PT Vale Indonesia Tbk : Announcement on Dividend Distribution 2022 PT Vale Indonesia Tbk

PT Vale Indonesia Tbk

ANNOUNCEMENT TO THE SHAREHOLDERS

ON DIVIDEND DISTRIBUTION

PT VALE INDONESIA TBK

Referring to the resolution of the Annual General Meeting of Shareholders of PT Vale Indonesia Tbk ("Company") dated May 5th, 2023, it is hereby announced that the Company will distribute Final Cash Dividend for the Financial Year 2022 ("Dividend") to the shareholders a total of 30% of the Net Earning of the Company for the Financial Year 2022, therefore each holder of 1 (one) share will get Dividend in the amount of US$0.00605 (gross).

Schedule, procedures and mechanisms of the Dividend distribution are as follows:

1. Schedule :

1.	Cum Dividend Date in Regular Market and Negotiation Market	May 15th, 2023
2.	Ex Dividend Date in Regular Market and Negotiation Market	May 16th, 2023
3.	Cum Dividend Date in Cash Market	May 17th, 2023
4.	Recording Date	May 17th, 2023
5.	Ex Dividend Date in Cash Market	May 19th, 2023
6.	Payment Date of Cash Dividend for the Financial year 2022	May 31st, 2023

1. Procedures and mechanism of the Dividend distribution:
2. 1. This announcement is an official announcement from the Company; therefore, the Company does not issue a special announcement letter to the Company's shareholders.
   2. Dividend will be paid on May 31st, 2023 (at the latest 30 days after the approval of the Annual General Meeting of Shareholders of the Company) to the shareholders whose name are recorded in the Shareholders Register (DPS) of the Company on May 17th, 2023 at 16.00 Western Indonesian Time, or in accordance with the securities account balance in the Collective Custody of PT Kustodian Sentral Efek Indonesia ("KSEI") at the closing date on May 17th, 2023.
   3. The shareholders will receive US$0.00605 per 1 (one) share owned by the shareholders. For shareholders with scripless shares as well as shareholders with scrip shares, the Dividend will be paid in Rupiah based upon the middle rate determined by Bank of Indonesia on May 17th, 2023.
   4. Shareholders whose shares are recorded scripless in the Collective Custody of KSEI:
   5. 1. Dividend will be paid to the account of the Securities and/or the Custodian Bank at one of KSEI's Payment Banks;
      2. Written confirmation regarding the result of Dividend distribution will be submitted by KSEI to the Securities Company and/or Custodian Bank;
      3. Shareholders will receive information on their securities account balance from Securities Company and/or Custodian Bank where shareholders open their account.
   6. Shareholders whose shares are recorded in the form of scrip, therefore:
   7. 1. Shareholders are requested to provide the following documents to our Share Administrative Bureau, PT Bima Registra ("BAE"), at working hour from 09.00 - 15.00 Western Indonesian Time, having address at Satrio Tower, Lt. 9 A2, Jl. Prof. Dr. Satrio Blok C4, Kuningan, Setiabudi - Jakarta Selatan 12950. Ph. ([phone] Fax. [phone] and email: [e-mail]:
      2. 1. Copy of valid personal identity (ID Card/Driving License/Passport) and show the original document (for individual shareholders);
         2. Power of Attorney with sufficient stamp duty (materai) if a shareholder is represented by other parties, accompanied by copy of valid personal identity of both the authorizer and the authorized of the power of attorney;

PT Vale Indonesia Tbk

1. 1. 1. Copy of the article of association and its amendments, the latest deed of appointment of the Board of Commissioners and the Board of Directors or the authorized personnel representing the legal entity and copy of valid personal identity of the Board of Directors/proxies or authorized personnel to act on behalf of such legal entity (for shareholders who are a legal entity);
      2. Bank account number (shareholder's account).
   2. BAE will issue Notice of Dividend Payment (Surat Pemberitahuan Pembayaran Dividen - SPPD) to shareholders who submit a claim as an evidence that the Dividend has been claimed.
   3. BAE will pay the Dividen to the shareholders via bank transfer upon confirmation and validation from the BAE.
2. Dividend to be distributed shall be subject to tax according to the prevailing taxation regulations in Indonesia.
3. For shareholders who are the Domestic Taxpayers (Wajib Pajak Dalam Negeri) both Individuals and Entities, shall be subject to Law Number 11 of 2020 on Job Creation (or known as the Omnibus Law) as revised by Law Number 7 of 2021 on Tax Regulation Harmonization and by Government Regulation in Lieu of Law Number 2 of 2022 and its implementing regulations.
4. For shareholders who are Foreign Taxpayer (Wajib Pajak Luar Negeri - WPLN) and domiciled in a country who entered into a Tax Treaty Agrement with the Republic of Indonesia whom intend to request tax deductions by adjusting to the rate applicable in the Tax Treaty, shall submit a Certificate of Domicile ("CoD") in the form of:
5. 1. Original form issued by the Directorate General of Taxation ("DGT"), that is valid and filled in accurately, completed, signed and authorised by the competent authority in the local country (validation can be substituted with an original Certificate of Residence (CoR); or
   2. CoD receipt from the DGT system, in term of the Foreign Taxpayer has already transacted with Tax Witholder in Indonesia and has provided the original DGT form as referred to in letter a above to the Tax Witholder in Indonesia;

at the latest on the date determined in KSEI announcement, to:

1. KSEI, for shareholders listed in the Collective Custody of KSEI (scripless), through the account holder (Securities Company/Custodian Bank) appointed by the shareholders;
2. BAE, for shareholders holding scrip shares.

In the event the original DGT and/or CoR has not been received up to the determined date, the tax shall be calculated at 20%.

This announcement is also available in the Company's website (www.vale.com/indonesia).

Jakarta, May 9th, 2023

PT Vale Indonesia Tbk

Board of Directors