PRESENTATION TO THE PORTFOLIO COMMITTEE ON MINERALS AND ENERGY 18 OCTOBER 2006

CEF (Pty) Ltd incorp. EDC and NEEA Chairperson - A Mjekula CEO - M Damane 100% SFF ASSOCIATION Chairperson – A Mjekula CEO – M Damane 100% Petroleum Agency SA Chairperson – A Mjekula CEO – M Xiphu 100% iGAS Chairperson – M Damane COO – M de Pontes 100% PETROSA Chairperson – P Molefe CEO – S Mkhize 100% OPCSA Chairperson – M Damane CEO – P Coetzee Central Energy Fund CEF GROUP STRUCTURE 49% Bannietor Mining 30% Süd-Chemie Zeolites 100% SANERI CEO –K Nassiep Chairperson – M Damane

CEF GROUP RESULTS 2005/6 (R’m ) CEFPETROSAPASAOPCSAIGASSANERISFFAssociatesTOTAL2004/5 Gross revenue-7, ,689.76,533.2 Cost of sales-(4,436.0)-(1.0)--(0.4)-(4,437.4)(3,775.5) Gross Profit-3, ,252.32,757.7 Interest received Finance costs(133.1)(57.2)--(16.9)---(207.2)(91.5) Other income Operating expenses(68.7)(1,015.8)(35.4)(16.4)(5.5)(0.4)(72.3)-( )( ) Operating Profit Associate income Profit before tax Tax (4.0) 2, ,854.3 (89.0) (6.5) - (6.5) - (22.4) - (22.4) (0.1) , ,989.5 (92.9) 2, ,072.2 (124.0) Profit after tax4.82, (6.5)(22.4) ,896.61,948.2 Consolidation entries (68.4) Total13.12,814.2(24.7)(3.0)(3.7) ,907.71,948.2

CEF GROUP – 2005/6 RESULTS (contd) CEF  Funded iGas Rompco investment  LSF: - Significant progress on technologies -Project delay due to prospecting permit delays  Biofuels  Johanna Solar  Solar Water Heaters – Test Rig  Incorporation of SANERI

PETROSA  Positive impact on revenues due to high crude prices  Continued focus on cost containment  Brass exploration  Organisational restructuring  Capex focus on South Coast Gas Project (R171 million) and Nigerian Operations (R149 million)  R500m Dividend  PetroSA USA  Low Temperature Fischer Tropsch (LTFT GTL)  WPC

IGAS  25% Stake in Rompco  Significant progress on Coega LNG Power Plant

PASA  Continued focus on role as Designated Agency  Del Cano Rise Survey undertaken by South African and French Geo Scientists – Continental Shelf Claim Project

SFF  Significant increase in demand for storage at Saldanha  Once-off sale of Crude from Ogies  Insufficient cash to increase stocks to required 14,5 m bbls

OPCSA  Increased activity in Saldanha Bay due to increased demand for storage  Significant progress in plans to extend activities to all South African Harbours

DORMANT COMPANIES  In liquidation: -Mosshold -Soekor E & P  Being deregistered -Enerkom -Enerkom Products  Other entities required for business

CEF – THE FUTURE  Low Smoke Fuels  Biofuels  Darling Wind Farm  Johanna Solar  Biomass/Landfill Gas  Gellification of Paraffin  Solar Water Heaters  CDM  Energy Efficiency

PETROSA – THE FUTURE  South Coast Gas  GTL Commercialisation using LTFT  E & P  New Refinery – Oil and/or CTL in Mpumalanga  Feedstock > 2012  New Fuel Specifications  Downstream Opportunities

iGAS – THE FUTURE  Rompco Expansion  Coega LNG Regasification Plant to supply Eskom Power Station  Coal Bed Methane

SFF – THE FUTURE  Obtain finality on strategic stock policy and implement  Mineral rights/prospecting permits  Environmental liability at Ogies

OPCSA - THE FUTURE  To be the recognised Oil Spill Response Company in South Africa  To expand the market share to 60% in short term and 80% in medium term  NPA and SAMSA  Manage SFF environmental liabilities at Ogies  Establish a presence in Sub Sahara Africa  To enter into agreements with Middle East oil producing countries whereby OPCSA will perform all pollution prevention and control services on their behalf in the long- term  Form international alliances with other players in the field

SANERI – THE FUTURE  Ensure long term health of energy research capacity in the country and assist in stimulating a culture of innovation in the energy research environment  Support the 3 pillars of the National R&D Strategy (2002) - Enhanced innovation, including mastering technological development -Human resource development and transformation -Governance  Address deficiencies in current race, gender and age profile of postgraduate students, academia and scientists  Stimulate socio-economic upliftment through improved access to modern, clean and affordable energy services  Support economic growth through development of flagship projects that will ultimately result in commercial rollout

SANERI – THE FUTURE  Energy R&D Agenda Support project development in areas that promote sustainable development of our energy resources  Human Capital Development and Transformation Establish Chairs of Energy Research e.g. Liquid fuels optimisation, household energy provision, biofuels Establish Renewable Energy & Sustainable Energy Hub Established at University of Stellenbosch  Cooperative Energy R&D Activities Strategic alliances with established research institutes  Governance Coordinate national energy research programmes that are aligned to national objectives