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<div class="hidden md:flex text-xs"><a href="mailto:corporate.secretary@haritanickel.com" target="_blank" rel="noopener noreferrer">Corporate Secretary: corporate.secretary@haritanickel.com</a></div>

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<p><strong>To Our Valued Stakeholders,</strong></p>
<p>We have taken note of the recent coverage regarding water management systems at Harita Nickel’s operations and their perceived environmental impact. We appreciate the attention and constructive input shared on this issue, as we believe that critical observations can serve as a catalyst for continuous improvement.&nbsp;
</p>
<p>In this spirit, we acknowledge all stakeholder perspectives and share the aspiration that mining activities in Indonesia must uphold strong environmental, social, and governance (ESG) principles.
This aspiration is why Harita Nickel is committed to undergoing rigorous assessments under the <a href="https://responsiblemining.net/2024/10/07/harita-nickel-mine-is-first-in-indonesia-to-commit-to-irma-audit/" target="_blank">Initiative for Responsible Mining Assurance (IRMA)</a>&mdash;widely recognized as the world’s most stringent and comprehensive mining standard. We are proud to be the first company in Indonesia to be independently assessed against&nbsp; IRMA’s standard, and we welcome constructive collaboration from all stakeholders as we work towards this important milestone.</p>
<p><img alt="Sediment pond" src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/Sediment Pond.JPG" title="Sediment pond"></p>
<figcaption><em>Sedimentation ponds play a critical role in ensuring downstream water quality.</em></figcaption>
<p><br></p>
<p>We understand that questions will arise as expectations evolve, and we welcome open dialogue at any time. In recent years, we have taken meaningful steps to strengthen our environmental and social performance, and refer stakeholders to our <a href="https://tbpnickel.com/sustainability/sustainability-report" target="_blank">Sustainability Reports</a>, which document, our journey of continuous improvement.&nbsp;
</p>
<p>While challenges remain, our focus remains firmly on advancing responsible practices across all areas of our operation. To support ongoing discourse with stakeholders, this response includes both technical and contextual information on our water management. We hope it clarifies any ongoing areas of concern and we welcome further discussion.</p>
<p><br></p>
<h4>Environmental Planning: Building Resilience in a High-Rainfall Nickel Mining Landscape
</h4>
<p>Our operations on Obi Island, South Halmahera, North Maluku, are situated in an area characterized by annually increasing&nbsp; heavy and prolonged rainfall. This demands a comprehensive and resilient water management system. Over time, we have refined our operational practices not only to comply with regulations, but to <a href="https://ekonomi.bisnis.com/read/20231210/44/1722600/jelajah-ev-sederet-upaya-harita-nickel-jaga-ekosistem-dari-kolam-sedimen-hingga-daur-ulang-air?utm_source=desktop&utm_medium=search" target="_blank">minimize environmental impact</a> and ensure that surface runoff is responsibly managed and treated.
</p>
<p>As part of this commitment, we apply integrated land-use planning that prioritizes environmental protection while supporting operational needs, including in the development of the Obi Industrial Area. Land clearing is carried out in accordance with spatial planning that balances infrastructure expansion with ecological considerations. Green open spaces are incorporated into the industrial area to support biodiversity and manage runoff.&nbsp;
</p>
<p>This approach helps reduce environmental disruption and limits the exposure of bare soil to rainfall, which is essential for preventing erosion, controlling sediment run off, and mitigating the release of naturally occurring elements&mdash;such as metals&mdash;that could affect downstream water&nbsp; quality.
</p>
<p><img alt="Sediment header shot" src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/Sediment Header Shot.jpg" title="Sediment header shot"></p>
<figcaption><em>Water quality in these ponds is routinely monitored to ensure compliance with government regulations.</em></figcaption>

