Link: https://links.sgx.com/1.0.0/corporate-announcements/T6QGKV6F9WXB03EN/4b04a9398f1b385ecd92ea0a1bdede22cd268de0f7fbe74f33a92a4bc792aaf5

Summary:

• Joint Venture Terminated: Interra, MITI, and PT Prima Aset Lestari have mutually agreed to cease their JV to build/operate a wood pellet plant in Sumatra, Indonesia. All related shareholders’ agreements are terminated.

• Stake Disposal: Interra sold its entire 40% interest (4,400 shares) in MBI to PT Inti Bina Utama for Rp 4.4 billion (approx. US$267,417). The book value and NTA of the stake was approx. Rp 4.06 billion (US$265,712) as at 31 July 2025.

• Consideration Application: The sale proceeds will be applied towards Interra’s obligations under an existing mandatory conversion loan agreement with MITI. Payment counts as both loan drawdown and purchase price settlement.

• No Additional Investment: Since its original MBI stake acquisition, Interra made no further investments or funding commitments to MBI.

• Impact: Not expected to have a material effect on net tangible assets or earnings per share for FY2025; transaction falls below major SGX disclosure thresholds.

• Post-Disposal: Upon completion, Interra ceases all interest in the wood pellet JV and in MBI. No director or controlling shareholder (beyond ordinary shareholdings) has any interest in the disposal.

• Strategic Note: Interra remains active in petroleum E&P, renewable energy ventures (e.g., floating solar farms), silica sand, and power project opportunities in Indonesia.