⚖️ LAUGFS Suspends Dubai Unit (Slogal Energy) After US Sanctions

• LAUGFS Gas PLC has suspended all commercial operations of its Dubai-based subsidiary, Slogal Energy DMCC, pending a full compliance review. • The decision follows the US Treasury’s Office of Foreign Assets Control (OFAC) naming Slogal Energy for allegedly purchasing and selling Iranian-origin Liquefied Petroleum Gas (LPG) shipments to Sri Lanka and Bangladesh. • LAUGFS asserts Slogal Energy “never knowingly engaged in, or facilitated, any trade involving sanctioned entities or products of sanctioned origin,” stating all transactions followed international trade practices with supporting documentation. • The company is undergoing a legal and compliance review with US sanctions counsel and plans to petition for Slogal Energy DMCC's delisting from the US Treasury's Specially Designated Nationals (SDN) list. • Importantly, LAUGFS confirms its domestic LPG distribution business in Sri Lanka remains unaffected by this development.