History and Future Strategy of Oando

Business Overview Oando EXPLORATION & PRODUCTION ENERGY SERVICES GAS & POWER TERMINALS SUPPLY & TRADING MARKETING 2 55 kboepd 9M September 2015 Average Net Production 542 mmboe 2P Reserves + 2C Resources 4 Swamp Rigs >40% Market Share 125 Km Pipeline Network 22.55 MW Power Generation Capacity 45,000MT €15* Dead Weight Tonnage Cargo Capacity, Apapa Jetty & Subsea Pipeline C % > › 400 of Nigeria's Fuel Requirement is Supplied by Oando Retail outlets operations in Nigeria, Ghana, Benin, Togo 5 All Reserves & Resources estimates are classified in line with NI 51-101 regulations and Canadian Oil & Gas Evaluation Handbook standards. All estimates are from an Independent Reserves Evaluator Report dated 31st December 2014 杯 HJ

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