PT Vale Indonesia Tbk : PTVI Sustainability Report 2025 English

About The Cover

The cover depicts a monitoring visit under PTVI's PPM SRI Organik program at IGP Morowali in Desa Ululere, showing engagement between PTVI personnel and community members during program implementation. Initiated in 2023, the program has entered its eighth planting cycle, with monitoring conducted every three months to support effective implementation and ongoing program evaluation.

The program includes assistance for organic rice and organic vegetable cultivation, supported by self-produced compost derived from rice husks, with microbial activators provided through the program. It also includes support for community herbal medicine groups (UKBM herbal) through medicinal plant cultivation, as well as agricultural infrastructure support, including approximately 800 meters of irrigation channels and supporting farming equipment.

The cover reflects our report theme, Integrity in Action: Building Trust and Sustainable Value, by portraying a practical example of our engagement with surrounding communities through ongoing program monitoring and implementation.

Disclaimer

The Sustainability Report of PT Vale Indonesia Tbk, hereinafter referred to as the "Report," contains data and information that are material to stakeholders regarding PT Vale Indonesia's sustainability performance in 2025. In general, the contents of this Report are based on internal analysis, as well as credible sources and documents. The terms "PTVI," or "We" used in this Report refer to PT Vale Indonesia Tbk.

Readers should be aware that this Report includes information containing forward-looking statements and views. PT Vale understands that risks and uncertainties from various factors could affect operational performance and business conditions in the future. Therefore, we remind readers that the Company cannot ensure that forward-looking statements will reflect actual conditions in the future. Thus, we advise readers to use this information wisely.

The tables and charts shown in this Report present numeric data using the standard English notation. The presentation of numerical values in the text also uses the English notational standard.

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Table of Contents

Reclamation and Rehabilitation

Mine Closure Planning

Our People

PTVI's Approach to Human Resources Employee Statistics

Recognition of Labour and Human Rights Commitment to Diversity, Equality, and Inclusion Employee Remuneration and Benefits

Employee Training and Development Employee Health and Safety

Employee Concern Reporting and Resolution Mechanism

Communities

Our Approach to Responsible Community Engagement Respect for Human Rights

Relocation and Rights to Land and Resources Community Engagement

Community Grievance Mechanism Management of Impacts on Communities Community Empowerment Programmes

100

102

105

106

107

110

112

118

119

123

131

132

133

134

136

136

137

138

142

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About This Report

Material Topic Disclosure

Our Contribution To Sustainable Development Goals

Data Table

About PTVI

Sustainability Management Governance

Environment Human Resources

Appendix

Independent Assurance Statement POJK Index

GRI Index SASB Index

Feedback Form

151

154

155

160

160

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163

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184

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186

188

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Operational Performance[POJK51-B.1]

Total Nickel Production and Sales in Matte (Tons)

Production reached 72,027 tons,

1.00% compared to 2024

Sales reached 73,093 tons,

0.64% compared to 2024

Revenue and Earnings (Thousand US$)

Operating revenue reached US$990,195 thousand,

4.19% compared to 2024 Profit for the Year reached US$76,063 thousand, 31.69% compared to 2024

Nickel Production Cost in Matte (US$ per Ton)

Nickel matte production cost reached US$9,560 per Ton,

0.85% compared to 2024

70.108

72.625

73.093

60,000

40,000

20,000

0

2023

Production

2024

Sales

2025

Total Nickel Production

and Sales in Matte (Tons)

80,000

2024

274.334

Profit for the Year

2025

Revenue and Earnings

(Thousand US$)

1,232,263

2023

Operating Revenue

0

250,000

500,000

750,000

1,000,000

1,250,000

Nickel Production Cost in Matte

(US$ per Ton)

10,200

10,100

10,000

9,900

9,800

9,700

9,600

9,500

9,400

9,300

9,200

9,100

2023

2024

2025

9,560

Despite continued volatility in nickel prices, PTVI maintained stable operational performance. Through efficiency improvements and disciplined operations, we were able to strengthen profitability while sustaining production and sales performance.[POJK51-E.5]

