AIM Code: MATDAIM Code: MATD

MONGOLIAN INVESTMENT SUMMIT 2010MONGOLIAN INVESTMENT SUMMIT 2010MONGOLIAN INVESTMENT SUMMIT 2010MONGOLIAN INVESTMENT SUMMIT 2010T Amarzul – Executive Director - Petro Matad XXK

DisclaimerDisclaimerThis presentation has been prepared by Petro Matad Limited (the Company) and is for information purposes only.Some statements contained in this presentation or in documents referred to in it are or may be forward-looking statements. Suchstatements reflect the Company’s current views with respect to future events and are subject to risks, assumptions, uncertaintiesand other factors beyond the Company’s control that could cause actual results to differ from those expressed in suchstatements. Although the Company believes that such forward-looking statements, which speak only as of the date of thispresentation, are reasonable, no assurance can be given that they will prove to be correct. Actual results may differ from thoseexpressed in such statements, depending on a variety of reasons. Therefore, you should not place undue reliance on thesestatements.

There can be no assurance that the results and events contemplated by the forward-looking statements contained in thispresentation will, in fact, occur. The Company will not undertake any obligation to release publicly any revisions to theseforward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation,except as required by law or by any appropriate regulatory authority. Nothing in this presentation should be considered as aprofit forecastprofit forecast.

Past performance of the Company or its shares cannot be relied on as a guide to future performance.This presentation does not constitute, or form part of or contain any invitation or offer to any person to underwrite, subscribe for,otherwise acquire, or dispose of any securities in the Company or advise persons to do so in any jurisdiction, nor shall it, or anypart of it, form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitmenttherefore. This presentation does not constitute a recommendation regarding the securities of the Company. No reliance may beplaced for any purpose whatsoever on the information or opinions contained in this presentation or on its completeness and noliability whatsoever is accepted for any loss howsoever arising from any use of this presentation or its contents or otherwise inconnection therewith.connection therewith.

In particular, this presentation and the information contained herein do not constitute an offer of securities for sale in the UnitedStates. The Company’s securities have not been, nor will they be, registered under the US Securities Act of 1933, as amended(the Securities Act) and may not be offered or sold in the United States other than pursuant to an exemption from, or in atransaction not subject to the registration requirements of the Securities Act

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transaction not subject to, the registration requirements of the Securities Act.

This presentation has been prepared in compliance with English law and English courts will have exclusive jurisdiction over anydisputes arising from or connected with this presentation.

Presentation SummaryPresentation Summary

Regional geology & exploration/exploitation (Mongolia/North China)(Mongolia/North China)Mongolian geography, geology and Production Sharing ContractsMongolian statutory environmentMongolian statutory environmentBrief history of Mongolian oil explorationMongolian oil exploration and production todayEastern Mongolia - Petro China and Petro MatadEastern Mongolia - Petro China and Petro MatadEconomics

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Opportunities

North East Asia Petroleum BasinsNorth East Asia Petroleum Basins

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Mongolian geologyMongolian geology

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Mongolian Production Sharing Contracts (PSCs)Mongolian Production Sharing Contracts (PSCs)

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Mongolian PSCs and Production areasMongolian PSCs and Production areas

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Mongolian Oil Sector - HistoricalMongolian Oil Sector - Historical

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Mongolia Oil Sector – Statutory EnvironmentMongolia Oil Sector – Statutory Environment

Petroleum Law established 1991Production Sharing Contracts:

Exploration period 5/2/2/2/2Exploration period – 5/2/2/2/2Development – 20/5/5

“State Take” with PSC and all royalties/fees = 57%

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Mongolian Petroleum Sector – Growth since 1993Mongolian Petroleum Sector – Growth since 1993

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Mongolian Petroleum Sector - InvestmentMongolian Petroleum Sector - Investment

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Crude exportsCrude exports

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PSC BlocksPSC BlocksBlock number Company Flag

1 Reserved2 Renova Lich Russian3 Tengri Group Mongolian4 Capcorp Mongolia UKp p g5 Capcorp Mongolia UK6 Tengri Group Mongolian7 MSC Holding Mongolian8 NPI Chinese9 Sansariin Geology Mongoliangy g

10(North) Sansariin Geology Mongolian10(South) MAK Mongolian

11 Zon Hen Yu Tan Chinese12 MOOICO Hong Kong13 DWM Switzerland14 DWM Switzerland97 Donsheng Chinese15 China Golden Sea Chinese16 Shaman Resource Canadian17 Magnai Trade Mongoliang g18 NPI Chinese19 DATAMO Chinese20 PetroMatad UK21 DATAMO Chinese22 DATAMO Chinese23 Shunkhlai Energy Mongolian24 Apexpro Invest Chinese26 Sansariin Geology Mongolian25 Being established27 Being established

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g28 Being establishedI Sod Mongol MongolianII MOOICO Hong Kong

Eastern Mongolian Basins – Regional LocationEastern Mongolian Basins – Regional Location

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Daqing Oil Field & Petro Matad ExplorationDaqing Oil Field & Petro Matad Exploration

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Source: ISIS Petroleum Consultants

Block XIX activityBlock XIX activity

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Economic Evaluation – Davsan TolgoiEconomic Evaluation – Davsan Tolgoi

Robust EconomicsRobust EconomicsCosts and oil price increase at 2 5% per annumat 2.5% per annumProduction sharing per Block XX PSC termsBlock XX PSC terms~ Government “take” 57%Exploration costs estimated at Total $45m to end 2011

17Source: ISIS Petroleum Consultants April 2009

Opportunities – UpstreamOpportunities – UpstreamBlock number Company Flag Status

19, 21 and 22DATAMO

(Daqing – Petro China)

China699 Wells drilled; test production

D h 82 ll d ill d 97 Donsheng (Sinopec) China 82 wells drilled

– production

15 China Golden Sea China

Seismic and exploration

wells progressingprogressing

20 Petromatad UK

Seismic and exploration

wells progressing

11 Zon Hen Yu Tan China Seismic

13 and 14 DWM Switzerland Seismic

4 and 5 Capcorp Mongolia UK Seismic

Shaman 16 Shaman Resource Canada Seismic

18 NPI China Seismic

7 MSC Holding Mongolia Early Stage Exploration

10 (north) and 26

Sansariin Geology Mongolia Early Stage

Exploration

17 Magnai Trade Mongolia Early Stage Exploration

E l St

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23 Shunklai Energy Mongolia Early Stage Exploration

Others VariousUnder Various

stages of application

Opportunities – Service industryOpportunities – Service industry

Geophysical servicesConsulting servicesConsulting servicesLaboratoriesDrillingWell testing servicesRefineryStimulation (hydraulic fracturing, etc)Stimulation (hydraulic fracturing, etc)Wireline logging servicesPipeline and tank Pipeline and tank manufacturing/constructionM d t i l l

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Mud material supplySpecialty cement supply

SummarySummary

Domestic demandDomestic demandNeighboring countries demandStable democracy and rule of lawTerms comparable to world averageOil presence proven for 60 yearsModern exploration developing fast Modern exploration developing fast with appreciable successVast unexplored frontier blocksVast unexplored frontier blocksService sector open for development

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AIM Code: MATDAIM Code: MATD

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