Armax Gaz Short Presentation

OPIS 1. General information 2. Shareholders structure 3. Personnel & organizational chart 4. Affiliates 5. Legislation 6. Certifications 7. Equipment's / installations 8. Products 9. Services 10. Main projects 11. Beneficiary of our services 12. Market vision for our company 13. Competition 14. Appendix

1. GENERAL INFORMATION 1.1. History 1925 – onwards 1925 The mechanical workshops in Medias, Sibiu County, join together and so Sonametan Medias is founded. 2000 Becoming a private company. Armax Gaz is the first Romanian company and among the few in the world that offers Gas Dehydration Stations as EPCC.

1.2. We are Our values: •Experience The national leader in the field of manufacturing •Innovation equipment and devices for the gas and oil industry. A modern company with entirely private capital. The complete supplier of turn-key projects (EPCC) for •Quality natural gas industries offering design, manufacturing, assembly, commissioning and maintenance, tailored to Armax Gaz is a reference partner the specific needs of each customer. for the Romanian Energetic Industry. The reliable partner and supporter of the community in which we operate.

1.3. Located in Mediaș, SIBIU County, Romania (Headquarters) where we have our:  Offices  2 Modern Production Facilities of over 15 000 square meters.

100% private Romanian Company, listed on RASDAQ (stock exchange market) 2. Shareholders structure  shares held by Individuals 30.58 %  shares held by legal persons 23.07 %  shares held by Drilling Equipment SRL 46.35% They may only be traded on RASDAQ.

3. PERSONNEL MANAGEMENT TEAM PERSONNEL Number of Average No. Mihaela Ilea Employees Years of Financial Manager Total Personnel Experience Managerial Staff 140 Paul Cristian Valentin FILIP Technical Staff 6 10-15 HODIȘ Technical Manager Design and Engineering Staff 15 10-15 C.E.O. Economical Staff 10 10-15 Marilena Dîlbea Production Staff 2 10-15 Comercial Shop Supervisory Staff 4 10-15 Manager Quality Assurance Staff 2 10-15 Quality Control (Inspection) Staff 2 10-15 Cristina ANGHEL 5 10-15 Quality Manager 10-15 Persida ZELISCA HR Manager

5.LEGISLATION LEGISLATION for AGM: gas and oil equipment construction  Petroleum Law no. 238/2004  Gas Low no. 351/2004  Law no. 64/2008 on the safe operation of pressure vessels, lifting equipment and fuel consuming devices  Law no. 10/1995 on quality in constructions  Law no. 50/1991 on authorizing the execution of construction works  Law no. 337/2006 approving Government Emergency Ordinance 34/2006Law no. 226/2009 on the organization and functioning of official statistics in Romania  Law no. 571/2003 regarding the Fiscal Code  Law 319/2006 health and safety at work.  Law nr.31/1990 commercial companies  Law nr.297/2004 capital Market For the complete Standards and Legislation List applicable to Armax Gaz, please see the Annex.

7.EQUIPMENT’S / INSTALLATIONS 1. 5. 6. 7. 1. Horizontal lathe 6. Milling vertical lathe 10. Portable welding installations Victor Taichung V turn – 26 OKUMA VTM 200 MIG, MAG, WIG, TIG 2. Vertical unit for metal processing 7. Roller machine 11. Hydraulic press 80 – 500 tf Microcut Challenger 1300 DAVI MCB 2545 12. Blasting instalation 13. Laboratory for 3. Horizontal lathe Goodway GLS 150 8. Cutting machine 4. Horizontal lathe Goodway GS 200 / L ESAB Combirex CXL 3500 mechanical tests 5. Horizontal lathe 14. Laboratory for 9. Submerged arc welding machine OKUMA LB 2000 EX ESAB A2TF / A2TG non-distructive tests Diverse manufacturing: large scale, small scale, single pieces 8. 9. 11. 10. 12.

