Facts on NNPC/MPN Multi-Year Projects in Akwa Ibom State

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The Facts on NNPC/MPN Multi-Year Projects in Akwa Ibom State Background What Special Projects II is not: 1. It is NOT a palliative or compensation for any oil spill In July 2013, Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum What Special Projects II is: Corporation (NNPC)/MPN Joint Venture, 1. It is a social investment across our neighbouring and coastal announced plans to make multi-year social communities 2. It is an act of goodwill done in good faith investments with a total value of N26 Billion in Akwa 3. Communities undertook to sustain peaceful Ibom State. These investments are in addition to the atmosphere/conduct joint venture's regular annual community Project Governance and Payments: development projects. 1. Managed by a Steering Committee comprising Akwa Ibom The social investment package funds both short- State Government, communities and the JV and long-term projects for MPN's neighbouring 2. Stewarded by indigenous Project Managers communities, as well as other parts of Akwa Ibom 3. Projects and contractors are nominated by benefitting State. Short-term projects include contributions for communities the Eket-Ibeno road reconstruction and Special 4. JV pays project managers on agreed performance milestones Community Projects II in the four communities Update on Activities and Payment Status: surrounding MPN's operations in Qua Iboe Terminal The Special Projects II, since inception in 2014, has provided the (QIT), as well as four coastal communities. following: Community Total Project Cost (N) Payment Project Long-term projects include contributions to Status Status Ibeno 1,471,500,000 (DPC, PMF & S/C) 90% 70% proposed projects such as Ibeno Beach Eket 1,275,300,000 (DPC, PMF & S/C) 25% 26% Esit Eket 1,177,200,000 (DPC, PMF & S/C) 40% 46% enhancement, upgrade of University of Uyo Onna 981,000,000 (DPC, PMF & S/C) 90% 80% Eastern Obolo 272,500,000 (DPC, PMF & S/C) 25% 30% Engineering faculty and design and construction of Mbo 272,500,000 (DPC, PMF & S/C) 25% 30% Mkpat Enin 272,500,000 (DPC, PMF & S/C) 25% 30% Trauma Centre University of Uyo Teaching Hospital. Ikot Abasi 272,500,000 (DPC, PMF & S/C) 25% 30% Sub Total 5,995,000,000 Close Out/Community 5,000,000 Working together, we can deliver more value to our Awards Grand Total 6,000,000,000 communities! Projects Amount (N) Payment Status Project Status Eket-Ibeno Road Counterpart Fund 8,000,000,000 100% since 2014 60% * DPC - Direct Project Cost * PMC - Project Management Cost * S/C - Signage & Commissioning www.exxonmobil.com.ng.

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