Gas Malaysia Berhad (“Gas Malaysia” or “the Company”) wishes to inform that the Government has issued a directive, via a letter from Suruhanjaya Tenaga (“ST”) dated 1 December 2020 which we received today, to effect the average natural gas selling price for the distribution segment by Gas Malaysia’s wholly-owned subsidiary, Gas Malaysia Energy and Services Sdn. Bhd. (“GMES”). The directive is for a period of one (1) year beginning 1 January 2021 to 31 December 2021, with the average natural gas selling price to be determined every quarter.

The applicable average natural gas selling price and the natural gas selling price by tariff category for GMES to its customers for the period beginning 1 January 2021 to 31 December 2021 will only be announced at the beginning of each quarter.

The natural gas selling price shall include the Transportation Tariff of RM1.19 per MMBtu, the legacy Gas Cost Pass Through of RM0.62 per MMBtu and Distribution Tariff of RM1.88 per MMBtu as previously approved by ST.

Gas Malaysia wishes to clarify that this selling price determination is not applicable to sales of natural gas for Natural Gas Vehicle and Liquefied Petroleum Gas supplied in gas cylinder or in bulk.

The selling price determination will continue to contribute positively towards the financial position of the Company for the financial year ending 31 December 2021.

This announcement is dated 18 December 2020.