An Integrated Industrial Park This is the out line of the presentation. First I would like to present our partners for the research and Analysis. Then introduce the result of Competitive analysis and identified opportunities for plastic processing business. Next I would like to continue to Market Study and estimated opportunities in other industry, Then would like to close the presentation by mentioning our support for business matching. Click

Outline Background Vision and Objective Overview of Petro Rabigh Geographical Location and Site Advantages Opportunities Offerings Conditions This is the out line of the presentation. First I would like to present our partners for the research and Analysis. Then introduce the result of Competitive analysis and identified opportunities for plastic processing business. Next I would like to continue to Market Study and estimated opportunities in other industry, Then would like to close the presentation by mentioning our support for business matching. Click

Background Saudi Aramco Sumitomo Chemical A fully-integrated, global petroleum enterprise. Sumitomo Chemical One of the Sumitomo group company, and also one of Japan's leading chemical manufacturers, offering a diverse range of products in worldwide.

Create more “Value” in Saudi Arabia Vision Establishing an industrial park to convert petrochemical further into downstream product with an integrated network of feedstock suppliers, infrastructure and service providers. Create more “Value” in Saudi Arabia Job, Skill, Future Business Opportunity The Vision is to establish an industrial Park with an integrated network of feedstock suppliers, infrastructure and service providers. The park will provide substantial investment opportunities to foreign and local investors The main benefits to investors arise from cost synergies and economies of scale of sharing infrastructure, Support services, resources and achieving optimal integration within the value chain. The project objectives will be discussed in the next slide. Click

Objective Enhanced local economy with a variety of industries and services A platform for broad downstream industries Attraction of Local & foreign investments for High Value Added & Export Oriented industries Creation Job opportunities for local society

Petro Rabigh Process Configuration CDU Naphtha Kerosene Fuel Oil Crude 400,000 BPD Existing Refinery Utilities & Offsites Water、Steam, Power Cooling Water Potable Water Compressed Air Tankage Flare Systems Marine Loading Misc. Projects Pipelines Buildings Communications VDU VGOHDT HOFCC C4 Alky&Isom Gasoline (63 MBD) Fuel Oil (89 MBD) Refinery Upgrade Ethylene 1,300 KTA Propylene 900 KTA Ethane 95 MMSCFD Ethane Cracker LLDPE PP (Homo) PP (Block) MEG HDPE PO LL Density polyethylene 250 KTA 350 KTA High Density Polyethylene 300 KTA Ethylene Glycol 600 KTA Polypropylene - Homo Polypropylene – ICP Propylene Oxide 200 KTA Petrochemicals This is Olefin Plants Project scope among the overall Rabigh development Scheme. HOFCC will receive VGO feed from Refinery and feed Propylene to the Petrochemical Plants. EC will receive Pipeline gas and feed Ethylene to the Petrochemical Plants.

Saudi current and planned rail network Geographical Location In the same site with Petro Rabigh Saudi Arabia is already well connected by extensive road network. RCIP is within 7 Km from the highway. 150 Km to KAI Airport in Jeddah 180 Km to Jeddah Islamic Port, World 28th (in 2004) and Saudi Arabia largest container Port. handle 39 MM ton (exclude crude oil) and exports to 66 countries worldwide and still growing rapidly 20 Km to King Abdullah Economic City as an access to a possible future seaport and other facilities. Rail transport may be a good option from East to west by 2012…Expansion underway North-South expected for 2010 Land bridge expected for 2012-2014 170 Km from Yanbu Industrial City Saudi current and planned rail network

Geographical Condition W PETRORabigh King Abdullah Economic City and its Sea Port Rabigh Town As you can see in this slide Rabigh CIP is located around 15-20 KM north of KAEC. Click

RCIP Site In the same site with Petro Rabigh RCIP occupy's 240 ha (2,400,000 m2) RCIP is Isolated from Petro Rabigh with Property Fence and has its own entrance connected to the highway RCIP is divided in to 5 Zones to accommodate around 30-40 Medium / Small industries. Zone I – Industrial Services Zone II - Plastic Processing Zone III - Assembling Zone IV - High-Tech Zone V - Logistic and Utility RCIP site is equipped with high standard utilities and infrastructure network, i.e. power , desalinated water , sewage and communication networks. Rabigh Conversion Industrial Park Petro Rabigh Complex

Rabigh Plus Tech Park Rabigh Plus Tech Park construction is based on the highest International standards including:- Buildings Administration Building, 643 SM Cafeteria building, 461 SM Support service building, 461 SM. Maintenance building, 461 SM Substation Building, 622 SM. Massjed, 162 SM to accommodate 90 persons. Guard house, 26 SM This is a perspective view showing an initial model for Rabigh Conversion Industrial Park after construction. As mentioned in the previous slide it is expected to accommodate 40 – 60 Industries that will create around 4000-5000 new jobs. Fully Integrated Industrial park is the theme and concept for this Industrial Park, this will be explained in the coming slides. Click

Rabigh Plus Tech Park Roads and Parking areas Total length of roads at park is around 15KM with 5 categories as follows: Primary road: 3.6 KM length, with 35 M width Secondary road: 2.9 KM length, with 25 M width Collector road: 3.9 KM length, with 20 M width Patrol road: 4 KM length, with 4 M width. Side walk: 25 KM length with 2 M width around park Site This is a perspective view showing an initial model for Rabigh Conversion Industrial Park after construction. As mentioned in the previous slide it is expected to accommodate 40 – 60 Industries that will create around 4000-5000 new jobs. Fully Integrated Industrial park is the theme and concept for this Industrial Park, this will be explained in the coming slides. Click

