TRAFIGURA TRANSPARENCY James Nicholson CORPORATE RESPONSIBILITY TRANSPARENCY OUR

TRAFIGURA & TRANSPARENCY James Nicholson

CORPORATE RESPONSIBILITY TRANSPARENCY: OUR JOURNEY SO FAR 2011 2012 FINANCIAL DISCLOSURE CAPITAL MARKETS ACTIVITY 93 banks 18 press releases 338 media responses 122 banks 44 press releases 576 media responses 126 banks 28 press releases 617 media responses 134 banks 2013 USPP 2011 ABS 144 A/Reg. S USPP 2013 Issuance Notes Issuance USD Perpetual Notes 2014 2015 EMTN Notes SGD EMTN Notes ABS Series I Perpetual Series I 144 A/Reg. S 1 st issuance Notes 2 nd issuance Notes FY 2013 Annual Report published FY 2014 Annual Report published H 1 2014 Interim Report published Trafigura adopts IFRS 22 press releases 608 media responses 113 banks 25 press releases 653 media responses 126 banks 2016 2015 EMTN Notes Series II 1 st issuance H 1 2015 Interim Report published 27 press releases 530 media responses 123 banks 2017 2016 ABS 144 A/Reg. S Tap USD Perpetual Notes Bond USD Perpetual Notes FY 2015 Annual Report published H 1 2016 Interim Report published 2017* FY 2016 Annual Report published H 1 2017 Interim Report published FY 2017 Annual Report published WHITE PAPERS OPERATINNG DISCLOSURE to improve comparability First Globescan reputational survey gauging external stakeholders’ perception of Trafigura and its operations Commitment to EITI global standard encouraging disclosure of payments to governments by commodity traders Trafigura publishes 1 st white paper Second Globescan survey First white paper Trafigura publishes of nd white paper 2“Economics Commodity Trading Firms“ Trade Finance & Regulation published Second Responsibility Report published First Responsibility Report published Commodities Demystified published Second white paper Trafigura publishes “Fifty Years of Global 3 rd white paper LNG: Racing to an Inflection Point “ Third Responsibility Report published Third white paper “Systemic Risk, Regulation, and the Economics of Commodity Trading Firm” 2

CORPORATE RESPONSIBILITY EITI: OUR APPROACH Reminder of Trafigura’s disclosure scope • Direct ‘first purchase’ payments (USD) and volumes (tonnes) for crude, products and gas. • One year time lag. • NOCs in EITI implementing countries where the loadport is in same EITI country (disaggregated by counterpart) • NOCs in EITI implementing countries where the loadport is in a non-EITI country (aggregated) • Aggregated figures for payments to non-EITI countries. • Disclosure of pre-payment status. • Payments associated with our mining interests (we are not engaged in oil extraction). $1. 1 bn $20. 1 bn aggregate first purchases from NOCs in EITI countries in 2016 (2015: USD 915 m) aggregate first purchases from NOCs in non-EITI countries in 2016 (2015: USD 12. 7 bn) 3

CORPORATE RESPONSIBILITY OUR DATA IN SUMMARY YEAR COUNTRY COUNTERPARTS 2013 Colombia Ghana Norway Peru Trinidad & Tobago (T&T) Nigeria Ecopetrol GNPC Statoil Petroperu Petrotrin NG Company of T&T NNPC 2014 Colombia Ghana Mozambique Norway Peru T&T Ecopetrol GNPC Petroleos de Mocambique Statoil Petro. Peru Petro. Trin T&T LNG 2015 Colombia Ghana Mozambique Norway Peru T&T Ecopetrol GNPC Imopetrora Mocambique Petroleos de Mocambique Statoil Petro. Peru Petro. Trin T&T LNG 2016 Cameroon Colombia Nigeria Norway Peru T&T Societe Nationale de Raffinage Ecopetrol NNPC Petro. Peru Petro. Trin GRAND TOTAL (USD) GRAND TOTAL (BBLS) SWAPS EITI PAYMENTS TOTAL $2, 495, 650, 427 $4, 300, 294, 150 18, 558, 813 bbls 54, 528, 322 bbls $874, 860, 122 $2, 187, 107, 898 $3, 061, 968, 020 $539, 455, 796 $14, 947, 033, 812 $18, 548, 457, 628 9, 995, 500 bbls 17, 168, 110 bbls 27, 163, 610 bbls 9, 371, 320 bbls 155, 200, 110 bbls 191, 9735, 040 bbls $837, 709, 104 $77, 678, 108 $915, 387, 212 $544, 849, 165 $12, 704, 173, 718 $14, 164, 410, 095 17, 316, 000 bbls 844, 200 bbls 18, 160, 200 bbls 10, 485, 090 bbls 251, 162, 370 bbls 279, 807, 660 bbls $1, 111, 492, 894 $783, 158, 102 $20, 112, 445, 366 $22, 007, 096, 362 25, 925, 360 bbls 21, 508, 670 bbls 490, 071, 790 537, 505, 820 bbls EITI LOAD PORT PAYMENTS / BBLS $1, 804, 643, 722 35, 969, 509 bbls EITI COUNTRY / NON-EITI LOAD PORT NON-EITI COUNTRY PAYMENTS GRAND TOTAL 4, 628, 705, 842 4, 760, 436, 433 9, 389, 142, 276 1, 867, 463, 063 47, 763, 652, 896 61, 515, 908, 662 89, 206, 369 36, 571, 123 125, 777, 492 41, 365, 080 896, 434, 270 1, 082, 135, 655 4

CORPORATE RESPONSIBILITY REVIEW OF REPORTING TEMPLATE Technical feasibility of disclosure against the proposed reporting template: Name of Seller N/p Revenue Essentially cargo value. No problem Oil grade and quality N/p Price information $/bbl price ONLY Date of Sale (BL date) N/p Contract type (term vs spot) N/p Difficult, given diversity of types. What value would this add? Fees, charges and credits Demurrage not specifically assigned to a trade. Would require development. Contract # / p/o # / invoice # For NOC to disclose. For us to provide matching data would require system development. Forex rate Buyer N/p Beneficial owner of buyer Subject to EITI process. Incoterm N/p Load-port N/p Volumes N/p Type of state-owned oil sold ? - Not relevant. Our Pn. L, revenue and pricing is all in USD. Payment receipt date For NOC to disclose. Payment account For NOC to disclose, if at all. Destination We do not routinely track molecules and by definition destinations are changeable except where otherwise stipulated by contract. Source of Data ? Internal systems… what is really required of use here? +/- 90 +/- 75 +/- 670 EITI country / EITI load port cargoes for 2016 EITI country / non-EITI load port line items for 2016 non-EITI country / non-EITI load port line items for 2016 5

CORPORATE RESPONSIBILITY THANK YOU Trafigura Group PTE Ltd 10 Collyer Quay #29 -00 Ocean Financial Centre Singapore 049315 Trafigura PTE Ltd Branch Office Geneva 1, rue de Jargonnant 1207 Geneva Switzerland www. trafigura. com /locations www. trafigura. com /contact 6