TAQA NORTH ANNOUNCES NEW MANAGING DIRECTOR

TAQA NORTH ANNOUNCES NEW MANAGING DIRECTOR

ABU DHABI, UAE and CALGARY, CANADA, August 8th, 2008 - The Abu Dhabi National Energy Company PJSC (‘TAQA’) announced today that Frederic Lesage has been appointed to serve as Managing Director, TAQA NORTH upon Tim Granger’s elective departure, effective September 30th,  2008.

Mr. Lesage possesses over 17 years of experience working with blue chip companies and most recently served TAQA in the role of GVP, Integration & Optimization.
Prior to joining TAQA, Mr. Lesage worked as a Senior Consultant for McKinsey & Company after practicing law for several years at a leading Canadian law firm, where he specialized in Labor and Employment Law. He holds a law degree from Universite de Montreal and a Master of Business Administration with distinction from the Richard Ivey School of Business at the University of Western Ontario.

Peter Barker-Homek, CEO of TAQA said, “Fred is eager to deliver on TAQA’s ambition to be one of the ‘Best 100 Global Companies to Work For’.  Fred and his expanded leadership team will develop TAQA North as an E&P company that can increase production, reliably replace reserves, and is a vibrant meritocracy and solid corporate citizen.”
“Fred will continue to work closely with the TAQA NORTH management team as well as corporate headquarters to ensure connectivity across all of TAQA’s business sectors.”