Tenaga Nasional Berhad (“TNB”) wishes to announce that it has today signed a Power Purchase Agreement (“PPA”) with TNB Connaught Bridge Sdn. Bhd. (“TNB Connaught Bridge"), a wholly owned subsidiary of TNB. TNB Connaught Bridge will construct, own, operate and maintain a gas-fired combined cycle electricity generating facility with a total nominal capacity of 375 megawatts (“MW”) proposed to be located in Klang, Selangor Darul Ehsan ("Facility").

The project to construct, own, operate and maintain the Facility was awarded by Suruhanjaya Tenaga to TNB Connaught Bridge in order to meet the generation requirements in Peninsular Malaysia.

The PPA, which has an expected commercial operation date of 1 September 2015, governs the obligations of the Parties to sell and purchase the Daily Available Capacity and, to the extent Despatched, the Net Electrical Output generated by the Facility for a period of 21 years in accordance with the agreed terms and conditions.

The signing of the PPA will not have any material effect on the earnings per share, net assets per share and gearing of TNB Group.

None of the Directors or Major Shareholders of TNB or persons connected to the Directors or Major Shareholders of TNB has interest, direct or indirect, on the PPA.

This announcement is dated 29 April 2015.