Company Presentation May.2016 Our Story

Dana Energy has a storied past, and we are proud of our long history.

Our history is part of our platform for future success and thus intimately linked to our present activities and future goals. It all began in 2000, with the establishment of Dana Energy Company. Over the years we expanded our services and diversified into exploration and production, upstream services and energy trading. After nearly 15 years of growth and development, we are now a leading private Iranian company in oil and gas industry.

Dana Energy Company 3 Vision and Mission

. Our Vision: Seeking Excellence for value creation in the Energy Sector

. Our Mission: To Sustainably Invest, Develop and Manage in the Energy Business.

. Our Values:

• Integrity • Commitment • Knowledge

Dana Energy Company 4 Business Segments

After 15 years of flourishing development with exceptionally high success rate in numerous oil & gas projects, we are mainly engaged in three business segments:

Exploration and Production Upstream Services Energy Trading

Dana Energy Company 5 Exploration and Production

Our E&P capabilities includes geology, geophysics, geochemistry, and reservoir engineering as the keys to discover new hydrocarbon reservoirs and to unlocking the potential of its assets. The company’s experience covers the value chain from exploration to production with innovative integrated subsurface workflows. Our blend of exploration and production solutions bring together reservoir evaluation, production optimization, asset integrity management and fiscal measurement of hydrocarbons.

Geoscience Exploration & Delineation Development Decline Well Engineering Brownfield Redevelopment Facilities Formation damage and EOR Projects Production Optimisation Fractured Reservoirs

Gas Storage

Portfolio Valuation Opportunity Identification

Asset management Decommissioning

Exploration Drilling Optimisation

Dana Energy Company 6 Upstream Services

Our oil and gas upstream services include a diverse range of services including seismic services, data processing and subsurface imaging, well construction, rig provision and management, wide range of drilling services such as cementing and acidizing and provision of drill bits and downhole equipment. From the simplest well to the most complex reservoir, at different stage of the well and reservoir life, we deliver best-in-class services to our clients.

Geophysical Services Well Construction Rig Lease and Operation Cementing and Stimulation Drill Bits and Downhole Tools

Dana Energy Company 7 Energy Trading

Petroleum Products Trading As part of this division’s business, we are comprehensively engaged in overseas-related operations including trading of crude oil and products. We aim to further improve our sales infrastructure through efforts to expand trading business fields and boost cost competitiveness.

Renewable Energies In addition to conventional source of energies, we take a pragmatic approach to renewable energy sources by pursuing and focusing on technologies that leverage our local strengths. We facilitate deployment of energy efficiency and renewable energy technologies.

Dana Energy Company 8 Corporate Structure Board of Directors

Internal Audit Board Committees

CEO

Executive Committee

Legal Business Support Finance

Exploration and Production Upstream Services Energy Trading

Geophysical Well Rig Lease Cementing and Drill Bits and Services Construction and Operation Stimulation Downhole Tools Chief Officers

Mohammad Iravani Seyed Mostafa Khoee Mohsen Daneshkhah Abbas Allahdad Peyman Dayyani

Chairman and CEO President President Chief Financial Chief Administrative Exploration and Production Upstream Services Officer Officer

Dana Energy Company 10 Executive Team

Hossein Roshandel Davood Sarbaz Bijan Nami Gholamreza Monzavian EVP, Exploration and Production EVP, Geophysical Services EVP, Well Construction EVP, Rig Lease and Operation

Naghi Valiollahi AmirHossein Amini Keivan Keikhanzadeh EVP, Cementing and Stimulation EVP, Energy Trading EVP, Drill Bits and Downhole Tools

Dana Energy Company 11 Key Figures

Registered Capital Revenue

93Million USD 435 MILLION USD

Total Assets Operating Income

670Million USD 33Million USD

Dana People Total Current Projects Value

1,730 2.5Billion USD

Dana Energy Company 12 Major Milestones

2002 2003 2007 2008 2011 2012 2014

Award of South Pars Award of the Biggest Award of First 2D Award of Drilling Award of South Pars Award of Award of Directional Phases 17B-18B National 3D Seismic Seismic Data Contract for 20 Phases 15-16 Drilling Stimulation Services Drilling Contract Drilling 22 Production Data Acquisition Acquisition Contract Exploration Wells 24 Production Wells Contract Wells Contract

Award of South Pars Award of First Phases 9-10 International Seismic Cementing and Data Acquisition Stimulation Services Contracts Contract

Dana Energy Company 13 Our Subsidiaries

Companies Activities

Dana Drilling Co. Executing onshore and offshore drilling projects on EPD basis Providing integrated drilling services Provisions of well completion and drilling operations Dana Geophysics Co. Geoscience & Geophysics Seismic data acquisition, processing and interpretation.

Dana Petro Rig Co. Provisions of onshore and offshore drilling rig operations

Dana Oil Services Co. Provisions of oil & gas well cementing and stimulation services

Dana Drill Bits and Downhole Tools Co. Procurement all range of drill bits and downhole tools

Dana Oil & Gas Co. Provisions of integrated oil & gas field development services

Petro Dana Co. Petroleum products trading

Dana Energy Company 14 Our Projects International Offices

Dana Energy maintains eight international offices around the world:

Tehran

Dubai

Muscat

Hong Kong

Istanbul

Shanghai

London

Islamabad

Dana Energy Company 16 Dana People

Dana Energy Company 17 One Offshore Jack-up Drilling Rig

18 Three Land Rigs

19 One Acidizing Vessel 10 Vibrator Sets 4 Recording Cabin Sets 100 Units Active Drilling Crew Tehran Headquarters Kish Island Supporting Base Ahwaz City Supporting Base Kish Island Open Yard and Warehouse

23 Hi-tech Seismic Data Processing Center Dana Energy Corporation No. 140, Dastgerdi St., Shariati Ave., Tehran, 1919943555, . www.danaenergy.ir

© 2016 Dana Energy Corporation. All rights reserved.