Quarterly Activity Report

Disclaimer

This Quarterly Activity Report and its contents are for information purposes only. Except as specified in this

Report, financial information is unaudited. No reliance may be placed for any purpose whatsoever on the

information contained in this Report or on its completeness. The information and opinions contained in this

Report do not purport to be comprehensive. No representation or warranty, express or implied, is given by

Kuwait Energy or any of its affiliates or their respective directors, officers or employees or any other person

as to the accuracy or completeness of the information or opinions contained in this Report and no liability is

accepted for any such information or opinions.

This Report does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of

any offer to purchase or subscribe for any securities in Kuwait Energy, nor shall it or any part of it or the fact

of its distribution form the basis of, or be relied on in connection with, any contract or investment or

decision in relation thereto.

Certain statements in this Report are forward-looking statements. By their nature, forward-looking statements

involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ

materially from those expressed or implied by the forward-looking statements, a number of which are beyond

Kuwait Energy’s control. Any forward-looking statements are hypothetical with respect to prospective events

and should not be construed as being indicative of the actual events which will occur or a guarantee of future

performance. Also, any such statement that refers to past trends or activities should not be taken as a

representation that such trends or activities will necessarily continue in the future. Important factors that could

cause actual results to differ materially from those indicated in the forward-looking statements include, among

others: Economic, political, security and social conditions in the countries in which the Group operates, the

Group’s ability to successfully implement its strategy and growth plans; changes in the market price of oil and

gas; unplanned events including strikes; and changes in legal and regulatory regimes. You should not place any

reliance on any projections, targets, estimates or forecasts, which speak only as of the date of this Report.