1. 0 Société Equatoriale des Mines “SEM” Company Overview Prepared for UK – Gabon Investment Forum Fabrice Nze-Bekale, CEO 29 November 2012

2. 1 Gabon’s mining sector shows massive potential for growth Global perspective Gabon’s mining sector was about 2.1% of GDP in 2009 and 4.6% in 2011, therefore presenting a huge potential for growth through: – Acceleration of exploration – Opening of new mines – Increased local transformation – Development of mining ecosystems Sources: Citi, Mbenzi Industry Contribution as % of GDP Oil & Gas Mining

3. 2 SEM, well aligned with Gabon Industriel Corporate Strategy SEM aims to promote: – The local development of raw materials, – The export of products with higher added value, and – The diversification of the national economy Over 900 mineral indications recorded in the country. Only 30% of the country subject of systematic geological exploration Attract FDI in exploration/exploitation and local processing of natural resources SEM will seek to promote and support work which relates to and benefits the mining sector such as infrastructure development. This will largely be achieved through interaction with government ministries and agencies Key points Integrated, three pronged approach: Mining Local transformation Long-term partnerships with the State through SEM

4. 3 A company created to improve management of mineral wealth History of SEM SEM was formed by Presidential decree in August 2011 to facilitate the development of Gabon’s mineral resources: – Manage the shareholdings of the State in the mining sector – Develop alone or in partnership any mining related project in Gabon SEM is wholly owned by the Government of Gabon but privately managed SEM part of the Office of the President Initially, SEM’s activities will be focused on expanding and developing strategic national mineral resources within Gabon. Investment and exploration teams will eventually broaden the company’s mineral portfolio outside Gabon Key points State’s commercial arm Privately managed Develop Gabon’s national mineral resources

5. 4 Company goals and objectives SEM at a glance To be a reliable equity partner for private investors in Gabon – Aligned interests To help create shareholders’ value To become a world-class diversified mining and metals company To promote local skills transfer, the health and safety of people in communities affected by mining activities and the preservation of the surrounding environment Key points Create shareholders’ value For the State… …and for private investors

6. 5 No conflicts of interest Roles and responsibilities Roles and responsibilities of the ministry and SEM are clearly defined Key points Ministry: policy and regulations, licences SEM: commercial activities Prospecting/ExplorationCommencement of Exploitation/Mining During Exploitation/Mining Transformation MinistryGrant licenses in efficient manner Regulate and collate geological information from prospectors Policy making: mining code Award mining licenses Regulate mining activities Create fiscal and economic incentives to attract more FDI SEMEncourage as many companies as possible to conduct exploration for key, strategic minerals Negotiate the best commercial deal for the State Determine appropriate structure and optimum financing Advocate for industry Responsibly manage State’s participation Encourage skills transfer Identify and partner with downstream users

7. Divider slide Questions Thank You