1. Alexandroupolis LNG October, 2015

2. Located in the crossroads of the European energy corridors Alexandroupolis LNG

3. Project components The project comprises 3 distinct components: 3.The two sections of the natural gas pipeline transmission system, i.e.: The subsea section: 24 km and the onshore section: 4 km connecting the offshore terminal to the Greek National Gas Grid (NNGS) 1.The floating LNG Storage and Regasification unit: An LNG vessel with mounted regasification functionality (SRV) 2. The permanent offshore structures, including: The Mooring system The Flex Risers and the Pipeline End Manifold (PLEM), transmitting gas from the floating unit to the subsea pipelines

4. A Pipeline system comprising a Subsea and an Onshore section connects the floating unit to the NNGTS SRV 10 km Alexandroupolis National NG Transmission System (ESFA) NNGTS (ESFA) Subsea pipeline 24 km / D = 30” New M/R - DESFA LNG RV Onshore pipeline 4 km / D = 30’’

5. Technical features LNG storage capacity: 170,000 m 3 LNG receiving rate: up to 10,000 m 3 /h Max. sustainable send-out (re-gas) capacity 700,000 Nm 3 /h (≈ 630 mmscfd) i.e. > 6.1 bcm/yr Re-gas system: Hybrid (2 Closed Loop, 2 Open Loop) - 4 x 400 m 3 /h of LNG Sea depth at mooring position: ≈ 40 m Adjustable gas send-out pressure to fit receiving system requirements (e.g. NNGS ≈ 50 barg, TAP ≈ 90 barg) Pipeline system sizing (diameter): 30’’

6. Greece Alexandroupolis Bulgaria Turkey Komotini Stara Zagora to Italy to Greek market to Romania & Eastern European markets Serbia and Central European markets LNG supply A new energy Gateway to Europe Kipi 24” 36” 30” 48” LNG RV Greek National Gas Transmission System (ESFA) Gas Interconnector Greece – Bulgaria (IGB) Gas Interconnector Greece – Turkey (ITG) TAP / TANAP Country networks and Regional Interconnectors – SEE and Balkans gas ring Kula - Sidirokastro

7. Best placed to offer an Alternative Supply and Route Solution to Bulgaria and onwards to Romania, Serbia and the wider region all the way to Ukraine Alexandroupolis LNG Security & Diversification of Supply New Pricing Enhancing trading optionality

8. Careful consideration of Safety, Social & Environmental aspects Offshore wind parks - Planned Ship waiting area NNGS pipeline Φ2 Φ8 Φ4 Φ3 Φ10 Offshore wind parks - Planned Touristic zones Protected Zones Evros River Delta Gr 1110006 Military Areas National waters (6 ΝΜ) Φ1 SEVESO – Worst Case Scenario LNG-RV 3,9 km Evros district South Forest (Gr1110009) Minimum environmental footprint In cooperation with local and national authorities Fully supported by local community Offers employment opportunities in the area All safety conditions met

9. Offering direct access to the regional gas markets, creating new investment and marketing opportunities Located and sized to capture material Growth potential in the region (anticipated demand growth between 2015-2024 at 20 bcm) Feeding into the Greek NG transmission system and to the Greek market Potential to supply the large and fast growing Turkish market via the existing ITG Can be the earliest available alternative supply infrastructure in the region, ahead of any other planned project Strategically located to access the Regional markets and infrastructure projects Offering a new gas supply route to Bulgaria and onwards to Serbia, Romania & further to Hungary / Ukraine via the Interconnector Greece – Bulgaria (IGB) and the other planned regional interconnection projects Ability to link and provide an additional gas source into TAP, support the South Corridor and access the West Balkan markets Access to a variety of major new international supply sources including the US and East Med

10. Project reaching maturity - Licensing completed Production license (INGS – Independent Natural Gas System license): Received from the Ministry of Environment, Energy and Climate Change, following positive opinion of the Greek Energy Regulator (RAE) (Aug.2011) Access rights to shore, seabed and sea area (required for subsea / offshore works): Granted by the Ministry of National Economy (Sept.2014) Project start up: 1Q2018 SEVESO II study: Submitted to the Ministry of Environment, Energy & Climate Change (May.2012) Acceptance from all relevant authorities granted for the 1 st phase of development Environmental & Social Impact Assessment (E.S.I.A.) study: Approved by the Minister of Environment, Energy & Climate Change (27.03.2013) Installation Act and Installation license Installation Act and Installation license issued by the Ministry of Environment, Energy & Climate Change (30.12.2014 & 20.01.2015 respectively)

11. ALEXANDROUPOLIS LNG INGS Project Licensing completion rate: > 80% (Cont’d) Favourable conditions and prospects for the financing of the project Project received PCI status from E.C. (EC 347/2013, EC 1391/2013) for the period 2013- 2015 and is again in the final list to maintain PCI status for 2015-2017 Eligible for Grants of up to 50% through Connecting Europe Facility (CEF) – Grant already APPROVED for FEED (November, 2014) – (€ 1.75 mil.) Eligible for favorable financing tools and terms from E.I.B. (E.F.S.I.) / E.B.R.D. Project eligible for subsidies and tax exemption in line with Greek Investment law Project candidate to be included in the 2014-2020 Corporate Agreement for the Development Framework (C.A.D.F. – E.S.P.A.) Export financing schemes available from equipment suppliers Long standing relationships with local and international financial institutions