TAQA purchases EnCore Oil Nederland B.V.

Notes and media contacts

For further information, please contact:

TAQA

Ms. Tanis Thacker
Head of Investor Relations
+ 971 2 691 4933

Mr. Mohammed Mubaideen
Senior Associate, Investor Relations
+ 971 2 691 4964

Ms. Geesje van Niejenhuis
Head of Corporate Communications, TAQA Europa B.V.
+ 31 20 7975100

UAE

Mr Jonathan Ellis, Capital MS&L
+ 971 4 367 6172

London

Ms. Claire Maloney, Capital MS&L
+44 207 307 5341

About Abu Dhabi National Energy Company PJSC (TAQA)

Founded in 2005, TAQA (Abu Dhabi National Energy Company (PJSC)) is a global energy company with a growing asset base that exceeds Dhs86bn ($23.4bn). One of the largest companies listed on the Abu Dhabi Securities Market (ADSM), with 2007 revenues of more than Dhs8bn ($2bn), TAQA is a flagship corporation for the Government of Abu Dhabi.

TAQA's strategic goal is to build and operate a geographically diverse global portfolio of energy businesses across the value chain. It has operations in power generation, water desalination, upstream oil/gas, pipelines, and gas storage.

TAQA employs approximately 2,800 people from 38 different nations and operates from its offices in: Abu Dhabi; Ann Arbor, Michigan; Aberdeen; Amsterdam; Calgary and The Hague. This footprint is further extended through alliances with partners across Africa, the Middle East, Europe, North America and India.

TAQA carries Aa2 and AA- credit ratings from Moody's and S&P respectively.

TAQA in Europe
TAQA has a strong focus on expanding its Upstream activities in Europe and North Africa. In the Netherlands, TAQA acquired BP Netherlands' gas exploration and production assets including onshore, offshore and storage facilities in 2007, located in the Dutch Continental Shelf of the North Sea and in the region of Alkmaar in the North Western part of the Netherlands. TAQA's assets in the North Sea are operated under the subsidiary TAQA Energy B.V.

In the UK, TAQA Bratani Limited has acquired the Brae assets from Talisman Energy (UK) Limited, and completed the Drum Farm-in (an exploration prospect near Brae) with Reach Exploration (UK) Limited. In July 2008, TAQA Bratani signed a Sale and Purchase Agreement with Shell U.K. Limited and Esso Exploration and Production (UK) Limited to purchase the equity pertaining to operating licenses for six offshore fields and two non-operated subsea tie-backs situated in the Northern North Sea.

At present there are approximately 200 people working for TAQA in Europe, located at operational assets or TAQA's four European offices in The Hague, Alkmaar, Amsterdam and Aberdeen.