NewFortress Energy Investor Update

Endnotes Certain of the below Endnotes include forward-looking statements. Please see our note regarding "Forward-Looking Statements" on the slide titled "Disclaimers" of this Investor Update (the "Presentation"). Please evaluate this Presentation in connection with the risk factors in our public reports, including our report on Form 10-Q for the period ended September 30, 2020. These Endnotes refer to Hygo Energy Transition Ltd. ("Hygo") and Golar LNG Partners LP ("GMLP"). We previously announced our intention to acquire Hygo and GMLP in our Form 8- K filed on January 20, 2021. These acquisitions are subject to customary closing conditions described in such 8-K. There can be no assurance that closing will be attained within the timeline that we expect or at all. (1) "enterprise value" or "EV" means the sum of debt and equity value of Hygo and GMLP, including the aggregate purchase price of the equity in each company and the debt that will be assumed as a result of the transaction. There can be no assurance that the valuation of each company is equivalent to its enterprise value. (2) One of these terminals, the Sergipe terminal and power plants (the Sergipe Terminal and Sergipe Power Plant), currently owned by Hygo, is Operational (as defined later in this Presentation) and two of these terminals and power plants, currently owned by Hygo, are In Development. This number does not include the Suape terminal and power plant which is being acquired separately from the terminals and power plants currently owned by Hygo. (3) This number of FSRUS includes the conversion of the Golar Penguin and the Golar Celsius, both currently owned by Hygo, from LNGCs to FSRUs. No final investment decision has been made about these conversions, and there can be no assurance that this conversion will be successful on a particular timeline or at all. (4) We have agreed to this purchase under a memorandum of understanding which is subject to the execution of a definitive sale and purchase agreement and final approval from the counterparty's Board of Directors. There can be no assurance that we will execute final definitive documents on terms that are favorable to us or at all. (5) Closing is subject to certain conditions precedent some of which are outside of our control. There can be no assurance that closing will be attained within the timeline that we expect or at all. (6) These metrics are estimates based on management's assumptions and percentage calculations regarding a potential customer's size, energy use and previous diesel consumption and future natural gas consumption. The estimate regarding reduction in emissions is also based on data from IEA, CO2 Emissions from Fuel Combustion Highlights - 2018, p. 147. (7) These terminals and facilities are each either Operational or In Development. The terminals and facilities In Development are the La Paz, Mexico Terminal and Power Plant, the Puerto Sandino, Nicaragua Terminal and Power Plant (both currently owned by us), the Barcarena Terminal and Power Plant, the Suape Terminal and Power Plant, and the Santa Catarina Terminal and Power Plant option (currently owned by Hygo). We expect to acquire the Barcarena, Sergipe, and Santa Catarina assets upon the closing of the Hygo acquisition and the Suape assets upon closing of the Suape acquisition. There can be no assurance that closing will be attained within the timeline that we expect or at all. (8) "Online", "Operational" "In Operation" or "Turning On" with respect to a particular project means we expect gas to be made available within thirty (30) days, gas has been made available to the relevant project, or that the relevant project is in full commercial operations, respectively. Where gas is going to be made available or has been made available but full commercial operations have not yet begun, full commercial operations will occur later than, and may occur substantially later than, our reported Operational date. We cannot assure you if or when such projects will reach full commercial operations. 30

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