and market outlook; • Engaged our internal valuation experts to perform the following: - assess the appropriateness of the methodology adopted by management in determining the fair value of the identified assets acquired and liabilities assumed in accordance with MFRS 13 “Fair Value Measurement”; and - assess the reasonableness of the discount rates used in the underlying cash flow projections; • Checked the calculation of the provisional goodwill arising from the acquisition, being the difference between the total purchase consideration and the provisional fair values of identification net assets acquired; and • Assessed the adequacy and appropriateness of the disclosures relating to the acquisitions in the Group's consolidated financial statements. Based on the procedures performed above, we did not find any material exceptions to the Directors' judgements with respectto the key assumptions applied to the PPA exercises of the acquisitions. Information other than the financial statements and auditors’ report thereon The Directors of the Company are responsible for the other information. The other information comprises the Directors’ Report and the Statement on Risk Management and Internal Control, which we obtained prior to the date of this auditors’ report, and other sections of the TNB Integrated Annual Report 2023, which is expected to be made available to us after that date. Other information does not include the financial statements of the Group and of the Company and our auditors’ report thereon. INDEPENDENT AUDITORS’ REPORT To The Members of Tenaga Nasional Berhad (Incorporated In Malaysia) (Registration No. 199001009294 (200866-W)) TENAGA NASIONAL BERHAD Integrated Annual Report 2023 368 REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS (CONTINUED) Information other than the financial statements and auditors’ report thereon (continued) Our opinion on the financial statements of the Group and of the Company does not cover the other information and we do not and will not express any form of assurance