TAQA FY 2020 Proforma Consolidated Results and Dividend Policy

Water desalination Power generation Generation energy and technology mix Clear and rapid transition to clean technologies Old TAQA (pre-merger) New TAQA (post-merger) New TAQA (pro-forma end-2023) Thermal (natural gas) ■Thermal (natural gas) ■Thermal (natural gas) Thermal (coal) 1% renewables Thermal (coal) 6% renewables ■Thermal (coal) 13% renewables Renewable (wind) 1% 14% Renewable (solar PV) Renewable (wind) 5% Renewable (solar PV), Renewable (wind) 12% 11% 9% 17.1 GW1 22.0 GW1 25.7 GW1 85% 83% 78% ■Thermal (natural gas cogeneration) Electric (reverse osmosis) 89% 11% reverse osmosis ■Thermal (natural gas cogeneration) 14% reverse ■Thermal (natural gas cogeneration) osmosis 11% Electric (reverse osmosis) 14% Electric (reverse osmosis) 29% 909 MIGD 913 MIGD 1,113 MIGD 71% 86% Currently targeting >20% share of solar and >50% share of reverse osmosis within TAQA's UAE generation capacities by 20302 1. Excluding TAQA's stake in Sohar Aluminium (Oman), a smelter with a 1GW captive power generation plant; 2. As per initial Strategy Direction announced 3 August 2020 29% reverse osmosis 15 TAQɅ

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