PELINDO AND INA TO TRANSFORM BELAWAN PORT INTO INDONESIA'S

GATEWAY IN THE MALACCA STRAITS

Jakarta, 25 August 2022 – PT Pelabuhan Indonesia (Persero) / Pelindo and a consortium established
by Indonesia Investment Authority (INA) yesterday signed a cooperation agreement to manage the
Belawan New Container Terminal (BNCT) at the Ministry of State-Owned Enterprises office. Director
General of State Treasury of the Ministry of Finance, Hadiyanto, Vice Minister II of State-Owned
Enterprises, Kartika Wirjoatmodjo, and the Indonesian Ambassador to the United Arab Emirates
(UAE), H.E. Husin Bagis, were present to witness the signing ceremony of the cooperation agreement.

The agreement was signed by the President Director of Pelindo, Arif Suhartono, and the CEO of INA,
Ridha Wirakusumah. The cooperation agreement to manage BNCT aims to transform Belawan by
increasing terminal capacity, direct calls, and the connectivity of terminals and small ports with the
BNCT Terminal, as well as hinterland development.

Chairwoman of INA Supervisory Board, Minister of Finance Sri Mulyani Indrawati, stated, “I welcome
Pelindo's collaboration with the INA Consortium on Belawan Port as an initial milestone of INA's role
and contribution in this field. As an archipelagic country, improving inter-island connectivity, as a form
of structural transformation, through the development of efficient and modern ports is very
important.”

“INA was established as an alternative equity-based long-term financing for Indonesia's development,
especially in an effort to carry out various structural transformations to achieve Indonesia’s vision of
becoming an advanced economy. I hope that this collaboration can be carried out to completion,
continue further and have a snowball effect on other strategic initiatives,” added Minister Indrawati.

Vice Minister II of State-Owned Enterprises, Kartika Wirjoatmodjo, appreciated the Master

Agreement for the Investment Cooperation and Operation of Belawan New Container Terminal, “This
is an important milestone, not only for INA but also Pelindo and DP World as the investment partner
from the United Arab Emirates.”

“This is President Jokowi's effort to build a global connection and relationship, with the United Arab
Emirates in today’s context. We are close friends with the Emirates, which we hope will become our
investment and economic partner in various sectors and will continue to support the transportation,
infrastructure and investment in the future,” said Kartika.

Kartika hopes that the transactions in the agreement can be completed before end of the year. "The
most important thing in this important transaction is, of course, that all existing agreements are
properly spelled out with good governance and that in the future this cooperation will truly benefit
both parties. This will also achieve the goal of making Belawan a transportation and maritime hub in
the Southeast Asian region," he said.

Belawan Port is currently a feeder for other large ports in the vicinity (Port of Singapore, Tanjung
Pelepas and Port Klang in Malaysia).
Under the agreement, BNCT’s capacity will more than double to 1.4 million TEUs in the next six years,
up from 600,000 TEUs. The expansion will strengthen Belawan Port’s position as one of the main
gateways for logistics traffic in the Malacca Straits.

Arif Suhartono, President Director of Pelindo, said, “Among our post-merger targets is to support the
development of more coordinated port infrastructure, to strengthen maritime connectivity and
industrial downstreaming. Pelindo's collaboration with the INA consortium will accelerate the
development of the Belawan Port with international service standards, transforming the feeder port
into a gateway of northern Sumatera. This port will strengthen the competitiveness of Sumatra's main
products and gradually help reduce logistics costs."

To further realize the role of the Belawan Port as a logistic gateway to the Malacca Straits, the BNCT
will become a connection center for terminals and other small ports on the northern side of Sumatera.
BNCT will also modernize maritime infrastructure, including management efficiency with industrial
estates and truck traffic to/from ports.

The deal is part of a strategic alliance between INA and DP World to enhance Indonesia’s maritime
and port sectors. The partnership, worth up to $7.5 billion, aims to improve the operation of ports,
reduce logistics costs, and advance national competitiveness.

Ridha Wirakusumah, CEO of INA, expressed his optimism about the agreement. “The maritime and
ports sector has always been the key to the region’s economic development. Strengthening Belawan
Port as a maritime gateway will have a positive chain effect on the economic development of
Sumatera Island. The more connectivity there is, the more support it will get so that our world-class
products can compete globally. Cooperation with Pelindo and DP World will also enable us to resolve
various obstacles, such as high logistics costs and inefficiencies. After a rigorous selection process, we
are pleased to work with DP World as an international strategic partner. This partnership will help
accelerate the creation of a high-quality marine logistics network and add value for Indonesia,
investors and BNCT employees.”

As a leading provider of smart, end-to-end logistics solutions, DP World will introduce its global best
practices in container terminal operations to Indonesia.

Glen Hilton, CEO & Managing Director Asia Pacific at DP World said, “We are proud to help Indonesia
expand Belawan Port and support its ambitions to develop the economy of Sumatera through
infrastructure. By investing in cutting-edge sustainable technologies, world-class training and the
highest standards of health and safety, we aim to eliminate inefficiency and enable the flow of trade
between Indonesia and the world.”

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About Pelindo
State-owned PT Pelabuhan Indonesia (Persero) or Pelindo is the largest port operator in Indonesia.
Pelindo carries the vision of becoming a world-class integrated leader in the maritime ecosystem, and
the mission of realizing a national maritime ecosystem network through the increment of network
connectivity and service integration, to support Indonesian economic growth.

For more information, please visit www.pelindo.co.id.

About Indonesia Investment Authority (INA)

The Indonesia Investment Authority is Indonesia’s sovereign wealth fund, mandated to increase
investment to support the country’s sustainable development and build wealth for its future
generations. INA conducts investment activities and collaborates with leading global and domestic
investment institutions in sectors that strengthen Indonesia's advantages and provide optimal returns.

For more information, please visit www.ina.go.id.

About DP World
We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow
of trade across the globe. Our comprehensive range of products and services covers every link of the
integrated supply chain – from maritime and inland terminals to marine services and industrial parks
as well as technology-driven customer solutions.

We deliver these services through an interconnected global network of 295 business units in 78
countries across six continents, with a significant presence both in high-growth and mature markets.

For more information, please visit:

www.dpworld.com.

Media Contact
PT Pelabuhan Indonesia (Persero) Indonesia Investment Authority (INA)
Ali Mulyono Masyita Crystallin
Corporate Secretary Spokesperson
corp_sec@pelindo.co.id masyita.crystallin@ina.go.id
+62 21 4301080 +62 21 3970 9090