Condensed Interim Financial Statements for the Three Months Ended March 31, 2019

For the first quarter of 2019, Trinidad and Tobago NGL Limited (TTNGL) recorded after-tax profit of TT$45.8 million. This translated into earnings per share of TT$0.30.

The decline in Mont Belvieu product prices which began in Q4 2018, continued into 2019 and impacted the performance of the Company’s underlying asset, Phoenix Park Gas Processors Limited (PPGPL) for the reporting period. Positively, the PPGPL business has continued to exhibit a high degree of resilience to these environmental factors by delivering the following, which had the collective impact of mitigating the impact of lower product prices.