Citadel Capital, (CCAP.CA on the Egyptian Exchange), the leading private equity firm in the Middle East and Africa with US$ 9.5 billion in investments under control, confirmed today portfolio company National Petroleum Company Egypt Ltd. (NPC Egypt) has divested the National Petroleum Company Shukheir Marine Ltd.\n\nThe acquiring party is Sea Dragon Holding Ltd., a subsidiary of Sea Dragon Energy of Canada (TSXV:SDX). Under the terms of the share purchase agreement, Sea Dragon Holding Ltd. will pay NPC Egypt US$ 250,000 in cash at closing while also assuming at closing responsibility for c. US$ 3 million of the National Petroleum Company Shukheir Marine Ltd.’s existing accounts payable.\n\n“This transaction is the first of a number that will see us exit non-core portfolio and platform companies as part of our transformation over the coming three years into an investment company. This transaction is important because it reduces our risk and increases our focus. Our goal is simple: To create value for shareholders by holding 11 strategic investments in five industries including energy, transportation and logistics, agriculture and consumer foods, mining and cement across our core footprint in Egypt, East Africa and North Africa,” said Citadel Capital Chairman and Founder, Ahmed Heikal.\n\nThe assets of the National Petroleum Company Shukheir Marine Ltd. include a 100% participating interest in the Shukeir Marin concession containing the offshore Gulf of Suez concessions at the Shukeir Bay and Gamma oil fields.\n\nCitadel Capital’s effective ownership of National Petroleum Company Egypt Ltd. (NPC Egypt) stands at 15.05%.\n\n—Ends—\n\nCitadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity firm in the Middle East and Africa. Citadel Capital focuses on building regional platforms in select industries through acquisitions, turnarounds, and greenfields executed via Opportunity-Specific Funds. The firm’s 19 OSFs now control Platform Companies with investments of US$ 9.5 billion in 15 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital has generated more than US$ 2.2 billion in cash returns to its co-investors and shareholders (on investments of US$ 650 million), more than any other private equity firm in the region. Citadel Capital is the largest private equity firm in Africa by PE assets under management (2007-2012, as ranked by Private Equity International). For more information, please visit www.citadelcapital.com.\n\nFor more information, please contact:\nMs. Ghada Hammouda\nHead of Corporate Communications\nCitadel Capital (S.A.E.)\nghammouda@citadelcapital.com\nTel: +20 2 2791-4439 • Fax: +20 22 791-4448\nMobile: +20 106 662-0002