Sultanate of Oman Everlasting Partner

S. Inoue Corporate Adviser Sojitz Corporation 23 October, 2014 Tokyo Contents

Start of the Long Story with Oman for the Future

【１】 Basic Information about Oman

【２】 Business in Oman A. Industrial Complex – Sohar Legend B. Oil & Gas Field and Ports C. Business Development of Sojitz in/with Oman D. Substantial Presence of Japanese Companies

【３】 For the Future - Oman and Japan, Things to do

Zanzibar days of Oman Oman in 1970s

Mutrah Corniche Residential Area Mutrah Corniche

General View of Muscat Mutrah Fish Market

Desert in Oman Dolphins in Musandam Natural Pearl

Bahla Fort The Land of Frankincense

Archaeological Sites of Bat, Aflaj Irrigation Systems of Oman Al-Khutm and Al-Ayn

(Source: Index Mundi) GDP Population

(Source: IMF World Economic Outlook Database, Apr.2014) Stable and Sustainable Economic Development

Export to Japan Import from Japan (547,014 million yen) Steel (278,737 million yen) Others Pipe 3,709 3,820 Others LNG 61,621 194,603 Oil Automobile 348,702 213,296

Oman Japan

Source: Trade Statistics of Japan(2012) Cooperated by Japanese Embassy in Oman

Sohar Industrial Port

Port for Gas Chemical

Qatar Sohar Muscat Qalhat LNG 3,700,000tpa x 1 Oman LNG 3,300,000TPA x 2

Oman Tight New Oil Gas Field Saudi Arabia Field Dry Dock ★ Refinery Oil and LNG Exports Duqm

★ Crude Oil Stock Yard by UAE

Yemen

Gas Field ★ Plan Oil Field Gas Pipe Line Container Hub Port, Oil Pipe Line World 30th, 90% of Oman Salalah (Source: JOGMEC base data added by Sojitz )

1980 Export Credit ・・・Gas Treatment Plant Desalination Plant

1990 Project Business ・・・Fertilizer Plant etc.

2000～ Investment ・・・IPP/IWPP with Partners

Multi-Layer Business ・・・Future in Oman/Japan and Third Countries

 The first J-EXIM(JBIC) export credit for Oman  The first METI(NEXI) export insurance for Oman

Owner: Ministry of Petroleum & Mines(MPM) Contract Date:1983 Site: Yibal (Oman Central) EPC： Niigata/Comprimo

 The first JBIC base project finance

Owner: Sohar International Urea & Chemical Industry(Suhail Bahwan Group) Contract Date: 2005 Site: Sohar EPC Contractor: MHI

Barka-3 Sohar-2 Investors GDF-Suez/Suhail Bahwan/Sojitz/ Yonden/Oman Pension fund Capacity 744MW x 2 (1,488W) Commercial Operation April 4, 2013 April 3, 2013 Type Combined Cycle Gas Turbine Generators PPA Period 15 years Fuel Supply Ministry of Oil and Gas

Sohar-2 Muscat Existing 4,500 MW ＋ 1,488 MW Barka-3

25% of Total Oman Demand

As of April, 2014

Desalination Capacity（gallon) in 2009

17million/day, Ghubrah 13% 40million/day, 29% 33million/day, Barka IWPP I 24% 20million/day, Barka IWPP II 26million/day, 15% 19% Sohar IWPP

Sur IWP

※1 Gallon＝4.54609 Litter

(Source: Hitachi Zosen Corporation) (Source: JETRO) 70% of Muscat water need was covered by HZ/Sojitz plants at the peak period

Copyright © Sojitz Corporation 2014 14 Sojitz’ Experiences and Activities in Oman SOHAR IPP Plant IRAN Musandam ☆ MOT/Quay Wall Fertilizer Plant Construction/STFA(Turkey)(2000,2002) ☆ MOT/Dredging Work/Hyundai（1999) ☆ SRC/Refinery/JGC（2000,2003） Dubai ○ ☆ SIUCI/Fertilizer Plant/MHI（2005) ☆ Sohar-2 IPP/744MW（2013.4）

