Investor Presentaiton

Contribution - Distribution Reaching New Heights Distribution Volume 1000 Year-on-Year Basis +8% 967* 950 898 865 900 824 850 802 803 800 750 (MMscfd) 700 650 • High power consumption by 19% (YoY) • Sustainable industry recovery by 2% (YoY) . Natural gas more competitive against all oil products Industrial Consumption of Total Sales Volume Notes: *) In 2019, PGN is going to adjust its consolidated distribution volume by 38 MMScfd as non-facilities gas traders will be prohibited in accordance with the Ministerial Decree of Energy and Mineral Resources No. 6/2016 comes into effect Number of Customers As of 31 December 2018 600 550 500 2013 2014 2015 2016 2017 2018 Wood 0,03% Lifting Oil 1 0,2% Cement ■ 0,3% CNG 1% Textile 2% Basic Metal 3% Others 3% Paper 4% Glass 4% Fabricated Metal 5% Food 8% Ceramic 8% Chemical 12% Pertagas Customers 13% Power Plant pgn Natural Gas Price vs Other Alternative Fuels PGN Average Natural Gas - avg PGN 8 Selling Price LPG 3 kg (Subsidized) 9,11 +15% MFO 180 18,44 +133% 19,89 +151% 20,03 +153% IDO/MDF/MDO 21,41 +170% Gasoline 88 19,83 +150% LPG - 12 kg 22,45 +170% HSD 24,38 +208% Five Biggest Segments 35% Commercials, Industries and Power 99.6% of total sales volume 2,290 Customers (+48 customers) Households and Small Businesses 0.4% of total sales volume 220,053 Customers (+26.074 customers) LPG - 50 kg Kerosene Exchange Rate IDR/USD: 13,548 (as of 31 December 2018) USD/MMBTU 8

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