History and Future Strategy of Oando

Gas & Power Overview 9M SEPT $Million 2014 2013 2012 2015 Revenue 1271 180 160 343 Revenue Growth (7%) 13% (53%) 191% EBITDA 27 29 60 97 EBITDA Margin 21% 16% 37% 28% Net Income 19 22 11 76 Net Income Margin 15% 12% 7% 22% Gas Link ASVECT Networks in Lagos & South East Independent Power Plants (IPP) CNG (Compressed Natural Gas) 29 125 km Pipeline Network 2 IPPS 5 mmscf/d (22.55MW of capacity) 1 Actual positive naira revenue growth, negated by the devaluation of the currency Oando Akute Power CNG Station Construction Awarded contract to build Central Processing Facility 150,000 scm capacity HU

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