ANTAM REMAINS PROFITABLE IN FIRST HALF 2012 IN THE MIDST OF VOLATILITY IN GLOBAL ECONOMIC CONDITIONS. Cost Reduction Plan Tops List of Priorities

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1 PT ANTAM (Persero) Tbk ANTAM REMAINS PROFITABLE IN FIRST HALF 2012 IN THE MIDST OF VOLATILITY IN GLOBAL ECONOMIC CONDITIONS Cost Reduction Plan Tops List of Priorities Antam s Growth Projects Remain On Track; Construction of Tayan CGA Plant Reaches 83% For Immediate Release Jakarta, August 31, 2012 PT ANTAM (Persero) Tbk. (ASX - ATM; IDX ANTM; Antam) announces today consolidated income (for the period attributable to owners of the parent) of Rp476 billion and earnings per share (EPS) of Rp49.97 for the first half of Antam remained profitable in the midst of volatility in global commodity prices. Antam s President Director Alwinsyah Lubis said: We remained profitable in first half of 2012 despite volatility in global commodity prices. We have put cost reduction as our top priority. We expect to save Rp8 billion in expenses up until July this year through various efficiency measures. Despite market volatility we are determined to continue construction of our main projects during this period. Construction of the Tayan CGA Project has reached 83% with construction of the East Halmahera Ferronickel project reaching 25%. Revenue for the six months ending June 30 th, 2012 amounted to Rp4.5 trillion as Antam posted higher sales of gold and nickel ore. Gold contributed 41% of Antam s sales in first half of During the first semester of 2012, Antam also received a 39% higher dividend payment from its joint venture, PT Nusa Halmahera Minerals amounting to Rp238 billion. FOR FURTHER INFORMATION PLEASE CONTACT: Ir. Tedy Badrujaman, MM (Corporate Secretary) Tel : (6221) Fax : (6221) corsec@antam.com Website: As of June 30, 2012, Antam s cash and cash equivalents of Rp5.2 trillion consisted mainly of cash in banks and time deposits with several national and international banks. As of June 30, 2012, interest bearing liabilities, in the form of Rupiah denominated bonds, amounted to Rp3 trillion. Antam s liquidity remained solid with current ratio of 4.9x as of June 30, Antam also remained strong in its financial structure in the midst of commodity prices volatility with interest bearing debt to equity ratio of 29%. In view of its healthy financial structure, Antam adheres to prudent and conservative financial philosophy. As of end of July 2012, construction of Antam s key projects, the Tayan Chemical Grade Alumina (CGA), the East Halmahera Ferro- 1

2 PT ANTAM (Persero) Tbk nickel, and the Modernisation -Optimisation of Pomalaa Ferronickel Smelters, which includes the development of Coal Fired Power Plant, were on track and on schedule. As at the end of July 2012, construction of Tayan CGA project reached 83%, with construction of the East Halmahera Ferronickel project, and the MOP-PP project reached 25% and 22%, respectively. As construction on these projects have started, Antam expects at least the Tayan CGA project can start operations in 2014 following commissioning period in Antam currently also develops two other main projects: the Mempawah Smelter Grade Alumina (SGA) project and the Mandiodo Nickel Pig Iron project. Both projects are currently under completion of feasibility study and basic design stage. ### 2

3 LAPORAN POSISI KEUANGAN INTERIM KONSOLIDASIAN 30 Juni 2012 (tidak diaudit), 31 Desember 2011 (diaudit) dan 1 Januari 2011/31 Desember 2010 (diaudit) FINANCIAL POSITION June 30, 2012 (unaudited), December 31, 2011 (audited) and January 1, 2011/December 31, 2010 (audited) 1 Januari 2011/ 30 Juni/ 31 Desember/ 31 Desember 2010/ Catatan/ June 30, December 31, January 1, 2011/ Notes December 31, 2010 ASET ASSETS ASET LANCAR CURRENT ASSETS 2a,2f,2l, Kas dan setara kas 4,33,39, Cash and cash equivalents Piutang usaha - pihak ketiga (setelah dikurangi penyisihan Trade receivables - third penurunan nilai sebesar parties (net of provision for Rp pada tahun 2012, impairment losses of Rp pada tahun 2011 Rp2,568,816 in 2012, dan Rp pada tahun Rp14,072,046 in ) 2f,2g,5,39, and Rp13,453,274 in 2010) Piutang lain-lain (setelah dikurangi penyisihan penurunan Other receivables (net of nilai sebesar Rp pada provision for impairment losses tahun 2012 dan 2011 of Rp5,521,534 in 2012 dan Rp pada tahun and 2011 and Rp29,434, ) 2f,6,39, in 2010) Persediaan (setelah dikurangi penyisihan persediaan Inventories (net of allowance for usang sebesar Rp pada obsolescence of Rp4,367,767 in tahun 2012 dan 2011 dan 2012 and 2011 and Rp pada tahun 2010) 2h, Rp6,614,713 in 2010) Pajak dibayar di muka 2r,20a Prepaid taxes Biaya dibayar di muka Prepaid expenses Aset lancar lain-lain Other current assets Jumlah Aset Lancar Total Current Assets 1

