TAQA FY 2020 Proforma Consolidated Results and Dividend Policy

Transmission & Distribution highlights Deflationary effects lower RAB as regulatory framework safeguards real returns AU T&D highlights (AED million) Transmission availability (%) FY 2019 Power Water 99.0% 95.9% 99.1% 97.8% High network availability and security of supply throughout FY 2020 99.1% / 97.8% for power/water transmission (99.0% / 95.9% FY 2019) Weaker financial performance on lower revenues and flat costs . Reduced revenues (-2% y/y) on deflationary effects in the UAE lowering RAB (-3% y/y) • Lower revenues also reflect external regulation-specific factors, which slightly front-load revenue throughout the regulatory period without affecting returns EBITDA of AED 7.9bn (-6% y/y) on pass-through lower revenues Net income contribution to the Group of AED 3.9 billion (-15% y/y) FY 2020 Regulated asset base (RAB) YE 2019 82,678 80,135 YE 2020 Revenues FY 2019 25,147 24,659 FY 2020 EBITDA FY 2019 8,325 33% margin 32% FY 2020 7,863 Net income (consolidated) CAPEX FY 2019 FY 2020 4,660 3,949 FY 2019 2,942 FY 2020 2,711 40 TAQA

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