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 USD 750 million

3. Current Assets Non Current Assets Current Liabilities Total Equity KDm

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 Hani Hussain 36 Years experience Board member Former CEO Kuwait Petroleum Corp. Former Chairman, KNPC Chairman, Stehwaz Holding Co.

5. National Industries Group. Largest shareholder in Ikarus Petroleum Listed on Kuwait Stock Exchange since 1984. Market capitalization of over $ 7 billion. Total assets of over $ 5 billion

6. * As at 31 st December 2007

8. 500,000 tonnes/year Polypropylene capacity Integrated complex, Jubail Saudi Arabia. 2007 Revenue $1.8bn; Net Income $150m Market capitalization $5.4 billion.

9. First private petrochemicals manufacturer in Saudi Arabia 10th largest company by market cap in the Middle East. Phase I (In production) 1 million tonnes/year Methanol 75,000 tonnes/year Butanediol Phase II (2009) Acetic Acid, Vinyl Acetate Monomer, Carbon Monoxide Phase III World class olefins and derivatives complex

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 will meet 2/3 of increase in global oil demand. MENA will strengthen its position as world’s largest exporter. Energy investment in the region $490 billion in 2008 – 2012 (Apicorp estimate) Petrochemicals capacity expected to double by 2018 Growing role for private sector participation Source: Apicorp

15. 2008 ~36% of global oil supply and 17% 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

16. 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