STOCKPILE SAMPLING AND ANALYSIS REPORT

SGS Reference: 241/IN/MI/ID/VI/13

Vessel or Sample ID:
Location:
Cargo:
Tonnage: Not Relevant
Bill of Lading Date:
Sampling Commenced:
Sampling Completed:
Pit Sampling & Stockpile Sampling PT BEI Date Issued : 2 July 2013
Kuto Buayo, Jambi
Coal Principal: PT. Bangun Energy Indonesia
8 Address: Menara Palma Lt. 5 Unit 501
Jl. HR Rasuna Said Blok X-2 Kav 6
22 June 2013 City, State, Postal: Jakarta 12960
23 June 2013 Country:
Attention: Mr. Sunil Mirpuri

Methods: Analysis performed on a Stockpile Sample. Analysis performed in accordance with ASTM Standards or other
International Standards stipulated on the Methods Page . NOTE: Results reported are indicative only and cannot be
considered as representative of total quantity of material contained in the Stockpile

Sampling: MANUAL SAMPLING: Sampling from STATIONARY LARGE LOTS (Static Stockpiles). The method of manual
sampling was agreed to with the SGS Principal, as sampling by more reliable methods that provide probability
samples was not possible. Manual sampling was performed under protocols stipulated in ASTM Standards. Fixed
mass increments were collected from a pre-defined sampling grid, from the freshly exposed surface. When analyzed
these test samples provide only indicative test results. Stationary Sampling. Increments collected systematically.
Method of Sampling as per ASTM D2234 Condition II-D-1 / D6883.

The Holder of this document is cautioned that collected MANUAL samples of this type do not satisfy the minimum
requirements for probability sampling, and as such cannot be used to draw statistical inferences such as precision,
standard error, or bias. The samples collected have an indicative value but cannot be deemed representative of the
whole consignment.

SAMPLING METHOD / CONDITION OF SAMPLES:

Channel Sampling performed according to ASTM D4596-99.

Manual Sampling as per ASTM D2234 Condition II-D-1 / D6883.

Please refer to each sampling limitation in the Stockpile Sampling Report.

CONDITION OF CARGO / WEATHER REPORT:

Cargo condition to be dry and color outer surfaces is grayish while freshly exposed inner layers were brown to black.

No rain recorded during sampling.

Analysis marked with:- * denotes Non Accredited analysis; with a ** denotes analysis performed by a Third Party Laboratory
As-Received As- Dry Basis Dry Ash
Basis (ar) Determined (db) Free Basis
Basis (ad) (daf)

Proximate Analysis Moisture % 42.80 14.00 ----- -----

Ash % 2.14 3.21 3.73 -----
ASTM Volatile Matter % 28.42 42.73 49.69 51.61
Fixed Carbon (calculation by difference) % 26.64 40.06 46.58 48.39
Total Sulphur % 0.07 0.10 0.12 0.12

Gross Calorific Value kcal/kg 3657 5499 6394 6642

Hardgrove Grindability Index 56

Signed and dated For and on behalf of

Jakarta PT. SGS Indonesia
2 July 2013

PT. SGS Indonesia Minerals Services Sentra Industri Terpadu blok E2 no. 28 Pantai Indah Kapuk
t +62 21 5698 2898 f +62 21 5698 2899 www.sgs.com
Member of SGS Group

This document is issued by the Company under its General Conditions of Service accessible at following Link. www.sgs.com/terms_and_conditions.htm
Attention is drawn to the limitation of liability, indemnification and jurisdictional issues defined therein.

Any holder of this document is advised that information contained herein reflects the Company’s findings at the time of its intervention only and within the limits of
Client’s instructions, if any. The Company’s sole responsibility is to its Client and this document does not exonerate parties to a transaction from exercising all
their rights and obligations under the transaction documents. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is
unlawful and offenders may be prosecuted to the fullest extent of the law.