<p><br></p>
<h4>Water Quality Management: Precision Monitoring and Advanced Treatment
</h4>
<p>Our&nbsp;<a href="https://www.youtube.com/watch?v=Iu1195SUCnI" target="_blank">integrated water management system</a> is designed to control runoff and protect environmental quality on a long-term basis. <a href="https://ekonomi.bisnis.com/read/20231211/44/1722666/jelajah-ev-terapkan-pertambangan-ramah-lingkungan-ini-komitmen-harita-nickel?utm_source=desktop&utm_medium=search">Drainage channels </a>are equipped with drop structures to slow water flow, prevent erosion, and ensure that surface runoff undergoes sedimentation before entering sedimentation ponds.
</p>
<p><a href="https://kumparan.com/kumparannews/proteksi-lingkungan-jadi-komitmen-serius-harita-nickel-22jSVdUFGXU" target="_blank">Sedimentation ponds</a> (IPAL) play a critical role in reducing Total Suspended Solids (TSS) to maintain water quality downstream. Pond capacity is continually scaled in proportion to land clearing within the watershed (catchment area). Water quality in these ponds is monitored regularly to ensure it complies with government standards.
</p>
<p><a href="https://halmaherapost.com/2024/05/14/rahasia-pengolahan-air-limbah-harita-nickel-di-pulau-obi-terungkap-begini-prosesnya/" target="_blank">For transparency and oversight,</a>&nbsp; we support our physical infrastructure with SPARING devices to capture real time monitoring. These are installed at compliance points and connected directly to the Ministry of Environment’s national system, allowing for automated reporting of both flow and water quality data.
</p>
<p>In addition, the potential presence of dissolved metals&mdash;including Chromium-6 from lateritic soils&mdash;is managed through sedimentation, flocculation, and coagulation processes prior to discharge. Regular sampling and laboratory analysis are conducted by accredited independent third parties.
</p>
<p>In <a href="https://www.cnbcindonesia.com/news/20230412213925-4-429431/laporan-terbaru-mata-air-tambang-di-obi-kondisi-layak-minum" target="_blank">2023</a> and 2024, independent assessments found no non-conformities related to water or environmental management across our operational areas.&nbsp;
</p>
<p>In recognition of our consistent environmental performance, companies under Harita Nickel have maintained a <a href="https://tbpnickel.com/id/media/kabar-obi/k3l/harita-nickel-achieved-blue-proper-award-from-the-ministry-of-environment" target="_blank">Blue PROPER</a> rating from the Ministry of Environment for two consecutive years.&nbsp;
This achievement reflects the robustness of our systems and our long-term commitment to <a href="https://www.youtube.com/watch?v=dop7cSzfFXo&t=457s" target="_blank">sustaining water resources</a> both in and around our operational area.</p>
<p><img alt="Hpal pemantauan air ctd 1 jpg" src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/HPAL_Pemantauan Air -CTD--1-_JPG.JPG" title="Hpal pemantauan air ctd 1 jpg"></p>
<figcaption><em>Coastal water quality is monitored by accredited independent assessors.</em></figcaption>

<p><br></p>
<h4>From Source to Discharge: Transparency and Technology in Mine Water Management
</h4>
<p>In regions of high rainfall such as Obi Island, integrated and adaptive water management is critical.&nbsp;
</p>
<p>At Harita Nickel, we employ a structured approach to ensure that every type of water&mdash;whether it’s rainwater or process water&mdash;is treated according to its characteristics. Our system is designed to respond to changing environmental conditions while supporting long-term sustainability.
</p>
<p>Water is managed based on both its source and intended use within operations. This includes:</p>
<ol><li>Process water: Water reuse and recycling in nickel processing.</li><li>Non-contact water: Rainwater that does not come into contact with mining activities.</li><li>Domestic wastewater: Treated through dedicated domestic wastewater treatment plants using biotank technology.</li></ol>
<p><img alt="Aerial danau karo" src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/Aerial Danau Karo.JPG" title="Aerial danau karo"></p>
<figcaption><em>Exploring practical, long-term solutions to strengthen water management and protect local ecosystems.</em></figcaption>

<p><br></p>
<h4>Innovation for Long-Term Water Sustainability
</h4>
<p>Responsible&nbsp; water management requires more than operational discipline; it demands long-term investment that integrates environmental, technical, and social dimensions. Many initiatives require time to be fully implemented and adapted to local conditions&mdash;particularly in dynamic ecosystems like Obi Island. Our commitment extends beyond infrastructure to continuous improvement efforts. Key ongoing initiatives include:
</p>
<p>
1. Community water parks and packaging facilities &mdash; This project includes freshwater aquaculture ponds and plant nurseries within a 20.92-hectare protected buffer zone to support community livelihoods and ecological restoration.</p>
<p>2. Expanded water recycling systems &mdash; Building on more than 7 million cubic meters of water savings per year, we are developing broader circular systems to further reduce reliance on freshwater sources.</p>
<p>3. Rainwater runoff strategies &mdash; We work with hydrology and climate experts to refine runoff management systems in response to increasing rainfall variability and more frequent extreme weather events.</p>
<p><img alt="Comparison en 4 may" src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/Comparison en 4 may.jpg" title="Comparison en 4 may"></p>
<figcaption><em>Update as of 4 May 2025: the progress of our sediment pond, first completed in early January 2023, continues to manage runoff effectively before it reaches the ocean.</em></figcaption>

