INPEX_FB2014_0821初稿時.indd

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1 CONTENTSTS Market Data Fact Book Year ended March 31, 214 Market Data (Price / Exchange Rate / Stock Marke ts) 1 Market Data (Wo rld) 3 Market Data (Japan) 5 Index Data a (Consolidated) Profitability Indices 8 Efficiency Indi ces 9 Productivity Indices 1 Stability Indices 11 Performance Indices 12 Reserves / Production Indices 13 Operating Data Comparison with Global E&P 14 Oil and Reserves 15 Oil and Net Productionon Sal es Vol ume Busine ss Invest estmen ment t/ Ot hers / 24 Financ ial Data (Conso nsolid lidate d) 25 Corpor porate Infor ormation 28

2 Market Data Market Data (Price / Exchange Rate / Stock Markets) price trend (ICE Brent / NYMEX WTI / CIF price in Japan)ICE Brent NYMEX WTI CIF U.S.$/bbl ICE Brent NYMEX WTI CIF price in Japan CIF U.S.$/bbl Annual average ICE Brent ICE Brent NYMEX WTI NYMEX WTI CIF price in Japan CIF Source: Petroleum Association of Japan (PAJ), etc. * 214: From January to June *21416 LNG (CIF) price trend in Japan LNGCIF (U.S.$/ton 1, (U.S.$/ton Annual average LNG (CIF) price LNG CIF Source: Petroleum Association of Japan (PAJ) * 214: From January to June *21416 Steel products (steel plate) price trend in Japan /ton 15, Average of the high and low prices 1, 5, Annual average Steel products (steel plate) price 4,5 45,667 75,125 83,333 8,5 81, 117,542 12,167 87,78 87,667 81,125 77,333 82, Source: Japan Metal Daily ( /ton * 214: From January to June * INPEX CORPORATION Fact Book 214

3 Exchange rate trend (Japanese yen against U.S. dollar) /U.S.$ Market Data /U.S.$ Average exchange rate Source: Mizuho Bank * 214: From January to June *21416 World stock markets (22/1=1) ASX Hang Seng TOPIX S&P 5 FTSE /1 23/1 24/1 25/1 26/1 27/1 28/1 29/1 21/1 211/1 212/1 213/1 214/1 Reference: INPEX s share price performance vs. TOPIX (26/4=1) TOPIX 26 4 =1 15 INPEX TOPIX

4 Market Data Market Data (World) World primary energy consumption Total 12,73.4 Million tons oil equivalent Million tons oil equivalent % Oil 4, % Natural gas 3, % Coal 3, % Nuclear power % Hydroelectricity % Renewables % Total 12, % Source: BP BP Statistical Review of World Energy 214 BP BP Statistical Review of World Energy 214 Proved reserves by region and reserves to production ratio (RP ratio) (as the end of 213) 213 Natural gas Total 1,687.9 Billion bbl RP ratio (years) 53.3 Total 6,557.8 Trillion cf cf RP ratio (years) 55.1 Billion bbl % North America % Central, South America % Europe, Eurasia % Middle East % Africa % Asia Pacific % Total 1, % Source: BP BP Statistical Review of World Energy 214 BP BP Statistical Review of World Energy 214 Trillion cf cf % North America % Central, South America % Europe, Eurasia 1, % Middle East 2, % Africa % Asia Pacific % Total 6, % Source: BP BP Statistical Review of World Energy 214 BP BP Statistical Review of World Energy 214 World oil and gas production (Thousand bbl/day (Billion m 3 m 3 1, (Left scale) Natural gas (Right scale) 4, 81,54 82,17 82,593 82,383 82,955 81,262 83,296 84,49 86,251 86,88 74,991 77,639 75, 3, 2, , ,72.8 2, , , ,68.5 3,19.8 3, , , ,981. 5, 2, 25, 1, Source: BP BP Statistical Review of World Energy 214 BP BP Statistical Review of World Energy INPEX CORPORATION Fact Book 214

