CO. NAME : SUEZ OIL COMPANY SAE ADDRESS Street Area : 21 Ahmed Orabi Street : Mohandessin, Dokki P.O. Box : 2622 Town : Cairo Country : Egypt Telephone: (20 2) 346 5909 / 346 2344 / 346 2571 / 346 4132 339 1284 (General Manager) Fax : (20 2) 303 5434 / 342 2734 / 346 7922 (General Manager) Shortform Name : SUCO SENIOR COMPANY PERSONNEL Name Position 1. Mounir El Toukhy Chairman and Managing Director 2. Hans Traxler General Manager 3. Abd El Kader Finance Manager 4. Essam El Din Shawki Production Manager 5. Ahmed Omar Project Manager Total Employees : 1,700 PAYMENTS No complaints have been heard regarding payments from local suppliers, the Legal Commercial Department or local banks. Suez Oil Company SAE (SUCO) was established in 1979, is owned 50% by Egyptian General Petroleum Corporation (EGPC), and 50% by RWE-DEA Aktiengesellschaft für Mineraloel und Chemie, Germany; which is a subsidiary of RWA AG, Germany. We consider it is acceptable to deal with subject for LARGE amounts,
although it is normal accepted practice for international suppliers to deal on secured terms with Egyptian importers. Opinion on maximum credit : LE 2,000,000 (associations inspire confidence for higher amounts if required). Opinion on the credit figure of EURO 10,000 : We consider the above figure to be within the company's financial capabilities. PRINCIPAL BANKERS NAME Branch Street Town : COMMERCIAL INTERNATIONAL BANK (EGYPT) SAE : El Mohandessen Branch : Gamaat El Dowal Street & El Hegaz Street intersection : Mohandessen, Cairo Tel: (20 2) 451 6603 / 451 6605 / 451 6607 Fax: (20 2) 451 6617 Subject also has an account with National Bank of Egypt. FINANCIAL INFORMATION Separate balance sheets are not available for Suez Oil Company SAE. However, the subject interviewed offered the following information which applies to the ultimate parent company RWA AG, Germany: Consolidated Balance Sheet of RWA AG, Germany as at 31 December showed : ASSETS Intangile assets Tangible assets Financial assets Total fixed assets Inventories Accounts receivable & other assets Securities : EURO 8,351,000,000-2001 - exact : EURO 31,720,000,000-2001 - exact : EURO 14,518,000,000-2001 - exact : EURO 54,589,000,000-2001 - exact : EURO 3,205,000,000-2001 - exact : EURO 14,726,000,000-2001 - exact : EURO 3,237,000,000-2001 - exact
Cash & cash equivalents Total current assets Deferred tax : EURO 3,052,000,000-2001 - exact : EURO 240220000,000-2001 - exact : EURO 8,056,000,000-2001 - exact Prepaid expenses : EURO 561,000,000-2001 - exact Total assets : EURO 87,426,000,000-2001 - exact LIABILITIES Capital Capital reserve Retained earnings : EURO 1,459,000,000-2001 - exact : EURO 1,269,000,000-2001 - exact : EURO 4,312,000,000-2001 - exact Distributable profit : EURO 281,000,000-2001 - exact Total shareholders' equity : EURO 7,321,000,000-2001 - exact Minority interests Provisions Liabilities Deferred taxes Deferred income : EURO 3,522,000,000-2001 - exact : EURO 40,062,000,000-2001 - exact : EURO 27,811,000,000-2001 - exact : EURO 5,129,000,000-2001 - exact : EURO 3,581,000,000-2001 - exact PROFIT & LOSS ACCOUNT Sales turnover (excluding mineral taxes) : EURO 56,751,000,000-2001 - exact Changes in finished goods & : EURO 10,000,000,000-2001 - exact work in progress Other own work capitalised : EURO 367,000,000-2001 - exact Other operating income Cost of materials Staff costs : EURO 3,589,000,000-2001 - exact : EURO 38,497,000,000-2001 - exact : EURO 8,768,000,000-2001 - exact Depreciation & amortisation : EURO 3,412,000,000-2001 - exact Other operating expenses Profit from operating : EURO 6,859,000,000-2001 - exact : EURO 3,161,000,000-2001 - exact