<p>4.&nbsp;<a href="https://www.youtube.com/watch?v=2ixlqhDg0Rs&t=579s" target="_blank" style="background-color: rgb(255, 255, 255);">Collaborative monitoring</a> with universities and environmental organizations &mdash; We partner with local academic institutions, NGOs, and independent experts to expand coastal and inland water monitoring. This includes joint studies in hydrology and hydrogeology, and broader efforts to conserve water resources. Our environmental practices are grounded in scientific data and informed by community input.</p>
<p><img alt="Whatsapp image 2025 04 30 at 14.39.08" src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/WhatsApp Image 2025-04-30 at 14.39.08.jpg" title="Whatsapp image 2025 04 30 at 14.39.08"></p>
<figcaption><em>Our environmental practices are driven by science, supported by data, and strengthened through technology.</em></figcaption>

<h4>Transparency, Partnership, and Progress
</h4>
<p>At Harita Nickel, we believe sustainability is built on transparency, accountability, and meaningful engagement. We welcome open dialogue with all stakeholders&mdash;including local communities, media, and civil society organizations&mdash;and remain committed to building mutual understanding through transparent practices.
</p>
<p>To that end, we have hosted visits from <a href="https://finance.detik.com/energi/d-6669066/perjalanan-panjang-ke-pulau-terpencil-ri-yang-kaya-harta-karun-nikel" target="_blank">journalists</a>, <a href="https://fajar.co.id/2023/11/29/perkumpulan-telapak-ungkap-hasil-kajian-tambang-nikel-di-halmahera-selatan/" target="_blank">NGOs</a>, <a href="https://tbpnickel.com/id/media/kabar-obi/other/kunjungi-site-obi-guru-besar-unpad-minta-perusahaan-lain-contoh-harita-nickel" target="_blank">academics</a>, and <a href="https://money.kompas.com/read/2025/04/14/120200626/cerita-lingkungan-dari-obi" target="_blank">experts</a>to witness our operations and water management systems firsthand. We continue to uphold this spirit of openness and invite others who wish to gain a direct understanding of our practices on the ground.
</p>
<p>Each year, we publish water-related Global Reporting Initiative (GRI) indicators and related information in our <a href="https://tbpnickel.com/sustainability/sustainability-report" target="_blank">annual Sustainability Report</a>.&nbsp; The 2024 report, released on 30 April 2025 will outline our initiatives, achievements, and the challenges we face in implementing responsible mining practices.
</p>
<p><img alt="Edu gathering 396" src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/EDU GATHERING_396.JPG" title="Edu gathering 396"></p>
<figcaption><em>Community members gather around a pond at the Salam Kawasi agricultural center, supporting local farming and sustainable water use.</em></figcaption>

<p><br></p>
<p>In closing, water is a source of life for ecosystems, communities, and industries alike. Our commitment is to protect it, manage it responsibly, and continuously improve our practices while sharing progress openly as we work together to shape a future rooted in responsible mining.&nbsp; We hope this statement helps clarify the current state of our operations and reinforces our ongoing dedication to transparency, measurable progress, and meaningful stakeholder engagement.
</p>
<p><br></p>

Strengthening Water Stewardship: Our Commitment to Transparency and Responsible Mining on Obi Island

