Investor Presentaiton

History of Aramco Operating Independently Defined Shareholder Relationship Rule-Based Relationship with the Government _ • Clear alignment and governance • Only four KSA - Aramco touchpoints in codified relationship: MSC | Production | Royalties | Taxes Structured Regulatory Environment • Codified hydrocarbon law • Revised concession agreement with the Government Codified Fiscal Terms • Company bylaws •Aligned with peers • Market based domestic pricing framework • Progressive royalty scheme, with marginal rate amended to 15% for Brent price up to $70/bbl, 45% for Brent price between $70/bbl and $100/bbl, and 80% for Brent price above $100/bbl We Operate Under a Robust Governance Framework and Aligned Interests with the Government 1. Effective from 1 January 2020 5 أرامكو السعودية saudi aramco

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