4 LAPORAN POSISI KEUANGAN INTERIM KONSOLIDASIAN (lanjutan) 30 Juni 2012 (tidak diaudit), 31 Desember 2011 (diaudit) dan 1 Januari 2011/31 Desember 2010 (diaudit) FINANCIAL POSITION (continued) June 30, 2012 (unaudited), December 31, 2011 (audited) and January 1, 2011/December 31, 2010 (audited) 1 Januari 2011/ 30 Juni/ 31 Desember/ 31 Desember 2010/ Catatan/ June 30, December 31, January 1, 2011/ Notes December 31, 2010 ASET TIDAK LANCAR NON-CURRENT ASSETS 2f,2l Kas yang dibatasi penggunaannya 10,33,39, Restricted cash Investasi pada aset keuangan Investment in available-for-sale tersedia untuk dijual 2f,11,39, financial asset Investasi pada entitas asosiasi - Investments in associates - bersih 2e, net Investasi pada entitas Investment in jointly pengendalian bersama - bersih 1c, controlled entity - net Aset tetap (setelah dikurangi akumulasi penyusutan sebesar Property, plant and equipment Rp pada tahun 2012, (net of accumulated depreciation Rp pada tahun of Rp4,175,796,422 in 2012, 2011 dan Rp pada Rp3,926,560,427 in 2011, tahun 2010, dan akumulasi and Rp3,393,066,724 in 2010, penurunan nilai sebesar and accumulated impairment loss Rp pada tahun 2012 of Rp71,778,258 in 2012 and dan 2011 dan Rp and Rp91,125,100 pada tahun 2010) 2i, in 2010) Properti pertambangan (setelah dikurangi akumulasi amortisasi sebesar Rp pada tahun 2012, Mining properties Rp pada tahun 2011 (net of accumulated amortization dan Rp pada tahun of Rp221,677,283 in 2012, 2010, dan akumulasi penurunan Rp196,263,827 in 2011 and nilai sebesar Rp Rp152,512,903 in 2010, and pada tahun 2012 dan 2011 accumulated impairment loss of dan Rp pada Rp203,022,425 in 2012 and 2011 tahun 2010) 2n, and Rp245,797,357 in 2010) Aset eksplorasi dan evaluasi (setelah dikurangi akumulasi Exploration and evaluation assets penurunan nilai sebesar (net of accumulated impairment Rp ) 2n, loss of Rp95,657,105) Biaya tangguhan (setelah dikurangi akumulasi amortisasi sebesar Rp pada Deferred charges (net of tahun 2012, Rp accumulated amortization of pada tahun 2011 dan Rp90,959,157 in 2012, Rp pada tahun Rp88,432,630 in 2011 and 2010) 2m, Rp80,235,941 in 2010) Taksiran tagihan pajak penghasilan 2r,20c Estimated claims for tax refund Goodwill 2k,2w, Goodwill Aset pajak tangguhan - bersih 2r,20d Deferred tax assets - net Biaya pengelolaan dan Deferred environmental reklamasi lingkungan and reclamation hidup tangguhan expenditures Aset tidak lancar lainnya 2f,17,39, Other non-current assets Jumlah Aset Tidak Lancar Total Non-current Assets JUMLAH ASET TOTAL ASSETS 2

