Downstream Oil presentation

November 24th, 2015

| OMV Petrom, Downstream Oil, November 24th, 2015

OMV Petrom: strength of integration

Romania

Kazakhstan

Upstream Downstream Oil

Downstream Gas

► 3,9 mn toe/yr crude oil and NGL

► 5.3 bcm/yr gas

► 671 mn boe proven reserves

(~10 yrs of current production)

► 0.4 mn toe/yr crude oil and NGL

► 0.05 bcm/yr gas

► 19 mn boe proven reserves

► Gas sales 4.4 bcm/yr (up to 40% of

Romanian demand)

► Brazi gas-fired power plant (860 MW)*

► Dorobantu wind park (45 MW)*

► Petrobrazi refinery

(4.5 mn t/yr capacity)

► 3.4 mn t marketing sales

► 780 filling stations (Romania, Bulgaria,

Serbia, Moldova)

FIGURES AS OF 2014

100% of the oil processed at Petrobrazi

Up to 20% of gas used in CCPP Brazi

* Starting with 1st of July, 2015, assets are operated by Downstream Oil; only electricity market related activities remain in Downstream Gas

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| OMV Petrom, Downstream Oil, November 24th, 2015

Downstream Oil’s value chain

Product

Stock

Product

Sale Crude Oil

Stock

Crude

Purchase $

$ = Cash in / out

Purchased from

Upstream (100%)

or from other

suppliers

Sale via

• Retail

• PSS

• Export

SF & RM

usage

Refinery

Products

Crude

usage

$

Sem

i fi

nis

he

d (

SF

)

&

oth

er

raw

mate

rials

$

Tra

de g

oo

ds

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| OMV Petrom, Downstream Oil, November 24th, 2015

Downstream Oil: Strong focus on safety and efficiency

Downstream Oil LTIR*, below the

international benchmark levels

Safety programs along the value chain

involving both employees and

contractors

Significant reduction of GHG**

emissions: ~10% reduction of CO2

emissions in 2014 vs 2010 (yoy)

* Lost time injury rate (employees and contractors) ** GHG – Green House Gas

HEALTH

SAFETY

SECURITY

ENVIRONMENT

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| OMV Petrom, Downstream Oil, November 24th, 2015

Strategy 2021: Sustainable Performance for Growth

Position for long-term growth 2015+ Strategic directions remain…but pace depends on market fundamentals and investment friendly environment

2012-2014 Delivered

B

A

Downstream Oil

▪ Enhance value of integrated downstream

▪ Optimize business portfolio

▪ Modernize/improve efficiency of Petrobrazi

refinery

▪ Revamp fuel storage network

Downstream Gas ▪ Bring Brazi CCPP on stream

▪ Enhance value of equity gas by strengthening

gas sales

▪ Optimize across commodities and leverage

the evolving regulatory framework

▪ Stabilize production

through field redevelopment, drilling, workovers

▪ Continue with operational excellence

▪ Optimize E&P portfolio through partnerships

Upstream ▪ Increase ultimate oil and gas recovery

▪ Explore and appraise Neptun block (Black

Sea deepwater)

▪ Explore deeper and frontier hydrocarbons

People. Develop and empower human capital to achieve operational excellence and growth

Resourcefulness. Create shared value with stakeholders for long-term sustainable growth, having high safety and environmental standards.

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| OMV Petrom, Downstream Oil, November 24th, 2015

Strategic direction Downstream Oil

Key Projects

Further improve refinery yields (maximize diesel /minimize fuel oil production) and energy efficiency at refinery (heat integration in units, mounting floating membranes and double sealing on the products tanks, etc)

Two brands retail strategy (international premium brand - OMV, and the national Romanian brand - Petrom, positioned as value-for-money brand)

Focus on providing best-in-class customer services as well as further diversifying the existing range of customer services

Main Targets

Further optimization of product mix to meet market demand

Improve refinery energy efficiency*

Supply chain optimization

Maintain market share in the retail business

Challenges

Fuel margins under pressure due to increased competition

Address market’s need for innovation

Maintain customer loyalty in a competitive market through prime products and services

* Starting with 1st of July, 2015, Downstream Oil operates also the Power Plants which are in Downstream Gas’ portfolio

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| OMV Petrom, Downstream Oil, November 24th, 2015

Petrobrazi modernization program (2010-2014)

► Revise capacity of crude distillation unit (DAV2) to process 100% Romanian crude while ensuring improved yields and energy

efficiency

► Coker modernization by replacing equipment and therefore ensuring increased throughput and reduced energy consumption

► Desulphurization of refinery gases leading to improved energy efficiency and mapping Petrobrazi emissions to Western Europe

standards

► Vacuum gasoil project to increase diesel and other white products production capacity

Petrobrazi is a sweet heavy crude coking refinery with a high upgrading capability

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► Established in 1936

► Sweet heavy crude coking refinery

► Complex fuel production facility (Nelson index of 12)

► Major units:

► 4.5 mn t/y crude distillation

► 1.78 mn t/y Fluid Catalytical Cracker

► 1.08 mn t/y delayed coker

► 50 MW cogeneration plant

► Diesel Hydrotreater revamp started up at the end of 2007 (10 ppm diesel production)

► Gasoline post-treater completed early 2009 (10 ppm gasoline)

| OMV Petrom, Downstream Oil, November 24th, 2015

Petrobrazi clean-up program magnitude

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Indicator Total

2008-2012 Equivalent ~

Scrap iron, out of which: 86,175 to 12 x Eiffel Tower

- Dismantled pipes (in 4“ equivalent) 2,766 km 3 x BUC-VIENA

- Insulation metal sheets 391,916 m2 52 x Football fields

Stainless Steel 8,840 to

Concrete 551,154 to Burj Dubai building

Pipe sleepers cleaned under 26.86 km

Shrubbery removal 330.38 ha Las Vegas area

Removal mineral wool 109,550 m3

Gravels obtained from concrete crusher 139,211 m3 12m wide road Pbz-Buc

Equivalent of 2

Arpechim refineries

Petrobrazi

refinery

before

/after

clean-up

| OMV Petrom, Downstream Oil, November 24th, 2015

Terminals and filling stations network

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Jilava old Terminal Jilava new Terminal

Optimized and modern terminals network

OMV Petrom filling stations network

780 filling stations in

Romania, Bulgaria,

Serbia and Moldova

Thank you!

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