We refer to the Company’s announcement dated 1 October 2025, in relation to the Proposed Internal Reorganisation.

The Board of Directors of PETRONAS Gas Berhad wishes to announce that the Company has on 10 October 2025 entered into the following conditional business transfer agreements in relation to the Proposed Internal Reorganisation:-

1. a conditional business transfer agreement with its wholly owned subsidiary, i.e. PG TransCo Sdn. Bhd. (“TransCo”) for the transfer of the Company’s gas transportation business (“Gas Transportation Business”) to TransCo (“BTA1”);
    
2. a conditional business transfer agreement with its wholly owned subsidiary, i.e. PG Gas Processing Sdn. Bhd. (“GasPro”) for the transfer of the Company’s gas processing business (“Gas Processing Business”) to GasPro (“BTA2”); and
    
3. a conditional business transfer agreement with PG Energia Sdn. Bhd. (“Energia”) and PG Utilities East Sdn. Bhd. (“UT-East”) for the transfer of the Company’s utilities business (“Utilities Business”) to UT-East (“BTA3”). UT-East is a wholly owned subsidiary of Energia whereas Energia is a wholly owned subsidiary of the Company.

Please refer to the attachment for further details.

This Announcement is dated 10 October 2025.