Investor Presentaiton

n i © © J ACG CONTRIBUTION IN 2022 EXCEEDING EXPECTATIONS 2022 PERFORMANCE AND ASSET SUMMARY 415 mboepd (gross) ▶ Very strong cash generation on the back of high oil prices ► As part of drilling program 15 new wells drilled ▶ Successful turnaround on East Azeri platform ▶ Major milestones on ACE project (7th production platform) achieved in progress towards First Oil beginning of 2024 Ownership structure OVERVIEW OF PSA REGIME¹ Investing companies OPEX Recovery CAPEX Recovery Signature Bonus Gross Production Government Limit of 100% of revenues per quarter Limit of 50% of revenues net of OPEX recovery per quarter, rolled over to next quarter if not recovered Other 35.1% 30.4% bp Profit Oil 9.6% 25.0% MOLGROUP SOCAR MOL net ent. production: ~12-15 mboepd (2023-2027) ACG continues to deliver, and is a world class asset with high margin and low cost Cost Oil Contractor (25%) Entitlement production Government Share (75%) 25% Income Tax, unlimited tax loss carry forward 2 PSA contract expiry: 2049 Notes: (1) Based on public sources (website of the project operator) (2) Income tax is charged on P&L-based pre-tax profit MOLGROUP | 50

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