Ann: LNGL secures important Tax Incentive for Magnolia LNG, page-5

LNGL SECURES IMPORTANT TAX INCENTIVE FOR MAGNOLIA LNGLNG Limited (ASX: LNG, OTC ADR: LNGLY) (LNGL or the Company) is pleased to announce that MagnoliaLNG (Magnolia) has received its Industrial Tax Exemption Program (ITEP) incentive from the State ofLouisiana following approval by the Louisiana Board of Commerce and Industry, local governments andGov. John Bel Edwards. The ITEP program is designed to offer a tax incentive for manufacturers who makea commitment to jobs and payroll in Louisiana. Magnolia was eligible for the property tax incentive for aportion of the building and materials, machinery and equipment, and labor costs of Magnolia, a $4.354billion project. Magnolia will generate 1,500 construction jobs and 200 permanent direct positions forLouisiana, as well as substantial cascading benefits into the Southwest Louisiana region and the State ofLouisiana overall.The savings from this exemption improve Magnolia’s competitiveness in the global LNG market andprovide an important economic boost to help the project along its path to a final investment approval