Methanex Project Overview

28 Project overview Size: 1.8M tonne methanol plant Location: Geismar, Louisiana adjacent to existing Geismar 1 and plants (current capacity 2.2M tonnes) Key dates: - - - July 2019 reached a final investment decision April 2020 - placed project on temporary "care and maintenance" July 2021 board unanimously approved restarting construction October 2021 - construction restarted Commercial operations targeted for the end of 2023/early 2024 Reliable capital cost estimates: Revised capital cost estimate of $1.25-$1.35 billion Original estimate was $1.3-$1.4 billion Approximately $455M committed as of the end of Q3 2021 through the care and maintenance period Approximately $800-900M of remaining capital costs, after resuming construction, with healthy allowances to cover remaining risks MAMMOET MMOE

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