5 Volume of global trade () Change 213 over 212 * *1 213 share of total *1 213 * Imports U.S. 11,357 12,254 12,898 13,525 13,612 13,632 12,872 11,453 11,689 11,338 1,587 9,792 (7.5%) 17.3% Europe 11,895 11,993 12,538 13,261 13,461 13,953 13,751 12,486 12,94 12,28 12,488 12, % 22.4% Japan 5,7 5,314 5,23 5,225 5,21 5,32 4,925 4,263 4,567 4,494 4,743 4,53 (4.5%) 8.% Rest of World 16,291 17,191 18,651 19,172 2,287 22,937 23,78 24,132 25,16 26,57 27,496 29, % 52.3% Total World 44,613 46,752 49,29 51,182 52,561 55,554 54,626 52,333 53,51 54,61 55,314 56, % 1.% Exports U.S ,129 1,317 1,439 1,967 1,947 2,154 2,497 2,68 3, % 5.8% Canada 1,959 2,96 2,148 2,21 2,33 2,457 2,498 2,518 2,599 2,798 3,56 3, % 5.8% Mexico 1,966 2,115 2,7 2,65 2,12 1,975 1,69 1,449 1,539 1,487 1,366 1,335 (2.3%) 2.4% Central, South America 2,965 2,942 3,233 3,528 3,681 3,57 3,616 3,748 3,568 3,764 3,834 3,71 (3.2%) 6.6% Europe 2,234 2,66 1,993 2,149 2,173 2,273 2,23 2,34 1,888 2,53 2,174 2,4 1.4% 4.3% Former Soviet Union 5,37 6,3 6,44 7,76 7,155 8,334 8,184 7,972 8,544 8,791 8,597 9,48 5.2% 16.% Middle East 18,62 18,943 19,63 19,821 2,24 19,68 2,128 18,49 18,883 19,753 19,699 19,63 (.5%) 34.7% North Africa *2 *2 2,62 2,715 2,917 3,7 3,225 3,336 3,26 2,938 2,871 1,949 2,64 2,217 (14.9%) 3.9% West Africa *2 *2 3,134 3,612 4,48 4,358 4,74 4,83 4,587 4,364 4,61 4,654 4,564 4,462 (2.2%) 7.9% Asia Pacific 3,848 3,978 4,189 4,243 4,312 6,4 5,392 5,631 6,226 6,217 6,419 6,68 4.1% 11.8% Rest of World 1,551 1,361 1,631 1,542 1,359 1,656 1,363 1, %.8% Total World 44,613 46,752 49,29 51,182 52,561 55,554 54,626 52,333 53,51 54,61 55,314 56, % 1.% Source: BP BP Statistical Review of World Energy 214 *1 Annual changes and shares of total are calculated using thousand barrels daily figures. *2 North and West African exports excludes intra-africa trade. : BP BP Statistical Review of World Energy 214 *1 / *2 (Thousand bbl/day Market Data Volume of global trade 213 (LNG) LNG213 To Import Countries U.S.** Brazil** Trinidad & Tobago Peru Norway Other Europe** Russian Federation Oman Qatar From Export Countries UAE Yemen Algeria Angola Egypt Equatorial Guinea Nigeria Australia Indonesia Brunei North America U.S Canada * Mexico Central, South America * Argentina * Brazil Chile Other countries Europe & Eurasia Belgium * France Italy * 5.5 Spain * Turkey United Kingdom Other countries Middle East Asia Pacific China India Japan South Korea Taiwan Thailand * Other countries Total Exports.1 * Source: BP BP Statistical Review of World Energy 214 * Less than.5 ** Includes re-exports : BP BP Statistical Review of World Energy 214 *.5 ** (Billion m 3 m 3 Malaysia Total Imports 214 4

