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Investment Highlights

Large and diversified reserve base

1

Block 9 upside – largest oil discovery in Iraq in the last 10 years

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Material existing production and strong expected growth

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Vast opportunities to replicate success

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Major part of future cash flow is resistant to oil price volatility

UKLA standard corporate governance

7

Experienced management team and board, with strong regional relationships

Solid track record of delivery with consistent reserves, resources and production growth

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