Energy and Emission

Sorowako

Energy Usage (GJ)

Energy Intensity (GJ/Ton Matte)

Renewable Energy Proportion (%)

Environmental Management Expenditure

US$43.79M

allocated for environmental management activities 54.34% compared to 2024

IGP Morowali

IGP Pomalaa

GHG Emissions

Sorowako

Total GHG Emission (Ton CO2eq)

GHG Intensity (Ton CO2eq/Ton Matte)

IGP Morowali

IGP Pomalaa

Air Pollution

Sorowako

Total SO2 Emissions (Ton SO2)

SO2 Emission Intensity (Ton SO2/Ton Ni)

Total Particulate Emissions (Tons of Particulates)

Particulate Emission Intensity (Ton Particulate/Ton Ni)

Environmental Performance[POJK51-B.2]

Water Management

Water Withdrawal (m³)

Sorowako

The significant increase in water withdrawal was primarily attributable to improvements in monitoring points and flowmeter measurements in 2025

20,612

IGP Morowali 2025

0.90% vs 2024

9,969

IGP Pomalaa 2025

11.93% vs 2024

Water Withdrawal Intensity (m³/Ton Matte)

Sorowako

Water Discharge

Sorowako

10.94% compared to 2024

113,251 m³

IGP Morowali Water Discharge in 2025

Biodiversity Conservation

Sorowako

72,296 local, endemic, and protected trees conserved and cultivated 6% trees compared to 2024

18 Timor deer (Rusa timorensis) conserved

One lowland anoa (Bubalus depressicornis) conserved

Reclamation and Rehabilitation

Progressive Mine Reclamation

156.67 ha

Sorowako

1.42 ha

Bahodopi

DAS Rehabilitation Outside Concession

17.877 ha

of watershed rehabilitation areas across five provinces: South Sulawesi, Central Sulawesi, Southeast Sulawesi, West Java, and Bali

Environmental Training

338 employees

1,966 contractors

received enviromental training

60 employees

6 contractors

participated in environmental management certification

Waste Generated (Ton)

Hazardous

Sorowako

IGP Morowali

IGP Pomalaa

The increase in waste generated at IGP Morowali and Pomalaa was primarily attributable to the commencement of more intensive production activities in 2025.

Non-hazardous

Sorowako

76ton

IGP Morowali in 2025

375ton

IGP Pomalaa in 2025

Social Performance[POJK51-B.3]

Workforce Composition

Participation in Training

Occupational Health and Safety

2,985

employees in total workforce

12.09%

women employees (361)

0.51% vs 2024

2.493

employees participated in training programs

Zero

Work-related Deaths (Zero Fatalities) in 2025

83,28%

local employees (2,486)

0.47% vs 2024

89,95%

of employees are members of a labour

Zero

recordable injury for employee

Total Training Hours

70,656

total training hours delivered in 2025

Women in Leadership

Certification Programs

277

employees participated in professional certification programs.

131

women in leadership roles (L1-L3), representing 17.21% of leadership positions 1.00% compared to 2024

176

employees participated in pre-retirement preparation training programs

Pre-Retirement Preparation

Workforce Turnover

1.04%

turnover rate 0.12% compared to 2024

households received electricity subsidy support in Sorowako.

public facilities supported through electricity subsidy programs.

villages benefited from clean water distribution infrastructure in Towuti.

villages involved in participatory infrastructure development in Morowali.

empowerment villages reached through health and development programs in Morowali.

households served through the TPS3R community waste management facility.

participants joined English training programs in Morowali.

university students participated in research and internship opportunities.

farmers received capacity-building and technical assistance in organic rice cultivation across 12

farmers supported through organic vegetable cultivation across around 5 hectares.

cocoa farmers involved in certification preparation in Pomalaa.

MSMEs supported through economic self-reliance programs in Sorowako.

villages supported through Village SDGs-related empowerment initiatives.

Community Empowerment

US$4,734,128

allocated for the Community Development and Empowerment Program (PPM) in 2025

US$3.98M

invested in PPM programs in Sorowako.