<p><strong>To our stakeholders and valued members of the media,&nbsp;</strong></p>
<p>We are writing today to address recent concerns raised in the media and in industry reports. In the first instance<em>, </em>we refer to prior media responses explaining our approach to environmental and human rights protection. For specific concerns on water quality, marine damage and tailings management, please read our <strong><a href="https://tbpnickel.com/media/press-release/media-statement/response-to-washington-post-article">response</a> </strong>to the Washington Post. On the topic of Free Prior and Informed Consent (FPIC), and avoiding inappropriate use of force, we direct you to read our <strong><a href="https://tbpnickel.com/media/press-release/media-statement/harita-nickel-response-to-bbc-inquiry">response</a> </strong>to the BBC or our <strong><a href="https://tbpnickel.com/sustainability/human-rights/we-and-the-community/the-new-kawasi-settlement">support</a> </strong>of the government-led resettlement initiative.&nbsp;&nbsp;   </p>
<p>To add context, we have included independently verified information on our third-party <a href="https://tbpnickel.com/sustainability/human-rights"><strong>human rights due diligence</strong></a>, and our <a href="https://tbpnickel.com/sustainability/climate-change/biodiversity"><strong>Landscape Approach</strong></a> to sustainable development. Further details are released annually in our Sustainability Reports. Finally, we would like share a brief update on our decarbonization process and have included some recent images of our operations.
  </p>
<h4><strong>Energy sources on Obi Island</strong>
  </h4>
<p>Nickel remains essential to clean energy transition, medical advancements, and various industrial applications. However, nickel processing requires a stable, high-volume energy source that is not yet fully achievable through renewables alone. To tackle emissions reduction in line with our targets, we conducted comprehensive viability assessments, partnering with expert entities like USAID SINAR and Climate Smart Ventures.   </p>
<p>These studies identified both limitations and opportunities. Our remote location complicates the integration of renewable energy technologies, so we have widened our scope, even surveying the possibility of hydrogen or biomass technologies as part of our decarbonization planning.
  </p>
<h4><strong>Emissions Reduction</strong>
  </h4>
<p>In October 2024, a <a href="https://ieefa.org/sites/default/files/2024-10/IEEFA%20Report%20-%20Indonesia%27s%20nickel%20companies%20need%20RE_Oct2024.pdf"><strong>study</strong></a><strong> </strong>by The Institute for Energy Economics and Financial Analysis (IEEFA) projected the future emissions of Harita Nickel’s operations. The projection assumed that emissions intensity is fixed at 2023 levels, however, this assumption is not in line with our actual progress in emissions reduction. 
  </p>
<p>Harita Nickel’s emissions intensity for all products has decreased in 2024 from 2023 levels (detailed, third-party assured data to be published in the upcoming 2024 Sustainability Report). With our various improvements and technological improvements, we expect our emissions intensity to further decrease in the coming years.
  </p>
<p>Harita Nickel remains committed to a 30% emissions reduction target for all facilities <u>established on or before 2022</u>. This approach is aligned with a science-based approach, as per our <a href="https://tbpnickel.com/sustainability/sustainability-policy"><strong>Sustainability Policy</strong></a>.
  </p>
<p>We are achieving these reductions with our integrated decarbonization strategy:
  </p>
<ol><li>Expert Collaboration: Developed in cooperation with Climate Smart Ventures, drawing insights from the 2023 USAID SINAR study.</li><li>Holistic Approach: Active collaboration with global industry leaders, cross-sector specialists, and technology providers.</li><li>Compliance with Global Standards: Emissions tracking aligned with the GHG Protocol and ISO standards (Scope 1-3), and lifecycle analysis consistent with ISO 14040 and ISO 14044.</li><li>Operational Efficiency: Implementation of ISO 50001 to systematically enhance energy management and combustion efficiency.</li><li>Energy Diversification: Evaluating diverse renewable energy technologies, with solar power as a central component. We have currently deployed solar power to power office buildings, worker housing, street lighting, and telecommunications infrastructure. Within the next few months, the first 40 MW phase of our planned 300 MWp solar facility will become operational.</li><li>Technology Optimization: Scaling up initiatives including waste heat recovery, biofuels, electric vehicles, and renewable energy integration.</li></ol>
<p>Decarbonization requires significant investment, highlighting the importance of sustainable financing. We value our financial partners' support and remain dedicated to responsible mining, regulatory compliance, sustainability, and stakeholder engagement.</p>
<h4><strong>Recent Images</strong> 
  </h4>
<p>Finally, we've noticed several incorrect or outdated images circulating in the media. To address this, we have included some more recent photographs below <a href="https://www.youtube.com/watch?v=g2RoEIP0f_c">and a video </a>that shows the current situation of our operations including the shoreline.   </p>
<p>Stakeholder engagement is a vital part of sustainable operation, so we welcome further engagement with the media or our other valued stakeholders either online or at our offices in Jakarta.
  </p>
<p><img alt="Harita nickel monitors the water conditions of our operational area daily. this is the real condition of the obi island site as of march 25 2025." src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/Harita Nickel monitors the water conditions of our operational area daily. This is the real condition of the Obi Island site as of March 25- 2025..jpg" style="width: 681px; height: 230px; display: block; margin: auto;" width="681" height="230" title="Harita nickel monitors the water conditions of our operational area daily. this is the real condition of the obi island site as of march 25 2025."></p>
<figcaption class="text-center">Harita Nickel monitors the water conditions of our operational area daily. This is the real condition of the Obi Island site as of March 25, 2025.<br></figcaption>

