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PT. Moores Rowland Indonesia Jl. Sisingamangaraja No. 26 %u2013 Jakarta Selatan 12120 - Indonesia Tel: +62 21 720 2605 - Fax: +62 21 720 2606 - www.moores-rowland.com Conclusions Conclusions in regard to adherence to the AA1000 AccountAbility Principles of Inclusivity, Materiality,Responsiveness and Impact include the following findings:%u25aa InclusivityAn assessment was made on whether PHE has included all key stakeholders in developing and achieving an accountable and strategic response to sustainability issues.Demonstration of PHE%u2019s strong commitment to stakeholder inclusivity included the conducting of needs assessment surveys and a materiality level survey of the key stakeholder groups. Our overall assessment is that PHE has set in place an effective system that enables key stakeholders to participate in the development of the organization's response in the context of sustainability.In order to maintain and strengthen the effectiveness of this inclusivity, however, we recommend that PHE carries out regular monitoring of its systems and procedures, andimplements improvements where necessary.%u25aa MaterialityWith stakeholders requiring material informationon which to base their informed judgments, decisions and actions, an assessment was carried out to determine the extent to which PHE has included such information in the Report.PHE%u2019s strong commitment to meet stakeholder needs in this field was evidenced by the provision of adequately reported and balanced information on key material issues. Nevertheless, as demands for information continue to increase, we recommend that PHE conducts materiality tests on a regular basis for inclusion in future reports.%u25aa ResponsivenessAs it is increasingly important to communicate in meeting stakeholder expectations, an assessment was carried out to determine the degree to which PHE demonstrates its accountability in this area.PHE's allocation of resources to stakeholder engagement, the timeliness and accessibility of reported information, and the types of communication mechanisms regularly employed,were all indicative of PHE%u2019s responsiveness to key stakeholder concerns and expectations. As in other areas, however, vigilance is of key importance, and we recommend that PHE conducts regular monitoring while improving stakeholder engagement procedures where necessary in future reports.%u25aa ImpactAn assessment was made on whether PHE has monitored, measured and is accountable for how itsactions affect their broader ecosystems.PHE has integrated identified impacts into its key management processes including, for example, itsmateriality assessment process, organisational strategy, governance, goal-setting, and operations.In order to strengthen the effectiveness of assessment and disclosure of its impacts, however, we recommend that PHE provides the necessary competencies and resources to measure, evaluate and manage its impacts, conducts regular monitoring of its systems and procedures, andimplements improvements, where necessary.Based on our limited assurance engagement, nothing has come to our attention that causes us to believe the data of the Report has been materially misstated.All key assurance findings are included herein, whiledetailed observations and follow-up recommendations have been submitted to PHE management in a separate report.Jakarta, April 25, 2024 James KallmanChief Executive OfficerMoores Rowland is an international organization specializing in audit, accounting, tax, legal and advisory, business and human rights services in Indonesia. Moores Rowland is a member of Praxity AISBL, the world's largest Alliance of independent and unaffiliated audit and consultancy companies.With more than 65,000 professionals operating in 120 countries across the globe, each sharing the same values and sense of responsibility, Praxity is served by Moores Rowland in Indonesia, one of the leading sustainability assurance providers.PT Pertamina Hulu Energi %u2022 Sustainability Report 239