PGN Business and Operations Update

Contribution - Distribution Distribution Volume 900 824 850 800 750 700 650 600 (MMscfd) 865 Year-on-Year Basis +11% 849 Growth In Gas Sales 802 803 772 767 550 500 2013 2014 2015 2016 2017 9M-2017 9M-2018 Wood 0,04% Lifting Oil 0,24% Cement 0,35% CNG ■1% Textile 2% Basic Metal 3% Others 3% Paper 5% Glass 5% Fabricated Metal 6% Food Ceramic Chemical Power Plant 9% 10% 14% High power consumption by 21% • Sustainable industry recovery by 4% Natural gas more competitive against all oil products Industrial Consumption of Total Sales Volume Five Biggest Segments Number of Customers As of 30 September 2018 Commercials, Industries and Power 99.5% of total sales volume 2,277 Customers (+35 customers) Households and Small Businesses 0.5% of total sales volume 41% 201,647 Customers (+7.668 customers) Natural Gas Price vs Other Alternative Fuels Natural Gas avg PGN 8,36 PGN Average Selling Price LPG - 3 kg (Subsidized) 9,16 +9% MFO 180 20,62 +146 % LPG - 50 kg 19,98 +138% Kerosene 20,11 +140% IDO/MDF/MDO 26,60 +218% Gasoline 88 25,16 +200% LPG - 12 kg 26,73 +219% HSD 29,47 +252% Exchange Rate IDR/USD: 14,929 (as of 30 Sept 2018) USD/MMBTU

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