US$751K

invested in PPM programs in IGP Morowali.

US$138K

invested in PPM programs in IGP Pomalaa.

Beneficiaries & Reach

Forms of Support

Education & Capacity Building

• 5 villages served through school transportation support in Sorowako.

• 3 master's and 2 doctoral recipients supported through scholarship programs.

• 57 participants joined vocational training across two batches.

• 45 PAUD teachers reached through capacity-building programs.

• 347 university students engaged through thematic Community Service Programs (KKN).

• 15 laptops donated to support learning facilities in local schools.

• 1 practical training vehicle provided for SMKN 1 Luwu Timur.

  Economic Empowerment

• 4,600 cocoa seedlings established through the Cocoa Nursery House in Pomalaa.

• 80 farmers supported across approximately 17 hectares of cultivated land.

  Environment

• 18 Waste Bank Units and 11 School Waste Banks supported in Sorowako.

• 10 villages supported through Climate Village (ProKlim) facilitation.

• 118 tons of waste managed through TPS3R in Bahodopi.

• 8,000+ kg of compost produced through community-based waste management programs.

  Infrastructure and Basic Services

• 14 solar-powered streetlights installed in Bahomotefe Village.

• 225 meters of village fence constructed in Kolono Village.

• 10 MSME booths developed as part of village tourism facilities in Unsongi

Governance Performance[POJK51-B.1]

Sustainability Performance Assessment

Sustainalytics

23.7

Sustainalytics ESG Risk Score-Medium Risk Category

19.39%, lower risk from previous year

ASEAN Corporate Governance Scorecard (ACGS)

99.53

0.86% compared to 2023 performance

Board Diversity

50%

Board of Commissioners members are female

Responsible Supply Chain

85%

of our total suppliers are domestic suppliers

Theme Description

Integrity in Actions: Building Trust and Sustainable Value

Entering 2025, PTVI encountered a critical stress test of its resilience, driven by operational challenges, including the oil pipeline leakage, alongside ongoing market volatility and evolving regulatory expectations. These dynamics required not only disciplined execution, but also a reassessment of how we operate, prioritize, and manage risks in an increasingly complex environment.

The theme "Integrity in Action: Building Trust and Sustainable Value" reflects how PTVI responds to these conditions, not only by maintaining performance but also by reinforcing how integrity is translated into concrete actions across the organization. The challenges encountered during the year served as a wake-up call to address complacency risks and strengthen agility, accountability, and continuous improvement across all levels.

During the year, PTVI experienced notable changes in leadership and governance, including the appointment of a new CEO, changes within the Board of Commissioners, and organizational restructuring. These developments contributed to strengthening decision-making processes, enhancing oversight, and improving alignment between strategy, operations, and sustainability commitments.

At the same time, PTVI placed greater emphasis on transparent communication and active stakeholder engagement, particularly in responding to operational challenges, including the oil pipeline leakage. During the year, we intensified

engagement with affected communities, regulators, and other stakeholders to ensure timely information sharing, address concerns, and support response and recovery efforts. These actions reflect our commitment to building trust through openness, accountability, and consistent engagement.

As we move forward, the lessons learned and improvements made throughout the year strengthen our foundation for building a more resilient organization. Integrity continues to guide how we respond, strengthen governance, and engage openly with stakeholders. Through a year of challenges, we reinforced that integrity in action remains essential to building trust and sustaining long-term value.

CEO Message

Dear Esteemed Stakeholders,

The acceleration of the global energy transition continues to reshape the economic and industrial landscape. Indonesia plays a central role in this shift, as the world's largest nickel reserve holder and a major producer. Through its down streaming policy, the country is strengthening domestic value creation and supporting the low-carbon transition.

At the same time, rapid expansion has contributed to oversupply and price pressure, reminding us that growth must be balanced with responsibility.

Within this context, PTVI continues to navigate industry headwinds while strengthening operational resilience. In conditions that are not always ideal, we remain committed to ensuring that our decisions are aligned with sustainability principles and our responsibilities to society and the environment.

