Investor Presentaiton

Natural Gas Exploration and Exploitation Prospects for Cyprus as an energy producer and exporter ■ Noble Energy International announced the first natural gas discovery ("Aphrodite") in Block 12 in January 2012, which was declared commercial in 2015. Current estimated natural gas resources are in the order of 4,5 trillion cubic feet (best estimate). The regional pipelines option seems to be the optimal monetization alternative, under the current economic and commercial conditions. ■ The "Aphrodite" field project opens up new investment opportunities, including a subsea pipeline connecting Cyprus and Egypt. An Intergovernmental Agreement between Cyprus and Egypt has been signed. ■ The Noble Energy International / BG Cyprus / Delek Drilling consortium is working on the development of the "Aphrodite" gas field. ■ Other discoveries are: "Glaucus-1" in Block 10 by ExxonMobil/QP for which preliminary estimates are of 5 trillion to 8 trillion cubic feet; "Onesiphoros West 1" in Block 11 by TOTAL/ENI (technical discovery), and "Calypso- 1" in Block 6 by ENI/TOTAL under evaluation. Offshore exploration licenses of Republic of Cyprus CYPRUS Eni Kocas 2 3 Eni Kocas Eni 4 5 6 7 Eni 8 9 Eni Kocas ExxonMobil 10 TOTAL Eni 11 12 Aphrodite ne noble energy قطر للبترول Qatar Petrolam HYDROCARBONS SERVICE Ministry of Energy Commerce and Industry Genad Bathymen Chair of the Organ TGFBC (OPA National Centers for Environmental intomation CE Natural Earth In 2017 exploration licences were awarded to ENI / TOTAL for Block 6; ENI for Block 8 ; and ExxonMobil / Qatar Petroleum for Block 10. Other active exploration licences are held by ENI/KOGAS for Blocks 2, 3 and 9 and by TOTAL / ENI for Block 11. 14

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