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IEV SECURES TWO CNG SUPPLY AWARD FROM PT INDOFOOD CBP SUKSES MAKMUR TBK

PT IEV Gas (“IEV GAS”) has entered into two separate Gas Sales Agreements (“GSAs”) to supply compressed natural gas (“CNG”) to two divisions of PT Indofood CPB Sukses Makmur Tbk (“PT Indofood”) – the Noodle Division and the Nutrition & Special Food Division manufacturing plants in Padalarang, Bandung for a period of 12 and 24 months respectively ). Pursuant to the GSAs, PT Indofood will, over the respective Supply Periods, purchase more than 600,000 million British thermal units (“MMbtu”) of CNG (the “Nominal Volume”) at a fixed price per MMbtu of CNG, for both manufacturing plants in its Noodle and Nutrition & Special Food Divisions. PT Indofood has also committed to a minimum off-take of eighty percent (80%) of the Nominal Volume during the Supply Periods.