RUBIS - 2019 Universal Registration Document

1 PRESENTATION OF THE GROUP - Activities

2020 AGENDA

2019 HIGHLIGHTS

PORTUGAL Rubis acquired Repsol’s LPG distribution assets in the islands of Madeira and the Azores, representing a total volume of around 15,000 tonnes after the takeover of pipelined continental distribution networks in 2017. KENOLKOBIL Acquisition of KenolKobil, leader in the distribution of petroleum products: networks (approximately 400 gas stations), aviation fuel, LPG, lubricants, bitumen, commercial and industrial, with secure access to oil pipelines and a network of 10 terminals. The company also operates in Burundi, Ethiopia, Uganda, Rwanda and Zambia. In December, KenolKobil finalized the acquisition of Gulf Energy Holdings Limited (GEHL), a company housing all the petroleum product distribution

SURINAME Creation of a gas station network. KENYA Transfer of gas stations to the RUBiS banner. HAITI AND MADAGASCAR Development of micro LPG cylinder-filling centers in gas stations. NON-FUEL Development of “non-fuel” services in all gas stations. NEW ENERGIES Development of projects related to new energies and the energy transition: hydrogen fuel cells, photovoltaic panels, treatment of sargassum, etc.

activities of Gulf Energy Limited, number 4 in the Kenyan market. With 470,000 m 3 of petroleum products distributed in 2018, GEHL is a major force in the key market segments: network (46 gas stations), commercial (notably in the supply to power plants and major industrial customers), aviation, LPG and lubricants. In support of its distribution activities, the company has 2 petroleum product storage depots (Mombasa and Nairobi), an LPG storage facility with a bottle-filling center, and a lubricant storage and packaging unit. KENYA Rubis is now the leader in Kenya, with 20% of the market share.

SURINAME Opening of a new petroleum product storage terminal.

RUBIS LAUNCHED A LINE OF LUBRICANTS IN JAMAICA Rubis Energy Jamaica launched the Rubis lubricant product line in the Jamaican market in June 2019: a commemorative milestone for the Group's sixth year of operations in the country. Blended (from base oils and additives that meet international standards) and packaged in Jamaica, these lubricants have been customised to suit the needs of the country’s motoring public, factories and mechanics. In particular, we produce high performance passenger car motor oils which meet the highest requirements of the American Petroleum Institute (API), high-performance heavy-duty diesel engine oils (e.g. API CJ-4SL), outboard 2-stroke oils, automotive gear oils, automatic transmission fluids, heavy duty transmission oils, industrial hydraulic oils and industrial gear oils. Rubis lubricants have seen a significant upward trend in sales for the period and are well on the way to meeting ambitious targets for the first and second quarters of 2020. Further success is anticipated for the product line when business to business (B2B) transactions are grown further and developed to facilitate large scale transactions. Currently, Rubis lubricants are retailed through all RUBiS gas stations and to a significant number of commercial and industrial customers across the island. Alain Carreau

Chief Executive Officer Rubis Energy Jamaica

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Rubis 2019 Universal Registration Document

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