INVESTOR RELATIONS: Quarterly Financial Update For the period ended 30 June 2010

1. INVESTOR RELATIONS: Quarterly Financial Update For the period ended 30 June 2010 Release Date: 26th August, 2010

2. Disclaimer & General Notes • Industries Qatar QSC: • The companies in which Industries Qatar QSC directly and indirectly owns investments are separate entities. In this presentation, “IQ” and “the group” are sometimes used for convenience in reference to Industries Qatar QSC. • Disclaimer: • This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Industries Qatar QSC. All statements other than statements of historical fact are deemed to be forward-looking statements, being statements of future expectations that are based on current expectations and assumptions, and involve known and unknown risks and uncertainties that could cause actual results, operations and business performance or events impacting the group to differ materially from those expressed or as may be inferred from these statements. • There are a number of factors that could affect the realisation of these forward-looking statements such as: (a) price fluctuations in crude oil and natural gas, (b) changes in demand or market conditions for the group’s products, (c) loss of market share and industry competition, (d) environmental risks and natural disasters, (e) changes in legislative, fiscal and regulatory conditions, (f) changes in economic and financial market conditions and (g) political risks. As such, results could differ substantially from those stated, or as may be inferred from the forward-looking statements contained herein. All forward-looking statements contained in this presentation are made as of the date of this presentation, as marked on the Cover page. • Industries Qatar QSC, its Directors, officers, advisors, contractors and agents shall not be liable in any way for any costs, losses or other detrimental effects resulting or arising from the use of or reliance by any party on any forward-looking statement and / or other material contained herein. Industries Qatar QSC, its subsidiary, joint ventures and associated companies are further in no way obliged to update or publish revisions to any forward-looking statement or any other material contained herein which may or may not be known to have changed or to be inaccurate as a result of new information, future events or any reason whatsoever. Industries Qatar QSC does not guarantee the accuracy of the historical statements contained herein. • General Notes: • IQ’s accounting year follows the calendar year. No adjustment has been made for leap years. • Where applicable, all values refer to IQ’s share. • Values expressed in QR billions and percentages have been rounded to 1 decimal point. All other values have been rounded to the nearest whole number. • Values expressed in US $’s have been translated at the rate of US $1 = QR3.64. INDUSTRIES QATAR|Quarterly Financial Update |2

3. Key Highlights • Earnings up 80% on last year adjusted profits • Net profit of QR2.6bn: +0.0% v unadjusted profits (QR2.6bn), +79.5% v adjusted profits (QR1.4bn, ex ‘price difference’ claim of QR1.2bn booked in H1, 2009). • Group set to beat full year profit target of QR4.1bn • Revenue in line; Net profit: 64% of full year target (QR4.1bn) achieved in H1, 2010. • Revenues up 21% on sharp steel price movement • Revenue: QR5.5bn (+20.8% v H1, 2009); petrochemical and steel prices ahead of budget, fertiliser marginally behind. • Volumes affected by planned / unplanned shutdowns, but utilisation still good at 95% • All plants experienced shutdowns, but methanol (52 days) and MTBE (87 days) heavily impacted. Shutdowns due to maintenance and / or technical reasons only. • Strong QoQ, YoY gross margin driven by steel segment • Gross margin of 50.8%: +3.6% v Q1, 2010; driven by steel: 41.5% (+25.2% v Q1, 2010) • RLOC / Qatofin launched, mega-projects on track • RLOC / Qatofin: Commercial production started in Q2, 2010; LDPE-3, QAFCO 5 and QAFCO 6 on track; Qatar Melamine due to launch in Q3, 2010. • Significant PPE / PUD investment YTD • Incremental spend of QR2.5bn primarily attributable to LDPE-3, QAFCO 5 and QAFCO 6. INDUSTRIES QATAR|Quarterly Financial Update |3

4. Revenue, Net Profit By Quarter • Earnings up 80% on last year adjusted profits • Net profit of QR2.6bn: +0.0% v unadjusted profits (QR2.6bn), +79.5% v adjusted profits (QR1.4bn, ex ‘price difference’ claim of QR1.2bn booked in H1, 2009). • Most segments reported profit growth on last year • Petrochemicals: +36.4%; Fertiliser: +11.9%; Steel -36.3% • Revenue up YoY, QoQ • Revenue: +20.8% v H1, 2009, +5.1% v Q1, 2010 • All segments reported revenue growth on last year • Petrochemicals: +41.5%; Fertiliser: +12.5%; Steel +11.9% INDUSTRIES QATAR|Quarterly Financial Update |4

