Investor Presentaiton

Plugging the Power Deficit Presents Opportunities for Ghana to Export Electrical Power to Neighbours Power supply disruptions, which negatively impacted economic output, occurred due to (i) damage to the West African Gas Pipeline (WAGP), (ii) seasonal drop of water at dams, and (iii) increased demand as electricity access improved In 2015, Ghana successfully implemented a series of short-term and longer horizon projects which effectively addressed power shortfalls and now contributing to realization of Ghana's growth potential Supported by World Bank, AfDB, USA and independent power producers, Ghana is pursuing a programme of liberalising the energy sector, which includes: ✓ Institutional reforms ✓ Getting energy SOEs more commercially oriented and financially self-sustaining New independent power projects THE WORLD BANK IBRO IDA TULLOW POWER AFRICA In KOSMOS ENERGY 78% of Ghana's population already connected to the national power grid 459 mmscf of Domestic Gas with 100mmscf Daily Delivery to Power Plants 3500 MW of Power Generated with 40% Excess Capacity Short-to-medium term measures expected to add over 3000 MW of electric power to national grid by 2018 Select Projects Expected Completion Plant Capacity 4,000 3,500 Kpone Thermal Power Complete 220MW Tico Expansion Complete 110MW 3,000 Karpowership Complete 225MW 2,500 Ameri Complete 250MW 2,000 Asogli Phase II Complete 360MW 1,500 Tico Expansion Complete 110MW 1,000 Mechanical Completion 38MW 500 CenPower Before end of 2018 350MW 0 Jacobsen Before end of 2018 360MW Amandi Before end of 2018 240MW VRA T2PP Annual Peak Demand (MW) --Total Generation at Peak (MW) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Energy Levies - Ensuring Financial Viability of Ghana's Energy SOES TRIC GHANA AUTHORITY GRIDCO The SOEs in the energy sector have faced financial challenges that have affected their viability ■This necessitated the introduction of the energy sector levies which goes directly into Ministry of Finance's account- the game changer for financial sustainability for the sector Revenues for all energy sector SOEs to be centrally collected by PURC with debt repayments prioritized The sustainable financing will improve energy production and supply, thereby, promoting growth and protect jobs ■ The levies imposed are intended to be temporary ■ Government recently reduced electricity tariffs for lifeline consumers and other vulnerable groups to cushion them ■ Utility and fuel subsidies eliminated 30

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