PRESS RELEASE

Malabo – 22^nd July 2009

SIGNATURE OF CO-OPERATION AGREEMENT BETWEEN MINISTRY OF MINES, INDUSTRY AND ENERGY, SONAGAS AND BG

The Ministry of Mines, Industry and Energy is pleased to announce that the Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS), under the supervision of the Ministry of Mines, Industry and Energy, executed a co-operation agreement with BG on July 16th, 2009. The agreement will allow SONAGAS to gain experience in the global LNG market and will participate with BG in LNG marketing.

The agreement also contemplates an annual contribution by BG for social work projects during the next 14 years. BG will also provide a full training programme for SONAGAS and Ministry of Mines, Industry and Energy personnel.

The agreement also guarantees the establishment of a representative office by BG in Equatorial Guinea which will have a 50% local workforce.