5 LAPORAN POSISI KEUANGAN INTERIM KONSOLIDASIAN (lanjutan) 30 Juni 2012 (tidak diaudit), 31 Desember 2011 (diaudit) dan 1 Januari 2011/31 Desember 2010 (diaudit) FINANCIAL POSITION (continued) June 30, 2012 (unaudited), December 31, 2011 (audited) and January 1, 2011/December 31, 2010 (audited) 1 Januari 2011/ 30 Juni/ 31 Desember/ 31 Desember 2010/ Catatan/ June 30, December 31, January 1, 2011/ Notes December 31, 2010 LIABILITAS DAN EKUITAS LIABILITIES AND STOCKHOLDERS EQUITY LIABILITAS JANGKA PENDEK CURRENT LIABILITIES Hutang usaha Trade payables Pihak ketiga 2f,18, Third parties 2f,2l,18, Pihak-pihak berelasi 33, Related parties Biaya masih harus dibayar 2f,19, Accrued expenses Hutang pajak 2r,20b Taxes payable Hutang dividen Dividend payable Uang muka pelanggan Advances from customers Pinjaman bank jangka pendek 2f,21a, Short-term bank loan Bagian liabilitas jangka panjang yang jatuh Current maturities tempo dalam satu tahun of long-term liabilities Pinjaman bank 2f, Bank loans Penyisihan untuk pengelolaan dan reklamasi lingkungan 2f,2o,12, Provision for environmental hidup 23, and reclamation costs Hutang lain-lain 2f,21, Other payables Jumlah Liabilitas Jangka Pendek Total Current Liabilities LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES Liabilitas jangka panjang - setelah dikurangi bagian yang jatuh tempo Long-term liabilities - net dalam satu tahun of current maturities Penyisihan untuk pengelolaan dan reklamasi lingkungan 2f,2o, Provision for environmental hidup 12,23, and reclamation costs Hutang obligasi 2f,22, Bonds payable Kewajiban pensiun dan Pension and other imbalan pasca-kerja lainnya 2s,2t,2u, post-retirement obligations Liabilitas tidak lancar lainnya Other non-current liabilities Jumlah Liabilitas Jangka Panjang Total Non-current Liabilities 3

6 LAPORAN POSISI KEUANGAN INTERIM KONSOLIDASIAN (lanjutan) 30 Juni 2012 (tidak diaudit), 31 Desember 2011 (diaudit) dan 1 Januari 2011/31 Desember 2010 (diaudit) FINANCIAL POSITION (continued) June 30, 2012 (unaudited), December 31, 2011 (audited) and January 1, 2011/December 31, 2010 (audited) 1 Januari 2011/ 30 Juni/ 31 Desember/ 31 Desember 2010/ Catatan/ June 30, December 31, January 1, 2011/ Notes December 31, 2010 EKUITAS STOCKHOLDERS EQUITY EKUITAS YANG DAPAT EQUITY ATTRIBUTABLE DIATRIBUSIKAN KEPADA TO OWNERS OF PEMILIK ENTITAS INDUK THE PARENT Modal saham Share capital Modal dasar - Authorized capital - 1 saham preferen 1 preferred series A seri A Dwiwarna dan Dwiwarna share and 37,999,999,999 saham biasa seri B series B ordinary shares Modal ditempatkan dan Issued and fully paid disetor penuh - 1 saham capital - 1 preferred preferen seri A series A Dwiwarna share Dwiwarna dan and 9,538,459,749 saham biasa seri B dengan series B ordinary shares nilai nominal Rp100 with par value of Rp100 (rupiah penuh) per saham (full amount) per share Tambahan modal disetor - bersih 2v, Additional paid-in capital - net Komponen ekuitas lainnya: Other equity components: Selisih kurs karena penjabaran Difference in foreign laporan keuangan currency translation Difference arising from Selisih transaksi restructuring restrukturisasi entitas transactions of entities sepengendali 1c,2q under common control Saldo laba Retained earnings Yang telah ditentukan penggunaannya Appropriated Yang belum ditentukan penggunaannya Unappropriated Saham diperoleh kembali 2y,24 ( ) ( ) ( ) Treasury stock Jumlah Ekuitas yang Dapat Diatribusikan kepada Net Equity Attributable to Pemilik Entitas Induk Owners of the Parent KEPENTINGAN NON- NON-CONTROLLING PENGENDALI 2b INTERESTS TOTAL STOCKHOLDERS JUMLAH EKUITAS EQUITY JUMLAH LIABILITAS TOTAL LIABILITIES AND DAN EKUITAS STOCKHOLDERS EQUITY 4

