2.6 2.5 3.1 0.1 3.1 0.1 5.1 0.46 AR14 English for Web

AdARo ENERgy 2014 ANNuAl REPoRT sTRENGThENiNG ThE cORE fOR busiNEss susTAiNAbiliTY www.AdARo.CoM 71 Reported according to JORC Code 2012 Edition As at Dec. 31, 2013 Calculated changes to the quality of coal resources 2014 vs. 2013 Total moisture Ash Volatile matter Total sulphur Caloriic value Kcalkg Total moisture Ash Volatile matter Total sulphur Calorific value Kcalkg 27.5 2.1 36.1 0.13 4,886 0.4 0.2 -0.3 -0.01 -40 29.3 3.2 33.5 0.22 4,737 -0.6 -0.2 0.4 0.01 71 30.8 2.9 32.7 0.21 4,651 - - - - 39.0 3.1 30.5 0.24 3,975 -0.5 0.5 -0.1 0.07 -4 43.6 3.1 28.9 0.23 3,657 - - - -

32.1 2.6

33.8 0.17

4,524 0.1

0.3 -0.2

0.02 -24

32.6 2.2 34 0.08 4,370 -0.2 -0.1 -0.1 -0.01 24 32.1 1.7 33.6 0.06 4,400 -1.1 1.8 0.3 0.02 -41 31.3 1.8 34.8 0.08 4,490 -0.4 -0.1 - - 31

32.1 2.5

33.8 0.17

4,521 -

0.2 -0.1

0.01 -27

47.3 3.6 25.4 0.1 3,272 - - - - - 46.3 2.9 26.2 0.09 3,415 - - - - - 46 3.3 26.2 0.09 3,423 - - - - - 47 3.5 25.7 0.1 3,329 - - - - - 47.8 2.8 25.5 0.1 3,297 - - - - - 45.2 2.9 27.2 0.11 3,497 - - - - - 42.7 2.8 29.4 0.1 3,606 - - - - -

46.9 3.1

25.9 0.1

3,354 - - - - -

46.9 3.1

25.9 0.1

3,354 - - - - -

34.1 5.1

31.2 0.46

4,342 0.3 -0.5 0.2 -0.01 -12 No resources estimated in 2013 No resources estimated in 201314

34.1 5.1

31.2 0.46

4,342 0.3 -0.5 0.2 -0.01 -12 32.2 2.7 33.6 0.19 4,512 0.1

0.2 -0.1

0.01 -22

46.9 3.1

25.9 0.1

3,354 - - - - - 1 PT Adaro Indonesia’s coal quality samples have been analysed to ASTM standards. 2 Balangan Coal is an informal collective name for the separate IuPs PT Semesta Centramas, PT Paramitha Cipta Sarana and PT laskar Semesta Alam. Coal quality samples from each have been analysed to ASTM standards. 3 PT Mustika Indah Permai’s coal quality samples have been analysed to ISo standards. Elevated levels of sodium in ash averaging 3 were noted in the 2014 JoRC coal reserves. Notes 72 OuR busiNEss REviEw Of miNiNG sERvicEs Quality of Adaro Metallurgical Coal Resources Air Dried Basis Operating company Locality Coal quality estimated as at June 30, 2014 Ash Volatile matter Total sulphur IndoMet Coal 4 Haju metallurgicalthermal 4.7 39.2 0.98 lampunut metallurgical 4.2 28.5 0.55 lampunut thermal No quality quoted luon metallurgicalthermal 3.6 18.7 0.72 luon metallurgical 5 3.4 18.8 0.56 Bumbun metallurgicalthermal 3.5 17.7 0.76 Juloi Northwest metallurgicalthermal 4.2 26.9 0.50 Coal Resources by Quality Quality of Adaro’s Coal Resources Air Dried Basis Operating company Locality Estimated as at Dec. 31, 2014 Inherent moisture Ash Volatile matter Total sulphur Caloriic value Kcalkg PT Adaro Indonesia 1 Tutupan 19.3 2.7 40.2 0.14 5,417 North Paringin 19.9 3.4 38.1 0.26 5,398 South Paringin 18.9 3.5 38.3 0.25 5,439 wara I 22.6 4.6 38.3 0.39 4,995 wara II 18.8 4.4 41.6 0.33 5,262 Total Adaro Indonesia thermal 20.2

3.4 39.5