PRESS RELEASE Malabo – January 17th, 2012   TRAIN 2 INTEGRATED PROJECT EXECUTION OF PRINCIPLES The Ministry of Mines, Industry and Energy is pleased to announce that principles have been agreed covering certain key areas of the value chain related to the Train 2 Integrated Project in Equatorial Guinea. This follows execution by the Ministry of Mines, Industry and Energy on April 20, 2011 of the Memorandum of Understanding covering the development of the LNG Train 2 Integrated Project and its commercial structure. The principles agreements were signed by the Ministry of Mines, Industry and Energy, SONAGAS GE (the national gas company of Equatorial Guinea), the partners of Blocks O & I (Noble Energy, GEPetrol (the national oil company of Equatorial Guinea), Glencore, Atlas Petroleum and Osborne Resources Ltd.), the partners of Block R (Ophir Energy and GEPetrol), 3G Holding Ltd (which has Union Fenosa Gas, GALP Energia, SONAGAS GE and the MMIE as its shareholders) and EGLNG Holdings Ltd. (which has Marathon EG LNG Holding Limited, SONAGAS GE, Mitsui & Co. LNG Investment Ltd. and Marubeni Gas Development UK Ltd. as its shareholders). Following execution of these agreements in Lisbon on 17 January 2012, the next phase of the Train 2 Integrated Project is to define the project scope including plant size and timing. One option being reviewed would result in project FID by the end of 2012 with first LNG in 2016. In welcoming this development, the Minister Delegate of Mines, Industry and Energy, His Excellency Gabriel M. OBIANG LIMA said: “This is a considerable achievement by all the parties and a demonstration of Equatorial Guinea’s determination to continue to develop the gas industry in Equatorial Guinea and to develop the county as a hub for gas processing in the Gulf of Guinea”.