September 21st, 2011

Participation in a Natural Gas Fired Power Station in Belgium

Tokyo Gas Co., Ltd. Tokyo Gas Co., Ltd. (President: Mr. Tsuyoshi Okamoto, hereafter “Tokyo Gas”) is pleased to

announce that the company has signed a definitive agreement to purchase shares in T-Power N.V., a natural gas fired power station in Belgium, from Siemens Project Ventures (hereafter “SPV”) and Tessenderlo Chemie (hereafter "TC”). This is the first time for Tokyo Gas to participate in power generation business in Europe. The transaction is still subject to approval by the authorities, other shareholders rights, and third party consents.

Tokyo Gas will establish TG Europower as a subsidiary of Tokyo Gas International Holdings, a subsidiary for foreign investments, and will acquire a total of 26.66% interest (13.33% each from SPV and TC) in T-Power via TG Europower. T-Power is a natural gas fired power station located in an industrial park in the northern part of Belgium. The plant has been operating since June 2011 under a

tolling agreement*1 with RWE group, a major power company headquartered in Germany, and is

expected to generate stable income over the long term.

This investment is a part of Tokyo Gas’ mid-term strategy to spend a total of 150 billion yen for investments in upstream/overseas projects, as per “Tokyo Gas Group Medium-term Management Plan FY2009 - 2013”.

Furthermore, this is the third investment for Tokyo Gas to participate in overseas power generation projects following a couple of investments in Mexico. Tokyo Gas seeks to further enhance businesses related to the LNG value chain, including acquisitions of upstream interests.

*1: Tolling agreement

Tolling agreement is a contract where the off-taker of electricity will undertake the obligation to supply fuel for power generation. In this project, RWE group undertakes the obligation to supply fuel and purchase the power generated by T-Power. The term of the contract is 15 years (with an option to extend for additional 5 years).

Location: Tessenderlo, Belgium

Generation Capacity: 425,000kW Gas Turbine: SGT5-4000F Fuel: Natural gas Commercial Operation Date: June 15, 2011

Company Name: Siemens Project Ventures GmbH Established: 1994

Head Office: Erlangen, Germany

Shareholder: Siemens Financial Services GmbH (a 100% subsidiary of

Siemens AG)

Business Description: Siemens Project Ventures invests in promising infrastructure projects worldwide. In the energy sector Siemens Project Ventures has already participated in the development of 14 international power plant projects with an overall capacity of more than 8,196 MW.

Number of Employees: Approx. 40

Company Name: Tessenderlo Chemie NV Established: 1919

Head Office: Brussels, Belgium

Revenue (2010) 2.4 billion Euro

Business Description: A speciality group, which provides solutions for global needs in food, agriculture and water management, with over 100 plants worldwide

Number of Employees: Approx. 7,200

Before acquisition

TessenderloChemie33.33%Siemens Project Ventures33.33%InternationalPower33.33%

As of September 21, 2011 13.33%

13.33%

After acquisition

TessenderloChemieTG EuropowerSiemens Project VenturesInternationalPower20.00% 26.66% 20.00% 33.33%

T-Power N.V.