Company Profile

Aug. 2014

Confidential, all rights reserved

Table of content

2

Company Overview

Corporate Structure

Value Proposition

Services

Milestones

Fields of Activity

Why Us

40 years of engineering excellence in the Israeli oil conveyance field 20 years of leadership in the major milestones of the Israeli gas market Leading the revolution of connecting industries to natural gas Planning, designing and erecting 70% of Israel's transmission system and hundreds of km. of distribution systems Expert consultants to Israeli government, plays key role in legislative processes

A TAHAL Group subsidiary Corporate spin-off from engineering to EPC in 2010 Ongoing growth with the Israeli booming gas market

Turnkey, construction management Global procurement and logistics Master plans and conceptual planning Basic design and detailed engineering Surveys, studies and permitting

Company Overview An Israel-based leading natural gas EPC company

3

Industry Leadership

Growth-Driven Entrepreneurship

Services

Preferred Partner of Key Global Players

Corporate Structure

4

TAHAL Group Facts & Figures

Mobilized over $1B for projects and concession agreements since 2004

Investing over $500M in 15 assets

Annual revenue in 2013: Euro 155M

Annual growth rate 12%

1100 Employees

26 Global Operations 65% 35%

KARDAN NV

TAHAL Group International BV

TAHAL Group BV (Projects)

TAHAL Group Assets BV

TAHAL Poland

TAHAL Romania

TAHAL St Petersburg

TAHAL Serbia

TAHAL S. Africa

TAHAL Angola

TAHAL Ghana

Palgey Maim

Tahal China

Akfen Su

TAHAL India

TAHAL Assets Israel

TAHAL Water Energy

SITAHAL

TMNG Massad OZ

Group

Our Glocal Value Proposition

5

Local by nature yet global by operation, we offer 40 years of engineering excellence. Promoting collaborations with relevant stakeholders worldwide in order to operate effectively in each local environment.

Through TAHAL Group's 44 branches worldwide, we have unique capabilities

to think locally and acts globally.

Added values include financial backing: We assist our customers by facilitating funding arrangements, helping them proceed from concept to realization.

Global Operation

Industry Leadership

Financial Backing

Localism

International Partnerships

Turnkey Solutions

Services

6

Surveys, studies and permitting

Global procurement and logistics

EPC/ EPCM

Master plans and conceptual

planning

Basic design and detailed engineering

Services - Turnkey

7

Commissioning and

handover

Construction and

installation Prefabrication Procurement

Detailed Engineering

Basic Design/ Project

specification

FEED/ PRE-FEED

Project Management

(throughout the whole project)

Fields of Activity

Covering the entire chain of conveyance systems

8

Upstream

Platform top sides

System engineering and studies

Environmental Permitting

Midstream

Offshore and onshore Pipeline Systems

Terminals, Block Valve & Delivery stations

LNG, FSRU Offloading

Supplying and installation of PRMS

Downstream

Power plants and industries

CNG

Advises the Israeli Ministry of Infrastructures

Design, permitting, project management and supervision of:

Various EAPC systems

Expansion of oil refineries

Infrastructure of PEI (aka Tashan) Israeli oil transmission company

Establishment and expansion of large oil tank farms

Milestones Leading and Advancing the Israeli Natural Gas Industry

9

1968 1999 2004 1995 2002 1952

Establishment of TAHAL

Establishment of oil division in TAHAL, the origin of TMNG

First contract with GASUNIE for formation of gas market

Design & consulting re. legislation, safety and surveys for all gas transmission systems

Detailed design & permitting of the first section of the transmission system Ashdod - Gezer

Starting the design of 70% of INGLs system

2003

Consultant to the Standard Institution committees of natural gas

In charge of establishing and developing 70% of Israel's transmission and distribution systems

On going Activities

Basic and detailed design of distribution systems

PRMS EPC projects

Project for connecting plants and power plants to natural gas. From 2010 providing full services for turnkey projects

Milestones Leading and Advancing the Israeli Natural Gas Industry

10

2009 2011 2014 2010 2012 2007

Allseas subcontractor in the EMG pipeline project

Connecting turbine 1 + 2 in Nesher power plant

Connecting factories AGAN & Machteshim to natural gas

Advises the inter-ministerial committee of the LNG project

Provides planning & permitting for the LNG BUOY project

2013 2008

(from 2003) In charge of establishing and developing 70% of Israel's transmission and distribution systems

On going activities

Corporate Spinoff to EPC-establishment of TMNG

Partnership with Pertrogas for PRMS EPC projects

Consultant to the CNG gas stations standardization committee

PRMS EPC project for DSW

Provides design services on the Tamar Top side

Design of distribution systems projects

Erection of transmission system Dovrat project

Design & permitting of the Leviathan connection to shore

Permitting & designing of CNG gas stations

Why Us - The TMNG Difference

11

Diverse experience

Proven skills

Vast pool of experts

Global capabilities

Excellence across all kinds of gas-related projects

Outstanding delivery, on time and on-budget

Thank You

For more information:

Yair Rubinstein, CEO | rubinstein-y@tmng.co.il

Adi van Velsen, VP Business Development | Adiv@tmng.co.il

www.tmng.co.il

12