Robust Business and Operating Model

Strong shareholders and solid corporate governance Shareholder Overview Significant shareholder support from Mubadala, a major Abu Dhabi government entity and ENGIE, one of the world's largest international power and utility companies, that offer deep operating experience in the utilities sector and a platform for further growth MOODY'S¹ "Tabreed benefits from a supportive and complementary shareholder base. We view Mubadala and ENGIE as strong commercial and technical backers for Tabreed in the region. Both anchor shareholders also provide Tabreed with high standards for financial oversight and governance and in our view strengthen the commitment to the company's stated financial policies." Shareholder composition* Strategic shareholders Other Institutions 11.4% Engie 40.0% Retail 6.7% MUBADALA Aa2 (M) - (SP) / AA (F) Mubadala 41.9% • *No shareholders other than ENGIE and Mubadala own more than 5% 1Moody's report number 1141584 published on October 8, 2018 • Abu Dhabi's leading strategic investment company with US$226bn of assets • . Active in 13 sectors and more than 30 countries around the world, creating lasting value for its shareholder, the Government of Abu Dhabi The Abu Dhabi Investment Council (ADIC) became a part of Mubadala Investment Company in March 2018 when the Government issued a restructuring law Mubadala invests in aerospace, ICT, semiconductors, metals and mining, renewable energy and utilities, and the management of diverse financial holdings Mubadala / Abu Dhabi government representatives hold 4 of Tabreed's board seats . Global energy provider spanning 70 countries in 5 continents ENGIE • Total group assets of EUR160bn (US$185bn) • Baa1 (M) BBB+ (F) World leader in District Energy. First District Cooling plant in Europe in 1971 and now RT in Europe, US, and Asia 250K • ENGIE see Tabreed as their platform for District Cooling growth in the region . ENGIE representatives hold 4 Tabreed board seats | 19 tabreed

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