Robust Business and Operating Model

Robust Business and Operating Model Long term contracts and infrastructure business model generates stable and recurring revenues • Long term contracts of typically 25+ years • • Long-term contracts underpin business model Only construct plants on guaranteed offtake contracts with take-or-pay structures Limited contract renewal risk • Less than 5% of the company's contracted capacity maturing within five years • • Around 10% maturing within ten years Low contract termination risk – once a customer is connected to DC, it is not economical to switch to alternative cooling infrastructure Factors that support contract renewal at or before expiry include: • Useful life of plant, equipment and network is expected to exceed contract terms • Currently, no viable or economical alternative is available for customers whose developments have been designed for DC Tabreed's network of pipes and existing infrastructure put Tabreed in a favourable position for contracts to be renewed Long-term contracts underpin business model 100% 100% 99% 99% 97% 97% 97% 93% 89% 89% 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Contracted Revenue | 13 tabreed

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