NagaCorp Ltd. announced that between 9 August 2022 and 10 August 2022, the Company has in the open market repurchased part of the 2024 Senior Notes of an aggregate principal amount of USD 1,600,000, representing approximately 0.29% of the aggregate principal amount of the 2024 Senior Notes. The Board expects to cancel such repurchased 2024 Senior Notes, which will thereafter cease to be outstanding. The Company will continue to monitor the market conditions and its financial structure and may further repurchase the outstanding 2024 Senior Notes as and when appropriate.

Holders of the 2024 Senior Notes and other securities of the Company as well as potential investors should note that any repurchase of the 2024 Senior Notes from time to time by the Company will be subject to market conditions and will be at the Board's sole and absolute discretion. There is no assurance of the timing, amount or price of any repurchase of the 2024 Senior Notes or whether the Company will make any further repurchase at all. Holders of the 2024 Senior Notes and other securities of the Company as well as potential investors should therefore exercise caution when dealing in the securities of the Company.