TAQA FY 2020 Proforma Consolidated Results and Dividend Policy

Corporate governance Guiding Principles TAQA's corporate governance policy is based on the principles of transparency, fair disclosure, financial supervision and accountability; follows the rules laid out for all UAE-listed entities¹ • These principles are essential to establish a successful governance framework and laying down the foundations and methodologies to achieve TAQA's goals in line with the interests of its clients, shareholders and employees TAQA Current Board & Management Committees Board Audit Committee Nomination & Remunerations Committee Code of Business Ethics Business Continuity Relevant Policies and Priorities Delegation of Authority HSSE Management Information Security Whistleblowing Strategy & Investment Committee Responsibilities of the Board of Directors Setting the Group's strategy and business principles Supervising the Group's executive management Supervising the adequacy of the human resources required to implement the Group's strategies • Supervising the adequacy and effectiveness of internal controls and corporate governance Approving investments, business plans, budgets and financial statements of the Group Ensuring that shareholders receive accurate, timely and appropriate information Dealing in Company Shares No Board Members or their direct family members traded in TAQA's shares during 2019 External Auditors Deloitte became the independent auditor for TAQA from 1 July 2020, replacing Ernst & Young Middle East; this appointment was confirmed during the Group's AGM on 29 April 2020 Executive Management Committee Executive Management Investment Committee Risk & HSE Committee Internal Audit Department Compliance Department HSSE Department Enterprise Risk Management Department Business Continuity Department Corporate Governance and Organisational Structure reflect changes post-merger but may undergo further review 1. Based on SCA's Resolution No.3 of 2020 concerning the Standards of Institutional Discipline and Governance of Public Shareholding Companies. 27 TAQɅ

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