NagaCorp Ltd. announced that reference is made to the announcements of the Company dated 22 June 2020, 24 June 2020, 6 July 2020, 7 June 2021 and 15 June 2021 (the "Announcements") in relation to the 7.95% senior notes of an aggregate principal amount of $550 million with maturity on 6 July 2024 issued by the Company (ISIN: XS2197693265) (the "2024 Senior Notes") and the announcements of the Company dated 12 August 2022 and 31 August 2022 in respect of the partial repurchase of the 2024 Senior Notes. Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the Announcements. The Company hereby announces that on 2 September 2022, the Company had in the open market repurchased part of the 2024 Senior Notes of an aggregate principal amount of $300,000, representing approximately 0.05%, and together with other 2024 Senior Notes previously repurchased (as disclosed in the announcements dated 12 August 2022 and 31 August 2022), representing approximately 0.62% of the aggregate principal amount of the 2024 Senior Notes originally issued.

The Board expects to cancel such repurchased 2024 Senior Notes, which will thereafter cease to be outstanding. The Company will continue to monitor the market conditions and its financial structure and may further repurchase the outstanding 2024 Senior Notes as and when appropriate.