Investor Presentaiton

WE ARE PLANNING OUR CAPACITY RENEWAL AND EXPANSION WHILE PREPARING TO PHASE DOWN OUR COAL ASSETS TNB's Projected Coal Capacity (2021-2035) MW 35000 30000 25000 20000 15000 10000 5000 Note: 0 Current Stage 1 Repowering KEV Repowering M1,2 and 3 Stage 2 TNB Peninsular Coal Capacity Other Peninsular Capacity New Peninsular Capacity Stage 3 50% phase- down of TNB coal capacity The Peninsular Power system will be building 6 GW new capacity in addition to repowering of expiring capacity up to 2035¹. This presents opportunities to expand our generation business in both non-coal thermal and RE. TNB plans to extend its dominance in the Peninsular Generation sector through the following: Delivering the most competitive bids for each new capacity Ensure win-win repowering proposals of our coal assets Extending the life of our existing hydro power plants Build on our existing partnership with Sunseap and EDF to scale our renewables growth within Malaysia Leading to 2035, we target to repower our 50% of our coal assets; Kapar Energy Ventures and Janamanjung (Unit M1-M3) as part of our commitment to a greener Malaysia. The capacity renewal of our thermal assets would come from the latest gas turbine technologies², in line with Malaysia Generation Development Plan 2020 plans to ensure supply reliability whilst contributing to the national efforts to reduce emissions. 1 Report on P. Malaysia Generation Development Plan 2020 (2021 - 2039) 2 Subject to final Government of Malaysia approval 14

View entire presentation