Expanding in Circular Economy

GOVERNMENT TAKE CONTINUES TO HAVE SIGNIFICANT EFFECT PROPORTIONAL EXTRA BURDEN WELL ABOVE 2022 LEVELS IN 2023 EXTRA GOVERNMENT TAKE 1 (USD MN) 1,076 1,061 Ural-Brent spread 203 Extra mining royalty + penalty fee 336 Extra revenue based tax 113 Extra retail tax and price caps (2) CO2 quota tax Percentage of Clean CCS EBITDA 760 292 315 47 71/ 2022 (1-9) 2022 (1-9): 30% 2023 (1-9) 2023 (1-9): 50% COMMENTS Government take amounts to half of EBITDA in 2023 YTD, above 2022 levels ▸ New CO2 tax introduced in Hungary retrospectively from 1 January 2023 Estimated full impact ca. USD 100mn p.a. In 2023, tax calculated for Q1-Q3 of USD 71mn to Q3 results Royalty rates in Hungary to decrease Lower royalty rates apply retroactively from 1 September 2023 but September gain is to impact Q4 and not Q3 Other levies unchanged in Q3 2023 and point towards normalisation in 2024, albeit the risk of unfavourable change In taxation remains high 1 The chart shows the extra tax burdens compared to 2021 regulatory regime. 2 Extra retail tax and price caps include the effects of: Hungarian extra retail tax, Hungarian wholesale & retail price cap, Croatian capped gas prices, Retail price caps. A change in methodology in calculating Hungarian retail tax and price cap effects in Hungary resulted in a downward adjustment since last quarterly report on 4 August 2023. MOLGROUP | 65

View entire presentation