Investor Presentaiton

14 888523220 90 Apr-2016 Jun-2016 MARKET OUTLOOK Aug-2016 Oct-2016 Dec-2016 Apr-2017 Feb-2017 Jun-2017 Aug-2017 Historic Brent Price ($/bbl) Oct-2017 Dec-2017 Apr-2018 Jun-2018 Aug-2018 Feb-2018 Oct-2018 Dec-2018 Apr-2019 Jun-2019 Aug-2019 Feb-2019 Oct-2019 Dec-2019 0.5 Investor presentation Q3 2019-20 Gol Price of Domestic Gas ($/mmbtu) 3.69 4 3.36 3.23 3.5 3.06 3.06 2.89 3 2.5 2.48 2.5 2 1.5 1 0 0 Apr'16-Sep'16 Oct 16-Mar'17 Apr'17-Sep'17 Oct'17-Mar'18 Apr'18-Sep'18 Oct'18-Mar'19 - - - Indian E&P industry opening up due to key policy changes and introduction of regular OALP / DSF bid rounds by GOI and production enhancement contracts by PSU Focused Policy Thrust to Grow Gas Economy through City Gas Distribution, Big Boost to North East Gas Grid through Viability Gap Funding Multiple inorganic opportunities available in core operational areas; Opportunities in Oil Field Services Sector Domestic Gas price from Oct 2019 to Mar 2020 decreased to $3.23/mmbtu- current pricing model requires revision PY-1 gas is sold under long-term fixed price contract at $3.66/mmbtu on existing discoveries | HINDUSTAN OIL EXPLORATION COMPANY LIMITED Apr'19-Sep'19 Oct 19-Mar'19 HOEC

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