Abu Dhabi, UAE, 15 January 2020: Bee’ah, the Middle East’s leading sustainability pioneer, and National Central Cooling Company (Tabreed), the leading international district cooling developer based in the UAE, have signed a partnership agreement to jointly explore the development of large-scale district cooling projects in the Emirate of Sharjah. The partnership was signed today by Khaled Al Huraimel, Group CEO of Bee’ah, and Bader Saeed Al Lamki, CEO of Tabreed. Under the agreement, Bee’ah and Tabreed will develop potential district cooling projects at locations across Sharjah. District cooling is more environmentally friendly and cost-efficient than traditional space cooling methods and in line with Bee’ah’s vision to drive a more sustainable quality of life. Commenting on the agreement, Bee’ah’s Al Huraimel said: “Bee’ah has made significant investments in sustainability and infrastructure in Sharjah to date. Our partnership with Tabreed is a further illustration of our continued commitment to seek new solutions that are more sustainable and cost-competitive. The UAE faces extreme weather conditions, especially during summer, but through new district cooling projects, we hope to tackle this issue through more energy-efficient measures.” Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “We are pleased to be partnering with Bee’ah to explore opportunities to bring reliable, sustainable and cost-efficient district cooling solutions to the Emirate of Sharjah. Our strong core business, innovative technology, experienced team and structuring capabilities have made Tabreed the partner of choice, and we look forward to contributing to the continued growth and long-term sustainability of the Emirate.” District cooling is a key part of the district energy systems that are the foundation of sustainable, economic and urban development. Ideal for large-scale, high density developments such as downtown business districts, airports, university campuses, residential towers and commercial establishments. District cooling relies on a centralized cooling plant that provide cooling to buildings within its grid. The plant supplies chilled water via insulated underground piping networks to a cluster of buildings in a service area, or district. Energy Transfer Stations (ETS) then utilizes the chilled water to force cold air inside the buildings to produce an air-conditioned environment with warm water then returning to the plant to be re-chilled and redistributed. In some cases, plants use nearby sea water instead of potable water, leading to further environmental benefits and water savings. District cooling is highly efficient and cost-effective, providing cost savings from building operations and maintenance to reduce energy consumption, while still efficiently delivering on cooling requirements. The collaboration is designed to increase the use of this energy-efficient district cooling solution among some of the largest projects in Sharjah. Space cooling represents up to 70 percent of electricity consumption at peak times in hotter countries such as the UAE. The International Energy Agency estimates that the energy used by such cooling will more than triple by 2050. With 60 to 80 percent less energy consumption than the average conventional cooling systems, centralized district cooling will play a major role in tackling this global challenge.

15 January 2019 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based international district cooling developer, has announced an agreement to acquire the Masdar City district cooling plants and concession, which will grow to provide efficient cooling services to more than 2.7 million sq.m of sustainable urban communities in Masdar City, with a total capacity of about 69,000RT. In line with the ethos of Masdar City, this will continue to be the most efficient and sustainable cooling system in the Middle East. This advancement represents a major milestone in Tabreed’s strategy of providing efficient cooling to sustainable cities around the world. In addition to the plant, Tabreed will also acquire the use of two deep geothermal wells located in Masdar City that are a part of a major research & development collaboration initiative, which will see Tabreed leverage its sector expertise and innovative approach to create unique, reliable and sustainable cooling solutions through geothermal technology. The agreement was announced during Abu Dhabi Sustainability Week (ADSW), a global platform that brings together a unique fusion of industry leaders and policy makers to share knowledge, implement strategies and deliver solutions that will help drive human progress. The signing was witnessed by Mr. Khaled Al Qubaisi, Chairman of Tabreed and CEO Aerospace, Renewables and ICT at Mubadala, and Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “At Tabreed, we are committed to developing sustainable technologies and innovative advanced cooling solutions that support the growth of sustainable urban communities. We will be integrating, in operating the plant, our state-of-the-art AI module control system that will more efficiently and economically adjust the plant’s operating parameters to the specific cooling requirements thus further reducing carbon emissions across the city and beyond.” “As an industry leader, our strategic and solid partnerships have allowed us to diversify our operations and venture into energy solutions such as geothermal technology. We look forward to the continuation of a highly successful partnership with Masdar as it paves the way to achieving the ambitious energy efficiency targets set for the city,” added Al Lamki. “This agreement reflects the progress Masdar City has made in developing its residential and commercial portfolio and our commitment to providing the most innovative solutions available,” said Yousef Baselaib, Executive Director, Sustainable Real Estate at Masdar. “By working with an industry-leading specialist in Tabreed, we can be sure our clients will benefit from the best cooling solutions, meeting the City’s needs now and in the future. Tabreed’s expertise in leveraging emerging technologies such as artificial intelligence will help Masdar City meet its sustainability objectives.” Masdar City is a world-renowned green city and one of the world’s most sustainable urban communities; it is home for some of Abu Dhabi’s most iconic and sustainable buildings, including the UAE Space Agency HQ, MAF Masdar City Center, IRENA HQ as well as Siemens HQ. It is a low-carbon development made up of a rapidly growing clean-tech cluster, business free zone and residential neighborhood with restaurants, shops and public green spaces. Sustainability is the key ethos of Masdar City, sharing Tabreed’s vision of efficient and low-emission urban developments. With over 20 years of operational excellence, Tabreed is the partner of choice for organizations interested in benefiting from environmentally friendly district cooling solutions that support the region’s energy sustainability strategy. With 80 district cooling plants across the region, Tabreed currently delivers over 1.16 million refrigeration tons to key developments, including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Abu Dhabi’s Al Maryah Island, Yas Island, Dubai Metro, Dubai Parks and Resorts, Bahrain Financial Harbour in Manama, Kingdom of Bahrain and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.