<figcaption class="text-center"><img alt="Aerial view of sustainable integrated nickel mining and processing area operated by harita nickel on obi island south halmahera north maluku." src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/Aerial view of sustainable integrated nickel mining and processing area operated by Harita Nickel on Obi Island- South Halmahera- North Maluku..jpg" style="display: block; margin: auto; width: 690px; height: 274px;" title="Aerial view of sustainable integrated nickel mining and processing area operated by harita nickel on obi island south halmahera north maluku." width="690" height="274"><figcaption class="text-center">Aerial view of sustainable integrated nickel mining and processing area operated by Harita Nickel on Obi Island, South Halmahera, North Maluku.<br><br></figcaption></figcaption>
<figure rel="display: block; margin: auto; width: 668px; height: 374px;"><img alt="Sampul" src="https://apiharitanikel.dipstrategy.co.id/storage/images/old/images/Sampul.jpg" style="display: block; margin: auto; width: 668px; height: 374px;" title="Sampul" width="668" height="374"><figcaption class="text-center">Kawasi Village is currently being re-settled by the government due to proximity to the coast.</figcaption></figure>


Harita Nickel's Response to Recent Reports Regarding Decarbonization

<p>Harita Nickel refers to the position paper titled <em>“Daya Rusak Hilirisasi Nikel” </em>or “Destructive Power of Nickel Downstreaming”. The paper mentions Harita Nickel’s alleged negative environmental and social impacts on Obi Island. Harita Nickel has previously addressed various issues raised by media related to environmental and waste management, carbon emissions, and community development programs. These responses are detailed in the article <a href="https://tbpnickel.com/media/press-release/media-statement/response-to-washington-post-article" target="_blank" style="text-decoration-line: line-through;"><strong>Response to Washington Post Article</strong></a> and <a href="https://tbpnickel.com/media/press-release/media-statement/harita-nickel-response-to-bbc-inquiry" target="_blank"><strong>Harita Nickel's Response to BBC Inquiry</strong></a> as published on the company website.&nbsp;</p><p>For more information on the Kawasi resettlement, please refer to the article <a href="https://tbpnickel.com/sustainability/human-rights/we-and-the-community/the-new-kawasi-settlement" target="_blank"><strong>The New Kawasi Settlement</strong></a>. Harita Nickel is committed to complying with the best responsible mining practices and with all applicable environmental and other regulations as demonstrated in our <a href="https://tbpnickel.com/sustainability/sustainability-policy" target="_blank"><strong>Sustainability Policy</strong></a> and <a href="https://tbpnickel.com/sustainability/sustainability-report" target="_blank"><strong>Sustainability Report</strong></a>. We are committed to continuous improvement, and welcome feedback on our environmental and social management, and any other aspect of our operations.&nbsp;</p>

Harita Nickel’s Response to Position Paper by Forum Studi Halmahera (FOSHAL), Trend Asia (TA), and Yayasan Lembaga Bantuan Hukum Indonesia (YLBHI) published on 28th of May 2024

