Antargaz’ Fiscal 2011 results were negatively affected by warmer than normal late winter
and spring weather resulting in an early end to the heating season. Antargaz’ results also
include $9.4 million from the reversal of a nontaxable reserve associated with the French
Competition Authority Matter. Antargaz results in Fiscal 2011 were approximately $7.3
million lower than in Fiscal 2010 due to year-over-year differences in euro to dollar
currency rates.