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Investor Presentaiton

South Africa Block 11B/12B EPS Development Progressing Assessing Early Production System (EPS) with existing nearby infrastructure • Preparing Field Development Plan, Environmental Application and Production Right Application for submission by September 2022 Final Investment Decision (FID) targeted for 2023 • First production targeted by end of 2025 Full Paddavissie Fairway development expected as domestic gas market expands Wells SPS SURF Riser FA Block 11B/12B Block 9 WD 1700m Well Slide 10 PLET Well Manifold Tee for future CPF Connection Well 119 km WD 105m FA Platform in Block 9. Pipes to shore FA Platform Mossel Bay PetroSA GTL plant/ Eskom power plant Subsea Cable AE AFRICA ENERGY GTL/Power Plant 90 km SPS Subsea Production System SURF - Subsea Umbilicals, Risers Flowlines GTL - Gas-to-Liquids PLET - Pipeline End Termination CPF - Central Processing Facility Africa Energy | March 2022
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