Latest Composition of Board of Directors and Board of Commissioners of Vale Indonesia

The nickel mining company, PT Vale Indonesia Tbk (INCO), has appointed Kristina Gauthier as Vice President of the Board of Commissioners, Patricia Renee Pegues as Commissioner, and Adam MacMillan as Commissioner. These appointments were agreed upon during the Annual General Meeting of Shareholders (AGMS).

The management changes follow the resignations of Emily Olson as Vice President of the Board of Commissioners and Christopher McCleave as Commissioner.

“The AGMS accepted the resignations of Ms Emily Olson as Vice President of the Board of Prime and Mr Christopher McCleave as Commissioner, and expressed appreciation for both of their contributions during their respective terms,” the management stated in an official release on Wednesday (3/6/2026).

PT Vale will comply with all applicable provisions and regulations regarding the changes to the composition of the Board of Commissioners.

With these appointments, the complete composition of the Board of Directors and Board of Commissioners of PT Vale is as follows:

Board of Directors:

• President Director and Chief Executive Officer: Bernardus Irmanto

• Vice President Director and Chief Operation and Infrastructure Officer: Abu Ashar

• Director and Chief Human Capital Officer: Heriyanto Agung Putra

• Director and Chief Sustainability and Corporate Affairs Officer: Budiawansyah

• Director and Chief Financial Officer: Rizky Andhika Putra

• Director and Chief Project Officer: Muhammad Asril

• Director and Chief Strategy and Technical Officer: Slamet Sugiharto

Board of Commissioners:

• President Commissioner: F.S. Multhazar

• Vice President Commissioner: Kristina Gauthier

• Commissioner: Patricia Renee Pegues

• Commissioner: Adam MacMillan

• Commissioner: M. Jasman Panjaitan

• Commissioner: Katherina Anggela Oendun

• Commissioner: Shiro Imai

• Independent Commissioner: Rudiantara

• Independent Commissioner: Retno Marsudi

• Independent Commissioner: Marita Alisjahbana

Additionally, the AGMS decided to distribute a cash dividend to shareholders amounting to US$45,638,211, representing a payout ratio of 60% of the net profit for the 2025 fiscal year. The remainder will be recorded as retained earnings.

Throughout 2025, INCO recorded a 32% increase in net profit to US$76 million, supported by a 4% revenue growth to US$990 million, an EBITDA of US$228 million, and relatively maintained unit cash costs of nickel matte sales.

The cash dividend will be distributed to shareholders registered on the record date of 12 June 2026, with the payment date set for 26 June 2026.