YE-21 CAPEX and Cash Flow Forecast

CLASSIFICATION: C1 - CONTROLLED Competitive strengths 12 Low cost smelter Proven ▸ ▸ State of the art production facility and technology deployed Assured feedstock supply and competitively priced energy High focus on Health and Safety and Environment financial position Positive share of operating profit & EBITDA margins from JV Healthy share of operating cash flow generation from JV Strong ▸ 51% held by QatarEnergy partn- ▸ Experienced senior management team ership ▸ Reputable industry leader as joint venture partner (Norsk Hydro) Effective QAMCO's JV is one of the leading cost efficient global producer of primary aluminium with a strategic location in close proximity to key markets market- ing ▸ Well diversified customer base through marketing & distribution agreement with Hydro QAMCO, IR Presentation, YE-21

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