1 of 4
 ANALYTICAL LOT REPORT

SGS Reference: 241/IN/MI/ID/VI/13

Vessel or ID: Pit Sampling & Stockpile Sampling PT BEI Date Issued : 2 July 2013
Location (Port): Kuto Buayo, Jambi
Cargo: Coal Principal: PT. Bangun Energy Indonesia
Tonnage: Not Relevant (AR Basis) 8 Address: Menara Palma Lt. 5 Unit 501
Bill of Lading Date: Jl. HR Rasuna Said Blok X-2 Kav 6
Sampling Commenced: 22 June 2013 City, State, Postal: Jakarta 12960
Sampling Completed: 23 June 2013 Country:
Attention: Mr. Sunil Mirpuri

AS RECEIVED BASIS (AR)

Hydrogen (excld.
Sub-lot Not Relevant Total Ash ASTM Volatile Fixed Total Total Carbon H in moisture) Total Nitrogen Gross
as-received basis Moisture Matter Carbon Sulfur CV
% % % % % % % % kcal/kg

Pit BEI - MCP - 1 1 44.26 1.19 27.83 26.72 0.08 - - - 3635

Pit BEI - MCP - 2 1 43.66 2.02 27.86 26.46 0.07 - - - 3649
Pit BEI - MCP - 3 1 43.47 2.07 27.24 27.22 0.06 - - - 3643
Pit BEI - TBU - 1 1 38.38 1.66 31.50 28.46 0.06 - - - 3839
Pit BEI - TBU - 2 1 44.03 1.68 28.04 26.25 0.06 - - - 3588
Pit BEI - TBU - 3 1 43.01 1.84 29.12 26.03 0.06 - - - 3640
Stock Pile BEI - RC 1 43.41 2.65 27.84 26.10 0.07 - - - 3649
Stock Pile BEI - RC/Port 1 42.18 3.96 27.91 25.95 0.06 - - - 3615

Sub Lot Weighted Average 8 42.80 2.14 28.42 26.64 0.07 - - - 3657

Hydrogen (excld.
H in moisture)

Not Relevant Total Ash ASTM Volatile Fixed Total Total Carbon Total Nitrogen Gross
as-received basis Moisture Matter Carbon Sulfur
% % % % % % % kcal/kg

AS RECEIVED BASIS (AR)

Composite Reported Average 8 42.80 2.14 28.42 26.64 0.07 - - - 3657

Methods: Analysis performed on a Stockpile Sample. Analysis performed in accordance with ASTM Standards or other
International Standards stipulated on the Methods Page . NOTE: Results reported are indicative only and cannot be
considered as representative of total quantity of material contained in the Stockpile

Sampling: MANUAL SAMPLING: Sampling from STATIONARY LARGE LOTS (Static Stockpiles). The method of manual The Holder of this document is cautioned that collected MANUAL
sampling was agreed to with the SGS Principal, as sampling by more reliable methods that provide probability samples of this type do not satisfy the minimum requirements for
samples was not possible. Manual sampling was performed under protocols stipulated in ASTM Standards. Fixed probability sampling, and as such cannot be used to draw
mass increments were collected from a pre-defined sampling grid, from the freshly exposed surface. When analyzed statistical inferences such as precision, standard error, or bias. The
these test samples provide only indicative test results. Stationary Sampling. Increments collected systematically. samples collected have an indicative value but cannot be deemed
Method of Sampling as per ASTM D2234 Condition II-D-1 / D6883. representative of the whole consignment.

Signed and dated For and on behalf of

Jakarta PT. SGS Indonesia
2 July 2013

PT. SGS Indonesia Minerals Services Sentra Industri Terpadu blok E2 no. 28 Pantai Indah Kapuk
t +62 21 5698 2898 f +62 21 5698 2899 www.sgs.com
Member of the SGS Group

This document is issued by the Company under its General Conditions of Service accessible at following Link. www.sgs.com/terms_and_conditions.htm Attention is drawn to the limitation of liability, indemnification and jurisdictional issues defined therein.
Any holder of this document is advised that information contained herein reflects the Company’s findings at the time of its intervention only and within the limits of Client’s instructions, if any. The Company’s sole responsibility is to its Client and this document does not
exonerate parties to a transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the
fullest extent of the law.

