Establishment of PT Darma Henwa

PT Darma Henwa Tbk. (Darma Henwa or Company) was established since October 8, 1991, based on Deed no. 54, which had been amended twice with the Deed of Amendment No. 141 dated February 12, 1993 and Deed of Amendment No. 29 dated July 5, 1993, all of which were drawn up before Notary Siti Pertiwi Henny Shidki, SH. These deeds had been ratified by the Minister of Justice of the Republic of Indonesia by virtue of Decision No. C2-6334.HT.01.01. TH.93 dated July 19, 1993 and registered on the Registrar of South Jakarta District Court under Decision No. 834/A.PT/HKM/1993/PN.JAK.SEL dated September 15, 1993, and later published in the State Gazette of the Republic of Indonesia No. 13 dated February 14, 1995, Supplement No. 1346.

The signing of USD107 million contract for the Petangis Coal Project in East Kalimantan with BHP Minerals.

Henry Walker Group Ltd (Australia) acquired 95% of share ownership.

The Company’s name changed to PT Henry Walker Eltin (HWE).

The signing of USD82.3 million contract with PT Newmont Nusa Tenggara.

The signing of USD34.2 million contract with PT Tanito Harum.

The signing of Operating Agreement for Bengalon, East Kalimantan.

Zurich Assets International Ltd took over share ownership of Henry Walker Eltin.

The Company’s name changed to PT Darma Henwa.

Achieved 4 million hours Loss Time Injury Free (LTIF) Award.

The signing of the Asam Asam Operating & Mining Services Agreement.

Listing on the Stock Exchange

On September 26, 2007, Darma Henwa held Initial Public Offering (IPO) by issuing 3.15 billion shares or 20.69% of total shares at Rp335 each.

Rights Issue I

On January 31, 2010, the Company conducted a Limited Public Offering I with Pre-emptive Rights (rights issue) of 6.24 billion shares, or equivalent to 28.57% of the Company's total shares, at an exercise price of Rp100 per share.

Obtained certifications of ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007.

Sale of Coal Vista Resources.

The signing of East Binungan Coal Project, Berau.

The signing of Malinau Coal Project.

The signing of Tamtama hauling road Project.

The signing of Conditional Share Purchase Agreement (“CSPA”) of divestment of 100% shares of Corfield Investments Limited.

The signing of Conditional Share Purchase Agreement (“CSPA”) of PT Darma Henwa Tbk and Lennette Ltd with regard to divestment of 93.47% shares of the Company in PT DH Energy.

The signing of Share Purchase Agreement (“SPA”) of PT Darma Henwa Tbk and Canoncom Ltd with regard to divestment of 100% shares of the Company in Corfield Investments Limited (“Corfield”).

Acquisition of PT Cipta Multi Prima.

East Binungan Coal Project Operations was completed.

The Company signed a contract with PT Cakrawala Langit Sejahtera for the operations of Satui Coal Project.

The Company acquired 99.50% of shares of PT Rocky Investments Group.

The Company signed the agreement with PT Asmin Koalindo Tuhup on technical management service project in Muara Teweh, Central Kalimantan.

Acquisition of Pendopo Coal Ltd.

The Company was able to maintain the Certifications of ISO 9001:2008, ISO 14001:2004, and OHSAS 18001:2007.

The Company acquired contract of Lead-Zinc Mine Road Access Construction Project in Dairi, North Sumatra, from PT Dairi Prima Mineral (DPM) worth Rp29.9 billion.

The company acquired mining supervision service project of PT Citra Palu Mineral in Palu, Central Sulawesi.

The company won an infrastructure, mining and gold processing project in Arinem, Garut, West Java, owned by PT Aneka Tambang Tbk (ANTM).

The Company entered into contract to establish a joint venture and cooperation in mining services consulting with mining services contractor, Thriveni Resomin Pte. Ltd.

The company acquired two new projects worth US$ 23.5 million in a lead-zinc mine in Dairi, North Sumatra, owned by PT Dairi Prima Mineral (DPM).

Scope of work in this project includes earthworks, civil/construction, as well as mechanical and electrical installations.

The company signed an agreement on tire management with Fujian Haian Rubber Co. Ltd.

The Company acquired 99.90% shares of PT Sabina Mahardika.

The Company indirectly owns potential gold and mineral mining project of PT Gayo Mineral Resources in Aceh Province, as one of the efforts for business expansion and diversification to increase added value going forward.

Challenges and obstacles do not to dampen Company's efforts to consistently make improvements in every business line.

The EGMS on August 19, 2022 approved the plan to implement Capital Increase through Preemptive Rights (PMHMETD) through the issuance of a maximum of 30,000,000,000 (thirty billion) new series B shares from portfolio shares with a par value of Rp50.00 (fifty rupiah)