Abu Dhabi National Energy CompanyADX: TAQA

TAQA enters into definitive agreements with Waldorf Energy Netherlands BV for the sale of its upstream oil and gas business in the Netherlands

· Issued by Abu Dhabi National Energy Company

6 October 2022

Disclosures and Compliance Section

Market Operations Surveillance Department

Abu Dhabi Securities Exchange

Dear Sir,

Subject: TAQA enters into definitive agreements with Waldorf Energy Netherlands BV for the sale of its upstream oil and gas business in the Netherlands

Further to our announcement on 5 July 2022 in relation to completion of the strategic review of oil and gas businesses, please be informed that Abu Dhabi National Energy Company PJSC ("TAQA") has through its wholly-owned subsidiary, TAQA Energy BV entered into definitive agreements with Waldorf Energy Netherlands BV ("Waldorf") to sell 100% of its ownership in the upstream oil and gas business in the Netherlands.

2022ربوتكأ 06

لاثتملاو حاصفلإا مسق /ةداسلا ةباقرلاو تايلمعلا ةرادإ

ةيلاملا قارولأل بظوبأ قوس

ي

،،،دعبو ةبيط ةيحت

بيقنتلا لاجم ف اهلامعأ عيبل تايقافتا عقوت "ةقاط":عوضوملا

ي

ر

"فرودلاو" ةكش لىإ ادنلوه ف زاغلاو طفنلا جارختساو

ي

ً

ةعجارملا لامكتساب قلعتملاو ،2022ويلوي 5 موي رداصلا اننلاعلإ اقحلا

ر

نأ دون اننإف ،زاغلاو طفنلا عاطق ف انتارامثتساو انلامعلأ ةيجيتاتسلاا

ي

ر

ً

دق ،)ةقاط( .ع.م.ش ةقاطلل ةينطولا بظوبأ ةكش نأ املع مكطيحن

ي

ر

،"ف ب جرنإ ةقاط" لماكلاب اهل ةكولمملاو ةعباتلا اهتكش تع تعقو

ي ي ي

ر

)"فرودلاو"( "ف ب زدنلارذن جرنإ فرودلاو" ةكش عم تايقافتا

ي ي

ي

طفنلا جارختساو بيقنتلا لامعأ ف "ةقاط" ةيكلم نم %100 اهعيبل

ي

.ادنلوه ف زاغلاو

ي

This transaction remains subject to obtaining

ر

تاقفاوملا لىع لوصحلا تاءارجلإ ةعضاخ ةقفصلا هذه قبتو

applicable regulatory and other third-party approvals.

ةينعملا فارطلأا نم اهتغور ةيميظنتلا تاهجلا نم ةيئاهنلا ةيميظنتلا

.ىرخلأا

Yours faithfully,

ر

،،،ريدقتلاو ماتحلاا قئاف لوبقب اولضفتو

Mohammad Adnan Sharafi

ر

فش ناندع دمحم

ي

Secretary to the Board of Directors

ةرادلإا سلجم ش يمرأ

+971 2 691 4666 :سكاف +971 2 691 4900 :فتاه ،ةدحتملا ةيبرعلا تاراملإا ،يبظوبٔا،55224 ب. ص ،ةيراملا ةريزج ،يملاعلا يبظوبٔاقوس ةعبرم ،ماقملا جرب

Al Maqam Tower, Abu Dhabi Global Market Square, Al Maryah Island, PO Box 55224, Abu Dhabi, United Arab Emirates, Tel: +971 2 691 4900 Fax: +971 2 691 4666

taqa.com

Company analysis