<h6><strong>(“To meet EV demand, industry turns to technology long deemed hazardous”)</strong></h6>
<pre>
</pre>
<p>PT Trimegah Bangun Persada Tbk and its Company of subsidiaries and affiliated companies (PTTBP or the Company) refer to the Washington Post article titled “<em>To meet EV demand, industry turns to technology long deemed hazardous</em>”, released online on 10 May, 2023 (the article). The article focuses on High Pressure Acid Leaching (HPAL) technology, and hence this reply refers to PTTBP’s practices related to the operation of its HPAL facility.
</p>
<p>We appreciate the concerns raised in the article, and the Company is strongly aware of the need to responsibly manage our operations. Since the start of our operations on Obi island in 2010, PTTBP has consistently obtained all required permits, and complied with all applicable environmental and other regulations. We are committed to continuous improvement, and welcome feedback on our environmental and social management, and any other aspect of our operations.
</p>
<p>As the implementer of the National Strategic Program (PSN) for the Obi Island Industrial Area (KIO), PTTBP is strongly committed to contribute to economic development in Indonesia and to the energy transition on a global level. The Company believes that its operations on Obi Island in general, and its HPAL facility in particular, will strongly contribute to both of these objectives. As mentioned in the article, HPAL technology is currently the only viable option to meet the global demand for electric vehicle battery supply chain materials.
</p>
<p>The Company would like to respond to the specific concerns raised in the article as outlined below:
</p>
<h6><strong class="text-dark">Environmental Management</strong></h6>
<p>In PTTBP’s&nbsp;<a href="https://tbpnickel.com/files/home_assets/TBP%20Sustainability%20Policy-WEB-EN.pdf">Sustainability Policy</a>, we commit to a high standard of environmental practices in line with national regulations and international standards. In recent months, we have responded to a range of concerns about our environmental management, including the points raised in the article. Further information about these responses and our environmental practices can be found on our&nbsp;<a href="https://tbpnickel.com/">website</a>. This information directly addresses the issues raised in the article regarding our operation of HPAL technology.
</p>
<p>In response to the article, we would like to reiterate that:
</p>
<ul><li>PTTBP has obtained and complies with all requirements of all environmental permits for its operations.
</li><li>The North Maluku Province Environmental Service regularly monitors PTTBP’s compliance with environmental management and monitoring obligations, and has declared PTTBP to be fully compliant see&nbsp;<a href="https://tbpnickel.com/files/documents/Attachment%201%20-%20Meeting%20minutes%20on%20the%20implementation%20of%20the%20Environmental%20Management%20Plan%20-RKL-%20and%20Environmental%20Monitoring%20P.pdf" target="_blank">(Attachment 1)</a>.
</li><li>PTTBP has installed water quality and emission monitoring systems to ensure continuous monitoring of all its effluents and emissions and compliance with applicable quality standards. This includes a SPARING tool for water quality and a Continuous Emission Monitoring System. All parameters have shown to be compliant with the legal requirements.
</li></ul>
<h6><strong class="text-dark">Water Quality and Effluent Management</strong></h6>
<p>Kawasi residents are still using the same source of drinking water they had been using before our operations on Obi island began (the Kawasi spring). Analysis results of the water quality of the Kawasi spring for more than 10 years (2013 – 2023) have shown that the water quality is suitable for consumption and in line with the water quality standards set by the government. In addition to tests in PTTBP-owned laboratories, the water is tested in an accredited, independent laboratory.
</p>
<p>In April 2023, we invited 12 national media editors to examine our environmental management practices. They were invited to take water samples from the Kawasi spring to be analyzed in an accredited,&nbsp;<strong>independent laboratory</strong>. The test result showed an in-situ pH level of 7.87, and a Cr6+ (hexavalent chromium) level of &lt;0.005 mg/L. The respective quality standards for drinking water issued by the Indonesian Ministry of Health are 6.5-8.5 for in situ pH levels and 0.05 mg/L for Cr6+. A media article documenting the visit is available&nbsp;<a href="https://www.cnbcindonesia.com/news/20230412213925-4-429431/laporan-terbaru-mata-air-tambang-di-obi-kondisi-layak-minum">here</a>.&nbsp;Below is a picture taken during the same visit.
</p>
<figure><img alt="Picture 1 kawasi spring min" src="https://tbpnickel.com/storage/images/old/images/Picture%201%20-Kawasi%20Spring--min.png" style="cursor: pointer; max-width: 100%; height: auto;"></figure>
<p><small class="d-block"><em>Picture of the Kawasi Springs which was taken during a media visit to Obi in April 2023. This is&nbsp;a water source for the Kawasi Villagers.</em></small>
