First Resources Ltd. (singapore)SGX: EB5

Production Update - 12M2021

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FIRST RESOURCES LIMITED

(Company Registration No. 200415931M) (Incorporated in Singapore with limited liability)

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Production Highlights

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Quarterly Production - 12M/4Q2021

12M2021

12M2020

Change

4Q2021

4Q2020

Change

Production

FFB harvested

(tonnes)

3,367,668

3,273,584

2.9%

834,247

885,135

(5.7%)

Nucleus

2,940,434

2,903,800

1.3%

722,018

778,449

(7.2%)

Plasma

427,234

369,784

15.5%

112,229

106,686

5.2%

Crude Palm Oil

(tonnes)

869,241

855,668

1.6%

212,373

246,260

(13.8%)

Palm Kernel

(tonnes)

197,384

192,840

2.4%

49,286

55,448

(11.1%)

Efficiency

FFB Yield

(tonnes/ha)

17.2

16.4

4.3

4.4

CPO Yield

(tonnes/ha)

3.9

3.8

1.0

1.0

CPO Extraction Rate

(%)

22.7

23.2

22.4

23.1

PK Extraction Rate

(%)

5.2

5.2

5.2

5.2

Monthly Production in 2021 ('000 tonnes)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

FFB Harvested

259

252

286

283

256

288

289

309

311

284

285

265

Nucleus

227

222

251

247

222

251

255

271

272

248

246

228

Plasma

32

30

35

36

34

37

34

38

39

36

39

37

CPO

70

67

76

74

68

74

73

77

78

72

72

68

PK

15

15

17

17

15

16

17

18

18

17

16

16

Figures may not sum due to rounding.

CPO Production Trend

tonnes

2019

2020

2021

100,000

76,459

74,198

73,870

72,836

77,807

77,817

71,939

71,919

90,000

69,590

66,515

67,776

68,515

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Notes:

FFB:

Fresh Fruit Bunches

Nucleus:

Plantations owned by the Group

Plasma:

Plantations developed by the Group for the benefit of smallholders. The Group buys FFB from these plasma

plantations at prices determined by the Indonesian Government

Yields:

FFB yield and CPO yield are for the reported period and not annualised