Summary Data. Overburden Removal Volume. Coal Production Volume. Weighted Average Strip Ratio. Average Cash Costs per MT (*) 14.5 to 15.5.

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2 Summary Data Overburden Removal Volume Coal Production Volume 200 to to (million MT) (million MT) B Note : B stands for Budgeted Figure B Note : B stands for Budgeted Figure Weighted Average Strip Ratio Average Cash Costs per MT (*) (million MT) to 15.0 (US$ /MT) to B Note : B stands for Budgeted Figure * B (1) Average Cash Costs include Royalty, Barging, SGA (2) US$ is a convenience translation using the average yearly exchange rate (3) B stands for Budgeted Figure 1

3 Summary Data Coal Sales Volume Average Selling Price (*) 15.0 to to 87.0 (million MT) (US$ /MT) B Note : B stands for Budgeted Figure * B (1) Average Coal Selling Price include coal and non-coal sales (2) US$ is a convenience translation using the average annual exchange rate (3) B stands for Budgeted Figure Revenue (*) 1,250.0 to 1,400.0 (US$ m) B * (1) Revenue includes coal and non-coal sales (2) US$ is a convenience translation using the average annual exchange rate (3) B stands for Budgeted Figure 2

4 1Q11 - Operational Performance Overburden Removal Volume Coal Production Volume (million BCM) (million MT) Q10 1Q10 1Q11 Weighted Average Strip Ratio 4Q10 1Q10 1Q11 Average Cash Costs per MT (*) (US$ / MT) Q10 1Q10 1Q11 * 4Q10 1Q10 1Q11 (1) Average cash costs include barging, royalty, and SGA (2) US$ is a convenience translation using the average quarterly exchange rate for the quarter numbers 3

5 1Q11 - Financial Performance Coal Sales Volume Average Selling Price (*) (million MT) (US$/MT) Q10 1Q10 1Q11 4Q10 1Q10 1Q11 Revenue (*) (US$ m) Q10 1Q10 1Q11 * (1) Average Selling Price, Revenue and EBITDA include coal and non-coal sales (2) US$ is a convenience translation using the average quarterly exchange rate for the quarter numbers 4

6 1Q11 - Coal Production 1Q11 Coal Production Volume (million MT) 3.1 to Q11 coal production volume was in line with the Budget 1Q11 coal production volume was 3.4 million MT which was higher than 4Q10 coal production at 3.2 million MT Budget Actual GBP, TSA/FKP coal production was slightly lower than budget due to higher rainfall Coal Production by Mine Site (in million MT) 1Q11 Budget Actual Gunungbayan Pratamacoal (GBP) Blk II & I 0.8 to Teguh Sinarabadi (TSA) / Firman Ketaun Perkasa (FKP)¹ Perkasa Inakakerta (PIK) Fajar, Tabang, Brian (FTB)² 0.3 to Wahana Baratama Mining (WBM) Total 3.1 to (1) TSA & FKP are two separate concessions but for reporting purposes, the production volumes of these two mines are disclosed together. (2) Fajar, Tabang, and Brian are three separate independent KP s but for reporting purposes; these three mines are disclosed together. 1Q11 coal production was 3.4 million MT which exceeded the range of the 1Q11 Budget of 3.1 to 3.3 million MT 5

7 1Q11 - Overburden Removal (OB) 1Q11 Overburden Removal (million BCM) 46 to Q11 overburden removal was in line with the Budget 1Q11 overburden removal was 48.3 million BCM which was 6% higher than 4Q10 overburden removal at 45.4 million BCM Budget Actual Overburden Removal (in million BCM) 1Q11 Budget Actual Gunungbayan Pratamacoal (GBP) Blk II & I 16 to Teguh Sinarabadi (TSA) / Firman Ketaun Perkasa (FKP)¹ 8 to Perkasa Inakakerta (PIK) Fajar, Tabang, Brian (FTB)² Wahana Baratama Mining (WBM) 15 to Total 46 to (1) TSA & FKP are two separate concessions but for reporting purposes, the overburden removal of these two mines are disclosed together. (2) Fajar, Tabang, and Brian are three separate independent KP s but for reporting purposes; these three mines are disclosed together. Overburden removal at WBM and PIK were slightly higher than Budget (albeit TSA/FKP were below Budget) due to pit dewatering issues and utilization of equipment / pumps remain a concern 1Q11 overburden removal was 48.3 million BCM which was within the range of the 1Q11 Budget of 46 to 50 million BCM 6

