Release: PT Inco makes several key appointments at AGM

(JAKARTA, April 16, 2010) ? Shareholders of PT International Nickel Indonesia Tbk (Inco) (the?Company?) represented at its Annual General Meeting (AGM) today approved the recommendation of the Company that no final dividend be declared for the year ended December 31, 2009.

This decision was made in light of the fact that the Company paid out dividends in the aggregate amount of approximately US$251 million from its cash balance in 2009, comprised of an interim dividend paid on December 29, 2009 and a special dividend paid on April 13, 2010.

Shareholders approved the reappointment of Peter Poppinga as President Commissioner, Jennifer Maki, Tito Martins, Mark J. Travers, Takeshi Kubota and Naoyuki Tsuchida as Commissioners, and Nicolaas D. Kanter and Arief T. Surowidjojo as Independent Commissioners. Shareholders also approved the appointment of Arif S. Siregar as Commissioner, Nicolaas D. Kanter as Vice-President Commissioner, a role he will hold concurrently with his position of Independent Commissioner, and Irwandy Arif as Independent Commissioner.

The terms of all Commissioners will expire at the Company?s Annual General Meeting of Shareholders in 2012.

Shareholders also reappointed Tony Wenas as President Director, Claudio Bastos as Vice-President Director and Nurman Djumiril as Director, each with a term ending at the Company?s Annual General Meeting of Shareholders in 2012.

The firm of Kantor Akuntan Publik Tanudiredja, Wibisana & Rekan (the member firm of Pricewaterhouse Coopers International in Indonesia) was appointed as the Company?s auditor for the year ending December 31, 2010. (end of release)