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Company Overview

2

Focused on proven oil regions in MENA

Diversified Asset Portfolio

(1)

o

Since establishment in 2005, Kuwait Energy has built a

diversified, majority operated asset portfolio

(2)

o

Established track record; recognised by governments

and peers as a trusted and capable partner

o

Shareholder focused and prudent financial policy

BEA

ERQ

Area A

Abu

Sennan

Block 9

Block 49

KSF

Siba

Mansuriya

Block 5

Kuwait

Iraq

Egypt

Yemen

Oman

Exploration

Development

Production

Company Highlights

10

Assets across four countries,

seven operated

(2)

810

mmboe

2P WI reserves, 85% liquids

1,040

mmboe

26.8

kboepd

YE 2017 average WI production

(1)

(3)

(3)

2C WI resources, 86% liquids

Source: Company filings, GCA report.

Note: Reserves and resources figures based on GCA report as at 31 December 2016, excludes Oman reserves due to service contract restrictions. Totals may not equal the sum of individual entries due to rounding.

(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) Throughout the presentation, gas reserves/resources recorded in standard cubic feet are converted to barrels of oil equivalent using a conversion factor of 5 for Abu Sennan and 6 for

all other assets.