DMWA RESOURCESYOUR ENERGY GATEWAY TO AFRICA

Corporate Presentation – Africa Oil & Power Investor Forum

DMWA RESOURCESYOUR ENERGY GATEWAY TO AFRICA

A PAN-AFRICAN ENERGY GROUP WITH A STRONG INTEREST IN THECONTINENT’S ENERGY INVESTMENT & MARKETING ACTIVITIES

REGIONAL ACTIVITIES

PAGE 2DMWA RESOURCESYOUR ENERGY GATEWAY TO AFRICA

Ongoing Marketing Advisory- Equatorial Guinea (Gas sector)- Nigeria (Oil sector)

Ongoing Acquisition- Angola (Oil sector)

Ongoing Marketing- South Sudan (Oil sector)- Somalia (Oil sector)

Targeted Marketing- Congo Brazzaville (Oil sector)- Angola (Gas sector)

EMEA OFFICES

Mauritius

Frankfurt

Johannesburg

Malabo

Abu Dhabi

Energy Marketing

- DMWA’s focus on marketing has fostered the development of established relationships with hostcountries and numerous energy producers and around the continent. Our sourcing is based onofftake agreements. In the process, our team provides creative energy solutions to overcomelogistical & financial challenges.

- We capitalize on the extensive pan-African knowledge and experience of our team and offer a rangeof petroleum industry and financial marketing services to African-focused energy firms.

Energy Investments

DMWA’S AFRICAN ENERGY INVESTMENT & MARKETING APPROACH

- We work with world-class partners to undertake selective marginal E&P campaigns, as well as invest inmid- and downstream opportunities in the energy sector. This is a natural evolution from our tradingknow-how into energy investments.

- We reinforce our pledge to Africa by having skin in the game, as commitments to investments maystem directly from our firm’s founders. We seek to create long-term value with investment strategiesthat benefit ourselves and our partners, host countries and their citizens. We collaborate with partnerswho are looking to expand their energy portfolio in the emerging African energy markets.

DMWA RESOURCESYOUR ENERGY GATEWAY TO AFRICA PAGE 3

DMWA RESOURCES IN NUMBERS

DMWA RESOURCESYOUR ENERGY GATEWAY TO AFRICA

6 millionBarrels marketed

In 2018, DMWA’s helpedits partners prefinance& market various crudegrades. In total, DMWA &its partners traded sixmillion barrels of oil inAfrican niche markets.

700 millionUS$ structured

In 2018 alone, DMWAhelped provide financingto energy producers tothe tune of US$ 700m.DMWA structured thefacilities as sovereign-backed prefinancings.

40 thousandtons marketed

Together with variousaffiliated firms in EastAfrica, DMWA co-marketed 40 thousandmetric tons of refinedproduct such as dieseland gasoline in 2018.

50 yearscombined experience

DMWA’s team has acombined experience ofover 40 years in pan-African trading, advisoryand investments (suchas prefinancing andInitial Public Offerings).

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DMWA RESOURCES – OUR EXECUTIVE TEAM

DMWA RESOURCESYOUR ENERGY GATEWAY TO AFRICA

Sebastian WagnerManaging Partner / CEO

Sebastian is the ManagingPartner and CEO of DMWA.

During his career in the Africanenergy industry, he worked atmultinational trading firmTrafigura and affiliated firms,which provided him with vastorigination expertise in theAfrican energy industry. Priorto this, he worked at ADCAfrican Development Corp., asub-Saharan financing group(now part of Atlas Mara), forwhich he was based inEquatorial Guinea and Kenya.

Sebastian is an energy advisorto African-focused corporatefinance boutique Melcofin.

He is a graduate of IFP School.

Verner AyukegbaVice President

Zwelakhe GilaEnergy Originator

Karl RheinbergerCapital Markets

Verner is a Vice President atDMWA Resources, based inJohannesburg.

During his career in thebanking and financial industry,he has most recently been thePrincipal Analyst for sub-Saharan Africa at IHS Markiton Economics and CountryRisk. Prior to joining IHSMarkit, Verner was a FinanceDirector for a regional oil andgas company, based out ofSouth Sudan. Verner is afrequent commentator on pan-African issues.

Verner received an MBA fromKingston University London.

Zwelakhe covers businessdevelopment and corporateoperations at DMWA, and isbased in Johannesburg.

During his career in the energysectors, he has occupiednumerous financial analyticsroles in various energy firms inSouth Africa, including thelargest private LPG storagefacility in South Africa.

He is also the Head ofCommodities for the AfricanEnergy Chamber.

Zwelakhe graduated from theUniversity of Dundee with anMSc in International Oil & GasFinance.

Karl covers capital marketsand institutional investors forDMWA out of Frankfurt.

During his career in financialmarkets, he has workedacross various asset classesat institutions such as KeplerCapital Markets and Main FirstBank , providing him with astrong network within theindustry. Karl has been able todevelop and grow businessesand investors relationships intandem over the years.

Karl received a qualification asCertified European FinancialAnalyst through DVFA (GermanInvestment Analysts Society).

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DividendsDistributions Proceeds from sales

Investor

Finance RiskManagement Organization

Investor

Finance Risk Management Organization

Sending out non-execBoard member

-

-

Financing opportunity

Restructuring or expansion and capacity building

Well administered company run by local CEO

Returning DMWA staff takes on another project

Expansion mode

Operationalimprovements

Capacity building

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IMPACT ON INVESTMENT PROCESS THROUGH ACTIVE ASSET MANAGEMENT

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-

DEAL OPPORTUNITY

PAGE 7DMWA RESOURCESYOUR ENERGY GATEWAY TO AFRICA

DMWA ACTIVELY SEEKS CO-FINANCIERS FOR PROJECT ”SLOBODA”

DMWA Resources is in the process of acquiring a 4%working interest in producing oil block in a WestAfrican country (Project “Sloboda”).

Ø Transaction consideration: EUR 20mØ Working interest production of c. 1,000 bopd net

to the 4% targeted interest

Strategic market entry for DMWA in to largehydrocarbons producing host country in the CongoBasin & add-on trading opportunities

Ø DMWA has earmarked a debt capital raise ofEUR 15m to close the transaction

Ø Tenor of the facility: max. 5 years

TRANSACTION TIMELINE

DMWA to perform prelim. DD

DMWA submits Indicative Offer

Q1

Start discussions w/ financiers

Seller to approve DMWA offer

DMWA & financiers set up SPV

CLOSING

Q1

Q2

Q2

Q3

Q4

THANK YOU VERY MUCH FOR YOUR ATTENTION!

Sebastian WagnerManaging Partner & CEO

2406 Al Sila Tower, Al Maryah IslandAbu Dhabi, United Arab Emiratessebastian.wagner@dmwaresources.com

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Karl RheinbergerCapital Markets

Katherine & West, 114 West Street Johannesburg, South Africakarl.rheinberger@dmwaresources.com

DMWA RESOURCESYOUR ENERGY GATEWAY TO AFRICA

Johannesburg

Abu Dhabi