2. Focusing on the energy and petrochemicals sectors Paid-up share capital KD 75 million ($275m) Listed on the Kuwait Stock Exchange 2008 Total Assets in excess of KD 182 million

3. Total Assets KD 181 mn

4. Nader Sultan 37 Years experience ChairmanFormer CEO Kuwait Petroleum Corp. Advisor Al Markaz Energy Fund Director, Oxford Energy Seminar Dr Adel Al-Sabeeh 33Years experience Vice Chairman Former Minister for Oil, Government of Kuwait Former Chairman of Kuwait Petroleum Corp. Chairman & MD of NICBM. Suhail Abograis 32 Years experience CEO & Board Member Board member Kuwait National Petroleum Co. Board Member Kuwait Gulf Petroleum Co. Former MD (Planning & Fin) Kuwait Petroleum

5. National Industries Group. Largest shareholder in Ikarus Petroleum Listed on Kuwait Stock Exchange since 1984. Market capitalization of over 327 Million KD in 2011. Total assets of over 1,500 Million KD in 2011.

6. As at 31/12/2011

8. Integrated complex, Jubail Saudi Arabia. 720,000 tones/year Polypropylene capacity 800,00 tones/year polyethylene 285,000 tones/year propylene & 200,000 tones/year ethylene 735,000 tones/year titanium Dioxide Capacity in its subsidiary ( Crystal) in Yanbu. 2011 Revenue 1,473 MM KD; Net Income 182 MM KD. Market capitalization 1.4 billions KD.

9. First private petrochemicals manufacturer in Saudi Arabia Phase I (In production) 1 million tonnes/year Methanol 75,000 tones/year Butanediol Phase II in production since 2010 460,000 tones/year Acetic Acid, and 330,000 tones/year VAM,and Carbon Monoxide Phase III (2013) Olefins and derivatives.

10. Leading private sectors players in Saudi Arabia World Scale Low Cost Feedstock Proven & Leading Technology Market positioning- Partners with leading international chemical majors Good Logistics Credible applicants for additional feedstock Proven operational and project competence

11. Drawn from the highest levels in the energy & petrochemicals industry Advisory board network in government, finance & industry People Extensive affiliations & network across the MENA region Target deal size $50 -$100m Deal Flow Exclusive attention to energy & petrochemicals sectors Portfolio integration reduces risk and provides investment synergies Focus Rapid growth in Shareholder Equity Expansion of existing holdings well advanced e.g. Sipchem & Tasnee Performance Backed by National Industries Group Assets provide solid security for further capital funding Financial Strength

12. Role of Middle East in World Energy will grow With half of the world’s reserves, MENA is set to supply the bulk of the growth in oil output to 2035. MENA will strengthen its position as world’s largest exporter. Energy investment in the region is estimated to be $525 billion in 2012 – 2016. Petrochemicals capacity expected to double by 2018 Growing role for private sector participation Source: Apicorp

15. Source: EIA & Global Data

16. 2011 ~35% of global oil supply and 20% of natural gas. Anticipated increased role due to resource base ~44% of oil and at least a quarter of natural gas by 2030 MENA energy policy preferences critical to global energy future Major concerns that it’s not doing enough Source: IEA/Global Data

17. Plans for 5.8 million b/d new crude through 2012 (source: state figures) 392 Bcm additional gas (source: state figures) 1.9 million b/d NGLs (IEA number) 6.3 million b/d+ of new refining capacity (state figures) 70 million tonnes+ of LNG (state figures ) State Targets Source: IEA