7 LAPORAN LABA RUGI KOMPREHENSIF INTERIM KONSOLIDASIAN Enam Bulan Yang Berakhir Pada Tanggal-tanggal 30 Juni 2012 (tidak diaudit) dan 2011 (diaudit) COMPREHENSIVE INCOME Six Months Ended June 30, 2012 (unaudited) and 2011 (audited) Catatan/ 2012 Notes 2011 PENJUALAN BERSIH l,2p,27, NET SALES 2j,2k,2l,2o,2p, 2s,2t,2u BEBAN POKOK PENJUALAN ,30,32, COST OF GOODS SOLD LABA KOTOR GROSS PROFIT BEBAN USAHA OPERATING EXPENSES 2j,2k,2l,2p,2s,2t, Umum dan administrasi u,29,30,32, General and administrative Penjualan dan pemasaran Selling and marketing Eksplorasi Exploration Jumlah Beban Usaha Total Operating Expenses LABA USAHA OPERATING INCOME PENGHASILAN (BEBAN) OTHER INCOME LAIN-LAIN (EXPENSES) Dividen Dividend Laba (rugi) Gain (loss) selisih kurs - bersih d,31 ( ) on foreign exchange - net Penghasilan bunga Interest income Bagian laba (rugi) bersih Equity in net income (loss) of entitas asosiasi associates and dan pengendalian bersama e,11 ( ) jointly controlled entity Beban bunga ( ) 21,22 ( ) Interest expense Lain-lain - bersih ( ) Others - net Penghasilan Lain-lain - Bersih Other Income - Net LABA SEBELUM PAJAK PENGHASILAN INCOME BEFORE INCOME TAX 5

8 LAPORAN LABA RUGI KOMPREHENSIF INTERIM KONSOLIDASIAN (lanjutan) Enam Bulan Yang Berakhir Pada Tanggal-tanggal 30 Juni 2012 (tidak diaudit) dan 2011 (diaudit) COMPREHENSIVE INCOME (continued) Six Months Ended June 30, 2012 (unaudited) and 2011 (audited) Catatan/ 2012 Notes 2011 BEBAN PAJAK PENGHASILAN 2r,20c INCOME TAX EXPENSE Kini Current Tangguhan Deferred BEBAN PAJAK TOTAL PENGHASILAN INCOME TAX EXPENSE LABA PERIODE BERJALAN INCOME FOR THE PERIOD PENDAPATAN OTHER KOMPREHENSIF LAIN COMPREHENSIVE INCOME Selisih kurs karena penjabaran Difference in foreign currency laporan keuangan ( ) 2d translation JUMLAH PENDAPATAN TOTAL KOMPREHENSIF COMPREHENSIVE INCOME PERIODE BERJALAN FOR THE PERIOD LABA PERIODE BERJALAN YANG INCOME FOR THE PERIOD DAPAT DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO: Pemilik entitas induk Owners of the parent Kepentingan non-pengendali Non-controlling interests JUMLAH TOTAL PENDAPATAN KOMPREHENSIF COMPREHENSIVE INCOME PERIODE BERJALAN YANG DAPAT FOR THE PERIOD DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO: Pemilik entitas induk Owners of the parent Kepentingan non-pengendali Non-controlling interests LABA BERSIH PER BASIC EARNINGS SAHAM DASAR (Rupiah penuh) 49,97 2x,34 107,48 PER SHARE (Full amount) 6

9 LAPORAN PERUBAHAN EKUITAS INTERIM KONSOLIDASIAN Enam Bulan Yang Berakhir Pada Tanggal-tanggal 30 Juni 2012 (tidak diaudit) dan 2011 (diaudit) (Disajikan dalam ribuan rupiah) CHANGES IN STOCKHOLDERS EQUITY Six Months Ended June 30, 2012 (unaudited) and 2011 (audited) (Expressed in thousands of rupiah) Yang dapat diatribusikan kepada pemilik entitas induk/attributable to owners of the parent Selisih transaksi restrukturisasi Selisih kurs karena penjabaran entitas Modal ditempatkan Tambahan laporan sepengendali/ dan disetor modal disetor - keuangan/ Difference arising Saldo laba/retained earnings penuh/ bersih/ Difference in from restructuring Issued and Additional foreign transactions of telah Yang belum Yang Catatan/ fully paid paid-in currency entities under ditentukan penggunaannya/ ditentukan penggunaannya/ Saham diperoleh kembali/ Jumlah/ Kepentingan non-pengendali/ Jumlah ekuitas/ Notes share capital capital - net translation common control Appropriated Unappropriated Treasury stock Total Non-controlling interests Total stockholders equity Saldo tanggal 1 Januari ( ) Balance, January 1, 2011 Selisih kurs karena penjabaran laporan keuangan Difference in foreign currency translation Cadangan umum ( ) Appropriation for general reserve Pembagian dividen ( ) - ( ) - ( ) Distribution of dividend Alokasi untuk program kemitraan Allocation for partnership and dan bina lingkungan ( ) - ( ) - ( ) community development program Laba periode berjalan Income for the period Saldo tanggal 30 Juni ( ) Balance, June 30, 2011 Saldo tanggal 1 Januari ( ) Balance, January 1, 2012 Selisih kurs karena penjabaran laporan keuangan - - ( ) ( ) - ( ) Difference in foreign currency translation Cadangan umum ( ) Appropriation for general reserve Hasil dari saham yang diperoleh kembali Proceeds from treasury stock Pembagian dividen ( ) - ( ) - ( ) Distribution of dividend Alokasi untuk program kemitraan Allocation for partnership and dan bina lingkungan ( ) - ( ) - ( ) community development program Laba periode berjalan Income for the period Saldo tanggal 30 Juni ( ) Balance, June 30,

