Expanding in Circular Economy

ACG: STRONG CONTRIBUTION CONTINUES IN 2023 نعم () 2023 Q1-Q3 PERFORMANCE AND ASSET SUMMARY 367 mboepd (gross) ▶ Very strong cash generation on the back of high oil prices ▶ Major milestones on ACE project (7th production platform) achieved in progress towards First Oil beginning of 2024: ACE Topsides installed onto the jacket at its permanent location in August 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 bp Other 35,1% 30,4% 9.6% 25,0% MOLGROUP SOCAR MOL net ent. production: ~12-15 mboepd (2023-2027) Cost Oil Contractor (25%) Profit Oil Government Share (75%) ACG continues to deliver, and is a world class asset with high margin and low cost Entitlement production 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 cash- and PSA-based pre-tax profit MOLGROUP | 49

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