This year, we were confronted with a significant challenge when an oil pipeline leak occurred on 23 August 2025 in Lioka Village, Towuti District, East Luwu Regency, South Sulawesi, releasing fuel oil into surounding waterways and farmland. This was a serious incident, and I want to speak to it directly and honestly.

I am sorry to the farmers who saw their rice fields flooded with oil. I am sorry to the families in Lioka, Langkea Raya, Baruga, Matompi, Wawondula, and Timampu who faced days of uncertainty about their water, their land, and their livelihoods. And I am sorry that, despite the best standards we strive to uphold, we were not able to prevent this from happening in the first place.

I travelled to Towuti in the days immediately following the incident. Seeing the affected areas directly, and speaking with residents face to face, only reinforced what I already knew: behind every statistic is a family's livelihood, a farmer's harvest, a community's trust.

From the outset, we committed to three things: to stop the spread as quickly as possible, to be fully transparent about what happened and what we were doing, and to stay - for as long as it takes - until Towuti is genuinely restored. Our teams worked around the clock to isolate the leak source and contain the flow. We established a Complaint and Information Centre so that affected residents could reach us directly. We engaged independent scientific experts from IPB, UNHAS, Sucofindo, and the University of Indonesia's Disaster Risk Reduction Centre to ensure our environmental assessments were credible and our recovery actions evidence-based.

We are finalising a full evaluation and strengthening of our pipeline systems so that a similar incident does not happen again. The process of environmental rehabilitation and community compensation has advanced significantly and is ongoing, with regular updates posted on our website. We will not consider this chapter closed until the community does.

This experience reinforced the importance of responding with urgency, transparency, and genuine care for the people and environment affected. It also strengthened our resolve to continuously improve how we operate, manage risks, and build long-term resilience as a company. I am grateful for the spirit of solidarity that emerged from this difficult time. Local residents, government officials, and community volunteers

Bernardus Irmanto

CEO and President Director

"Sustainability is not a linear path. It is a continuous process of improvement, reflection, and renewal."

joined our teams in the field every single day. That spirit of gotong royong sustained all of us. It is also the standard we must continue to earn.

For us, responsibility goes beyond operational performance. It is reflected in how we strengthen our operations, support livelihoods, safeguard ecosystems, and create long-term value for Indonesia.

Through this Sustainability Report, we share both our achievements and the lessons we have learned as part of our commitment to continuous improvement and accountability.

Operational Performance and Strategic Projects Throughout 2025, PTVI maintained solid operational performance amid a challenging market environment. At Sorowako, nickel matte production reached 72,027 metric tonnes, an increase of 1.00% compared to the previous year, while sales volume rose by 0.64% to 73,093 metric tonnes. Despite higher volumes, operating revenue from Sorowako declined by 6.5% to US$888.6 million, reflecting softer nickel prices during the year. Nevertheless, we continued to strengthen cost discipline and operational efficiency, with nickel matte production costs increasing only marginally by 0.85%, from US$9,479 per metric tonne in 2024 to US$9,560 per metric tonne in 2025.

Beyond Sorowako, we began to see initial revenue contributions from our growth projects. Indonesia Growth Project (IGP) Morowali generated operating revenue of US$91,517 thousand, while IGP Pomalaa contributed US$10,095 thousand in 2025. These contributions helped lift total operating revenue by 4.19% to US$990,195 thousand, despite the decline in Sorowako revenue, marking an important milestone in diversifying our revenue base.

Overall, we recorded total operating revenue of US$990,195 thousand, representing an increase of 4.19% compared to the previous year. This performance was accompanied by a significant improvement in profitability, with profit for the year increasing by 31.68% to US$76,063 thousand, supported by stronger efficiency and disciplined cost management across our operations.

These results reflect more than financial outcomes alone. They demonstrate the collective discipline of our teams in maintaining operational reliability, efficiency, and continuity despite continued price pressure in the nickel market. Amid fluctuating conditions, we remained focused on preserving resilience while laying the groundwork for long-term growth. At the same time, our strategic projects continued to advance, reinforcing our long-term growth pathway. Together, these projects strengthen the link between our upstream and downstream operations.

