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Some people believe oil and gas companies focus their efforts solely on what happens below the earths surface. At Kosmos weve made a choice to operate differently. We recognize that delivering lasting benefits to local communities and developing mutual trust with host governments is just as important as operating competently below the ground. In this regard we have two objectives that we pursue in tandem 1. Find and develop sustainable oil and gas resources 2. Be a force for good in our host countries and create a positive legacy We bring to these below- and above-ground objectives the same commitment to excellence and a differentiated approach. In our technical work we use contrarian thinking and the latest technology to find oil and gas in places where others have failed or chosen not to look. Similarly in our above-ground work we go beyond formulaic social projects to help host countries plan for future success in managing hydrocarbon resources for the long term. We invest in building the capacity and skills needed to support a vibrant petroleum sector capable of creating economic opportunity that is widely shared. This approach is based on the values articulated in our Business Principles as well as an unwavering commitment to corporate responsibility that doesnt change with the price of oil shifting political winds or other trends. Its simply the right thing to do and as a result its good business practice. The more successful our host countries become the more valuable our assets will be. Being a responsible operator and a good neighbor in one country opens new opportunities in another. BEING A FORCE FOR GOOD Since joining Kosmos last year I have challenged the organization to continuously raise its level of performance. I want Kosmos to find new and better ways to be a partner of choice in the countries where we operate so we can have a positive and lasting impact. In 2014 we continued to make progress In Ghana where we have our largest presence outside the U.S. we took an important step forward when we formed an independent advisory council comprised of respected Ghanaian business leaders who help us better understand national and local dynamics so that we can support the countrys needs as a developing economy. In Western Sahara where geo-political sensitivities have stifled foreign investment for more than 40 years Kosmos was the first international oil company to complete a Social Impact Assessment as well as engage more widely with local people on the potential impacts and benefits of hydrocarbon exploration. Consistent with our Business Principles we have also made infrastructure investments and brought skills training to local people ahead of drilling our first exploration well offshore Cap Boujdour. FELLOW STAKEHOLDERS4