</p>
<p>PTTBP recognizes that runoff water during the rainy season caused a change of color in the water bodies surrounding the Company’s mining operations. This change of color is caused by sediments, and similar effects can be observed in other non-mining areas in Indonesia. We have conducted a thorough investigation to determine the source of the runoff, and concluded with certainty that it is<strong>&nbsp;not from our HPAL operations</strong>.
</p>
<p>Our analysis showed that the runoff in affected water bodies presents no danger to the environment or humans. Yet, in response to inputs and questions from the community and our stakeholders, and as a precautionary measure, we took steps to remedy and prevent this occurrence, including enlarging our sediment ponds. This is demonstrated in the comparison image below.
</p>
<p><br></p>
<figure><img alt="Picture 2 comparison min" src="https://tbpnickel.com/storage/images/old/images/Picture%202%20-Comparison--min.jpg" style="cursor: pointer; max-width: 100%; height: auto;"></figure>
<p><small class="d-block"><em>The top image is an image from the Washington Post article, which we estimate to have been taken before mid-September, 2022. The bottom image was taken on 12 May 2023, which also shows the newly built sediment ponds.</em></small>
</p>
<p><br></p>
<p>The combined capacity of our current sediment ponds is more than 500 Olympic-sized swimming pools.
</p>
<p>Currently, there is no change of water color around our mining area. As proof, we are attaching the images of the coast in front of our operations, taken on 26 April, 2023&nbsp;<a href="https://tbpnickel.com/files/investor_assets/Attachment%203%20-%20Coast%20images-%208.5..pdf" target="_blank">(Attachment 2)</a>, and 8 May, 2023&nbsp;<a href="https://tbpnickel.com/files/investor_assets/Attachment%204%20-%20Coast%20images-%2026.4.pdf" target="_blank">(Attachment 3)</a>.&nbsp;
</p>
<p>The Company monitors the marine environment through the involvement of independent consultants and universities that provide professional and independent perspectives to verify that our operations cause no negative impact. Monitoring activities include water quality, fish population, reef, plankton, and benthos conditions. Monitoring and evaluation results from 2010 to date show no significant impact by our operations on the marine environment.
</p>
<p>Several marine experts have conducted research in the sea around Kawasi Village and found abundant fisheries productivity, which is maintained until today. Details are available in the aforementioned public response.
</p>
<h6><strong class="text-dark">HPAL Tailings</strong></h6>
<p>PTTBP&nbsp;<strong>has never disposed and will never dispose tailings</strong>&nbsp;from our HPAL operations to rivers, the sea, or&nbsp;<strong>any area outside its designated tailings storage facilities</strong>.
</p>
<p>Before operating the current Dry Stack Tailings Placement facility, PTTBP obtained a permit from the Indonesian Ministry of Environment and Forestry (KLHK), which the Company fully complies with.
</p>
<p>The KLHK permit&nbsp;<strong>requires us to ensure that tailings are</strong>&nbsp;<strong>not toxic</strong>. The parameters our tailings have to meet are :
</p>
<ol><li>Not explosive.
</li><li>Not Flammable.
</li><li>Not Reactive.
</li><li>Non Corrosive (pH +/-8).
</li><li>Radionuclide levels within regulatory provisions.
</li><li>Toxic and Chronic Leaching below regulatory limits.
</li><li>Overall chemistry within regulatory provisions.
</li><li>Toxicity Lethal Dose 50 and Lethal Concentration 50: non toxic.
</li><li>No subchronic toxicity.
</li></ol>
<p>Evidence that our tailings meet these criteria is provided in the attached laboratory certificate issued by an accredited, independent laboratory&nbsp;<a href="https://tbpnickel.com/files/documents/Attachment%205%20-%20Intertek%20tailings%20laboratory%20analysis.pdf" target="_blank">(Attachment 5)</a>.
</p>
<p>We fully recognize that tailings present potential risks. To minimize these risks, we use the following methods:
</p>
<ul><li>The facility design considers maximum expected precipitation (rainfall) on Obi island, and potential earthquakes.
</li><li>Tailings are dewatered in an auto press and treated to achieve similar characteristics as the original&nbsp;laterite&nbsp;soil. Tailings are then transported to the placement facility using conveyors and distributed according to facility design requirements. Liquid from the auto press is captured and reverted back to the HPAL facility, creating a closed loop system. Any unexpected leakage of this system is captured in pipes and transported to leachate ponds.
</li><li>All runoff water from the facility is captured in leachate collection and treatment ponds. Groundwater, leachate water and leachate water outflow are tested in an accredited, independent laboratory, and potentially harmful substances are neutralized if limits are exceeded.
</li></ul>
<h6><strong>Carbon Emissions of HPAL Process</strong></h6>
