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This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of Kuwait Energy plc (the “Company”) or any of its
subsidiaries in any jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or
commitment or investment decision whatsoever.
This presentation has been prepared by the Company, is strictly confidential and is being furnished to each recipient solely for its own information. It may not be reproduced or redistributed to any other person, and it may
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The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is or will be made in relation to, and no responsibility, liability or duty of care is or will
be accepted by the Company or its subsidiaries and affiliated persons (the Company and such subsidiaries and affiliated persons together, the “Group”), or any directors, partners, officers, representatives, employees,
advisers or agents of the Group (“Relevant Persons”) as to, or in relation to, the accuracy, reliability, or completeness of this presentation or any information herein. Accordingly, none of the Group or any Relevant Persons
shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on the accuracy of any information or any statement in this presentation or any errors or omissions in this
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correcting any inaccuracies herein which may become apparent.
This presentation contains certain data based on internal management estimates, which have not been independently verified by a third party. Information has been obtained from various sources and are provided to assist
the recipient in the evaluation of matters described herein. They may be based on subjective assessments, adjustments and assumptions and may use one among alternative methodologies that produce different results
and to the extent they are based on historical information, they should not be relied upon as an accurate prediction of future performance.
Neither the presentation nor any copy of it may be taken or transmitted into the United States of America, its territories or possessions, or distributed, directly or indirectly, in the United States of America, its territories or
possessions as defined in Regulation S under the US Securities Act 1933, as amended (the “Securities Act”). Any failure to comply with this restriction may constitute a violation of United States securities laws. The
presentation is not an offer or sale of securities in the United States. The information contained herein is for discussion purposes only and does not purport to contain all information that may be required to evaluate the
Company and/or its financial position.
This presentation is an advertisement and not a prospectus or prospectus equivalent document or an offer or invitation to subscribe for or purchase any securities, and nothing contained in this presentation shall form the
basis of any contract or commitment whatsoever.
This presentation does not constitute a public offer of securities in any jurisdiction. It is not intended to be publicly distributed in any jurisdiction. This document is only being made available to interested parties on the basis
that: (A) if they are in the UK, they are “qualified investors” within the meaning of Article 2(1)(e) of Directive 2003/71/EC (as amended) who also fall within Articles 19 or 49 of the Financial Services and Markets Act 2000
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Apart from the responsibilities and liabilities, if any, which may be imposed on the Banks by the Financial Services and Markets Act 2000, the Bank (together with each of its respective directors, officers and employees)
accepts no responsibility whatsoever and makes no representation or warranty, express or implied, for the information or the opinions contained this presentation, including its accuracy, completeness or verification or for
any other statement made or purported to be made by it, or on its behalf, in connection with the Company, and nothing in this presentation is, or shall be relied upon as, a promise or representation in this respect, whether
as to the past or future. The Bank accordingly disclaims to the fullest extent permitted by law all and any responsibility and liability whether arising in tort, contract or otherwise (save as referred to above) which it might
otherwise have in respect of this presentation or any such statement. Matters discussed in this presentation may constitute forward-looking statements. Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words “believe,” “expect,” “anticipate,” “intends,”
“estimate,” “forecast,” “project,” “will,” “may,” “should” and similar expressions identify forward-looking statements. Forward-looking statements include statements regarding: strategies, outlook and growth prospects;
future plans and potential for future growth; liquidity, capital resources and capital expenditures; growth in demand for products; economic outlook and industry trends; developments of markets; the impact of regulatory
initiatives; and the strength of competitors.
The forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical
operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are
inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control and it may not achieve or accomplish these expectations, beliefs or projections. These
forward-looking statements speak only as at the date as of which they are made, and neither the Group nor any Relevant Persons intend or have any duty or obligation to supplement, amend, update or revise any of the
forward-looking statements contained in this presentation.
This presentation contains certain statements, estimates, targets and projections provided by the Company, including with respect to the Group’s anticipated future performance. These statements are intended to be
illustrative only and were prepared based upon certain assumptions and management analysis of information available at the time presentation was prepared, and may or may not prove to be correct. These forward-
looking statements speak only as at the date on which they are made, and neither the Group nor any Relevant Person makes any representation, warranty or assurance of any kind, express or implied, that the projections or
targets will be realised. The actual results could vary materially and adversely from the projections contained herein.
Certain data in this presentation was obtained from various external sources, and the Company has not verified such data with independent sources. Accordingly, none of the Company or the Banks makes any
representation as to the accuracy or completeness of that data, and such data involves risks and uncertainties and is subject to change based on various factors.
By attending the presentation and/or accepting a copy of this document, you agree to be bound by the foregoing limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken
that (i) you have read and agree to comply with the contents of this notice including, without limitation, the obligation to keep this presentation and its contents confidential; and (ii) you will not at any time have any
discussion, correspondence or contact concerning the information in this presentation with any of the directors or employees of the Company or its subsidiaries nor with any of their suppliers, or any governmental or
regulatory body, without the prior written consent of the Company.
Estimates of reserves and resources are inherently speculative and involve numerous uncertainties. The reserve and resources estimates contained in this presentation are as of 31 May 2014 and were provided by Gaffney
Cline Associates ("GCA").
