1. NAVITUS BAY UPDATE Sean Matthews Project Engineer 20 March 2013

2. ➤ UK overview ➤ Project stages ➤ Navitus Bay specifics ➤ Update on activity ➤ Conclusions AGENDA

3. UK OFFSHORE WIND ➤ 2.7GW in 2013 > rest of EU ➤ 18GW in 2020 still 40% of European market ➤ Round 3 is varied pipeline of projects 2015 to beyond 2020 ➤ Variety of site conditions, geography and scale

4. PROJECT STAGES

5. ➤ 3-4 years of development and consent work ➤ 12-18 months contracting and finance ➤ 2 years construction for a 500MW project ➤ 20 years operation

6. ➤ Navitus Bay Development Ltd is a 50:50 JV between Eneco and EDF Energy created to develop Zone 7 of Round 3 ➤ Eneco is a Dutch utility with 2 million customers in the Netherland. It has been operating the Prinses Amalia windpark since 2008 and will begin construction of Luchterduinen in 2014 ➤ EDF Energy is the UK subsidiary of EDF with over 5 million customers in the UK. They have 20 onshore wind farms and will complete construction the Teesside offshore wind farm in 2013 WHO IS NBDL?

7. NAVITUS BAY WINDPARK ➤ 1100MW ➤ 12 miles from Bournemouth/8.6 miles from Needles ➤ Construction due 2017 onshore and 2018-2020 offshore ➤ Design is for 5-8MW (136 to 218 turbines) ➤ Jacket or concrete gravity base foundations

8. ➤ Larger than any project in operation today but one of the smaller round 3 zones ➤ Our water depths vary between 25m and 50m ➤ Soil conditions are stiff clay in north and rock and chalk in south ➤ We will use prototype and next generation turbines and foundations We will use around 250km of inter-array cable and up to 180km of subsea export cable South coast ports are likely to be used as the base for construction and for O&M PROJECT SPECIFICS

9. ➤ Environmental statement completed and further consultation – 2013 ➤ Development Consent application – Q1 2014 ➤ Potential Development Consent award – Q2 2015 ➤ Financial close/award contracts – Q2 2016 to 2017 ➤ Start of construction – 2017 onshore and offshore enabling ➤ Operational Wind Park– 2021 TIMESCALES

10. ➤ UK is seen as centre of global offshore wind ➤ Real opportunity for UK industry given change in manufacturing logistics and technology ➤ Technology landscape is changing fast with innovation and increased scale to reduce costs ➤ Navitus Bay is a key round 3 project that will support a balanced portfolio of projects in terms of geography and site conditions ➤ As a project we are committed to supporting UK and local supply to create a benefit for the region ➤ 2017 to 2021 will see £3-4 billion of investment if we gain consent CONCLUSIONS

11. THANK YOU. QUESTIONS? SEAN.MATTHEWS@NAVITUSBAY.COM