ARACA ENERGY ASAFINANCIAL STATEMENTS31 DECEMBER 2019

CONSOLIDATED FINANCIAL STATEMENTS AND STAND-ALONE FINANCIAL STATEMENTS OF THE PARENT COMPANY PREPARED IN ACCORDANCE WITH SIMPLIFIED APPLICATION OF INTERNATIONAL ACCOUNTING STANDARDS ACCORDINGTO THE NORWEGIAN ACCOUNTING ACT § 3-9

ARACA ENERGY ASAOSLO, NORWAY

Company Registration Number: 989 307 606ISIN: NO0010318405Ticker: ARACAList: NOTC A-LIST, Oslo, Norway

CEO: Mr Jan Harald Skjelderup SætvedtChairman: Mr Rashid M. Ibrahim

Directors:Mr Abdulkareem Al-MutawaMs Kristina StehlingMs Tatiana Melkaia

Group Auditor:Moore Stephens DAOslo, Norway

Authorized Accountant:View Ledger ASOslo, Norway

Bank:Sparebank 1 SR BankStavanger, NorwayIBAN: NO7032072111566BIC: SPRONO22

Registrar:DNB Bank ASAOslo, Norway

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