Investor Presentaiton

GOI POLICY ON ROYALTY & CESS Previously Royalty & Cess Revenue Paid 100% by Licensee and not cost recoverable Revenue Contract Costs Exploration Development Investor presentation Q3 2019-20 After Gol Policy on Royalty & Cess Royalty & Cess To be shared by JV parties in ratio of their Pl and cost recoverable as contract costs Contract Costs Exploration Development Production Royalty & Cess To be shared by JV parties in ratio of their share of unrecovered cost Production Cost Petroleum Cost Petroleum To be shared by JV parties in ratio of their share of unrecovered cost Profit Petroleum Up to 100% of annual revenue is allowed for cost recovery. Any amount left after cost recovery becomes Profit Petroleum to be shared with Gol basis IM and JV parties in ratio of their PI Differential returns to Licensee and other JV Parties IM - Investment Multiple; PI - Participating Interest 20 | HINDUSTAN OIL EXPLORATION COMPANY LIMITED Profit Petroleum Up to 100% of annual revenue is allowed for cost recovery. Any amount left after cost recovery becomes Profit Petroleum to be shared with Gol basis IM and JV parties in ratio of their Pl Returns get equalised facilitating additional investments Impacts Dirok and CB-ON-7 H EC

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