Robust Business and Operating Model

Robust Business and Operating Model Long Term Contracts with Creditworthy Customers Owned and Consolidated Plants • UAE Armed Forces was the first customer of the Company and continues to be an important partner . Tabreed cools multiple military and training facilities UAE Armed Forces • Cooling agreement was renewed in 2014 for another 20 years Major proportion of contracts with government entities and large developers: Limited counterparty risk, based on chilled water Majority govt owned 23% revenue in FY 2020 RTA Roads and Transport Authority of Dubai (RTA) is responsible for transport, roads & traffic in the Emirate of Dubai حكومة دلي Tabreed has been providing cooling to all metro stations of the iconic Dubai Metro project since 2010 GOVERNMENT OF DUBAI . Long term 27 year contract No or minority govt ownership 31% . Wholly govt owned 46% In April 2020, Tabreed acquired 80% of Emaar's Downtown District Cooling ("DDC") assets. After the acquisition Emaar retains 20% of the ownership Downtown Dubai is Emaar's flagship mega-development at the heart of the city, providing cooling to prestigious developments such as Burj Khalifa Majority exposure with B2B creditworthy customers based on chilled water revenue in FY 2020 EMAAR • Long term concession agreement signed with Emaar • Aldar Properties PJSC is the leading real estate developer in Abu Dhabi . ALDAR H • Tabreed and Aldar have been in partnership since Aldar's incorporation in 2005 Providing cooling to Aldar's developments on Yas Island, Al Raha Beach, Reem Island and Abu Dhabi Island Cooling agreement was renewed in 2015 for another 30 years Others (<4%) 42% UAF 21% RTA 16% Aldar 10% Emaar 11% 14 Otabreed

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