ACWA Power: Business Update on Shuaibah 3 IWPP (SWEC Project)

Disclaimer

This document and the information contained herein (the “Information”) has been prepared by ACWA POWER Company (the “Company” or “ACWA Power”) for reference purposes only and does not purport to be complete, accurate or complete. No reliance can be placed for any purpose on the information or its accuracy, fairness or completeness. The information and opinions contained in this document are provided as of the date of presentation and are subject to change without notice. The presentation is the sole responsibility of the Company and has not been reviewed or approved by any regulatory or supervisory authority.

This presentation contains financial information concerning the activities and assets of the Company. This financial information may not have been audited, reviewed or verified by an independent accounting firm. The inclusion of such financial information in this presentation or any related presentation should not be taken as a representation or warranty on the part of the Company or its affiliates, advisers or representatives or any other person as to the accuracy or the completeness of the description of the financial situation by this information. or the results of operations of the Company and its consolidated subsidiaries. Certain information contained in this presentation is based on the Company’s management accounts, current financial statements and estimates and has not been audited or reviewed by the Company’s auditors. Recipients should not place undue reliance on this information. This presentation includes certain non-IFRS financial measures and other measures that have not been financially audited for any period. Certain financial and statistical information in this presentation has been rounded. Consequently, the sum of certain data may not correspond to the total expressed.

To the extent available, industry, market and competitive position data contained in the Information is obtained from official sources or third parties. Third-party industry publications, studies and surveys generally state that the data they contain has been obtained from sources believed to be reliable, but that there is no guarantee as to the accuracy or completeness of such data. data. Although the Company reasonably believes that each such publication, study and investigation has been prepared by a reputable party, neither the Company nor any of its directors, officers, employees, affiliates, advisors or agents have independently verified independently the data contained therein. In addition, certain industry, market and competitive position data contained in the Information is derived from the Company’s own internal research and estimates based on the knowledge and experience of the Company’s management in the markets in which the Company operates. Although the Company reasonably believes that such research and estimates are reasonable and reliable, they, together with their underlying methodology and assumptions, have not been verified by any independent source as to their accuracy or completeness and are subject to change. Accordingly, no reliance should be placed on any industry, market or competitive position data contained in the Information.

The information does not claim to be exhaustive, complete or without error or omission. To the fullest extent permitted by law, neither the Company nor any of its directors, officers, employees, agents, affiliates or advisers accepts any responsibility or liability whatsoever for (whether contractual , tort or otherwise) or makes any representation, warranty or covenant, express or implied, as to the truthfulness, completeness, fairness, accuracy or completeness of the information (or whether any information has been omitted therefrom ) or any other information or opinion relating to the company, its subsidiaries, affiliates or associated companies, whether written, oral or in visual or electronic form, and however transmitted or made available or for any loss or liability (including with respect to direct, indirect or consequential loss or damage) arising from any use of the information or otherwise arising in connection therewith. In making this presentation, neither the Company nor any of its directors, officers, employees, agents, affiliates or advisers undertakes to provide access to additional information or to update the Information, or to correct any inaccuracies in the Information, including any forward-looking data or statements.

Information may include forward-looking statements, which are based on current expectations and projections regarding future events. Such statements may include, but are not limited to, any statements preceded, followed by, or including words such as “target”, “believe”, “expect”, “aim”, “intend”, “can”, “anticipate”, “estimate”, “plan”, “project”, “will”, “may have”, “probable”, “should”, “would”, “could” and other words and terms of similar meaning or their negative form. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and its investments, including, among other things, the development of its business, its financial condition, its prospects, its growth, its strategies, as well as the industry trends and macroeconomic developments in Saudi Arabia and other countries in which the Company operates. Many of these risks and uncertainties relate to factors beyond the Company’s ability to control or accurately estimate, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulatory authorities and any changes in applicable laws or government policies. . In light of these risks, uncertainties and assumptions, the events referred to in the forward-looking statements may not occur and past performance should not be taken as a guarantee of future results. No representation or warranty is made that any forward-looking statements will occur. No one undertakes to update, supplement, modify or revise any such forward-looking statement. Unless otherwise indicated, the information and opinions contained in this document are given as of the date of presentation and are subject to change without notice. Past performance of the Company cannot be taken as an indication of future performance. Nothing in this presentation should be construed as a profit forecast.

Rosemary C. Kearney