2 of 4
 ANALYTICAL LOT REPORT

SGS Reference: 241/IN/MI/ID/VI/13

Vessel or ID: Pit Sampling & Stockpile Sampling PT BEI Date Issued : 2 July 2013
Location (Port): Kuto Buayo, Jambi
Cargo: Coal Principal: PT. Bangun Energy Indonesia
Tonnage: Not Relevant (AD Basis) 5.321 Address: Menara Palma Lt. 5 Unit 501
Bill of Lading Date: Jl. HR Rasuna Said Blok X-2 Kav 6
Sampling Commenced: 22 June 2013 City, State, Postal: Jakarta 12960
Sampling Completed: 23 June 2013 Country:
Attention: Mr. Sunil Mirpuri

AS-DETERMINED (AD) DAF

Total
Sub-lot Not Relevant As-Determined Ash ASTM Volatile Fixed Total Total Carbon Hydrogen Total Nitrogen Gross DAF
converted to As-Deternined Moisture Matter Carbon Sulfur CV CV
moisture basis
% % % % % % % % kcal/kg kcal/kg

Pit BEI - MCP - 1 1 11.27 1.90 44.30 42.53 0.13 - - - 5787 6665
Pit BEI - MCP - 2 1 13.16 3.11 42.94 40.79 0.11 - - - 5624 6717
Pit BEI - MCP - 3 1 13.10 3.18 41.88 41.84 0.09 - - - 5600 6689
Pit BEI - TBU - 1 1 13.19 2.34 44.38 40.09 0.09 - - - 5409 6403
Pit BEI - TBU - 2 1 13.90 2.59 43.14 40.37 0.09 - - - 5519 6609
Pit BEI - TBU - 3 1 14.51 2.76 43.68 39.05 0.09 - - - 5461 6601
Stock Pile BEI - RC 1 14.62 4.00 42.01 39.37 0.11 - - - 5505 6765
Stock Pile BEI - RC/Port 1 17.86 5.63 39.65 36.86 0.09 - - - 5136 6713

Sub Lot Weighted Average 5 14.00 3.21 42.73 40.06 0.10 - - - 5499 6642

Total
Not Relevant As-Determined Ash ASTM Volatile Fixed Total Total Carbon Hydrogen Total Nitrogen Gross DAF
converted to As-Deternined Moisture Matter Carbon Sulfur CV CV
moisture basis
% % % % % % % % kcal/kg kcal/kg

AS-DETERMINED (AD)
Composite Reported Average 5 14.00 3.21 42.73 40.06 0.10 - - - 5499 6642

Methods: Analysis performed on a Stockpile Sample. Analysis performed in accordance with ASTM Standards or other International
Standards stipulated on the Methods Page . NOTE: Results reported are indicative only and cannot be considered as representative
of total quantity of material contained in the Stockpile

Sampling: MANUAL SAMPLING: Sampling from STATIONARY LARGE LOTS (Static Stockpiles). The method of manual sampling was The Holder of this document is cautioned that collected
agreed to with the SGS Principal, as sampling by more reliable methods that provide probability samples was not possible. Manual MANUAL samples of this type do not satisfy the minimum
sampling was performed under protocols stipulated in ASTM Standards. Fixed mass increments were collected from a pre-defined requirements for probability sampling, and as such cannot be
sampling grid, from the freshly exposed surface. When analyzed these test samples provide only indicative test results. Stationary used to draw statistical inferences such as precision, standard
Sampling. Increments collected systematically. Method of Sampling as per ASTM D2234 Condition II-D-1 / D6883. error, or bias. The samples collected have an indicative value
but cannot be deemed representative of the whole consignment.

Signed and dated For and on behalf of

Jakarta PT. SGS Indonesia

2 July 2013

PT. SGS Indonesia Minerals Services Sentra Industri Terpadu blok E2 no. 28 Pantai Indah Kapuk
t +62 21 5698 2898 f +62 21 5698 2899 www.sgs.com
Member of SGS Group

This document is issued by the Company under its General Conditions of Service accessible at following Link. www.sgs.com/terms_and_conditions.htm Attention is drawn to the limitation of liability, indemnification and jurisdictional issues defined therein.

