KBC Advanced Technologies plc Investor Presentation First Half Results 30 June September 2006

© 2006 KBC. All Rights Reserved. 2 Highlights Significant turnaround in business - return to profitability Revenues of £17.3m up 27% from prior year Strong current trading and contract awards Continued growth in revenues and earnings expected in second half

© 2006 KBC. All Rights Reserved. 3Strategy New management team initially focused on improved profitability and delivering results through: –Improved contract execution –Increasing revenues from high margin software –Establishing a significant Petro-SIM installed base Longer term aim to expand services to align with client needs : –Leverage lower Asian cost base to deliver an increasing proportion of revenues –Continued organic growth in scope of services –Supplemented by suitable acquisitions and alliances

© 2006 KBC. All Rights Reserved. 4 Operational overview Growth in all operating regions Increasing presence in Asia; Beijing office opened in May Petro-SIM sales increased to 32 sites, total sales £4.9m to date Petro-SIM Express, launched in June, provides additional market opportunity Collaboration with EPC contractors enhancing KBCs market reach in all operating regions TTS acquisition completed and cross-selling opportunities being delivered

© 2006 KBC. All Rights Reserved. 5 Operational overview (contd) Consulting services: –Sinopec – continued progress on two major Profit Improvement Programs –Recent Pemex award – US$6.3m 5-site clean fuels study including software Technical services partnerships – growing source of long-term revenue and earnings worldwide Strategic financial services – Inter-America Development Bank and other M&A related engagements Human Performance Improvement – TTS projects with major US oil companies

© 2006 KBC. All Rights Reserved. 6 Summarised group income statement – first half months to 30 Jun 2006 £000 6 months to 30 Jun 2005 £ months to 31 Dec 2005 £000 Revenue17,28813,60128,493 Profit/(loss) before tax and financing399(1,673)(2,037) Net Interest(18) (12) 3 Profit/(loss) before tax 381(1,685) (2,034) Taxation (142) (77)(15) Profit/(loss) after tax239(1,762)(2,049) Earnings/loss per share – basic 0.46p (3.67p)(4.23p) diluted 0.44p (3.67p)(4.23p) Average number of shares in issue 51m 48m 48.5m

© 2006 KBC. All Rights Reserved. 7 Summarised group cash flow statement – first half months to 30 Jun 2006 £000 6 months to 30 Jun 2005 £ months to 31 Dec 2005 £000 Net cash flow from operations (831) (288) (381) Operating exceptional items Net interest (paid)/received (18) (12) 3 Tax paid (427)(705) (726) Capital expenditure(83)(137) (270) Issue of shares 1, Acquisition of TTS (net of funds acquired) (1,117)- - Translation difference(13) 4 23 (1,363)

© 2006 KBC. All Rights Reserved. 8 Summarised group balance sheet – first half months to 30 Jun 2006 £000 6 months to 30 Jun 2005 £ months to 31 Dec 2005 £000 Non-current assets10,8897,6957,907 Current assets (excl cash)12,04411,04010,806 Net cash4391,9861,802 Non-current liabilities(105)-(172) Current liabilities(5,621)(4,343)(4,110) Net assets17,64616,37816,233 Share capital and reserves7,7596,0766,068 Retained earnings9,88710,30210,165 17,64616,37816,233

© 2006 KBC. All Rights Reserved. 9 Contract awards by region – first half 2006

© 2006 KBC. All Rights Reserved. 10 Contract awards since 30 June Cumulative contract awards at end of August ahead of 2005: Pemex Refinación, Mexico –US$6.3m announced in August –Clean fuels studies, refinery configuration work –Petro-SIM license with multiple refinery simulation models

© 2006 KBC. All Rights Reserved. 11 Order book value – first half 2006

© 2006 KBC. All Rights Reserved. 12 Market overview Oil refining fundamentals remain unchanged: –Record refining margins and crude prices –Shortage of processing capacity –More heavy crude to be processed

© 2006 KBC. All Rights Reserved. 13 Market overview Refinery capacity and oil/product demand forecasts Source: KBC PEL Market Services

© 2006 KBC. All Rights Reserved. 14 Market overview Tightening in industry characteristics provides opportunities for KBC The business is being shaped to deliver services related to: –Large-scale investment plans for new refineries and refinery upgrading –Heightened focus on plant reliability and availability –Safe operating procedures –Shortage of skilled engineering resources –Increased transaction activity in refining assets

© 2006 KBC. All Rights Reserved. 15 KBCs opportunity Continued focus on consulting and services to meet the needs of our clients in this buoyant environment: –Capital project support –Operational excellence –Strategy consulting and investment planning –Continuing PIP opportunities

© 2006 KBC. All Rights Reserved. 16 Outlook Recent contract awards underpin our expectations for 2006 Robust market environment delivering significant opportunities for continued organic growth Profitable acquisition opportunities will continue to be pursued Confidence in our ability to deliver growth in earnings in 2007 and beyond

© 2006 KBC. All Rights Reserved. 17 Appendices

© 2006 KBC. All Rights Reserved. 18 Global track record

© 2006 KBC. All Rights Reserved. 19 KBC evolution KBC evolution 1979 KBC founded as independent consulting company, specialised in energy improvement in refineries 1986 Development of Petrofine simulation software leads to first refinery-wide Yield & Energy Survey 1993 Yield & Energy Survey develops into comprehensive Profit Improvement Program (PIP) 1996 Development of new business area in Reliability, Availability & Maintenance 1997 KBC extends into oil and gas market analysis with PEL acquisition and enhances energy services with Linnhoff March acquisition 2002 KBC Office Locations KBC listed on London Stock Exchange 2005 Petro-SIM launch 2006 Acquisition of TTS 2006 Beijing office opens

© 2006 KBC. All Rights Reserved. 20 Delivering competitive advantage … Mission and strengths … in partnership with our clients Independence Proven track record Methodology Unique toolsets Breadth & depth of experience Change management experience

© 2006 KBC. All Rights Reserved. 21 KBCs solution KBC offers independent consulting and cutting edge technology that enable its worldwide owner/operator clients in the oil & gas, refining, petrochemical, and other processing industries to increase their competitive advantage within defined markets through Capital Excellence and Operational Excellence in business performance and asset utilisation CapX = Capital Excellence –Typically decided at the client HQ level OpX = Operational Excellence –Typically decided at the plant level

© 2006 KBC. All Rights Reserved. 22 Capital Excellence (CapX) KBC supports client growth strategies and capital utilisation through Capital Excellence consulting that supports activities for acquisitions, disposals and construction of new facilities

© 2006 KBC. All Rights Reserved. 23 Operational Excellence (OpX) KBC supports client progress towards Operational Excellence through: –An OpX model describing best practices for production-centered manufacturing –Assessments, strategy development and deployment, and process and profit improvement –Other unique offerings

© 2006 KBC. All Rights Reserved. 24 Petro-SIM Naphtha Hydrotreater CDU Reformer Visbreake r FCC HF Alky Unit Blend optimizer Kero Hydro treater Diesel Hydro treater

© 2006 KBC. All Rights Reserved. 25 Revenues by business area – first half 2006

© 2006 KBC. All Rights Reserved. 26 Revenues by region – first half %34% 36%36% 30% 38% 32%32% 30%30% 37% 34% 28%