1. INTRODUCTION

On behalf of TNB’s Board of Directors, Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that TNB Power Generation Sdn. Bhd. (the “Issuer” or “TPGSB”), a wholly-owned subsidiary of TNB has on 10 March 2026, issued RM1.5 billion in nominal value of Sustainability Sukuk Wakalah (“RM1.5 billion Sustainability Sukuk Wakalah”) pursuant to the Sukuk Wakalah Programme.

CIMB Investment Bank Berhad (“CIMB”) and Maybank IB are the Joint Lead Managers/Joint Bookrunners for the RM1.5 billion Sustainability Sukuk Wakalah.

2. ISSUANCE DETAILS

The RM1.5 billion Sustainability Sukuk Wakalah is the third issuance from the Sukuk Wakalah Programme and was issued in 4 tranches as follows:-

The order book was oversubscribed by 5.33 times representing an order book size of RM8.0 billion against the issuance size of RM1.5 billion. This deal achieved a strong order-book from a broad range of investors of over 51 accounts.

3. UTILISATION OF PROCEEDS

The proceeds raised from the issuance of the RM1.5 billion Sustainability Sukuk Wakalah under the Sukuk Wakalah Programme shall be utilised by the Issuer for the eligible projects that meet the criteria as set out in the TPGSB Sustainability Sukuk Framework.

TPGSB Sustainability Sukuk Framework (which is available on TPGSB’s website at https://tnbgenco.com.my) has been accorded a “GOLD” rating by MARC Ratings Berhad as the independent external reviewer.

As a significant and wholly owned subsidiary of TNB, TPGSB will play an important role in supporting TNB’s sustainability aspirations and commitment in mitigating climate change by adopting greener, cleaner and more efficient power generation technology. This sustainability funding initiative by TPGSB demonstrate TPGSB’s commitment to support TNB’s aspiration to achieve net zero emission by 2050, a move towards decarbonisation and renewable energy.

This announcement is dated 12 March 2026.