Low-carbon energies We are exploring opportunities in low-carbon hydrogen and ammonia to leverage the UAEs substantial gas reserves, world-class infrastructure, carbon capture and storage expansions, and global partnerships. Low-carbon hydrogen will play a vital role in unlocking additional decarbonization opportunities for the hard-to-abate industrial and transportation sectors, including shipping and aviation. We already have existing large-scale hydrogen and ammonia production facilities, and some of the worlds most cost- competitive solar photovoltaic (PV) energy, which will support our further low-carbon hydrogen development. Expansion of our carbon capture, utilization and storage (CCUS) capabilities will support the increased production of low-carbon hydrogen and ammonia. We have already delivered eight cargos of low-carbon ammonia to customers in Europe and Asia. These initial cargos are a critical step, enabling our partners to test new applications for ammonia, demonstrating growing interest in low-carbon ammonia, a fuel that could help end users reduce their operational emissions in traditionally hard-to- abate industries. Capitalizing on this, ADNOC is building a 1 mtpa low-carbon ammonia production facility at the new TAZIZ Industrial Chemicals Zone in Abu Dhabi, with production planned to begin by 2025. We have also commenced the engineering design stage for an additional 1 mtpa low-carbon ammonia facility in Al Ruways Industrial City. To further support our efforts in this space, ADNOC and Mitsubishi Heavy Industries, Ltd. announced in December 2023 the signing of a strategic collaboration agreement with the aim of accelerating the development of global hydrogen and ammonia value chains. Potential opportunities to build low-carbon energy supply chains and advance carbon-neutral solutions will be explored to accelerate decarbonization across the energy sector. Building on our efforts to help our customers decarbonize, ADNOC has proceeded with the engineering design stage for a world-scale CCS hub, a low-carbon hydrogen and ammonia production facility, with the capacity to produce 1 mtpa of low-carbon ammonia. The proposed facility is enabled by ADNOCs $23 billion (AED84.4 billion) allocation to investment in low-carbon solutions and supports the UAEs National Hydrogen Strategy. 38