In Sorowako, the Limonite Ore Project is expected to start in mid-2027. Meanwhile, the Pomalaa HPAL Project is also expected to commission in early 2027, with major infrastructure already in place and construction advancing steadily. As one of our most advanced downstream developments, this project represents a key step in strengthening our processing capacity and supporting Indonesia's nickel downstreaming agenda.

The Sambalagi HPAL Project in Bahodopi is also showing encouraging progress, with construction continuing to advance and strong confidence that the project will be delivered on time, on cost, and with the required quality.

In Morowali, we reached an important milestone as mining activities progressed significantly toward operational readiness, while initial saprolite deliveries have commenced.

In parallel, construction of the HPAL facility continues to progress toward its targeted completion in 2027.

Together, these projects expand our production capacity while strengthening our downstream integration, in line with our commitment to a more sustainable, lower-carbon future.

Strengthening Governance and ESG Performance

PTVI continued to strengthen governance and ESG performance as a foundation for long-term value creation. We recorded an improved Sustainalytics ESG Risk Rating of 23.7, representing a 19.4% risk score reduction from the previous year, while our ASEAN Corporate Governance Scorecard (ACGS) performance increased 0.86%, reaching 99.53 in 2025 compared to 2023 performance.

This improvement reflects stronger alignment with regional best practices in transparency, accountability, and shareholder rights, reinforcing stakeholder confidence in our governance framework. We see this progress not merely as improved scores, but as a reflection of stronger discipline in how we govern our business and integrate sustainability into decision-making. We also strengthened governance through clearer policies, stronger oversight, and closer integration of ESG into business decisions.

To ensure that these commitments are translated into measurable practices on the ground, our Sustainability Roadmap is being recalibrated to ensure that targets remain measurable, realistic, and aligned with our long-term direction as we navigate both internal transformation and growth, as well as evolving global standards. Sustainability is not managed as a separate agenda. It is increasingly embedded within risk management, capital allocation, and performance evaluation processes across the organization.

Environmental Performance

During the reporting year, we continued to improve our environmental performance while maintaining operational continuity in a challenging environment. In Sorowako, we recorded an increment by 1.15% in absolute greenhouse gas for the scope 1 and 2 emission, and 0.15% increase in emissions intensity compared from the previous year. On the other hand, our renewable energy use increased by 0.28% from the previous year. This progress was supported by a shift in biodiesel with 40% mix of biological oil (B40), with source of renewable energy contributing to around 30% of total energy consumption in Sorowako and reaching 74% in IGP Pomalaa and 78% in IGP Morowali. The composition of renewable energy is higher at growth project as they only operate in mining activity, relying primarily on biodiesel, where in Sorowako operation, the ore drying process to produce nickel matte still dependant on coal.

For our Sorowako operation, we are targeting a 33% reduction in absolute Scope 1 and Scope 2 emissions by 2030, compared to our 2017 baseline. In 2025, total emissions at Sorowako were recorded at 2,074,623 tonnes of CO, equivalent (CO,e), keeping us on track toward our 2030 target. Emissions levels are expected to remain relatively stable in the near term, as several key decarbonization initiatives are scheduled for implementation starting from 2027 onwards. These initiatives include heat recovery systems, ore dewatering improvements, and increased electrification of operations. Together, those initiatives are expected to reduce GHG emissions and support our transition to lower-carbon operations.

In Sorowako operation, we also recorded a 5.5% reduction in SO, emissions and a 26.4% decrease in particulate emissions, indicating better control over air quality impacts from our operations.

In land management, we carried out post-mining reclamation covering 156.67 hectares in Sorowako and 1.42 hectares in IGP Morowali, while rehabilitating watershed outside of the concession area with the total area of 17,877 hectares. In addition, all water treatment and monitoring points remained fully compliant with applicable regulatory standards.