8 1Q11 - Weighted Average Strip Ratio (SR) 1Q11 Weighted Average Strip Ratio 14.5 to Q11 weighted average SR was 14.3:1 compared to 4Q10 SR at 14.1:1 WBM s SR went down significantly as vertical advancement improved and water management were on track Budget Actual Weighted Average Strip Ratio ( :1) 1Q 11 Weighted Ave Budget Actual Gunungbayan Pratamacoal (GBP) Blk II & I 19.0 to Teguh Sinarabadi (TSA) / Firman Ketaun Perkasa (FKP)¹ 14.0 to Perkasa Inakakerta (PIK) 8.0 to Fajar, Tabang, Brian (FTB)² 1.5 to Wahana Baratama Mining (WBM) 23 to Total 14.5 to GBP and FTB s SR was higher than Budget due to poor weather conditions (1) TSA & FKP are two separate concessions but for reporting purposes, the strip ratio of these two mines are disclosed together. (2) Fajar, Tabang, and Brian are three separate independent KP s but for reporting purposes; these three mines are disclosed together. 1Q11 weighted average strip ratio of 14.3 : 1 which was within the range of the 1Q11 Budget of 14.5 : 1 to 15.5 : 1 7

9 1Q11 - Average Cash Costs Average Cash Costs per MT (*) * (US$ / MT) Q11 (1) Average Cash Costs include Royalty, Barging, SGA (2) US$ is a convenience translation using the average quarterly exchange rate for the quarter numbers (IDR / liter) Pertamina Diesel Oil Price (3) 5,893 6,876 8,683 1Q11 average cash costs were in line with Budget 1Q11 average cash costs were US$66.8/MT which was slightly higher than 4Q10 average cash costs of US$62.8/MT Cash costs (quarter on quarter) went up due to: Higher than anticipated fuel prices Additional royalty fees due to improved ASP Q11 (3) Published by Pertamina, including PBBKB and VAT 1Q11 average cash costs were US$66.8 / MT which was within the range of the FY11 Budget cash costs of US$64-67 /MT 8

10 1Q11 - Coal Sales (by volume) (million MT) 1Q11 Coal Sales Volume 3.2 to Q11 coal sales volume was 3.7 million MT which was approximately the same as 4Q10 coal sales volume at 3.7 million MT Budget Actual Geographic Distribution (YTD) 6% 12% Others Malaysia 4% Taiwan 6% Thailand Korea 5% Japan 25% India Italy Italy 7% Japan is Bayan s biggest customer in terms of 1Q11 sales volume Top customers (by sales volume) Vitol, J.Aron, TNBF, Mitsui, Adani 35% 1Q11 coal sales volume was 3.7 million MT which was higher than the range of the 1Q11 Budget of 3.2 to 3.4 million MT 9

11 Average Selling Price (ASP) (US$ / MT) Average Selling Price (*) Q11 ASP was US$97.2/MT which was higher than 4Q10 ASP at US$78.5/MT 1Q11 ASP average CV GAR was 5,781 kcal/kg compared to 4Q10 average CV GAR at 5,773 kcal/kg * Q11 (1) ASP includes coal and non-coal sales (2) US$ is a convenience translation using the average quarterly exchange rate for the quarter numbers ASP went up due to stronger general coal market conditions 1Q11 ASP was US$97.2 / MT which exceeded the range of the FY11 Budget ASP of US$85-87 / MT 10

12 Committed and Contracted Sales (after 1Q11 Deliveries) 14.5 million MT 19.7% As at 31 March 2011, committed and contracted sales were 14.5 million MT with an average CV of 5,810 k/cal GAR 80.3% 2011 Fixed Price element at US$97.36 with an average CV of 5,738 k/cal GAR (which includes all sales delivered to date) 2011 Fixed Price Floating Price Note : 31 March 2011 FY11 committed and contracted sales are 14.5 million MT 11

13 Capital Expenditure Total Capital Expenditure YTD: US$8.5m Construction in Progress Machinery Office Equipment Buildings and Facilities Land Total

14 Appendix PT Gunungbayan Pratamcoal PT Perkasa Inakakerta PT Wahana Baratama Mining PT Teguh Sinar Abadi / PT Firman Ketaun Perkasa PT Fajar Sakti Prima / PT Bara Tabang / PT Brian Anjat Sentosa PT Leighton Contractors Indonesia PT Thiess Contractor Indonesia Average Selling Price Gross as Received Estimate Forecast / Budget Figure Bank Cubic Metre Metric Tonne Kilocalorie per kilogram GBP PIK WBM TSA / FKP FTB Leighton Thiess ASP GAR E F BCM MT kcal / kg 13

15 Disclaimer This presentation contains forward-looking statements based on assumptions and forecasts made by PT. Bayan Resources Tbk management. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and speak only as of the date they are made. We undertake no obligation to update any of them in light of new information or future events. These forward-looking statements involve inherent risks and are subject to a number of uncertainties, including trends in demand and prices for coal generally and for our products in particular, the success of our mining activities, both alone and with our partners, the changes in coal industry regulation, the availability of funds for planned expansion efforts, as well as other factors. We caution you that these and a number of other known and unknown risks, uncertainties and other factors could cause actual future results or outcomes to differ materially from those expressed in any forward-looking statement. 14

16 Thank You For more information, please contact : Investor Relations Jocelle Concio Investor Relations investor.relations@bayan.com.sg 15