With various tools at its disposal, Adaro Energy's team members actively seek to engage in ongoing dialogues with key members of the investing public.

IR has active support from many different information sources and leaders within the group, including the Corporate Secretary, Finance, Legal, Marketing, Operations, and Project Development. Reporting to the CFO, Investor Relations is part of the Finance Department but as the main liaison between the company and the capital market, IR makes contact with all the members of the BOD, and many different parts of the company.

Adaro Energy participated in several international and domestic conferences and meetings and conducted a number of international roadshows, minesite visits and quarterly results conference calls. In 2010, Adaro's IR held an average of fifty one external meetings with investors and analysts per month, conducted eight non-deal roadshows and participated in nineteen conferences. Adaro's IR also hosted quarterly conference calls and three mine site visits.

Adaro Energy issued a detailed Quarterly Activities Report, which is not required by the compliance rules, and made regular press releases. All information once lodged to the Stock Exchange, is put onto Adaro Energy's website at www.adaro.com and then distributed to a recipient list by email.

Adaro Energy continues to institutionalize the IR task in order to keep the market informed in a timely and balanced manner.

DISCLOSURE POLICY

The disclosure policy was developed in 2008 and subsequently a disclosure team was formed, comprising of senior level managers from Investor Relations, Corporate Secretary, Legal, Operations and Marketing. Although the policy was recently formalized at end of 2009 after undergoing a thorough review by the BOD and legal counsel, it has been put to use by Adaro Energy since its listing in mid 2008 and has provided clear guidance on the disclosure of material information and regular disclosure activities.

The launching of the disclosure policy reaffirmed Adaro Energy's commitment to provide timely, orderly, consistent and credible information in line with prevailing regulatory requirements to enable orderly behaviour in the market.

Adaro Energy believes its disclosure activities in support of corporate governance went beyond what is required by the market regulations in 2010. Examples of progress made include a regular Adaro Energy Quarterly Activities Report, presentations and meetings during non-deal roadshows and investor forums and the disclosure of fair and balanced information in a symmetrical way to the capital market.