PGN Business and Operations Update

Oil & Gas Holding Gas Sub Holding Business Scope | I I 28 Nov 2017 25 Jan 2018 Ministry of SOES Request Letter for PGN's Extraordinary GM No. S-682/MBU/2017 PGN's Extraordinary GM Recent Event - Oil & Gas Holding Integration Pertagas into PGN Corporate Actions Shareholder's Actions On-going process Completed PGN subs of Pertamina PERTAMINA Sourcing Strategy PGN Valuation of Pertagas Changes of Articles of Association 29 June 2018 Signing of CSPA 26 Apr 2018 Shareholders Approval (AGM) Target Completion 28 Feb 2018 Ministry of SOEs Government Regulation (PP 6/2018) 28 Mar 2018 PERTAMINA Changes of Articles of Association Decree of MoF (No.286) 13 Apr 2018 Shareholders Approval PGN's Strategic Focus on Gas pgn energy for life A member of Pertamina Legend TBC PGN's business line PTG & PTGN's business line Sourcing Execution Retail and Transmission Distribution Trading Storage & Processing Gas Utilities Support Others Pertamina as O&G Holding Co and Integration of Pertagas into PGN ■ In line with the Government's Oil and Gas Holding strategy, PGN's as Pertamina's subsidiary will act as the gas subholdco managing integrated gas businesses (midstream and downstream) Through the acquisition of Pertagas (PTG) and Pertagas Niaga (PTGN), PGN's will strengthen their transmission, distribution, retail and trading business lines by consolidating PTG and PTGN's operations 16

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