Valterra Platinum Ltd (VALJ.J): 2Q26 production weaker vs CitiE; 1H26 HEPS beat vs CitiE/consensus on higher sales volume; Guidance maintained

Research evidence excerpt

Valterra Platinum Ltd (VALJ.J): 2Q26 production weaker vs CitiE; 1H26 HEPS beat vs CitiE/consensus on higher sales volume; Guidance maintained

ough a public offering or in circumstances which constitute an offer within the meaning

of the Indonesian capital market laws and regulations.

The Product is made available in Japan by Citigroup Global Markets Japan Inc. ("CGMJ"), which is regulated by Financial

Services Agency, Securities and Exchange Surveillance Commission, Japan Securities Dealers Association, Tokyo Stock

Exchange and Osaka Securities Exchange. Otemachi Park Building, 1-1-1 Otemachi, Chiyoda-ku, Tokyo 100-8132 Japan. In the

event that an error is found in an CGMJ research report, a revised version will be posted on the Firm's Citi Velocity website. If

you have questions regarding Citi Velocity, please call (81 3) 6270-3019 for help.

The product is made available in the Kingdom of Saudi Arabia in accordance with Saudi laws through Citigroup Saudi Arabia,

which is regulated by the Capital Market Authority (CMA) under CMA license (17184-31). 2239 Al Urubah Rd – Al Olaya Dist.

Unit No. 18, Riyadh 12214 – 9597, Kingdom Of Saudi Arabia.

The Product is made available in Korea by Citigroup Global Markets Korea Securities Ltd. (CGMK), which is regulated by the

Financial Services Commission, the Financial Supervisory Service and the Korea Financial Investment Association (KOFIA). The

address of CGMK is Citibank Center, 50 Saemunan-ro, Jongno-gu, Seoul 03184, Korea. KOFIA makes available registration

information of research analysts on its website. Please visit the following website if you wish to find KOFIA registration

information on research analysts of

CGMK. http://dis.kofia.or.kr/websquare/index.jsp?w2xPath=/wq/fundMgr/DISFundMgrAnalystList.xml&divisionId=MDIS0