Investor Presentaiton

Disciplined Capital Expenditure Program Pertamina has realigned its 2015 capital expenditure budget and remains focused on high return projects in upstream as well as targeted investments in downstream Capital Expenditure Breakdown USD bn 7.85 6.78 0.27 44% 0.41 2.09 1.19 2015E Capital Expenditure by Segment: USD4.42bn Gas, New & Renewable Others 5% Energy 4.42 11% 0.20 1.02 Marketing & Trading 5.50 5.18 8% 3.20 2013 2014 2015E ■ Upstream Downstream Others PERTAMINA Refinery 4% Upstream 72% Disciplined spending program focused on high return projects ■ Maintain low finding and development costs and robust breakeven prices Note: Actual capital expenditure may differ materially from budgeted and expected capital expenditure Source: Pertamina 15

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