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The Middle East’s Leading Private Sector Natural Gas Company 2013 Quarter 1 Results Presentation May 2013 www.danagas.com 1

Disclaimer Forward-looking statements are based on certain This presentation contains forward-looking assumptions and expectations of future events. The statements which may be identified by their use of Company, its subsidiaries and its affiliates (the words like “plans,” “expects,” “will,” “anticipates,” “Companies”) referred to in this presentation cannot “believes,” “intends,” “projects,” “estimates” or guarantee that these assumptions and expectations other words of similar meaning. All statements that are accurate or will be realised. The actual results, address expectations or projections about the performance or achievements of the Companies, future, including, but not limited to, statements could thus differ materially from those projected in about the strategy for growth, product any such forward-looking statements. The development, market position, expenditures, and Companies assume no responsibility to publicly financial results, are forward looking statements. amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise. www.danagas.com 2

Presentation Outline – First Quarter 2013  Performance Highlights  Financial Performance – Average Realized Prices – Net Profit – Trade Receivables Analysis  Business Performance – Egypt – Kurdistan  Summary www.danagas.com 3

Performance Highlights  Production up at 61,200 BOEPD, up 3% on Q-o-Q basis; marginal decline (3%) on Y-o-Y basis – Further upside in Egypt as newly discovered wells and compression facilities are being brought on stream – LPG production in Kurdistan expected to recommence in 2Q 2013 following repairs at the loading bay  Begonia-1 discovery in Egypt being evaluated with testing results expected in Q2 2013  Awarded a 100% interest in the North Al Arish offshore (Block 6) concession area in Egypt  Prequalified as a non- operator in Lebanon’s first Offshore Licensing Round  Q1 2013 Profit After Tax: US$ 66MM up 18% on a Y-o-Y basis  $73MM collected in Q1 2013 against Dana Gas share of receivables in Egypt & Kurdistan – 2013 YTD achievement of 100% billing to collection ratio in Egypt  Stronger balance sheet with period end cash balance of $ 342 million – Sukuk restructuring completed with overwhelming support from sukukholders and shareholders – Partial monetization of investments generating $ 135 million www.danagas.com 4

Financial Performance www.danagas.com 5

Financial Highlights Q1 – 2013 Q1 – 2012 Change %age Gross Revenue 152 191 (20) Net Profit 66 56 18 EBITDAX 88 125 (30) EPS (AED fils) 3.7 3.1 19 www.danagas.com 6

Profit After Tax Bridge – Q1 2013 Vs Q1 2012 80 70 1 2 6 60 4 9 50 40 38 66 30 30 56 20 4 4 10 0 Q1 2012 Profit Revenue - Price Revenue - Royalty & Tax COS and DD&A Investment & Finance cost Provision for Change in Share of loss of Q1 2013 Profit effect Quantity effect Finance income impairment & f.value of joint venture exploration investment write-off property www.danagas.com 7

Production – Q1 2013 Vs Q1 2012 Production (Boepd) Rounded to nearest hundred 70,000 63,000 61,400 60,000 50,000 40,000 34,500 33,700 28,500 27,700 30,000 20,000 10,000 0 Total Egypt Kurdistan (40% WI) Includes Gas production of 21,900 Boepd (1Q Q1 2013 Q1 2012 12 – 20,000 Boepd) www.danagas.com 8

Production – Q1 2013 Vs Q4 2012 Production (Boepd) Rounded to nearest hundred 70,000 61,400 59,700 60,000 50,000 40,000 33,700 32,800 27,700 26,800 30,000 20,000 10,000 0 Total Egypt Nile Kurdistan (40% WI) Egypt Komombo (50% WI) Includes Gas production of 21,900 Boepd (4Q Q1 2013 Q4 2012 12 – 21,200 Boepd) www.danagas.com 9

Average Prices – Q1 2013 Vs Q1 2012 140 3.0 116 115 2.7 2.7 120 109 110 100 87 2.0 74 80 60 40 1.0 20 0 0.0 Condensate LPG Crude Oil Gas (USD/Mscf) (USD/boe) (USD/boe) (USD/bbl) Q1 2013 Q1 2012 www.danagas.com 10

Average Prices – Q1 2013 Versus Q4 2012 3.0 3.0 120 110 109 2.7 2.7 2.7 2.7 108 106 100 83 2.0 2.0 74 80 60 1.0 1.0 40 20 0.0 0.0 0 Gas (USD/Mscf) Gas (USD/Mscf) Condensate LPG Crude Oil (USD/boe) (USD/boe) (USD/bbl) Q1 2013 Q4 -2012 www.danagas.com 11