Any holder of this document is advised that information contained herein reflects the Company’s findings at the time of its intervention only and within the limits of Client’s instructions, if any. The Company’s sole responsibility is to its Client and this document does not exonerate
parties to a transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

3 of 4
 ANALYTICAL LOT REPORT

SGS Reference: 241/IN/MI/ID/VI/13

Vessel or ID: Pit Sampling & Stockpile Sampling PT BEI Date Issued : 2 July 2013
Location (Port): Kuto Buayo, Jambi
Cargo: Coal Principal: PT. Bangun Energy Indonesia
Tonnage: Not Relevant (Dry Basis) 4.575 Address: Menara Palma Lt. 5 Unit 501
Bill of Lading Date: Jl. HR Rasuna Said Blok X-2 Kav 6
Sampling Commenced: 22 June 2013 City, State, Postal: Jakarta 12960
Sampling Completed: 23 June 2013 Country:
Attention: Mr. Sunil Mirpuri

DRY BASIS (DB)

Hydrogen
(excld. H in
Sub-lot Not Relevant Ash ASTM Volatile Fixed Total Total Carbon moisture) Total Nitrogen Gross
converted to Dry Basis Matter Carbon Sulfur CV
% % % % % % % kcal/kg

Pit BEI - MCP - 1 1 2.14 49.93 47.93 0.15 - - - 6522

Pit BEI - MCP - 2 1 3.58 49.45 46.97 0.13 - - - 6476
Pit BEI - MCP - 3 1 3.66 48.19 48.15 0.10 - - - 6444
Pit BEI - TBU - 1 1 2.70 51.12 46.18 0.10 - - - 6231
Pit BEI - TBU - 2 1 3.01 50.10 46.89 0.10 - - - 6410
Pit BEI - TBU - 3 1 3.23 51.09 45.68 0.11 - - - 6388
Stock Pile BEI - RC 1 4.68 49.20 46.12 0.13 - - - 6448
Stock Pile BEI - RC/Port 1 6.85 48.27 44.88 0.11 - - - 6253

Sub Lot Weighted Average 5 3.73 49.69 46.58 0.12 - - - 6394

Hydrogen
(excld. H in
moisture)
Not Relevant Ash ASTM Volatile Fixed Total Total Carbon Total Nitrogen Gross
converted to Dry Basis Matter Carbon Sulfur CV
% % % % % % % kcal/kg

DRY BASIS (DB)

Composite Reported Average 5 3.73 49.69 46.58 0.12 - - - 6394

Methods: Analysis performed on a Stockpile Sample. Analysis performed in accordance with ASTM Standards or other International
Standards stipulated on the Methods Page . NOTE: Results reported are indicative only and cannot be considered as
representative of total quantity of material contained in the Stockpile

Sampling: MANUAL SAMPLING: Sampling from STATIONARY LARGE LOTS (Static Stockpiles). The method of manual sampling The Holder of this document is
was agreed to with the SGS Principal, as sampling by more reliable methods that provide probability samples was not cautioned that collected
possible. Manual sampling was performed under protocols stipulated in ASTM Standards. Fixed mass increments were MANUAL samples of this type
collected from a pre-defined sampling grid, from the freshly exposed surface. When analyzed these test samples provide do not satisfy the minimum
only indicative test results. Stationary Sampling. Increments collected systematically. Method of Sampling as per ASTM requirements for probability
D2234 Condition II-D-1 / D6883. sampling, and as such cannot
be used to draw statistical
inferences such as precision,
standard error, or bias. The
samples collected have an
Signed and dated For and on behalf of

Jakarta PT. SGS Indonesia

2 July 2013

PT. SGS Indonesia Minerals Services Sentra Industri Terpadu blok E2 no. 28 Pantai Indah Kapuk
t +62 21 5698 2898 f +62 21 5698 2899 www.sgs.com
Member of SGS Group

This document is issued by the Company under its General Conditions of Service accessible at following Link. www.sgs.com/terms_and_conditions.htm Attention is drawn to the limitation of liability, indemnification and jurisdictional issues defined therein.

Any holder of this document is advised that information contained herein reflects the Company’s findings at the time of its intervention only and within the limits of Client’s instructions, if any. The Company’s sole responsibility is to its Client and this
document does not exonerate parties to a transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful and
offenders may be prosecuted to the fullest extent of the law.

4 of 4