Economic and Fiscal Update

Key Achievements in the Non-Oil Sectors Major progress made in the fastest-growing non-oil sectors include: ECONOMIC DIVERSIFICATION Mining and Mineral Processing Agriculture and Agribusiness Industry and manufacturing ■ Moanda-Franceville metallurgic cluster currently under development building on Comilog's existing mining facilities and including: ■ C2M silico-manganese factory that aims at transforming up to 35% of the total manganese production in the medium term ■ Noga Mining's planned metal manganese facility with an initial capacity of 750,000t ■ Belinga iron ore project: ■ Technical studies to be finalized at end-2015 ■ Set up of a dedicated engineering school: "Ecole des Mines de Moanda " in early 2015 Public private partnership with Singapore-based OLAM to develop: ■ Palm oil plantations (100,000 ha), to enter into production in 2015 ■ Rubber plantation (28,000 ha), to enter into production in 2019 ■"Grain" project to develop agricultural entrepreneurship Total investment of US$1bn 3,800 job creation potential ■ PPP with Tropical Holdings to develop fishery value chain signed in 2014 ■ Special Economic Zone of N'Kok (1,126ha area) developed on a PPP basis with Olam (which owns 60% of the zone), for a total investment of US$400m ■ Basic infrastructure works completed in 2013 ■ One-stop shop for investors in operation ■ 60% of industrial land allocated ■ 8 companies already operating and exporting, 10 companies in construction phase, over 70 foreign investors registered ■ Key focus: wood processing, metal recycling ■ Special Economic Zone of Port-Gentil legally established and land fully serviced ■ 3 anchor investors in place: Olam (fertilizer project); Samsung (refinery project); OCP (phosphate-based fertilizer project) Sources: Ministry of Economy, Promotion of Investments and Prospective 24 14

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