Rabigh Plus Tech Park Sanitary networks Storm Water drainage Total length of sanitary net work around 9 KM with 3 lifting station, 89 Sewer manholes and 89 inspection chamber box. Storm Water drainage Total length of storm water drainage around 8.4 KM including 4 concrete culvert box. Water networks Desalinated water net works for RCIP site is around 14.5 KM. The raw water is provided by Petro Rabigh at 300 CM per HR through 12” pipe line with total length 5.6 KM. This is a perspective view showing an initial model for Rabigh Conversion Industrial Park after construction. As mentioned in the previous slide it is expected to accommodate 40 – 60 Industries that will create around 4000-5000 new jobs. Fully Integrated Industrial park is the theme and concept for this Industrial Park, this will be explained in the coming slides. Click

Rabigh Plus Tech Park Electrical networks Communication net works Total length of electrical cable network is around 39 KM Providing power to site at 13.8 KV. The network will include 4 transformers, 4 switchgears and 48 RMU. The Power is provided by Petro Rabigh to the park site through 29 KM of Electrical Cable at 34.5 KV. Communication net works Total length of primary communication net works is around 35 KM and secondary network is around 13.6 KM with 13 communication manhole, 10 hand hole, 121 pulling hole and 6 cabinet base. Landscaping Landscaping area covers 500 SM with water concrete fountain in the center of the Park. This is a perspective view showing an initial model for Rabigh Conversion Industrial Park after construction. As mentioned in the previous slide it is expected to accommodate 40 – 60 Industries that will create around 4000-5000 new jobs. Fully Integrated Industrial park is the theme and concept for this Industrial Park, this will be explained in the coming slides. Click

Concept Fully Integrated Industrial park Integrated Refinery & Petrochemical Center Industrial Park Utilities Supply At cost High value added / Export oriented industries Refinery Feedstock supply Long term agreements Competitive prices Logistic Services Petrochemical Processing Supporting Business / Industrial Services Technical support Services (PTC) One stop service center Integration is a key concept of Rabigh CIP. Rabigh CIP will provide: Vertical integration along the supply chain and manufacturing processes and horizontal integration of diverse conversion industries, with full collaborative environment includes outsourced services of logistics and other services. This will ensure maximize tenants benefit and optimum synergies among all the Industrial Park stake holders as you can see in this slide. In addition, we believe Rabigh CIP has certain advantages that will be discussed in the next slide. Click Outside Park Facilities / Services Commercial Services Training Facilities Hotels & Other Business Services Urban Amenities & Environment Social Services Housing

Diversification of Industries Our desire is to grow the “Value of Plastic” coming out from PETRORabigh. This slide shows the examples of plastic related “Valued” products. To grow the value, we believe it is important that tenant industries extended their product chain toward the outer orbit with varieties of products for wider diversification. The offering conditions to investors will be discussed next. Click

Identified Opportunities for Plastic Processing Opportunities First : Selection of Opportunities (Plastic Processing) Identified Opportunities for Plastic Processing Non-Woven Fabrics (Hygienic & Medical) Geo synthetic Materials Dry Bulk PE Container Liners Medical Solution Bottles & Sharp Containers Woven Fabric for Flat Jumbo Bags Automobile Small Parts BOPP Film HDPE Composite Pipes From the examination, these 8 products are identified as opportunities for plastic processing. They are Non-Woven Fabrics (Hygienic & Medical) Geosynthetic Materials Dry Bulk PE Container Liners Medical Solution Bottles & Sharp Containers Woven Fabric for Flat Jumbo Bags Automobile Small Parts BOPP Film HDPE Composite Pipes These are not the all opportunities, but these are suggested products from Townsend / AMD as high chance of opportunities because of cost of production and market accessibility. Click

Suggested Products by Category Opportunities Second : Selection of Opportunities (Wide Range) Suggested Products by Category 1. Children related -Infant care -Toys -Stationery -Baby stroller -Child seat 2. Automobile parts: - Battery container - Accessories - Replacement parts 3. Tires -Automobile tires 4. Medical & health: -IV solution bag -Supplements -Barrier film -Disposable medical analytical products 5. Water related: -Water purification plant -Membrane -Rigid pipe -Chemical additives 6. Construction -Plastic flooring - Domestic -Wall paper -Water proof sheet 7. Construction -Specialty film - Export (window, construction, agriculture) 8. Household -Household appliances Electric -Switches, wire and Appliances cables -LCD (long term goal) 9. Paints -Construction paints -Repair paints for automotive -Paint for plastic 10. Others -Plastic in general -Recycling system Based on the results of market analysis, we identified the potential industries and product categories so that we will be able to proceed the promotion program to find prospective tenants and companies for Rabigh CIP. These are Children related Automobile parts Medical & health Water related Construction for Domestic / Export Household Electric Appliances Paints Tires Click

Offering Conditions Land Lease Rate (for 30 Years) include industrial park management fee (6) SR/sq m/year , to be revised every 5 years Lots are of multiple of 5000 sq m. Utilities Electricity unit Supplied @ 13.8 KV 10 Halalah / Kwh Desalinated Water 4.5 SR / m3 Feedstock from Petro Rabigh at market based competitive prices and through long term supply agreements. Tenants has the option to use feedstock from other than Petro Rabigh The land at Rabigh CIP will be leased to tenants for 30 years. The land rent rate shall represent the actual development cost including the park operation, maintenance and management. It will be determined once the cost of development is finalized. But for feasibility study purpose a range of 1.3-2.6 $/square meter per year can be considered. The power and water will also be at cost and will not exceed the government set rate of 3.2 cents / Kwh and 1.6 $/cubic meter respectively. Land will be available for construction by 2nd Quarter of 2008 while utilities will be ready for use by 4th quarter of 2008. Next I will review with you the project current status.