ZEN PetroleumSummary Company Pro�le

HistoryFormed to service the needs of mining compa-nies and bulk industrial users of petroleum prod-ucts in the West African region. ZEN has successfully earned a reputaion for the supply of superior petroleum products and services with our international trading parteners BP. Our goal is to be the most e�ective supplier of quality fuel, lubricants and related services to our customers and the most cost e�cient.

Ownership and ManagementZEN is a wholly West African owned company, with experienced and dedicated management. Our team consists of seasoned industry professionals as well as young enthusiastic Ghanaians, all passionate about delivering the best possible solutions to demanding customer needs. Focused on delivering on our promis-es. We want people to say “Zen Petroleum is great company” and to be recognised as the most respected company in West Africa.

About ZEN

AlliancesZEN Petroleum has a strategic alliance with BP international sourcing high quality fuels into West Africa. ZEN is the authorised Castrol Lubricants distributor in Ghana, importing lubricants from BP South Africa.WearCheck Ghana is ZEN’s partner in o�ering condition monitoring, fuel and lubricant testing with the only state of the art laboratory facility in Tarkwa, Ghana.

*Formerly traded as Holman Petroleum LTD13 Patrice Lumumber Road, Airport Residential Area, P.O.Box CT 3695 Cantonments Accra, Ghana. Tel: +233 302 216 660 www.zenpetroleum.com

SUSTAINABILITYZEN Petroleum has a responsibil-ity to conduct operations in a manner that is safe for our people, protective of the environment and society. Corporate responsibilty is embedded into our business strategy, not only because it is the right thing to do but also because it brings sustainability to our business.

As a locally owned and managed company, we consider the communities in which we operate as part of our people. �ey give us the special license we need to operate in the areas that we do business. ZEN

preserves and extends our commitment to conduct a responsible business - with our Z2C(ZEN 2 Community) programs.

ZEN embraces diversity - the mixture of cultures, ideas and perspectives. �is allows us to envision our clients’ needs better and respond to them with greater creativity and innovation.

Training and empowerment is core to ZEN, in fact perfecting the skills of our people contributes to our core value of continuous improvement of our business.

Safety FirstSafety must always come �rst and takes precedence over the attainment of all other objectives. We believe that the safe way to do things is the best and most e�ective way in the long run.

Respect the IndividualWe are group of dedicated, hardworking, ordinary people who have teamed together to accomplish extraordinary things. We have very di�erent backgrounds, colors and beliefs but we believe that every individual deserves to be treated with respect.

Strive for ExcellenceNew ideas and goals make us reach further than ever before. We are therefore always trying to �nd new and innovative ways to push our boundaries and constantly improve.

Respect the environmentWe are very much aware of our responsibilty towards our operating environment and always seek to improve our processes to prevent pollution, minimize waste production, increase our carbon e�ciency and make e�cient use of natural resources.

Our Values

*Formerly traded as Holman Petroleum LTD *Formerly traded as Holman Petroleum LTD

We provide end-to-end fuel solutions to mining companies and other bulk users. We also can source and distribute high speci�cation fuels and lubricants, build and manage fuel depots and o�er lube sampling analysis. In the last 5 years, we have established ourselves as the one-stop partner of choice for mining companies with our dedicated pan-African team and highest health,safety,security and environmental standards.

Products and Services In addtion to our high quality fuels and Castrol Lubricants, we o�er a wide range of value added services including mobile fuel storage, state of the art fuel depots with bottom loading gantries, advanced �ltration systems, trouble-shooting expertise and advanced product analysis laboratories.

Future With ZEN Petroleum �rmly establishedas the leading supplier of high speci�cation lower sulphur fuel and lubricants in Ghana, we plan to deliver the same high standards and services to become the undisputed leaders and partner of choice in West Africa. We will achieve this with our strategic partnership alliances with BP International, Castrol lubricants and Wearcheck. ZEN is fully committed to working closely with our customers to continueo�ering innovative solutions to the challenges of operating in West Africa. �e future is ZEN.

Acheivements With our local and dedicated team backed up by experienced management with international expertise, we are able to respond quickly to our customers needs and have acheived substantial success in winning long term fuel and lubricant contracts by o�ering a guarantee of product availability to the most remote regions.

ZEN Petroleum LTD An Oil Marketing Company operating in Ghana, Mali and Burkina Faso

Overall PerformanceOverview* ZEN Petroleum has been in opeation since 2010.* Partnership with BP International to ensure consistent supply of high quality fuels.* Largest supplier to mines in Ghana.* Supplied over 100 million litres of clean high speci�cation diesel to mining and other industrial consumers in 2013.* O�ers a complete range of fuel additives for mines.* Fuel Management.* Sole distributors of Castrol lubricants in Ghana.* O�ers lube sampling services via WearCheck Ghana from laboratory in Tarkwa.* Invest in on-site infrastructure.* On course for ISO certi�cation.* Logistics Management* Comprehensive transport management plan* On-line fuel Stock Monitoring Tool available for all mining and bulk consumers.* Power solutions.

At a GlanceTURNOVER$180 Million

TOTAL FTE106

TOTAL STORAGE BY ARRAGEMENTTema: 50,000MTTakoradi: 30,000MT

DIRECTORSDominique Konate (Chairman)William TewiahKwame AsamoahKweku Aggrey-OrleansDouglas MacArthur

COUNTRIES OF OPERATIONGhana13 Patrice Lumumba RoadAirport Residential AreaCT3695 Cantonments, Accra

MaliCite de Niger 3Bamako

Burkina FasoOuagadougou 0101 BP 4387Ouaga 200 Zone B Area

Plans to set up within 6 monthsLiberiaCote d’IvoireGuinea

Other countrySierra-Leone

BEST OF BOTH WORLDS An Indigenous Ghanaian companywith international and experienced senior management combined with 75 years mining experience in West Africa.

CUSTOMERS INCLUDEGold�elds GhanaKeegan ResourcesAzuma ResourcesEndeavour MiningAfrican Mining ServicesGhana Manganese LtdJan de Nul