8.PRODUCTS FILTERS, SEPARATORS GAS DEHYDRATION STATIONS REGULATING METERING STATIONS PIG Launching/Receiving Station LEGEND: EP – Exploration & Production T – Transportation S – Storage D – Distribution U - Utilization

PRESSURE VESSELS HEAT EXCHANGERS TRANSPORTABLE TESTING INSTALLATION FOR WELLS We can design at client request a variety of pressure vessels both PED Directive and ASME standards. TANKS These are vessels for stocking different fluids.We can design at client request a variety of tanks both PED Directive and ASME standards. RADIATORS & HEATERS REGULATORS & SAFETY DEVICES LEGEND: EP – Exploration & Production T – Transportation S – Storage D – Distribution U - Utilization

Foaming Agent for Natural Gas Production Stimulation STIMGAZ STIMGAZ is a foaming agent, bar shaped, containing surfactants that are used in gas and gas-condensate wells, producing foam with drinking or salt water and reducing the bottom hole back flowing pressure (hydrostatic load) in order to increase the gas and gas-condensate production rate of partially flooded wells. Gas and gas – condensate production is increased as an effect of reducing well hydrostatic load and consequently, partially flooded well production is restored or even increased. Specific weight (kg/dcmc) 0,85-1,15 Solubility (%) 100% in sweet or salty water Melting point (oC ) 40 Weight / stick (kg/stick) 0.3-0,4 Dimensions L/d (cm) 35/3,5 LEGEND: EP – Exploration & Production T – Transportation S – Storage D – Distribution U - Utilization

9.SERVICES 1. Design 2. Manufacturing Armax Gaz transposes 3. Assembly your ideas into reality: 4. Commissioning 5. Maintenance 6. Service and spare parts 7. Training 8. Natural Gas Distribution.

10.MAIN PROJECTS 1. Gas dehydration station with Triethylene Glycol (TEG) Flow rates 50.000 – 5.000.000 m³/day 1.1 Ticleni, Gorj, Romania 1.5 TPAO, Turkey 1.2 Merisani, Romania 1.6. Transilvania , Romania 22 stations 1.3 Bulbuceni, Romania 1.7. Botorca, Mures county, Romania 1.4 Bradestii, Romania

2. Gas regulation and metering 2.4. different stations – PN 16, 25, 40 and 63 bar locations in Romania 2.1. Sibiu I 2.2. Zimnicea, 2.3. Buzau, Buzau county Teleormasn county

3. Others project as EPCC 4. Technological surface equipment Upgrade Parc TOTEA 4540 Parc, Olt, Romania 3.1. Technical surface equipment for the transformation of the “Cetatea de Balta” structure into a gas storage facility 3.2. Technological surface equipment – Well 3, Sighisoara

5. Gas heating equipment 6. Separation & filtration equipment for natural gas – PN 16, 25, 40 and 63 4.1. Natural gas heaters – Gas storage 5. Rehabilitation of a facility Bilciuresti gas compressor station: repairs of equipment, 4.2. Natural gas heaters: hall, workshops, Brazil, Iran, United Arab gateways and fencing Emirates, South Africa, for the “Sinca” gas Singapore, Australia, compressor station. Argentina, Egypt, Ghana.

7. PIG Launching / Receiving stations – DN 8. Two phase separation equipment for 200 – DN 1100 ANSI 150 –600 liquids extracted from natural gas (PN 25, 40 and 63 bar) deposits. Pig Launching / Receiving station – DN 400 – DN 1000 ANSI 300 (PN 40-64) – 55 stations 9. Mobile testing equipment for natural Two phase separation gas well parameters equipment for liquids extracted from natural Mobile testing gas deposits - 2 pieces: equipment for natural Lunca & Noul Sasesc. gas well parameters – 34 pieces

Top Clients 11.BENEFICIARY OF OUR SERVICES SNGN Romgaz S.A. SNTGN Transgaz S.A. OMV Petrom S.A. Thielmann Energietechnik GMBH Turkiye Petrolleri Anonim Ortakligi

12. MARKET VISION FOR OUR COMPANY Risk Factors: • A limited and relatively small number of clients that generate true business figure; • Low investments and modernization made by clients (including the State) for the; facilities they operate; • Deadlines from the suppliers are not always achieved and this leads to exceeding delivery times. Advantages: • Respected brand on the Romanian market, well known; • High quality & safe to operate products with good prices; • EPCC Projects / Specific equipment based on the exact need of the Client; New approach based on the above: • Small products may represent an opportunity for domestic market; • Enlarging the range of products with investment in research.

13. COMPETITION European competition (depending on the product / Romanian competition service): (depending on the product / service):  Frames Grup (NL)  Heat Gazgep KfT (HU)  Total Gaz Industrie Iasi  Pietro Fiorentini SpA (IT)  Confind Campina  Mueller Industries (DE)  Amici SA  ENCE GmbH (CH)  IMI SA Mocira  Arrow Engineered Products  Allstar Tg. Mures

Looking forward to making your ideas become reality!