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Increase in Equity Participation in Subsidiary

To support the business development of DMGE and DMGP in the geothermal energy utilization sector, on November 27, 2023, the Company, through PMS, increased its equity participation in DMGE by subscribing to all new shares issued by DMGE of 165,912 shares with a nominal value of Rp165,912,000,000 (“Transaction”).

This Transaction is expected to support the Company's strategic plan in exploring the NRE business and strengthen DMGE’s capital to support DMGP in conducting preliminary studies and exploration to develop the geothermal energy utilization business.