SN : 0415/DSA-22/V/16

Commodity/Description of Goods : XXX

Quantity : 5,116.304 MT

Name of Vessel : TB. BURUNG CAMAR 38 / BG. TAURUS 01

Shipper/Applicant : XXX

Consignee : XXX

Port of Loading : XXX

Port of Discharging : XXX

Notify Party : XXX

Date of Sampling : May 25 up to 27, 2016

SAMPLING

ANALYSIS

as follows :

ADB ARB

Total Moisture (Weight %) D 3302-15 : - 32.49

Proximate Analysis :

Moisture in the analysis sample (Weight %) D 3173-11 : 13.35 -

Ash Content (Weight %) D 3174-12 : 3.49 2.72

Volatile Matter (Weight %) D 3175-11 : 43.46 33.86

Fixed Carbon (Weight %) D 3172-13 : 39.70 30.93

Total Sulphur (Weight %) D 4239-14Ɛ2

: 0.25 0.19

Gross Calorific Value (Kcal/Kg) D 5865-13 : 5,636 4,391

HGI (Hardgrove Grindability Index) D 409/D 409M-12 : 56

Particle size (Weight %) D 4749-87 (2012)

+50 mm : 50.83

- 50 mm : 49.17

Note : ADB : Air Dried Basis ARB : As Received Basis

Banjarmasin, May 28, 2016

Signed on behalf of

PT. CARSURIN

Mohammad Ali Rosyid

Head of Laboratorymar-my/V/dsa/16-LB/A/758/V/16

For verification of authenticity of certificate or reports, please contact coal.sales@carsurin.com

Analysis were performed at PT Carsurin Banjarmasin Laboratory in accordance with ASTM standards the results are

C E R T I F I C A T EO F

SAMPLING AND ANALYSIS

161622.0415

Samples were taken and prepared in accordance with ASTM standards (D2234/D2234 M-10, D6883-04, D2013M-12)