Investor Presentaiton

...and private investment is reacting to the stimulus Number of projects presented (Total for Jan-Aug each year) 500 400 300 Total investment presented (Total for Jan-Aug each year, in USD million) 1,600 +82% 398 1,200 +257% 800 219 200 100 400 0 0 2015 2016 2017 2018 2015 2016 538 2017 1,279 2018* (*) Includes USD 412 million corresponding to three projects submitted by UPM. 6

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