Trade Receivables – As of 31 March 2013 (all figures in US$ ‘mm) 400 380 354 300 236 236 200 100 9 9 0 Dana Gas Egypt PPCL UGTC Q1 2013 Q4 2012 www.danagas.com 12

Billing & Collection – As of March 2013 (all figures in US$ ‘mm) Dana Gas Egypt Pearl Petroleum (40%) 95% 55% 300 180 171 163 258 160 250 140 200 120 US$ Million US$ Million 100 143 150 100% 80 100 56% 60 41 41 57 40 50 32 20 0 0 YTD 2013 2012 YTD 2013 2012 Billing Collection Billing Collection Note: percentage calculated as collections divided by net revenue www.danagas.com 13

Business Performance - Egypt www.danagas.com 14

Egypt Business Environment  Egypt Government announced a new licensing policy for future oil and gas exploration contracts that will allow Egypt to obtain a bigger share of the production. The new policy will not impact the 8 oil and gas exploration licenses in the Mediterranean Sea that Egypt awarded recently  Phased increase in gas prices with high consumption factories (steel, fertilizers etc.) increased to $4 /MMBTU in late 2011 followed by $6 /MMBTU in 2013 for cement industry. Discussions on for further increase for steel/fertilizer sectors to $6 /MMBTU  Egypt to receive first shipment of Qatari LNG by the end of May  In principle agreement between Iraq and Egypt for supply of 4 million barrels of crude a month on a 3 month credit term. Deal follows after Libya agreed offer Egypt crude supplies worth around $1 billion on a one year credit term  Ongoing geo-political concerns impacting IMF rescue loan negotiations, currency and the investment climate www.danagas.com 15

Egypt: Q1 2013 Results Discoveries: Begonia -1 potential under evaluation; full interpretation of testing results expected to be completed by Q2 2013 New Development Leases: - Sama Amendment (West Sama) - El Basant Amendment (Allium) - Balsam New Fields on Stream: - Allium (West Manzala) - South Abu El Naga (Dry Gas) (West Manzala) - West Al Baraka 2 (Komombo) Production Rate: 33.3 kboepd Projects in Progress: - South Abu El Naga (Rich Gas) - El Basant Compression Station - Capacity De-bottlenecking - Salma/Tulip www.danagas.com 16

EBGDCO: Q1 2013 Results Production: Gas plant throughput started averaged 75 MMSCFD until February 2013 since when it is averaging 85-90 MMSCFD Extensive communication with the Ministry and EGPC ongoing to achieve the contracted flow rate through increasing gas supply Exploratory discussions with gas suppliers to increase feedstock gas Plant recovery is: 97% for C3 and 100% for C4. Collections: Q4 2012 and Q1 2013 are $5.6mm and $5.4mm respectively representing the full value of 9 cargos. www.danagas.com 17

Business Performance – Kurdistan, Iraq www.danagas.com 18

Kurdistan, Iraq: Q1 2013 Results Pearl Petroleum Company Ltd ownership:  Dana Gas 40% Q1 2013 RESULTS & PLANS  Crescent Petroleum 40%  OMV 10%  MOL 10% Production via: • Early Production Facility • Train 1 & 2 Gas production 320 – 330 MMscfpd and 14,500 bpd condensate (gross). Currently meeting needs of two power stations. Current Plans: LPG production and sales are expected to resume in June 2013 once the loading bay, damaged by a third party tanker in June 2012, is repaired. www.danagas.com 19

UAE Project www.danagas.com 20

Sharjah Western Offshore Concession Zora Gas Field discovered in 1979 Development Plan of $140 million includes: • Install platform and 25km flow-line • Gas processing plant onshore • Re-entry of existing wells and/or drilling of one well • Initial flow rate of 40 MMscfpd Field to be developed using a single offshore platform linked to onshore processing facilities and will supply gas for power generation in northern UAE www.danagas.com 21

Summary www.danagas.com 22

Summary  Upside in production as new discoveries and compression facilities come on stream in Egypt  Significant enhancement in price realization going forward: – LPG production comes back on stream in Kurdistan, Iraq – Increase in gas throughput to improve capacity utilization in Egypt  Building long-term asset enhancement through investments in UAE (Zora project), new opportunities in off-shore Egypt and optionality in Lebanon  Ongoing focus on receivables – improvement seen in Egypt and ongoing negotiations with the regional government in Kurdistan, Iraq  Strong balance sheet and cash position to support capital investment and growth initiatives www.danagas.com 23

Thank You www.danagas.com 24