10 The original interim consolidated financial statements included herein are in LAPORAN ARUS KAS INTERIM KONSOLIDASIAN Enam Bulan Yang Berakhir Pada Tanggal-tanggal 30 Juni 2012 (tidak diaudit) dan 2011 (diaudit) (Disajikan dalam ribuan rupiah) CASH FLOWS Six Months Ended June 30, 2012 (unaudited) and 2011 (audited) (Expressed in thousands of rupiah) Catatan/ 2012 Notes 2011 ARUS KAS DARI AKTIVITAS CASH FLOWS FROM OPERASI OPERATING ACTIVITIES Penerimaan kas dari pelanggan Cash receipts from customers Penerimaan bunga Cash receipts from interest income Penerimaan kas dari restitusi pajak e Cash receipts from tax restitution Pembayaran kepada pemasok ( ) ( ) Payments to suppliers Pembayaran kepada komisaris, Payments to commissioners, direksi dan karyawan ( ) ( ) directors and employees Pembayaran pajak ( ) ( ) Payments of tax Pembayaran bunga ( ) ( ) Payments of interest Penurunan kas yang dibatasi penggunaannya ( ) ( ) Decrease in restricted cash Penerimaan (pembayaran) lain-lain - bersih ( ) Other receipts (payments) - net Kas Bersih yang Diperoleh dari Net Cash Provided by Aktivitas Operasi Operating Activities ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTASI INVESTING ACTIVITIES Penghasilan dividen Dividend income Acquisitions of property, plant Perolehan aset tetap ( ) 12 ( ) and equipment Pengeluaran biaya eksplorasi Disbursements for exploration and dan evaluasi ( ) 14 ( ) evaluation expenditures Pengeluaran Disbursements for properti pertambangan ( ) 13 ( ) mining properties Perolehan investasi pada Acquisition of investment entitas pengendalian bersama - 11 ( ) in jointly controlled entity Perolehan investasi pada Acquisitions of investments entitas asosiasi - 11 ( ) in associates Kas Bersih yang Digunakan untuk Net Cash Used in Aktivitas Investasi ( ) ( ) Investing Activities ARUS KAS DARI AKTIVITAS CASH FLOWS FROM PENDANAAN FINANCING ACTIVITIES Penerimaan pinjaman bank Proceeds from bank loans Payment of allocation for Pembayaran untuk alokasi partnership and program kemitraan dan bina community development lingkungan ( ) 26 - program Pembayaran pinjaman bank ( ) ( ) Repayment of bank loans Kas Bersih yang Digunakan untuk Net Cash Used in Aktivitas Pendanaan ( ) ( ) Financing Activities 8

11 The original interim consolidated financial statements included herein are in LAPORAN ARUS KAS INTERIM KONSOLIDASIAN (lanjutan) Enam Bulan Yang Berakhir Pada Tanggal-tanggal 30 Juni 2012 (tidak diaudit) dan 2011 (diaudit) (Disajikan dalam ribuan rupiah) CASH FLOWS (continued) Six Months Ended June 30, 2012 (unaudited) and 2011 (audited) (Expressed in thousands of rupiah) Catatan/ 2012 Notes 2011 PENURUNAN BERSIH NET DECREASE IN KAS DAN SETARA KAS ( ) ( ) CASH AND CASH EQUIVALENTS EFFECT OF FOREIGN EXCHANGE RATE PENGARUH SELISIH KURS FLUCTUATION ON CASH KAS DAN SETARA KAS ( ) AND CASH EQUIVALENTS KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS AWAL PERIODE AT BEGINNING OF PERIOD KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS AKHIR PERIODE AT END OF PERIOD 9