2.4 3.1 0.10 5.0 0.16 Adaro Energy Annual Report 2013 English

Ù u r p r o F Il E o u r M E SSA g E S o u r B u S In E S S o u r pE o pl E o u r g o v Ern A n C E o ur C o M M un IT IE S o u r I n v E S T o r S o ur F In An C E S Ú u r B u S In E S S ADAro EnErgy 2013 AnnuAl rEporT 85 Coal quality estimated as at June 30, 2012 Calculated changes to the quality of coal resources 2013 vs. 2012 Ash Volatile matter Total sulphur Ash Volatile matter Total sulphur 4.7 39.2 0.98 4.2 28.5 0.55 no quality quoted no quality quoted 3.6 18.7 0.72 3.4 18.8 0.56 4.5 17.4 0.8 -1 0.3 -0.04 4.5 27.7 0.49 -0.3 -0.8 0.01 As at Dec. 31, 2012 Calculated changes to the quality of coal resources 2013 vs. 2012 Total moisture Ash Volatile matter Total sulphur Calorific value Kcalkg Total moisture Ash Volatile matter Total sulphur Calorific value Kcalkg 28.0 2.0 36.0 0.11 4,843 -0.5 0.1 0.1 0.02 43 28.7 3.0 33.8 0.28 4,799 0.6

0.2 -0.3

-0.06 -62 30.8 2.9 32.7 0.21 4,651 - - - 0.00 - 38.9 2.9 30.5 0.22 3,997 0.1 0.2 -0.0 0.02 -22 43.6 3.1 28.9 0.23 3,657 - - - 0.00 -

32.3 2.4

33.7 0.16

4,510 0.2 0.1 0.1

0.01 14

not Acquired till 2013 not Acquired till 2013

32.3 2.4

33.7 0.16

4,510 0.2 0.1 0.1 0.01 11 47.3 3.6 25.4 0.10 3,272 - - - - - 46.3 2.9 26.2 0.09 3,415 - - - - - 46.0 3.3 26.2 0.09 3,423 - - - - - 47.0 3.5 25.7 0.10 3,329 - - - - - 47.8 2.8 25.5 0.10 3,297 - - - - - 45.2 2.9 27.2 0.11 3,497 - - - - - 42.7 2.8 29.4 0.10 3,606 - - - - -

46.9 3.1

25.9 0.10

3,354 - - - - -

46.9 3.1

25.9 0.10

3,354 - - - - - 33.9 5.5 31.1 0.42 4,345 0.3 -0.5 0.2 -0.01 -12 no resources estimated in 2012 no resources estimated in 201213 33.9 5.5 31.1 0.42 4,345 0.3 -0.5 0.2 -0.01 -12 32.4 2.5 33.6 0.17 4,506 -0.2 0.2 - - 6

46.9 3.1

25.9 0.10

3,354 - - - - - As at Dec. 31, 2012 Calculated changes to the quality of coal resources 2013 vs. 2012 Inherent moisture Ash Volatile matter Total sulphur Calorific value Kcalkg Inherent moisture Ash Volatile matter Total sulphur Calorific value Kcalkg 19.1 2.2 40.5 0.12 5,436 -0.1 0.2 -0.1 0.02 17 19.1 3.4 38.4 0.32 5,443 1.1 0.3 -0.6 -0.07 -103 18.9 3.5 38.3 0.25 5,439 - - - 0.00 - 21.6 3.8 39.1 0.29 5,113 1.4 0.2 -0.7 0.01 -109 18.8 4.4 41.6 0.33 5,262 - - - - -

19.8 2.9

40.0 0.20

5,336 0.4

0.2 -0.3

0.01 -30

not acquired until 2013 not acquired until 2013

19.8 2.9

40.0 0.20

5,336 0.5

0.2 -0.3

0.01 -39 14.3 5.9 41.4 0.17 5,328 - - - - - 14.0 4.6 41.9 0.15 5,474 - - - - - 13.5 5.3 41.9 0.15 5,488 - - - - - 13.4 5.6 41.9 0.16 5,436 - - - - - 14.2 4.6 41.8 0.16 5,418 - - - - - 13.5 4.6 42.9 0.17 5,517 - - - - - 13.6 4.2 44.4 0.16 5,441 - - - - -

13.6 5.0

42.1 0.16

5,457 - - - - -

13.6 5.0

42.1 0.16

5,457 - - - - - 21.5 6.0 37.4 0.49 5,167 0.2 0.1 -0.1 0.06 19 no resources estimated in 2012 no resources estimated in 201213 21.5 6.0 37.4 0.49 5,167 0.2 0.1 -0.1 0.06 19 19.9 3.0 39.8 0.20 5,340 0.4 0.2 -0.2 0.02 -35

13.6 5.0

42.1 0.16

5,457 - - - - - Notes 1 pT Adaro Indonesias coal quality samples have been analysed to ASTM standards. 2,3,4 pT Semesta Centramas, pT paramitha Cipta Sarana, and pT laskar Semesta Alam coal quality samples have been analysed to ASTM standards. 5 pT Mustika Indah permais 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 1 pT Adaro Indonesias coal quality samples have been analysed to ASTM standards. 2,3,4 pT Semesta Centramas, pT paramitha Cipta Sarana, and, pT laskar Semesta Alam coal quality samples have been analysed to ASTM standards. 5 pT Mustika Indah permais 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 1 Based on BHp Billitons 2013 Annual report with the permission of BHp Billiton. 2 Considered an underground mining resource. 86 ÛÜÝ IABlE, STrong, EFFICIEnT Adaro Energy Coal Reserves Quality Gross As Received Basis reported according to JorC 2012 Edition Operating Company Locality Calculated as at Dec. 31, 2013 Total moisture Ash Volatile matter Total sulphur Calorific value Kcalkg pT Adaro Indonesia 1 Tutupan 26.7 1.8 36.7 0.10 5,016 north paringin 25.7 3.1 35.7 0.17 5,065 South paringin no reserves estimated in 2013 Wara I 39.0 2.6 30.6 0.21 4,012 Wara II no reserves estimated in 2013 Total Adaro Indonesia 31.2

2.1 34.4