GDF SUEZ Private Power Pioneer of Oman Belgian Economic Mission 19 March 2014 Presided over by HRH Princess Astrid of Belgium

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Emery Wiggins
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1 Sohar 2 IPP Barka 2 IWPP GDF SUEZ Private Power Pioneer of Oman Belgian Economic Mission 19 March 2014 Presided over by HRH Princess Astrid of Belgium

2 GDF SUEZ Group A history of services in public utilities Société Générale des Pays-Bas Compagnie Universelle du Canal Maritime de Suez Société Lyonnaise des Eaux et de l Éclairage Compagnie Mutuelle de Tramways Gaz de France Electrabel Suez Lyonnaise des Eaux International Power SUEZ GDF SUEZ

Three buoyant businesses Power Natural gas Energy services No.1 Independent Power Producer (IPP) in the world. No.1 producer of non-nuclear power in the world.

A supply portfolio of 1,208 TWh. No.1 supplier of energy and environmental efficiency services in the world. 1,300 sites throughout the world.

3 Three buoyant businesses Power Natural gas Energy services No.1 Independent Power Producer (IPP) in the world. No.1 producer of non-nuclear power in the world. 117 GW of installed power-production capacity.* 7.2 GW of power capacity under construction.* No.2 purchaser of natural gas in Europe. No.3 importer of LNG in the world. No.1 natural-gas transmission and distribution networks in Europe. A supply portfolio of 1,208 TWh. No.1 supplier of energy and environmental efficiency services in the world. 1,300 sites throughout the world. 186 district heating and cooling networks operated worldwide. * Including 100% of the capacity of GDF SUEZ assets at June 30, 2013 regardless of the actual holding rate.

4 GDF SUEZ operational organization 5 business lines GDF SUEZ Energy Europe GDF SUEZ Energy International GDF SUEZ Global Gas & LNG GDF SUEZ Infrastructures GDF SUEZ Energy Services 26,000 employees. 10,900 employees. 1,900 employees. 18,000 employees. 78,150 employees. Energy management and trading. Power generation. Supply of natural gas to major clients in Europe. Marketing and sales. 5 business areas: United Kingdom- Europe; North America; Latin America; South Asia Middle East & Africa; Asia-Pacific. Power production. Supply of natural gas and electricity. Exploration & production. Liquid natural gas portfolio management. Natural-gas transmission network. LNG terminals in France. Storage activities in and outside France. Gas distribution networks in France. Management of urban networks in and outside France. Management of industrial and tertiary electrical installations. Global multitechnical offers. Latin America North America UK-EUROPE Turkey South Asia Middle East & Africa Asia- Pacific

GDF SUEZ Almost 20 years of profitable growth in the Gulf A challenging future 2014 - Ca 30 GW power [gas, wind & coal] and 5.

growth story in MW (2000 2010) GDF SUEZ growth story in MW (2000 2010) 2003 - Opening of a Business Development officie in Dubai with 5 people. 1.65 GW gas fueled power capacity and 0.

5 GDF SUEZ Almost 20 years of profitable growth in the Gulf A challenging future Ca 30 GW power [gas, wind & coal] and 5.27 mio m3/day of water desalination capacity Today Dubai is the HQ for activities not only in the Middle East but also in South Asia and the Middle East Merger with International Power IPR growth story in MW ( ) GDF SUEZ growth story in MW ( ) Opening of a Business Development officie in Dubai with 5 people GW gas fueled power capacity and 0.38 mio m³/day of desalination capacity Presence in 2 GCC countries 200 employees in plants Acquisition of Al Taweelah IWPP in Abu Dhabi Start of investment in the GCC Construction of Al Manah (Oman), 90 MW IPP km of high voltage lines to connect the plant and its neighbouring cities.

6 The leading Independent Power & Desalinated Water Producer A direct equity interest in a portfolio of 27,000 MW gas-fired power capacity and 5,273,000 m3/day desalinated water production in operation or under construction UAE [8,842 MW gross 1,768 MW net] [557 MIGD gross 111 MIGD net] Bahrain [3,117 MW gross 1,264 MW net] [138 MIGD gross 49 MIGD net] Oman [3,694 MW gross 1,541 MW net] [59 MIGD gross 23 MIGD net] Saudi Arabia [6,068 MW gross 1,851 MW net] [176 MIGD gross 35 MIGD net] Qatar [3,755 MW gross 956 MW net] [123 MIGD gross 37 MIGD net] Five IWPPs: Al Taweelah; Umm Al Nar; Shuweihat 1; Fujairah 2; Shuweihat S2 Al Ezzel IPP Al Hidd Al Dur IWPP Al Rusail, Al Kamil, Barka 3 and Sohar 2 Independent Power Producers Sohar 1 and Barka 2 Independent Power and Water Producers Marafiq IWPP Tihama IPP (+ steam); extension awarded in 2012 Riyadh PP11 IPP Ras Laffan B IWPP Ras Laffan C IWPP Kuwait Az Zour North IWPP (1,500 MW / 100 MIGD) 6

7 GDF SUEZ Private Power Pioneer in Oman and the Gulf Oman was GDF SUEZ s first step into the Gulf. We commissioned our pioneering independent power project at Al Manah in 1996, when the liberalization of the country s power sector was barely off the starting blocks. Roughly a decade later, in 2007, when the consortium led by GDF SUEZ took over Al Rusail Power Company and signed the contract for the construction of Barka 2 power and water plant, Oman s power and water sector had fully matured. The Government of Oman has succeeded in creating an attractive professional business environment characterized by a well established Legal Framework. Today we are a shareholder in six plants with a total capacity of roughly 3,700 MW of power and 268,000 m3/day of desalinated water. We operate these via STOMO (SUEZ Tractebel Operation & Maintenance Oman) that is 70% owned by our Group. STOMO is the largest provider of operation and maintenance services in the Sultanate. For the Al Kamil Power Plant, a separate entity caters for the O&M. 7

8 GDF SUEZ Private Power Pioneer in Oman and the Gulf Financing and Partnership All developments are done via investment consortia Local and international partners Assets are all project financed 8

Buyer Model Long Term off-take contracts (PWPA) Fuel

9 GDF SUEZ Private Power Pioneer in Oman and the Gulf Business Framework for Power and Water Sector Single Buyer Model Long Term off-take contracts (PWPA) Fuel Supply Long Term supply contracts in back-to-back with the PWPA 9

10 Power Sector on the local stock exchange Requirement to float 35%- investors are mainly institutional (Pension Funds..) 3 of our assets are currently listed on the MSM- Market capitalization 200M ORM 2 new IPO s are coming- Sohar 2 and Barka 3 plant Market Cap of all power related projects around 400 M OMR Total Market Cap MSM 2013 > 14 B OMR 25% Banking 30% Bonds 8% Services 23% Industry 14% 10

11 Omanisation Omanisation is an important trend-part of the sustainable progress Omanisation reaches levels around 50 to 60% Mr. Yaqoob Al Harthi is the first Omani General Manager of one our companies in Oman 11

12 CONCLUSION- LOOK BACK Investing in Oman s power has been a great success Solid and respected legal framework Match between different LT contracts Transparent Mechanism Increasing # of skilled local workforce 12

13 Our Mission We deliver energy and water in a competitive, reliable and responsible manner Our Vision To be the number 1 power provider wherever we operate

Sustainable cities : How can the Development community help?

Sustainable cities : How can the Development community help? World Bank workshop June 13 th, 2011 Stéphane Quéré Urban Development Department Presentation of GDF SUEZ 2 Group profile GDF SUEZ develops