Investor Presentaiton

South Africa Block 11B/12B Key to the Energy Transition • South Africa is a carbon-intensive economy and contributes approximately 1% of annual global greenhouse gas (GHG) emissions • Eskom currently relies on coal-fired power stations to produce approximately 90% of its electricity . infrastructure insufficient to meet demand, rolling blackouts Block 11B/12B gas could replace more than 2,300 MW of diesel-fired electricity generation (Gourikwa, Dedisa and Ankerlig) reducing plant carbon emissions more than 50% while also eliminating sulphur oxide and nitrogen oxide emissions Restarting the gas-to-liquids (GTL) refinery in Mossel Bay with feedstock from Block 11B/12B could save approximately 1,200 direct jobs SOCIAL ENVIRONMENT श्रश्र GOVERNANCE PetroSA Gas-to-Liquids Refinery in Mossel Bay. AE AFRICA ENERGY South Africa Power Generation Mix NUCLEAR 5.4% COAL 87.6% SOLAR 1.9% 252,568 GWh WIND 五↑ Eskom Gourikwa Power Plant in Mossel Bay. Sources: Eskom, IEA 2019 data (pie chart) and "South Africa's road to net zero emissions will be via gas," by Dr. Masangane, CEO of the Petroleum Agency of South Africa (PASA). Slide 15 2.6% OTHER 2.5% Africa Energy | March 2022

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