<p>PTTBP has committed to achieve net zero emissions before 2050, in alignment with the net-zero by 2060 target set by the Indonesian government. To achieve this target, we have been implementing a variety of initiatives to utilize less carbon intensive energy sources, and reduce the Company’s energy consumption.
</p>
<p>A key initiative is the construction of a 300MWp solar power facility by 2025, and we are already using solar panels to power street lights and a mobile communication tower on Obi island. Additional information on our commitment to reduce emissions can be found in these articles:&nbsp;<a href="https://www.cnnindonesia.com/ekonomi/20230412125556-85-936695/transisi-energi-harita-nickel-bakal-bangun-plts-300-mwp-di-pulau-obi">CNN</a>&nbsp;<a href="https://www.cnnindonesia.com/ekonomi/20230412125556-85-936695/transisi-energi-harita-nickel-bakal-bangun-plts-300-mwp-di-pulau-obi">Article&nbsp;</a>;&nbsp;<a href="https://katadata.co.id/lonaolavia/finansial/6432ca3f327be/bangun-industri-berkelanjutan-harita-nickel-bangun-300-mwp-plts">Katadata</a>&nbsp;<a href="https://katadata.co.id/lonaolavia/finansial/6432ca3f327be/bangun-industri-berkelanjutan-harita-nickel-bangun-300-mwp-plts">Article</a>.
</p>
<p>While HPAL smelting is carbon-intensive, it creates less emissions than other laterite processing technologies. An overview of average emissions by process has been provided by&nbsp;<a href="https://www.woodmac.com/news/editorial/the-drive-for-decarbonisation-seven-key-charts-from-the-metals--mining-forum/">Wood Mackenzie</a>. As comparison, the widely-used Rotary Kiln-Electric Furnace process is approximately 2.5 times more carbon intensive.&nbsp;
</p>
<p>PTTBP measures its carbon emissions to assess and track its progress. Detailed data on our emissions intensity will be released soon in our 2022 Sustainability Report.
</p>
<h6><strong>Community Development&nbsp;</strong></h6>
<p>PTTBP’s positive relationship with the local community has been well documented. While our presence might not be appreciated by everyone, we have strong evidence that we contribute to improved living conditions of the local community. An overview of our community development activities, as well as the documentation of a visit of local NGO leaders is available in this&nbsp;<a href="https://www.youtube.com/watch?v=BMZq53tDxpk">video</a>.
</p>
<p>PTTBP build and maintain regular communications with local communities both formally and informally. The Company also developed a grievances mechanism that is open to the local communities’ perspective and problems. Together with the local government, PTTBP is always willing to try to solve them. It is absolutely incorrect to mention that villagers are defenseless in Kawasi Village.
</p>
<p>Our current community development activities on Obi island include:
</p>
<ul><li>We improved the standard of the local health clinic in Kawasi through monthly medical services for women and children, education about infectious diseases, and free COVID-19 vaccines. Additionally, the doctors of PTTBP’s clinic conduct visits to remote villages on Obi on a regular basis to provide treatment to the local population.
</li><li>PTTBP provides a range of infrastructure support to the local community. This support includes the provision of clean water & electricity access, waste management services, as well as road construction.
</li><li>We support economic development through the establishment of farmer and SME groups. These initiatives have created jobs and raised the level of income for many community members significantly.
</li><li>The Company provides a significant market for suppliers from the local community and from the local province. To help them maximize this opportunity, we provide a local supplier development program to improve their capacity.
</li><li>The Company improved the level of local education by providing incentives to teachers, purchasing school furniture and providing scholarships.&nbsp;
</li></ul>
<p>PTTBP embraces transparency and is always open to all its stakeholders. The company is regularly visited by the government and other authorities, journalists, customers, suppliers, partners, as well as NGO activists. We require all visitors to show clear intentions and credentials, considering that PTTBP holds the status as a National Strategic Project and National Vital Object, which requires us to ensure security in and around our operational area. Therefore, every person entering our operational area must be accompanied by operational production professionals and wear protective equipment to ensure personal safety.
</p>
<p>We hope that our responses provide further clarity and context to demonstrate how PTTBP is responsibly managing its operations to protect the environment and people around our site of operations. We will continue to improve and innovate our practices in a sustainable manner.
</p>
<p><strong class="text-dark"></strong>
</p>

Response to Washington Post Article

Harita Nickel's Response to BBC Inquiry

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<p>Subject</p>