The Board of Directors of PETRONAS Gas Berhad announced that it has on 20th June 2022 awarded an Engineering, Procurement, Construction and Commissioning contract for the extension of lateral gas pipeline to ND Paper Malaysia (Selangor) Sdn. Bhd. in Banting, Selangor to CONSORTIUM OF CARIMIN ENGINEERING SERVICES SDN. BHD. AND I DRILL PIPELINES CONSTRUCTIONS SDN. BHD. based on competitive bidding. NEW EXTENSION OF LATERAL PIPELINE PROJECT: As part of PGB's Gas Transportation business, PGB will be constructing an approximately 10km lateral pipeline and metering station to supply natural gas to a paper making plant; ND Paper Malaysia (Selangor) Sdn. Bhd. located in Banting Industrial City, Banting, Selangor. This Project is targeted to be completed and commissioned in August 2023. TOTAL INVESTMENT COST: The total investment cost for the Project is estimated at MYR 92 million. SOURCE OF FUND: PGB intends to utilize its existing Islamic financing facility to fund the Project cost. APPROVALS REQUIRED: The Project is not subject to the approval of shareholders of PGB or any relevant authorities.