1. The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 1 PetroSA Overview * Following the merger of Soekor E & P and Mossgas Pty Ltd PetroSA was established in 2002 Employs 1925 total staff members (July 2013) Owns world’s 3rd largest GTL refinery 36 000 barrels per day products 6% SA Refining capacity (SAPIA) Business spans full petroleum value chain Produces diesel, gasoline, kerosene and specialty products Has produced ~70 MM bbl crude & 1 Tcf of natural gas to date. Has additional exploration acreage in Ghana, Equatorial Guinea & Namibia Has a trading office in Rotterdam Net Asset Value ~ R16.57 billion

2. The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 2 Sustain the GTL refinery at Mosselbay, Use the GTL refinery as a platform for growth, Grow PetroSA to a significant industry player in RSA and regionally, Contribute meaningfully to security of energy supply, Support economic growth, job creation and drive transformation. Our Current Strategic focus is

3. The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 3 New Technology: LTFT Demonstration operational trials completed

4. The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 4 Our Technology Company

5. The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 5 Mossel Bay GTL Process flowsheet Synthol Syngas Methane reforming ING C3C3 Gas separation C 5 + oil Oil refining and blending C3C3 C 8 + synthetic oil Distillate Olefin Oligomerisation c 4 = C 3 =, C 5 – C 7 = Gasoline Alcohol recovery Reaction water Acid water to effluent treatment LPG Unleaded petrol Leaded petrol Illuminating Kerosine Diesel Fuel oil Light alcohol Heavy alcohol C4C4 Condensate Gas FA platform LNG storage Imported condensate Low-aromatic distillates

6. The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 6 Synthol Syngas Methane reforming ING C3C3 Gas separation C 5 + oil Oil refining and blending C3C3 C 8 + synthetic oil Distillate Olefin Oligomerisation c 4 = C 3 =, C 5 – C 7 = Gasoline Alcohol recovery Reaction water Acid water to effluent treatment LPG Unleaded petrol Leaded petrol Illuminating Kerosine Diesel Fuel oil Light alcohol Heavy alcohol C4C4 Condensate Gas FA platform LNG storage Imported condensate Low-aromatic distillates LTFT Process flowsheet LTFT Syngas Methane reforming Hydrocracker & Hydrotreater Synthetic oil Wax Reaction water Acid water to effluent treatment LPG Naphtha Diesel Gas

7. The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 7 LTFT increases diesel production Naphtha 25% Diesel 70% Fuel oil 3% LPG 1% Gasoline 48% Diesel & Kerosene 39% Alcohols 9% Low temperature Fischer-Tropsch High temperature Fischer-Tropsch LPG 5%