6 Market Data Market Data (Japan) and natural gas production (Japan) Thousand kl kl 1, , ,752 2,814 2,957 2,466 Million m 3 m , ,729 3, ,555 3, ,343 3, , ,177 3, 2, 1, Natural gas Thousand klkl Thousand bbl/day Million m 3 m 3 2,499 2,466 2,752 2,814 2,957 3,14 3,48 3,729 3,76 3,555 3,343 3,334 3,177 Thousand boe/day * Source: Handbook of Energy and Economics Statistics in Japan 214 * Data calculated from Handbook of Energy and Economics Statics in Japan * 214 Primary energy supply (Japan) 1 1 kcal 6, 558,651 54,44 548,559 55,71 566, , , , ,395 5, 516, ,33 516, ,366 4, 3, 2, 1, 1 1 kcal Renewables, etc. 7,333 7,171 7,493 7,855 7,86 7,989 8,152 8,44 8,127 8,7 8,684 8,845 9,72 Nuclear power 69,241 68,77 63,445 51,63 6,725 64,139 63,859 55,526 54,326 58,876 6,661 21,417 3,355 Hydroelectricity 19,253 18,674 18,367 21,248 2,964 17,31 19,426 16,522 16,797 16,961 18,21 18,457 16,737 73,398 72,2 74,321 78,964 78,427 78,86 86,119 92,968 92,721 9,242 95, , ,62 289,24 271, , ,28 275, , ,32 268, , , , , ,58 Coal 1,222 12,64 19, , , , , ,589 12,75 16,359 12, ,26 118,542 Total 558,651 54,44 548,559 55,71 566, , , , , , ,33 516, ,366 Source: Handbook of Energy and Economics Statistics in Japan Petroleum product demand by sector (Japan) (Million tons Electric power Non-energy* * Transportation Household Industrial (Manufacturing) Industrial (Non-manufacturing) Demand Total Source: Handbook of Energy and Economics Statistics in Japan 214 * Grease, Paraffin, Asphalt and Lubricant 214 * (Million tons 5 INPEX CORPORATION Fact Book 214