GHUBRAH ○ ○ Sohar ☆ MEW/Seawater Desalination Plant/ Abu Dhabi Barka Muscat Hitachi Zosen(1981,1984,1990) U.A.E Ghubra Desalination Plant BARKA Sur ☆ Barka-3 IPP/744MW（2013.4） Yibal MUSCAT ☆ ORC/Oil Tank/IHI（1984） ☆ ORC/Catalytic Reformer/ Mitsui Engineering & Shipbuilding (1992) Saudi Arabia

Gas Pipeline YIBAL Port of Salalah Duqm

☆ MPM/Gas Treatment Plant/ Niigata Engineering (1983, 1990)

SALALAH ☆ SPSC/Container Crane/IHI(1997） ◎ Octal Petro/PET/$300mil

YIBAL～SALALAH ☆ Completed ○ Yemen Salalah ◎ Under Construction / ☆ OGC/Line Pipe/NSC & KSC(2000) Under Offtaking ☆ OGC/Pipe Laying/Dpdsal(2000)

Copyright © Sojitz Corporation 2014 15 LNG  Oman LNG: 3.3million t/y x 2 Mitsubishi Corp.2.77%, Mitsui Co, 2.77%, Itochu0.92%  Qalhat LNG:3.7million t/y x1 OIL Itochu, Mitsubishi Corp.  Exploration: JX, Sojitz, INPEX, Osaka Gas 3% each Mitsui Oil Exploration,  Shipping JV: Mitsui OSK Sumitomo, Japex

Source: The 40th Anniversary of Oman -Japan

＜IPP＞ Barka 3： Sojitz/Yonden Sohal-2： Sojitz/Yonden Sur： Marubeni/Chubu/Qatar

＜IWP＞ Ghubrah： Sumitomo/Malaysia/Spain

The Mina Al-Fahal Refinery ＜EPC＞ Mina Al Fahal: Oil Refinery Sohar: Port, Oil Refinery, Fertilizer Ghubrah: Desalination Sur: LNG Yibal: Gas Processing Salalah : Pipeline, Container Crane Etc. LNG Plant Source: The 40th Anniversary of Oman -Japan Copyright © Sojitz Corporation 2014 17

【３】 For the Future – Oman and Japan, Things to do. More for the World 1) Geopolitical – Hormuz Doors to Indian Ocean Strait of Hormuz

2) Enhance joint effort for stable investment market. Gas Field

3) Achieve Long-term and sustainable advantages for 【Key】 Competitive Gas Supply Developers and Investors.

1 Establish Long Term Partnership

2 Maximize mutual benefit for WIN WIN

Expand Business Menu : Transportation, 3 Tele-communication, Tourism, Medical, Fisheries and such value added fields

Open the World Market Together

Nissho Company Iwai Sangyo Company Nichimen Corporation 1892 Japan Cotton Trading Co., Ltd. 1902 Suzuki & Co., Ltd. established 1896 Iwai & Co., Ltd. established established

Nissho Iwai Corporation 1982 Company name changed 1968 Nissho Company and Iwai to Nichimen Corporation Sangyo Company merged

2003 Nissho Iwai-Nichimen Holdings Corporation established through the transfer of shares by Nichimen Corporation and Nissho Iwai Corporation, which become its subsidiaries 2004 Subsidiaries Nichimen Corporation and Nissho Iwai Corporation merged to form Sojitz Corporation Name of holding company changed to Sojitz Holdings Corporation 2005 Sojitz Holdings Corporation merged with subsidiary Sojitz Corporation and company name changed to Sojitz Corporation

2014 10th Anniversary of Sojitz Corporation

Company Name Sojitz Corporation

Established April 1, 2003

Capitalization 160,339 million yen

President & CEO Yoji Sato

1-1, Uchisaiwaicho 2-chome, Head Office Chiyoda-ku, Tokyo 100-8691, Japan

TEL +81-3-6871-5000

FAX +81-3-6871-2430

URL http://www.sojitz.com/en

Corporate Board of Corporate Auditors Governance Model

Stock Exchange Listings Tokyo Stock Exchange

(As of March 31, 2014)

Trade Machinery Off-take

Automobile Aircraft IPP Investment Energy & Metal Finance

Oil and Gas LNG Coal Organizer and Chemicals Developer

Methanol Salt Chemicals Project Management Consumer Lifestyle Business Solution Provider Grain Consumer Goods Industrial Park