We also continue our resource efficiency program through the reuse of operational by-products. In 2025, more than 5 million tons of slag and nearly 1 million tons of other by-product were reused for internal construction purposes, helping to reduce landfilling and release of pollutant to the environment.

We recognise that environmental performance may fluctuate in line with operational dynamics. However, our direction remains clear: to reduce emissions, improve efficiency, and move forward in a disciplined and measurable way toward responsible mining operation.

People, Safety, and Community Impacts

Our employees and contractors are the foundation of our success. We ensure that every individual is treated fairly, safely, and with dignity, in line with the human rights principles we uphold. As of the end of 2025, PTVI employed 2,985 people, with 83.3% being local employees from East Luwu, Morowali, and Kolaka. Women represented 12.09% of the workforce across all of our sites. In addition, from the total managerial position of 761, female occupies 17.21% of the population.

Safety is a non-negotiable priority. In 2025, we recorded zero work-related fatalities, reflecting our continued commitment to protecting the health and safety of everyone working at our sites. Throughout the year, a total of 17,947 employees and contractors received medical check-ups as part of our

ongoing efforts to promote health, early detection, and overall well-being, surpassing our plan. These programs are complemented by regular safety training, risk assessments, and awareness initiatives to ensure that all workers are equipped to perform their jobs safely.

We also continue to strengthen workforce readiness through capability development, delivering more than 70,000 training hours throughout the year. These efforts support both individual growth and organizational readiness in a changing environment.

Beyond our operations, our community development and empowerment investment reached US$4.73 million in 2025, an increase of approximately 18.35% compared to the previous year. These programs focus on education, local economic development, infrastructure, and access to essential services across our operational areas.

Through these efforts, we continue to build relationships grounded in trust, openness, and long-term responsibility.

Appreciation and Looking Ahead

I extend my sincere appreciation to our employees, business partners, government stakeholders, shareholders, and communities for their continued trust and collaboration. The resilience we demonstrated this year was the result of collective effort, shared responsibility, and a common commitment to long-term value creation.

As we look ahead, we recognize that the operating environment will continue to evolve, shaped by market uncertainty and the accelerating energy transition. In navigating this landscape, or focus will remain on disciplined execution, responsible growth, and measurable progress in sustainability and ESG performance.

Integrity will continue to guide how we lead, allocate capital, manage risk, and create lasting value for our stakeholders. The lessons we learned this year, particularly from the challenges we faced, will continue to shape how we move forward.

We believe sustainability is not a commitment expressed once a year, but a responsibility we renew through our actions every day.

Thank you for walking this journey with us.

Jakarta, 30 April 2026 Bernardus Irmanto

President Director

PT Vale Indonesia Tbk

15 Sustainability Report 2025

Message from the Board of Commissioners

2025 was a defining year for PTVI, testing not only our operational resilience but also the strength of our governance framework and the discipline behind our strategic decision-making.

We operated amid continued market volatility, evolving regulatory developments, and rising expectations regarding environmental and social responsibility. In this context, governance is not merely a formal structure-it is the foundation that ensures discipline in decision-making, strengthens accountability, and safeguards long-term value. Throughout the year, PTVI underwent significant structural and strategic developments. Organizational changes, the advancement of strategic projects, and the strengthening of sustainability oversight required greater clarity in roles and stronger accountability. During periods of change, careful supervision becomes increasingly critical. The role of the Board of Commissioners is to ensure that all decisions remain aligned with PTVI's values, risk appetite, and long-term direction.

The year also marked an important phase of leadership renewal, with the appointment of a new President Commissioner and a new President Director and Chief Executive Officer, alongside other changes in the composition of both the Board of Commissioners and the Board of Directors.

alongside a deep understanding of Indonesia's regulatory and stakeholder landscape.

The 2025 composition of the Board of Commissioners also reflects greater diversity of perspectives, with women representing 50% of its members. Inclusive leadership at the highest level signals the Company's values and direction, and we remain committed to strengthening diversity within PTVI's governance structures.

