PROJECT SHAREHOLDERS





(1) SNGN ROMGAZ S.A. (“ROMGAZ”), a company organized and existing under the laws of Romania, having the headquarters in Sibiu, Mediaş, 4 Motas square, Romania www.romgaz.ro

(2) GEORGIAN OIL AND GAS CORPORATION ( “ GOGC” ), a company organized and existing under the laws of Georgia, having the headquarters in Tbilisi, 21 Kakheti Avenue, district Isani, Georgia. www.gogc.ge

(3) State Oil Company of Azerbaijan Republic (“SOCAR”), a company organized and existing under the laws of Azerbaijan, having the headquarters in Baku, 73 Neftchiler Avenue, District Sabail, AZ1095 Baku, Azerbaidjan. www.socar.az

(4)MVM MAGYAR VILLAMOS MÜVEK ZÁRTKÖRŰEN MŰKÖDŐ RÉSZVÉNYTÁRSASÁG (“MVM”), a company organized and existing under the laws of Hungary, having the headquarters in Szentendrei út 207-209, 1031 Budapesta, Hungary. www.mvm.hu

Each shareholder has an equal share, representing 25% of the share capital of the company.