Corporate Presentation

CORPORATE PRESENTATION

About Musim Mas Our History

1932 1970 1988 2003 2020 Nam Cheong Soap Factory Started the first palm oil Started plantation in Rantau Started Fully integrated palm oil refinery in Indonesia Prapat, North Sumatra oleochemicals plant corporation across 13 countries

Worldwide use of Musim Mas products

Countries with Countries where we Headquarters: Number of operational presence: sell our products: employees: Singapore 13 Countries Global 37,000 people worldwide

Upstream Midstream Downstream

Plantation Crude Palm Oil

Seed Nursery Fresh Palm oil mill Palm Kernel Oil Refinery Refined oils Value-added fruit bunches processing plant

Smallholders Kernel crushing plant

Logistics

Animal Biofuels Commodities Consumer Food & Nutrition Products Beverage

Healthy & Home Care, Industrial Pharmaceutical Polymers & Dietary Personal Care & Plastics Supplements Cosmetics

Sustainable Palm Oil

About Musim Mas About Environmental Environmental Initiatives Musim Mas Sustainability Policy

. Announced on 4 December 2014 and Updated on 9 September 2020. . Affirms the Group’s commitment towards sustainable palm oil.

Improve the Deliver Positive Maintain Drive Innovation Lives of Environmental Responsible in Sustainable Smallholders, Impacts and Enduring Practices Workers, and Relationships Communities with Suppliers, Customers, and Stakeholders

First in Indonesia to First smallholder scheme in Published comprehensive • First palm oil major to be POIG3- join RSPO1 Indonesia to attain RSPO1 sustainability policy extended to vertified certification third-party suppliers • First palm oil mill globally to be certified against RSPO1 P&C 2018

2004 2009 2010 2012 2014 2018 2019

First plantation in Indonesia to First to receive Launched first attain RSPO1 certification certification for ISPO2 Sustainability Report

1 – Roundtable on Sustainable Palm Oil 3 – Palm Oil Innovation Group 2 – Indonesian Sustainable Palm Oil

We joined POIG on 16 Nov 2015

• Other POIG members include sustainability leaders such as Agropalma and Daabon, Danone and Ferrero, as well as NGOs such as Forest Peoples Programme, Greenpeace, Rainforest Action Network and WWF.

• Members are committed to the POIG Charter: - Support the RSPO and innovate on RSPO existing standards and other critical issues. - Focus on environmental responsibility, communities, and corporate and product integrity. - Create innovations in the palm oil industry and promote these innovations. - Break the link between palm oil and deforestation, and human, land and labour rights violations.

Social Initiatives Reduce Greenhouse Gas Emission*

Estate Mill Refinery Processing Plant

• No development on • Use biomass as • Use biomass • Use biomass as primary forest, HCV energy feedstock as energy energy feedstock and HCS forest • Capture methane gas feedstock • Some of the • No new development from mill effluent (all processing plants are on peatland mills) 100% powered by • Zero burning • Net positive energy biomass • Trucks powered by balance biofuel * Within own operations

Solid Liquid Gaseous

• Press cake fiber, • Palm oil mill effluent • Boiler chimney empty fruit bunch undergoes anaerobic discharge to the fiber and kernel digestion to produce atmosphere is shells used as fuel methane gas smoke-free • Decanter solid • Palm oil mill effluent • Methane gas is used as fertilizer use as organic captured as biogas fertilizer in plantation to power the housing complex

These features are not commonly found in the industry

• Biodiversity management in oil palm - Princeton University, USA ( Biodiversity Research Project ) • Social impact and management in oil palm - Helsinki University, UNRI, IPB • High conservation values management in oil palm - Oxford University, UK • Minimising social environmental impacts - Collaboration with ETH Zurich

© 2021 Musim Mas Holdings Pte. Ltd. 14 PREVIOUS Environmental Initiatives Social Initiatives Social 15 Largest Independent Smallholders Program Preventing deforestation and improving livelihoods through teaching Good Agricultural Practices, improving farm productivity, and supporting smallholders’ access to markets through certifications. 34,608 Smallholders engaged 75,267 Hectares 2,092 Smallholders RSPO certified

* Data as of December 2020

Partners: Indonesian Government

Smallholders Oil Palm Development Programs Village Oil Palm Development Program (Schemed Smallholders) (Village Development Program)

Riau West Sumatra West Kalimantan Riau South Sumatra Central Kalimantan West Kalimantan

1,762 1,047 762 6 villages 1 village 10 villages 11 villages smallholders smallholders smallholders

* Data as of December 2020

Library, Auditorium, Multi-purpose building, Musim Mas Professorship in Tanri Abeng University (TAU) Bogor Agricultural University, Bogor, Faculty of Economics, Sustainability Program South Jakarta West Java Province University of North Sumatra, Medan, National University of Singapore, North Sumatra Singapore

Musim Mas will continue to engage stakeholders to incorporate their feedback into the sustainability strategy.

Musim Mas firmly believes that palm oil industry should keep moving ahead, balancing the needs of social development and environment protection.

Musim Mas will continue its sustainability journey to produce palm oil in an environmentally friendly, socially acceptable and economically viable manner.