TAQA H1 2021 Results - Energy Transition and Financial Performance

Water desalination Generation energy and technology mix Clear and rapid transition to clean technologies Old TAQA (pre-transaction) Power generation New TAQA (current, Q2 2021) Thermal (natural gas) ■Thermal (natural gas) Thermal (coal) 1% renewables Thermal (coal) Renewable (wind) 1% 14% Renewable (solar PV) Renewable (wind) 11% ■Thermal (natural gas cogeneration) Electric (reverse osmosis) 17.1 GWac¹ 85% 21.3 GWac¹ 84% New TAQA (proforma end-2023) 5% renewables ■Thermal (natural gas) ■Thermal (coal) 11% renewables Renewable (solar PV) Renewable (wind) 1% 10% 9% 24.5 GWac¹ 80% 11% reverse osmosis ■Thermal (natural gas cogeneration) 14% reverse osmosis ■Thermal (natural gas cogeneration) 11% Electric (reverse osmosis) 14% Electric (reverse osmosis) 29% 909 MIGD 913 MIGD 1,113 MIGD 71% 89% 86% 29% reverse osmosis Targeting >30% share of renewables and 2/3rds share of reverse osmosis within total Group generation capacities by 20302 1. Alternating current capacity and excluding TAQA's stake in Sohar Aluminium (Oman), a smelter with a 1GW captive power generation plant; 2. As per updated strategy announced 24 March 2021 20 TAQɅ

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