5. H1 Performance v Budget • Group set to beat full year profit target of QR4.1bn • Revenue (QR10.9bn) and gross profit (QR4.9bn) appear achievable • 2010 budgeted price expectations appear reasonable • YoY price inflation on 2009 averages: Petrochemicals ≈5%, urea ≈2%, steel +7% • All segments on target INDUSTRIES QATAR|Quarterly Financial Update |5

6. Key Product Prices By Quarter Sustained petrochemical product prices recovery Prices stabilised / troughed Positive price recovery INDUSTRIES QATAR|Quarterly Financial Update |6

7. Price / Volume Variance Bridge • Revenue improvement principally due to product prices • Petrochemicals: +QR753.4m; Fertiliser: +QR117.2m; Steel: +QR322.3m • Planned / unplanned shutdowns affected group volumes INDUSTRIES QATAR|Quarterly Financial Update |7

8. Utilisation Rates By Plant / Product • Group utilisation running at 95% • Methanol, MTBE affected by planned / unplanned shutdowns • Unplanned shutdown (MTBE: 38 days) to enable mechanical repairs, and not due to demand-related concerns or feedstock supply issues. Planned shutdowns (Methanol: 52 days; MTBE: 50 days) for routine maintenance. • All other plants had planned shutdowns • No further shutdowns planned for 2010. • NOTE:Utilisation excludes RLOC / Qatofin. To be included from Q3, 2010. INDUSTRIES QATAR|Quarterly Financial Update |8

9. Gross Margin By Segment • Gross margins at highest levels since 2008, at 51% • Petrochemical margins affected by shutdowns • QoQ dip attributable to fuel additives shutdowns • Steel segment benefited from improved prices, reduced production costs INDUSTRIES QATAR|Quarterly Financial Update |9

10. Current Projects Spend To Date • Projects in progress and on budget • LDPE-3 (Q4, 2011), QAFCO 5 (Q1, 2011) and QAFCO 6 (Q1, 2012) ahead of schedule • Qatar Melamine due to launch in H2, 2010 • QS Upgrade Project announced in Q1 • Works due to start in H2, 2010 • RLOC / Qatofin commercial production started in Q2 • Qatofin operating at 80% utilisation, sales recognised in Q2 INDUSTRIES QATAR|Quarterly Financial Update |10

11. Summary Profit & Loss • Commercial launch of RLOC / Qatofin in Q2, 2010 • Other affected by reduced Other Income (QS ‘Price Difference’ claim booked in H1, 2009), but aided by improved performance of Associates (QVC and GUSC). • Reduced finance charges despite higher loans balance INDUSTRIES QATAR|Quarterly Financial Update |11

12. Summary Balance Sheet • Total Assets increase mainly due to investment in PPE / PUD • QR2.5bn invested since 12/2009, mostly LDPE-3, QAFCO 5 and QAFCO 6 • Working Capital increased by QR466m • Inventory increase from Qatofin & QS • Loans increase due to drawdowns in QAPCO, QAFCO 5 debt • Strong financial position • Quick Ratio (3.02 v 4.06 at 12/2009), Debt : Equity ratio (38.8% v 31.6% at 12/2009) INDUSTRIES QATAR|Quarterly Financial Update |12

13. Summary Cash Flow Statement • Significant spend in PUD & PPE • QR2.5bn invested since 12/2009, mostly LDPE-3, QAFCO 5 and QAFCO 6 • Drawdown on loans • Attributable to QAPCO drawdown of QR584.4m (Qatofin), QAFCO drawdown of QR819.0m (QAFCO 5). INDUSTRIES QATAR|Quarterly Financial Update |13