activities Result of investments : EURO 638,000,000-2001 - exact Financial results Profit before tax : EURO (1,561,000,000)- 2001 - exact : EURO 2,238,000,000-2001 - exact Taxes on income : EURO 478,000,000-2001 - exact Profit after tax : EURO 1,760,000,000-2001 - exact LEGAL STATUS AND HISTORY Date Started : 1 August 1979 History : Suez Oil Company SAE (SUCO) was established 1 August 1979. Mounir El Toukhy was appointed Chairman and Managing Director of Suco, succeeding El Sayed Tayel. C.R. No : 198491 Cairo Capital : not given Societe Anonyme Egyptienne (Joint Stock Company) with the following principal shareholders : 1. Egyptian General Petroleum Corporation (EGPC) 50% Palestine Street New Maadi (Maadi Al Jadida) P.O. Box 11724 Cairo Tel: (20 2) 377 5956 / 377 5954 / 353 1471 / 353 1335 Fax: (20 2) 377 5962 / 353 1457 EGPC is a government agency with full responsibility for the petroleum sector in Egypt, acting through its holdings in domestic and foreign companies operating in Egypt. EGPC is involved in all phases of the Egyptian petroleum industry, exploration, marketing and distribution. Holds sole right to import and export crude oil and products. 2. RWE-DEA Aktiengesellschaft für Mineraloel und Chemie 50% Uberseering 40 Hamburg D 22297 Germany Tel : (49 40) 6375 RWE-DEA Aktiengesellschaft für Mineraloel und Chemie is a subsidiary (99%) of RWA AG, Hamburg, Germany. Subsidiaries of RWA AG include:
Energy Percentage RWE Power Aktiengesellschaft, Essen 100 RWE Rheinbraun Aktiengesellschaft, Cologne 100 RWE Trading GmbH, Essen 100 RWE Net Aktiengesellschaft, Dortmund 100 RWE Plus Aktiengesellschaft, Essen 100 RWE Gas Aktiengesellschaft, Dortmund 80 RWE Systems AG, Dortmund 100 Budapesti Elektromos Müvek Rt. Budapest,Hungary 55 CONSOL Energy Inc., Wilmington,,Delaware,USA (CONSOL Energy-Group) with 55 subsidiaries in the USA, Belgium and Canada 72 Emscher Lippe Energie GmbH, Gelsenkirchen 79 envia Energie Sachsen Brandenburg AG, Chemnitz 63 Észak-magyarországi Áramszolgáltató Rt. Miskolc/Hungary 54 EWV Energie- und Wasser-Versorgung GmbH Stolberg) 54 Kernkraftwerke Gundremmingen Betriebsgesellschaft mbh, Gundremmingen 75 Kernkraftwerke Lippe-Ems GmbH, Lingen (Ems) 88 Koblenzer Elektrizitätswerk und Verkehrs-AG Koblenz 58 Lech-Elektrizitätswerke AG, Augsburg 90 Mátrai Erömü Rt. (MÁTRA), Visonta/Hungary 51 MITGAS Mitteldeutsche Gasversorgung GmbH, Halle 60 Mitteldeutsche Energieversorgung Aktiengesellschaft,Halle (Saale) 53 RBB Vermögensverwaltungs GmbH, Cologne 100 Rheinbraun Engineering und Wasser GmbH Cologne 100 rhenag Rheinische Energie AG, Cologne 56 RV Rheinbraun Handel und Dienstleistungen GmbH Cologne 100 Société Luxembourgeoise de Centrales Nucléaires S.A., Luxembourg 100 Süwag Energie AG, Frankfurt, Main) 79 Turbogás Produtora Energética, S.A. Lisbon, Portugal 75 Water Thames Water Plc, London, United Kingdom) 100 RWE Aqua GmbH, Berlin 100 Environmental Services RWE Umwelt Aktiengesellschaft, Essen 100 Trienekens Aktiengesellschaft, Viersen 50 Industrial Services TESSAG Technische Systeme & Services AG, Frankfurt/Main 100
Angewandte Solarenergie ASE GmbH, Alzenau 100 NUKEM Nuklear GmbH, Alzenau 100 Piller-GmbH, Osterode am Harz 100 SAG Netztechnik GmbH, Langen 100 Starkstrom-Gerätebau GmbH, Regensburg 100 TESSAG Industrie-Anlagen GmbH, Duisburg) INA Group with 2 subsidiaries in France and Canada 100 Petroleum RWE-DEA Aktiengesellschaft für Mineraloel und Chemie, Hamburg 99 DEA Mineraloel AG, Hamburg 100 DEA Mineraloel & Service GmbH, Hamburg 100 Printing Systems Heidelberger Druckmaschinen AG, Heidelberg 56 Heidelberger Druckmaschinen Vertrieb Deutschland GmbH, Heidelberg 100 Heidelberg USA, Inc., Kennesaw/Georgia/USA2) 100 Heidelberg Web Systems, Inc., Dover/New Hampshire/USA2) 100 Construction and Civil Engineering HOCHTIEF Aktiengesellschaft, Essen 62 HOCHTIEF AirPort GmbH, Essen 100 Leighton Holdings Limited, Sydney, Australia; Leighton Group) with 121 subsidiaries in Asia, Australia and America 50 The Turner Corporation Wilmington, Delaware, USA; Turner Group with 43 subsidiaries in the USA, Brazil, United Kingdom and Singapore 100 Other subsidiaries Harpen Aktiengesellschaft, Dortmund 72 RWE Finance BV, Amsterdam/Netherlands 100 ACTIVITIES The Company is involved in the following activities : Oil & gas production. Engages in development of operations as well as conducting exploration operations in the east concession area of the Gulf of Suez. Production capacity : 2,116,000 tonnes. FACILITIES The Company has the following facilities :
Several large offices located at the heading address and production facilities in Abu Rodeis fields in South Sinai. END OF REPORT