History and Future Strategy of Oando

4 Financial Highlights Oando Profit & Loss Statement 2014 Revenue Contribution 2014 EBITDA 2014 Net Profit Contribution2 Contribution² $' Million 9M Sept 2015* 2014 2013 2012 Revenue 1,347 2,561 2,944 4,190 Revenue Growth (38%) (13%) (30%) 15% 3% 7% EBITDA 175 271 306 237 EBITDA Margin 13.0% 10.6% 10.4% 5.7% 36% Net Income (246) (1,106)' 9 69 Net Income Margin (18.2%) (43.2%) 0.3% Balance Sheet Statement 1.7% 85% 90% 64% $' Million 9M Sept 2015* 2014 2013 2012 Fixed Assets 2,888 1,688 1,101 839 Cash & Bank 99 255 178 86 Short Term Debt 1,092 1,683 1.182 1,376 6% 5% Long Term Debt 780 878 463 484 4% Net Debt 1,772 2,412 1,466 1,026 Total Equity 279 246 1,046 679 * 9 Months September, 2015 Unaudited Results 1 Includes $1,007M in impairments 2 Reflects positive contribution from entities 3 ODS Oando Downstream E&P OES OGP ■ODS³ 杯 TH L

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