Bumi Resources – Acquisition of Wolfram Limited (Australia)

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PT Bumi Resources Tbk ("Bumi Resources"), the world's largest thermal coal exporter and one of the largest global coal companies, has successfully acquired a 99.68% ownership stake in Wolfram Limited ("Wolfram"), an Australian-based gold and copper mining company, and will complete the acquisition to 100% in November 2025.

The acquisition follows the term sheet agreement signed earlier this year and has now been finalized after securing approval from the Australian Foreign Investment Review Board (FIRB). This marks an important milestone in Bumi Resources' diversification strategy, extending the company's portfolio into strategic and critical minerals as well as downstream opportunities.

"With the completion of this transaction, Bumi Resources is taking a significant step forward in its diversification journey. Diversifying into strategic and critical minerals aligns with global demand trends and reinforces our commitment to long-term, sustainable growth," said Adika Nuraga Bakrie, President Director of Bumi Resources.

Through Wolfram, Bumi Resources gains access to near-term gold and copper production potential, which is expected to contribute positively to the company's earnings profile while providing enhanced value for shareholders.

For further information, please contact:

PT Bumi Resources Tbk Tel (62-21) 5794 2080

Fax (62-21) 5794 2070

Web https://www.bumiresources.com