29 April 2009 China Petroleum & Chemical Corporation Q Results Announcement

Disclaimer As required by the CSRC, financial statements of the first quarter of Sinopec Corp. (the “Company”) were prepared under PRC Accounting Rules and Regulations. The Company has adjusted part of the financial data in accordance with the International Financial Reporting Standards hereby for the reference of international investors. Financial data of the first quarter contained in the presentation and presentation materials are unaudited. This presentation and the presentation materials distributed herein include forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Sinopec Corp. expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. Sinopec Corp.'s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to price fluctuations, actual demand, exchange rate fluctuations, exploration and development outcomes, estimates of proven reserves, competition, environmental risks, changes in legal, financial and regulatory frameworks, international economic and financial market conditions, political risks, project delay, project approval, cost estimates and other risks and factors beyond our control. In addition, Sinopec Corp. makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.

Market Environment in Q China’s GDP grew by 6.1% in the first quarter International crude oil price fluctuated at relatively low level New oil product pricing mechanism improved refining business environment Influenced by financial crisis, oil product and chemical demand declined compared with Q Domestic demand for oil and petrochemical products increased month by month thanks to the government’s stimulus plans

Financial Performance RMB million Q1 2008Q Change % Turnover, other revenues and other income 339,284228,585(32.6) EBITDA14,37428, EBIT3,03116, Net profit attributable to shareholders of the company 6,06211, EPS (RMB) EBIT of Each Segment RMB million

Financial Position RMB million 31 Dec Mar 2009 Short-term debts74,89656,311 Long-term debts90,25498,056 Equity attributable to shareholders of the company 328,669340,154 RMB million Q Net cash flow from operating activities53,248 Net cash flow from investing activities(17,495) Net cash flow from financing activities(31,449)

Note: 1 tonne=7.1 barrels, 1 cubic meter=35.31 cubic feet E&P—Operational Summary & Performance Q1 2008Q1 2009Change % Crude oil production (mm bbls) Natural gas production (bcf) (3.6) Realized price of crude oil (RMB/tonne)3, ,599.01(59. 4) Realized price of natural gas (RMB/thousand cubic meter) Lift cost (RMB/tonne) EBIT （ RMB million ） 11,5402,756(76.1)

Refining—Operational Summary Q1 2008Q1 2009Change % Refinery throughput (mm tonnes) (3.3) Gasoline production (mm tonnes) Diesel production (mm tonnes) (8.8) Kerosene incl. jet fuel production (mm tonnes) Light chemical feedstock production (mm tonnes) (8.4) Light stream yield(%) bps Refining yield(%) (12) bps

Refining margin RMB/tonne Refining Margin / Cash Operating Cost RMB million EBIT of Refining Segment Cash operating cost RMB/tonne Refining—Performance

Marketing—Operational Summary Q1 2008Q1 2009Change % Domestic sales of refined oil products (mm tonnes) (12.4) Incl. Retail (mm tonnes) (14.3) Distribution (mm tonnes) Wholesale (mm tonnes) (20.0) Total number of service stations (unit) 29,13029, Incl. Company-operated 28,47728, Franchised (2.8) Annualized average pump volume per station (tonnes) 2,8482,420(15.0)

EBIT of Marketing Segment RMB million Marketing—Performance Date of adjustment RON 90# Gasoline (RMB/tonne) 0# Disel (RMB/tonne) 19 Dec Jan Mar Maximum Retail Price Adjustment RMB/tonne Q1 2008Q Marketing cash operating cost

Chemicals—Operational Summary thousand tonnes Q1 2008Q1 2009Change % Ethylene 1,6951,488(12.2) Synthetic resins 2,4822,400(3.3) Synthetic rubbers (12.4) Monomers & Polymers for synthetic fibers 1,9941,723(13.6) Synthetic fibers (11.3) Urea Note: Includes 100% production from BASF-YPC and Shanghai-Secco

EBIT of Chemicals Segment RMB million Chemicals—Performance Chemical Price Spread ( ) USD/tonne

Capital Expenditure Total Capex in Q1 2009: RMB 15.28bn RMB billion E&P: RMB 7.78 billion. Sichuan-East China Gas Project approached completion Refining: RMB 1.57 billion. Mainly used in upgrading of refineries Chemical: RMB4.64 billion. Mainly used for major ethylene projects Marketing: RMB 0.99 billion. Construction of service stations and pipeline in key areas Corporate and others: RMB 0.30 billion

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