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PLEASE CALL 15454

Fuel Cost Compensation And Lower Coal Prices Provided Some Relief To Tenaga

18/07/2012

Kuala Lumpur, 19 July 2012 - Tenaga Nasional Berhad (TNB) today announced a net profit of RM619.1 million for the 3 months period ended 31st May 2012 (3QFY12).

For the nine-month period ended 31st May 2012, the Group reported a net profit of RM3.2 billion mainly due to the recognition of the fuel cost compensation.

Summary of highlights:

3 months ended 31st May FY2012 (3rd Quarter )

- Net profit of RM619.1 million - Recognition of fuel cost compensation for Nov’11 - May’12 - 6.5% increase in Group Revenue as compared to 2nd Quarter FY2012 against a 5.9% decrease in Operating Expenses - Average coal price of USD104.3/mt as compared to USD108.5/mt in the previous quarter - EBITDA margin at 29.4% as compared to 47.0% reported for the previous quarter

9 months FY2012

- Net profit of RM3,189.7 million - 14.8% increase in Group Revenue against an 8.2% increase in Operating Expenses - Average coal price of USD107.5/mt as compared to USD103.0/mt in the YTD 3rd Quarter FY2011 - 4.2% Unit electricity demand growth in Peninsular Malaysia - EBITDA margin at 31.1% as compared to 21.1% reported for the corresponding period in FY2011

The Group’s performance in the 3rd Quarter FY2012 compared to 2nd Quarter FY2012 recorded a 6.5% increase in revenue from RM8,628.2 million to RM9,191.0. However, the Group’s operating expenses declined by 5.9% from RM7,763.1 million to RM7,305.1 million in the 3rd Quarter due to the recognition of fuel cost compensation for the nine-month period in FY2012. The fuel cost compensation was offset against generation costs.

Comparing the Group’s performance for the nine-month period in FY2012 against the corresponding period in FY2011, operating expenses increased to RM23,399.0 million in current period from RM21,621.1 million reported in the corresponding period last financial year, representing an increase of 8.2%. The increase was mainly attributed to higher generation cost from higher usage of alternative fuels, higher average price of coal and increased coal consumption.

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