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Investor Presentaiton

The Gas Release Program, an asymmetrical regulation instrument to Pemex, seeks to promote the participation of new stakeholders in the industry Contracts that represent 30% of the volume and will remain as customers of Pemex Contracts that represent 70% of the Release portfolio: approximately 2.5 bcf volume and will be available for release • 20% of the volume (0.7 bcf) February 1st, 2017 Phase I CRE ✓ Process duration: at least one year Public Act (random selection of contracts) . 20% of the volume (0.7 bcf) • Date to be defined Phase II • 30% of the volume (1.1 bcf) . Date to be defined Phase III ✓ CRE will be able to merge Phase II and Phase III and reduce the time-lapse between them Total commercialization portfolio: approximately 3.6 bcf Deadline for the reception of applications: March 10th, 2017 Bcf: billion cubic feet Mcf: million cubic feet OUTCOMES OF PHASE 1: Contracts subject to release: 111 contracts (758 Mcf) Contracts that remain with Pemex: 133 contracts (1,104 Mcf) 20 20
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