Leviathan Sanction - shareholder

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Leviathan Sanction February 23, 2017. Leviathan Project Sanction Highlights Exceptional quality project with decades of potential First Gas Targeted for the End of 2019. Initial capacity of Bcf/d, future phase expansion to Bcf/d Cyprus 35% WI. Initial 2017 Reserve Bookings Estimated at Tcf Gross Tamar WI. ~550 MMBoe net, over 35% increase in total company reserves Leviathan Dor Target Volume Case of 1 Bcf/d Gross WI. Minimum volume case of 600 MMcf/d at startup Tamar SW. WI Tel Aviv NBL Interests Fully Funded Project Captures Procurement Producing Savings in Offshore Industry Trough Discovery $ * B gross, $ B net phase one capital Sanctioned Ashdod Existing Pipeline AOT. Leviathan initial investment funded with Tamar operating cash Planned Pipeline 47% WI. and planned EMED portfolio management Israel Sets up cost effective expansion Egypt * Includes ~$200 million in pre-investment for expansion and ~$100 million in 2016 capital NBL 2.

NBL Leviathan Project Sanction Highlights First Gas Targeted for the End of 2019 Initial capacity of 1.2 Bcf/d, future phase expansion to 2.1 Bcf/d Initial 2017 Reserve Bookings Estimated at 9.4 Tcf Gross ~550 MMBoe net, over 35% increase in total company reserves Target Volume Case of 1 Bcf/d Gross

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