TGS Financial and Infrastructure Overview

Natural gas transportation tariff status 8 tgs- Last tariff increase under the 2017 ITR: 26% (April 2019). Emergency law (December 2019) and decrees: 1) Suspension of 2017 ITR. 2) New ITR (deadline in December 2023). 3) No mandatory capex and prohibition to pay dividend until ITR is ended. 4) ENARGAS is authorized to grant transitional tariff adjustments. March 2022: TGS was granted a 60% tariff increase. ⚫ Public hearing held on January 4, 2023 for another transitional tariff adjustment. TGS requested a 135% effective from March 2023. April 2023: 95% tariff increase starting April 29, 2023. ⚫ Pending tariff adjustment under 2017 ITR as of August 2023: 265%.

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