Inspiring Tomorrow - Corporate Presentation

PREMIA OVER PRICE BENCHMARK Proven ability to realize consistent premia over benchmark and maximize netbacks (1) Premia over Benchmark Prices (2) and Average Sales Price (ASP) (3) Polyethylene Polypropylene Product Premia (in $ /t) 1,421 334 1,103 981 ASP 140 122 Premia (4) 963 859 1,087 ■Benchmark 2019A 2020A 2021A (in $ /t) 1,130 1,313 147 1,004 104 ASP 97 ■Premia (4) 1,026 1,166 907 ■Benchmark (in $ /t) 2019A 2020A 2021A PE 140 -PP 104 122 97 334 147 2021A Commentary بروج 777 Borouge ■ Contraction in 2020 average sales prices driven by overall weaker benchmark prices due to Covid-19 impacts ■ Implied price premia kept stable compared to 2019, demonstrating the resilience of the premia, driven by the significant customer value-add that Borouge's products are offering ... ▪ ... and mix effects from increased focus on higher value infrastructure segment following PE3 revamp in 2019 starting to come into effect in 2020 ■ Small decrease in PP premium in 2020 driven be higher sales volumes Logistical disruptions in 2021 led to higher price differential across the regions (NEA lower than ROW), which Borouge took advantage of, realizing higher netbacks in Western markets, hence increasing implied premium over NEA benchmarks Average Sales Price, equal to Gross Revenue over Sales Volume i.e. including commissions 2019A 2020A Sources: Company Information, IHS Markit 3) 1) Refers to realized price of a commodity product net of freight and other transportation costs 4) Equal to difference between ASP and Benchmark Price 2) 69 Benchmark prices represent HDPE Blow Molding NEA CFR and PP Raffia NEA CFR prices as per IHS Markit data Corporate Presentation | April 2022 INSPIRING TOMORROW

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