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CHAPTER 1 Cepsa at a glance

9 NEW OILFIELD IN ABU DHABI STARTS PRODUCTION The Hail oil-field enabled us to increase our production of crude oil significantly.

10 ACQUISITION OF BIOFUEL PLANT IN SAN ROQUE We finalised the integration of this plant at our San Roque facilities enabling us to develop and to have integrated management of the biofuel business.

11 BOTTLED GAS MARKETED IN THE CANARIES AND PORTUGAL Opening up new markets for our safe, efficient bottles of gas, which are lighter than traditional ones.

12 WE ACQUIRE 23 SERVICE STATIONS IN MADRID AND TOLEDO One of the most significant Service Stations acquisitions in Spain.

13 FIRST STEP TOWARDS RENEWABLE ENERGY Through the acquisition of the Alijar II wind farm, in Jerez de la Frontera (Cadiz).

14 NEW NATURAL OIL BASED ALCOHOL PLANT IN INDONESIA The new chemical plant, Sinar Mar Cepsa, produces alcohols and fatty acids from sustainable palm kernel oil, which are used to make personal hygiene products, cosmetics and domestic cleaning products.

15 AGREEMENT WITH ADNOC TO STUDY THE CONSTRUCTION OF A PLANT IN ABU DHABI The agreement contemplates the assessment to jointly develop a new petrochemical LAB facility on a global scale in Ruwais.

16 NEW CONTRACTUAL FRAMEWORK FOR GAS FIELD CONCESSION IN TIMIMOUN We concluded a new agreement with our partners Sonatrach and Total. Production is planned to start in 2018 with a maximum production forecast of 5 million cubic meters per day.

Note: Throughout this report the word site refers to Cepsa s management system for its businesses in San Roque, Canary Islands, and Palos.