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MAUREL & PROM • Q1 2021 Activity Paris , 22 April 2021 No. 08-21 M & P working interest production in Q1 2021 : 25,240 boepd O ○ M & P working interest production of 15,120 bopd on the Ezanga permit in Gabon relatively unchanged from T4 2020 , due to the continuation of production cuts related to OPEC quotas Significant increase in gas production in Tanzania , with output of 40.7 mmcfd for M & P's working interest ○ M & P working interest production of 3,333 bopd in Angola , down sharply due to a planned shutdown for maintenance • Valued production higher for the quarter at $ 96 million , thanks to the continued rise in crude oil prices ○ Average sale price of oil $ 57.3 / bbl , up 28 % from Q4 2020 ( $ 45.0 / bbl ) Sales of $ 85 million after taking into account an $ 11 million of restatement for lifting imbalances and inventory revaluation ( including 13 M $ worth of barrels produced but not sold during the period ) • Solid financial position and preparations for the resumption of development ○ Cash position of $ 154 million at 31 March 2021 ○ Preparations ongoing to restart development drilling on the Ezanga licence in summer 2021 , which will help restore the production potential of the fields Page 1 of 4