Gas Malaysia Berhad (“Gas Malaysia” or “the Company”) wishes to inform that 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”) for the first quarter beginning 1 January 2021 to 31 March 2021 is RM22.14/MMBtu, which is lower by 34.21% or RM11.51/MMBtu compared to the 2020 average natural gas selling price.

The above average natural gas selling price includes 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 Suruhanjaya Tenaga.

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

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

This announcement is dated 12 January 2021.