Investor Presentaiton

Kosmos – The Case for Investment KOSMOS ENERGY. Kosmos is positioned for the upturn: well-capitalized, pure-play deepwater company with growing production, a pipeline of development opportunities, and a balanced exploration portfolio • • . To meet growing energy demand, the world needs both deepwater and shale - The shale and deepwater companies with the best portfolios and the best execution will be successful Premium acreage positions and terms, coupled with low costs drive attractive returns Lower costs and less competition are making the deepwater more attractive - - - - Majors returning to frontier deepwater exploration Industry consolidation, attrition, or a re-focus on shale creates significant opportunities for leading independent explorers like Kosmos to play with and alongside the majors Recent success in opening world-class basins (e.g. Mauritania/Senegal, Guyana), fewer players, bigger fields (e.g. Liza, Tortue, Yakaar) Continuing cost deflation is reducing capital intensity, facilitating business execution and maximizing returns Kosmos' counter-cyclical strategy has created competitive advantage - - Leveraged the downturn to our advantage Consistently built a sustainable production, development, and exploration portfolio through the cycle Remain focused on core strengths as a pure-play, deepwater company ■ Consistent exploration strategy ☐ Innovative development solutions ■ Strategic partnerships Kosmos has a balanced portfolio with growth from production, development and exploration assets 3

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