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ADNOC and Borealis Consider Borouge Listing

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Abu Dhabi, UAE / Vienna, Austria – February 15, 2022: Abu Dhabi National Oil Company (ADNOC) and Borealis AG (Borealis) are considering a potential initial public offering (IPO) of a minority stake in their joint venture business Borouge. Headquartered in Abu Dhabi, Borouge is a leading provider of innovative, value creating plastics solutions.

ADNOC and Borealis will provide further material updates as and when appropriate.

Release Details

February 15, 2022

About ADNOC

ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification. To find out more, visitwww.www.lia69719.com

For media inquiries please contact:

Oliver Thompson
经理、财务沟通
media@www.lia69719.com

For investor inquiries please contact:

Edward Senior
Vice President, Investor Relations
ir@www.lia69719.com

About Borealis

北欧化工是世界领先的供应商之一f advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.

With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with Total, based in the US).

www.borealisgroup.com|www.borealiseverminds.com

Borstar is a registered trademark of Borealis AG

Media Relations

Borealis: Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
Tel.: +43 1 22 400 772 (Vienna, Austria)
e-mail:virginia.wieser@borealisgroup.com

About Borouge

A joint venture between ADNOC and Borealis, Borouge is a leading petrochemicals company that provides innovative plastics solutions for the energy, infrastructure, mobility, packaging, healthcare and agriculture industries. Following the fourth world–scale expansion, Borouge will become the world's largest single-site polyolefin complex by 2025, with an overall production capacity of 6.4 million tonnes annually.www.borouge.com