Overlooked Treasures: New Prospects in Old Basins Norsk-Tysk Handelskammer 29 September 2011

Page 2 About RWE Dea Norge >RWE Dea Norge is an oil and gas exploration and production company, present in Norway since >The company is operator of four licences, PL330, PL420, PL435, and PL582 and partner in 18 licences. >In 2010, discoveries were made in PL420 and PL435; exploration and appraisal continue in both licenses. >As we move to operated developments, the company’s staff will increase by 33% during 2011/2012. >RWE Dea Norge is fully owned by RWE Dea AG, one of the managing companies of the Essen based RWE Group.

Key Figures (1 751) 383 (450) (67) (50) (117) mill Sm3 (o.e.) 105 mill Sm mill Sm3 60 Crude oil, Cond., LPG, NGL Page 3

RWE Dea Norge stands for >Long-term commitment >Technical expertise >Environmental competence >Financial strength Page 4

What makes exploration work ? 1.Significant finds are often made early in drilling on new geological concepts. 2.Success in mature areas relies on significant local insight and intensive technical work. 3.Good ideas and technology lead to discoveries. Page 5

Proving reserves through exploration >Exploration can target moderate volume finds in lower risk settings. >Alternatively, high-risk high reward targets can provide ‘company- changers’. >RWE Dea actively pursues both high impact and more controlled risk exploration targets on the NOCS. Page 6

Zidane Titan >First operated discoveries for RWE Dea came with Zidane and Titan in >Both were new ideas in mature areas. Page 7

Page 8 PL435 Zidane Discovery –RWE Dea 40% –Edison 20% –Mærsk 20% –Noreco 20%

Titan Discovery

Nordland Haltenbank Barents Titan, Jordbær Luno >RWE has 8 more ‘good ideas’ to be drilled in the next 15 months. >We will continue to generate drilling ideas, both in licensed & new areas.