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Since establishment in 2005, Kuwait Energy has built a diversified,

majority operated asset portfolio

(2)

Focused on proven oil regions in MENA

Established track record; recognised by governments and peers as a

trusted and capable partner

Shareholder focused and prudent financial policy

Production and Development Focused

Leading E&P Company

Diversified Asset Portfolio

(1)

Company Highlights

10

Assets across four countries,

seven operated

(2)

818

mmboe

2P reserves, 83% oil

942

mmboe

2C resources, 85% oil

24.6

kboepd

2016 average production

(1)

25.7

kboepd

2016 exit production

(1)

Source: Company filings, GCA report.

Note: Reserves and resources figures based on GCA report as at 31 December 2015, prior to Siba and Abu Sennan farm-out and excludes Oman Karim Small Fields reserves due to service contract restrictions.

(1) Block 5 and Block 49 currently not producing; Mansuriya currently under administrative hold. (2) Operated by either Kuwait Energy or subsidiaries of Kuwait Energy; this applies to the definition of operatorship

throughout this presentation. (3) Estimated liquidity headroom includes $27m cash balance at 30 September 2016 and $100 Vitol facility (signed in December 2016) of which $40m has been drawn down.

$127m

Estimated liquidity headroom

(3)

BEA ERQ

Area A

Abu

Sennan

Block 9

Block 49

KSF

Siba

Mansuriya

Block 5

Kuwait

Iraq

Egypt

Yemen

Oman

Exploration

Development

Production

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