Gas Malaysia Berhad announced that the Company had executed a Novation Agreement with its wholly owned subsidiary, Gas Malaysia Venture 2 Sdn Bhd (GMV2) and SDOE, for Gas Malaysia to transfer and novate all rights, titles, interest, liabilities, obligations and covenants vested in or imposed upon Gas Malaysia by and/or pursuant to the JVA to GMV2, SDOE is agreeable to the substitution of Gas Malaysia with GMV2 as a party to the JVA, with effect from 18 January 2018, in accordance with the terms and conditions as stipulated in the Novation Agreement. The Novation Agreement and the disposal of shares are not expected to have a material effect on earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding of Gas Malaysia for the financial year ending 31 December 2018. The Novation Agreement and the disposal of shares are not subject to the approval of the shareholders of Gas Malaysia and any regulatory authorities.