7 imports to Japan by supply country Thousand kl kl 3, 25, 254,64 239, , , ,85 249,1 238, ,29 234,46 2, 211, ,357 29, ,26 Market Data 15, 1, 5, Saudi Arabia 54,898 53,365 54,228 55,74 63,38 72,789 69,149 66,873 66,136 62,384 62,562 64,95 64,123 UAE 65,112 57,2 55,496 59,479 6,456 61,89 62,496 57,678 53,517 45,182 44,767 47,126 46,626 Iran 29,229 29,874 33,418 39,57 36,382 32,425 26,889 29,546 27,849 23,2 2,944 16,259 1,114 Iraq 3, ,312 3,636 1,742 2,259 2,161 3,82 4,782 6,986 4,578 4,428 Qatar 24,546 25,594 22,283 23,772 21,842 23,511 24,79 25,914 25,826 25,641 24,877 21,327 24,73 Kuwait 18,839 17,219 16,81 18,22 17,887 17,872 16,874 16,677 19,57 16,318 14,938 14,578 15,576 Neutral zone* * 13,843 12,433 9,527 8,81 5,64 4,952 5,24 4,541 4,117 4,174 4,118 4,245 4,439 Other Middle East 11,799 14,562 14,58 7,857 7,117 7,396 4,65 5,833 5,754 8,15 6,55 4,923 6,14 Indonesia 12,255 1,391 9,716 8,871 7,893 7,646 6,66 7,858 6,419 4,193 5,155 7,357 7,652 Other Southeast Asia 6,865 6,232 5,168 4,881 4,15 4,494 3,343 4,87 4,62 2,268 2,258 5,763 6,783 Russia ,689 1,583 1,736 3,792 8,423 8,734 9,629 15,171 8,629 11,167 Africa 1,777 4,64 11,291 6,253 9,965 1,56 9,444 8,132 5,83 3,37 2,986 5,983 6,267 Other 11,856 7,948 8,576 6,515 2,11 3,32 3,242 3,584 3,539 2,698 3,91 3,456 3,675 Total Imports 254,64 239, , , ,85 249,1 238, ,29 234,46 211, ,357 29, ,26 Source: Handbook of Energy and Economics Statistics in Japan 214 * Saudi Kuwaiti neutral zone 214 * Thousand klkl LNG imports to Japan by supply countrylng Thousand tons 1, 83,183 86,865 75, 5, 54,157 54,421 55,18 58,538 58,18 57,917 63,39 68,36 68,135 66,354 7,562 25, (Thousand tons Brazil 5 Spain 155 France 63 Peru Belgium 6 71 Yemen Russia 4,339 5,978 7,772 8,366 Equatorial Guinea 561 1,174 1, ,124 2,85 Norway Egypt ,627 1, ,13 Nigeria ,2 1, ,337 4,531 Trinidad & Tobago Oman ,656 1,14 1,11 2,864 3,699 3,64 2,785 2,661 4,227 3,794 Qatar 6, 6,386 6,64 6,68 6,762 6,396 7,77 8,129 8,95 8,11 7,72 14,31 15,252 Algeria Australia 7,211 7,489 7,212 7,644 8,612 1,456 12,66 11,816 12,174 12,457 13,248 13,592 17,57 Malaysia 1,923 11,296 1,881 12,219 13,154 13,136 12,22 13,252 13,339 12,57 14,617 15,126 14,269 Indonesia 18,123 16,444 17,522 17,49 15,545 13,813 13,951 13,65 13,949 12,746 12,93 7,96 5,776 UAE 4,82 4,853 4,633 5,256 5,17 5,371 5,262 5,571 5,549 5,92 5,85 5,638 5,544 Brunei 5,715 6,4 6,11 6,367 6,357 6,165 6,393 6,641 6,11 5,988 5,94 6,176 5,914 U.S. 1,26 1,266 1,253 1,242 1,21 1,25 1, Total Imports 54,157 54,421 55,18 58,538 58,18 57,917 63,39 68,36 68,135 66,354 7,562 83,183 86,865 Source: Handbook of Energy and Economics Statistics in Japan

8 Market Data Market Data (Japan) LNG consumption by sector (Japan) LNG (Thousand tons 8, 6, 54,5 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 4, 2, Industrial fuels 667 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. City gas 15,989 15,84 16,647 17,625 18,878 2,539 23,288 24,697 24,148 23,847 25,321 26,15 26,36 Electric power 37,844 38,175 37,914 39,63 37,17 34,641 38,177 42,16 41,35 4,89 42,393 53,561 56,431 Total 54,5 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Imports 54,157 54,421 55,18 58,538 58,18 57,917 63,39 68,36 68,135 66,354 7,562 83,183 86,865 Source: Handbook of Energy and Economics Statistics in Japan (Thousand tons Breakdown of city gas production, purchases in Japan by raw material source 1 9 kcal 5, 4, 3, 253, , ,25 289,791 37, ,14 348,752 37, ,58 351, , , ,396 2, 1, Others Natural gas 14,581 14,88 16,191 17,416 18,33 2,455 23,299 29,513 28,932 27,518 27,246 27,273 32,136 LNG LNG 26, ,23 234, , ,43 293, , , , , ,76 336, ,249 Coal-based gas 2,287 1,855 1,882 1, based gas 3,13 27,552 26,493 22,388 2,862 18,333 12,413 12,185 11,296 11,465 12,533 13,432 13,966 Total 253, , ,25 289,791 37, ,14 348,752 37, ,58 351, , , ,396 Source: Handbook of Energy and Economics Statistics in Japan kcal sales volume by sector (Japan) 1 9 kcal 4, 3, 274, ,146 31,382 25, ,56 2, 324, , , ,5 338, ,81 359, ,232 1, 1 9 kcal Others 21,26 21,834 23,924 24,494 26,784 28,589 27,62 29,267 28,52 28,857 31,253 29,696 29,986 Industrial 93,443 97,626 11,229 12,33 132, ,88 164, , , ,69 176, ,79 19,263 Commercial 4,612 41,42 43,458 44,285 47,115 48,919 47,853 49,444 47,64 46,161 47,386 44,797 44,997 Residential 94,912 93,554 96,727 97,64 94,631 99,275 97,649 98,728 96,458 96,287 97,889 97,914 97,986 Total 25, ,56 274, ,146 31, , , , ,5 338, ,81 359, ,232 Source: Handbook of Energy and Economics Statistics in Japan INPEX CORPORATION Fact Book 214