On sustainability and ESG matters, the Board of Commissioners is well-positioned to provide effective oversight, with expertise spanning ESG strategy, stakeholder engagement, human rights, and the implementation of international standards alongside Indonesia's national agenda on energy transition and sustainable investment.

Overall, the Board of Commissioners provides a strong foundation for overseeing the Company's ESG commitments, ensuring that sustainability remains a core part of PTVI's long-term strategy.

Jakarta, 30 April 2026

F. S. Multhazar

President Commissioner

The Board of Commissioners brings together a diverse range of backgrounds, experience, and perspectives that strengthen the Company's approach to governance and sustainability. Its composition reflects a multi-stakeholder ownership structure, while ensuring that global best practices are considered

F. S. Multhazar President Commissioner PT. Vale Indonesia Tbk

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Sustainability Report 2025

Signatures of Directors and Commissioners

We, the undersigned, declare that all information in the 2025 Sustainability Report of PT Vale Indonesia Tbk has been presented in full, and we are fully responsible for the accuracy of the contents of the report in accordance with POJK 51/POJK.03/2017. This statement is made truthfully.

Board of Directors*

Bernardus Irmanto

President Director

Abu Ashar

Vice President Director

Heriyanto Agung Putra

Director

Budiawansyah

Director

Rizky Andhika Putra

Director

Slamet Sugiharto

Director

Muhammad Asril

Director

167

Sustainability Report 2025

Board of Commissioners*

F. S. Multhazar

President Commissioner

Christopher McCleave

Commissioner

Shiro Imai

Commissioner

Marita Alisjahbana

Independent Commissioner

Emily Olson**

Vice President Commissioner

M Jasman Panjaitan

Commissioner

Rudiantara

Notes:

×The composition of the Company's Board of Directors and Board of Commissioners is based on the resolution of the Company's Extraordinary General Meeting of Shareholders held in September 2025.

×× The BOC member who served during the 2025 financial year but has effectively resign as of April 2026 with the resignation subject to approval at the upcoming Annual General Meeting of Shareholders to be held on June 2, 2026.

Independent Commissioner

Kristina Gauthier

Commissioner

Katherine Angela Oendoen

Commissioner

Retno L.P. Marsudi

Independent Commissioner

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Sustainability Report 2025

About PTVI

Sustainability Report 2025

19 Sustainability Report 2025

Company Profile and Main Business Activities[GRI 2-6] [POJK51-C.4]

Our company marked its presence in Indonesia in 1968 with the establishment of PT International Nickel Indonesia (INCO), before adopting the name PT Vale Indonesia Tbk in 2011. We have since grown into one of Indonesia's leading processed nickel producers, contributing to the nation's down streaming efforts long before they became a national agenda, with more than half a century of experience since commencing processing plants in 1977. PTVI has also built a lasting legacy from the very beginning as a pioneer of renewable energy-based processing within the national nickel industry, relying on hydroelectric power plants as its primary energy source at our Sorowako mine. Over the decades, we have continued to advance responsible and sustainable production, efforts that we are proud to highlight throughout this report.

Our operations have been carried out under the trust granted by the Government of Indonesia through a Contract of Work (CoW) with a 30-year concession period since the commencement of our operations. The contract was extended in 1996 and subsequently transitioned into a Special Mining Business License (Izin Usaha Pertambangan Khusus, or IUPK) in 2025, valid through 2035 with the possibility of further extension. In parallel with this regulatory transition, we are progressing the development of our Indonesia Growth Project (IGP), IGP Pomalaa,IGP Morowali, and Sorowako Limonite projects. The IGP projects are at an early stage of mine development.

Several business activities remain consistent with last year, namely mining nickel ore, processing the ore into nickel in matte, and selling the produced nickel matte. Accordingly, our main product is nickel matte, which is supplied to Vale Canada Limited (VCL) and Sumitomo Metal Mining Co., Ltd. (SMM). In

addition to these core operations, PTVI also engages in supporting activities such as transportation, electricity procurement, real estate management, wastewater treatment, waste management and recycling, as well as remediation activities.[GRI 2-6] [POJK51-C.4]

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