14. About Industries Qatar QSC Industries Qatar QSC: Industries Qatar QSC (“IQ”) was incorporated as a Qatari joint stock company on April 19, 2003. The business operations of the company comprise the direct holding of shares in the following subsidiary and joint venture companies: (i) Qatar Steel Company QSC (“QS”), a wholly-owned subsidiary, engaged in the manufacture and sale of steel billets and reinforcing bars; (ii) Qatar Petrochemical Company Limited QSC (“QAPCO”), a joint venture owned 80% by IQ, engaged in the production and sale of ethylene, low-density polyethylene (“LDPE”), linear low-density polyethylene (“LLDPE”) and sulphur; (iii) Qatar Fertiliser Company SAQ (“QAFCO”), a joint venture owned 75% by IQ, engaged in the manufacture and sale of ammonia and urea; (iv) Qatar Fuel Additives Company Limited QSC (“QAFAC”), a joint venture owned 50% by IQ, is engaged in the production and export of methanol and methyl-tertiary-butyl-ether (“MTBE”); and (v) Fereej Real Estate Company, a joint venture owned 34% by IQ, engaged in investing in residential and commercial buildings, and the provision of facilities management and construction project management services. Qatar Petroleum, the largest shareholder, provides all of the head office functions for IQ through a comprehensive service directive. The operations of the subsidiaries and joint venture remain independently managed by their respective Boards of Directors and senior management teams. Fereej Real Estate Company Incorporated in 2008 as a joint venture, Fereej is currently owned by IQ (34%), Qatar Real Estate Investment Company (33%) and Al-Koot Insurance And Re-Insurance Company (33%). The company’s activities are focused on investing in residential and commercial buildings, and the provision of facilities management and construction management services. Qatar Fertiliser Company SAQ Qatar Fertiliser Company SAQ (“QAFCO”) is the world’s largest single site producer of urea and ammonia. It was incorporated in 1969 and is currently a joint venture between Industries Qatar QSC (“IQ”) [75%], Fertiliser Holdings AS (10%) and Yara Netherland BV (15%). QAFCO is engaged in the manufacture and sale of ammonia and urea, which are sold primarily in the Indian sub-continent, and urea formaldehyde condensate. INDUSTRIES QATAR|Quarterly Financial Update |14

15. About Industries Qatar QSC Qatar Petrochemical Company Limited QSC Incorporated in 1974 as a joint venture, Qatar Petrochemical Company Limited QSC (“QAPCO”) is currently owned by Industries Qatar QSC (“IQ”) [80%] and TOTAL Petrochemicals (France) [20%]. QAPCO has two joint ventures, Qatofin Company Limited QSC and Ras Laffan Olefins Cracker Company, and two associated companies, Qatar Vinyl Company Limited QSC and Qatar Plastic Products Company WLL. QAPCO was established with the aim of utilising the associated and non-associated ethane gas from petroleum production. QAPCO is one of the leading producers of ethylene and variable grade low-density polyethylene (“LDPE”) [under the brand name “Lotrene”] in the Middle East, with sulphur being its by-product. The LDPE is marketed in over 75 countries, with the main markets being the Middle East, Far East, Africa and the Indian sub-continent. A substantial part of the ethylene produced is used in the LDPE production process, with the remainder being supplied to QAPCO’s associate, QVC, to meet its feed requirements. Qatar Fuel Additives Company Limited QSC Incorporated in 1991 as a joint venture, Qatar Fuel Additives Company Limited QSC (“QAFAC”) is currently owned by Industries Qatar QSC (“IQ”) [50%], OPIC Middle East Corporation [20%], International Octane Limited [15%] and LCY Middle East Corporation [15%]. The company was established as part of Qatar’s strategic plan to diversify its petrochemical base and expand its downstream industries. It is recognised as a producer and exporter of high quality methanol and methyl-tertiary-butyl-ether (“MTBE”). Its primary markets are the Far East, Europe and the Gulf region. Qatar Steel QSC Qatar Steel QSC (“QS”) was the first integrated steel producing company in the GCC region and is Qatar’s sole steel producer. Originally incorporated in 1974 as a joint venture between the State of Qatar, Kobe Steel and Tokyo Boeki, QS was subsequently wholly-acquired by Industries Qatar QSC (“IQ”) in 2003. QS is engaged in the manufacture and sale of steel bars, billets and reinforcing bars, which are sold primarily in the local and GCC markets. INDUSTRIES QATAR|Quarterly Financial Update |15

16. For further information, Industries Qatar can be contacted as follows: • Email: iq@qp.com.qa • Telephone: (974) 4430-8681 • Fax: (974) 4429-3750 • Mail: PO Box 3212, Doha, State of Qatar • Please refer to www.iq.com.qa for the latest information, publications, press releases and presentations about Industries Qatar and the IQ group. INDUSTRIES QATAR|Quarterly Financial Update |16