9 Index Data Profitability Indices (Consolidated) ( million ) Years ended March Net sales 969,712 1,22,965 1,76,164 84, ,8 1,186,731 1,216,533 1,334,625 67,4 783,465 65, ,92 557,91 726, , ,753 Natural gas 332, ,9 398, , , ,65 397, ,414 Other 29,375 28,49 27,545 27,94 28,921 31,443 3,631 2,457 Cost of sales 343,794 39, ,38 298, , , ,326 49,416 Gross profit 625, ,41 757, ,259 68, ,288 79,26 844,29 Operating income 559,77 714, , , ,742 79, , ,61 Net income 165,91 173, ,62 17,21 128, , 182, ,69 EBIDAX* EBIDAX* 321, , , , , ,595 35,9 42,178 Gross margin 64.5% 67.5% 7.4% 64.5% 64.5% 66.7% 65.% 63.3% Operating margin 57.7% 59.4% 61.6% 54.9% 56.2% 59.8% 57.% 55.% Net margin 17.% 14.4% 13.5% 12.8% 13.6% 16.3% 15.% 13.8% * Earnings before interest, depreciation and amortization, and exploration Net sales Cost of sales * Gross profit, Gross margin Index Data million 1,5, 1,334,625 1,216,533 1,22,965 1,186,731 2,457 1,2, 28,49 1,76,164 31,443 3, ,712 27, ,8 455,414 29, ,9 84,427 28, ,766 9, 429,65 398,266 27,94 332, , ,412 6, million 5, 49, ,326 4, 39, , , ,38 334, ,167 3, 2, million 1,, 8, 6, 4, 812,41 844,29 791, ,126 79,26 68, , % 64.5% 66.7% 65.% 63.3% 67.5% 7.4% 542, % % , 67,4 783,465 65, ,92 557,91 726, , ,753 1, 2, 2 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Other Gross profit Natural gas Gross margin Operating income, Operating margin Net income, Net margin EBIDAX EBIDAX million 8, 6, 4, 714, , ,61 79, , ,77 529, % 54.9% 56.2% 57.% 55.% 57.7% 59.4% 61.6% 461,667 % million , 15, 1, 173, ,91 145,62 17,21 128, , 182, ,69 % million , 3, 2, 321, , , , , ,595 35,9 42,178 2, 2 5, 17.% 14.4% 13.5% 12.8% 13.6% 16.3% 15.% 13.8% 1 1, 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Operating income Net income Operating margin Net margin EBIDAX = Net income + Minority interests + Deferred tax + (1 Tax rate) x (Interest expense Interest income) + Exchange profit and loss + Depreciation and amortization + Amortization of goodwill + Recovery of recoverable accounts under production sharing (capital expenditures) + Exploration expenses + Provision for exploration projects + Provision for allowance for recoverable accounts under production sharing Gross margin = Gross profit / Net sales Operating margin = Operating income / Net sales Net margin = Net income / Net sales EBIDAX

