PT Perusahaan Gas Negara Tbk (the "Company") announced that it has commenced a tender offer to purchase for cash (the "Tender Offer") an aggregate principal amount of up to USD 400,000,000 (as such amount may be changed by the Company in its sole discretion, subject to applicable law) (the "Maximum Purchase Amount") of its outstanding USD 1,350,000,000 5.125% Senior Notes due 2024, CUSIP: Y7136Y AA 8, ISIN: USY7136YAA83 (Regulation S) and CUSIP: 69367P AA 4, ISIN: US69367PAA49 (Rule 144A) (the "Notes"). Holders of Notes who validly tender (and do not validly withdraw) their Notes (i) at or prior to the 5:00 p.m., New York time, on December 9, 2022 (the "Early Tender Deadline"), will receive in cash, for Notes accepted for purchase by the Company, a purchase price of USD 1,005.5 per USD 1,000 principal amount of the Notes (the "Early Tender Offer Consideration") or (ii) after the Early Tender Deadline but at or prior to the Expiration Time, will receive in cash, for Notes accepted for purchase by the Company, a purchase price of USD 999.5 per USD 1,000 principal amount of the Notes (the "Tender Offer Consideration").