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Shareholder Structure

(1)

Diverse Shareholder Base

Energy House

14%

Zahra Group

13%

Global

Investment

House

13%

Blue Ridge

8%

IFC

8%

Equity Group

8%

Other

36%

Energy House

An indirect subsidiary of Kuwait Finance House

(a large Islamic Bank)

Has been a shareholder since 2007

Global

Investment

House

An asset management and investment banking

company operating in 16 countries in MENA

Blue Ridge

A New York-based private equity fund

Has been a Kuwait Energy shareholder since

2008

Equity Group

A Chicago-based private investment firm

focusing on real estate, energy, logistics,

transportation, media and health care

IFC

A member of the World Bank Group

Involved with Kuwait Energy since 2009

Zahra Group

A Kuwait based private shareholding company

with business primarily in the oil & gas and

petrochemical sectors

Source: Company filing.

(1) Represents shareholdings excluding treasury shares.

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