Highlights of Bumi Resources 9 months performance results

Below are key highlights from Bumi Resources? public expose on Wednesday (Dec 17, 2008)

* Financial parameters are at record breaking levels (slides 3-6 explain) e
- net income doubled to a record $490 m ytd 09/08 vs $246.5 m ytd 09/07
- all others (gross margin, operating income, profit before tax)up 2x-3x

* ytd September sales revenue increased 49% to $2.4 billion (& +7.4% over FY07)

* Av price ytd September 08 jumped to $70.5/ton vs $42.8/ton yoy

* coal mined increased 1% yoy in spite of challenges

* ytd sales volume of 37.9 m tons down vs 40.7 m tons (due well known low opening inventory, forestry and rains.

* cash costs impacted by near doubling of diesel costs, now falling

* coal reserves doubled to 2.1 bn tons in Jun '08 vs 1 bn tons Sep '05 (& 1.4 bn tons in Sep '07).Refer slide 10 in PE presentation

* FY08 expectation sales volume 52/53 m tons (vs FY07 55 m tons ; But coal mined at ca 55 m tons up ( vs FY07 52.6 m tons) Indicated FY08 price at record $ 73.5/ton (vs $44/ton FY07) or 67% higher Aiming to keep higher year end inventory

* ca 85% of Herald Resources was acquired in July 2008

* FY09 outlook under review - looking like 10% higher sales and production volume, 40 m tons already committed on quantity; out of this about 20/25% already committed on price at ca $ 90/ton; Q2 - Q4 '09 under negotiation.

We are, of course, targeting to improve on FY08 price levels. (end)