Ann: Capital Raising Update, page-42

Kupang Project Power Supply
Gulf would also like to advise that management has recently held meetings with Indonesian
Government Power Company, PLTU, regarding the powering of the Kupang Smelting Hub through its
construction, commissioning and production phases. PLTU recently installed a Turkish Power Plant
Vessel, increasing its generation capacity from 32 MW to over 120 MW. PLTU has confirmed its
capacity to supply power for the construction of Gulf’s first two smelting furnaces at Kupang, which
will require circa 14 MW of power to complete.
Furthermore, PLTU also confirmed its near-term expansion plans outlining its capacity to power the
entire Kupang Smelting Hub Facility once complete (approx. 70MW). The first stage in this expansion
strategy is the installation of a second 32MW plant, which is currently in construction and earmarked
for commissioning in H2 2017.