10 Index Data Efficiency Indices (Consolidated) Years ended March Total assets turnover (Times) Net assets turnover (Times) Return on equity (ROE) ROE 17.7% 15.8% 11.9% 8.1% 7.6% 9.3% 7.9% 7.% Net return on average capital employed (Net ROACE) ROACE 2.4% 21.4% 14.6% 1.5% 1.8% 16.% 11.2% 8.6% Return on assets (ROA) ROA 1.9% 1.1% 8.1% 5.7% 5.5% 6.8% 5.5% 4.8% Total assets turnover Times 1. Net assets turnover Times 1.5 Return on equity (ROE) ROE % % 15.8% 11.9% 8.1% 7.6% 9.3% 7.9% 7.% 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Net ROACE ROACE Return on assets (ROA) ROA % 3 % % 21.4% % % 1.5% 1.8% 11.2% 8.6% % 1.1% 8.1% 5.7% 5.5% 6.8% 5.5% 4.8% 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Total assets turnover = Net sales / Average of total assets at the beginning and end of the fiscal year Net assets turnover = Net sales / Average of net assets at the beginning and end of the fiscal year ROE = Net income / Average of net assets excluding minority interests* at the beginning and end of the fiscal year Net ROACE = (Net income + Minority interests + (Interest expense Interest income) (1 Tax rate)) / Average of sum of net assets and net debt* at the beginning and end of the fiscal year ROA = Net income / Average of total assets at the beginning and end of the fiscal year * See page 11 = = ROE* ( ROACE) * ROA *11 9 INPEX CORPORATION Fact Book 214

11 Productivity Indices (Consolidated) ( million ) Years ended March Number of employees (End of the fiscal year) 1,672 1,724 1,814 1,87 1,854 2,146 2,455 2,874 Net sales per employee Operating income per employee Ordinary income per employee Net income per employee Number of employees (End of the fiscal year) Employees 3,2 2,4 1,6 1,672 1,724 1,814 1,87 1,854 2,146 2,455 2,874 Net sales per employee million Operating income per employee million Index Data /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Ordinary income per employee Net income per employee million million /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Net sales per employee = Net sales / Average number of employees at the beginning and end of the fiscal year Operating income per employee = Operating income / Average number of employees at the beginning and end of the fiscal year Ordinary income per employee = Ordinary income / Average number of employees at the beginning and end of the fiscal year Net income per employee = Net income / Average number of employees at the beginning and end of the fiscal year 214 1

12 Index Data Stability Indices (Consolidated) ( million ) Years ended March Total assets 1,68,16 1,87,9 1,768,44 2,13,778 2,68,379 3,66,397 3,616,158 4,38,139 Net assets excluding minority interests 1,28,894 1,157,37 1,271,122 1,387,499 1,996,888 2,179,251 2,481,292 2,791,18 Interest-bearing debt 248, ,87 164,246 24, , , , ,628 Net debt (169,664) (328,351) (324,18) (349,211) (688,86) (874,116) (815,36) (725,329) Equity ratio 64.% 64.% 71.9% 68.9% 74.5% 71.1% 68.6% 69.1% Current ratio 178% 174% 2% 216% 194% 247% 267% 34% Fixed ratio 11% 17% 17% 11% 11% 99% 11% 14% D/E ratio 24.2% 16.8% 12.9% 17.3% 13.7% 14.6% 19.2% 2.9% Interest-bearing debt / Total capital employed 18.7% 13.5% 1.8% 13.9% 11.5% 12.1% 15.1% 16.3% Net debt / Net total capital employed (18.6%) (36.1%) (31.2%) (3.6%) (48.9%) (6.7%) (43.9%) (31.9%) Total assets Net assets excluding minority interests, Equity ratio Interest-bearing debt, D/E ratio million 4,4, 4,38,139 3,616,158 3,3, 3,66,397 2,68,379 2,2, 1,87,9 2,13,778 1,68,16 1,768,44 1,1, million 3., 2,4, 1,8, 1,2, 6, 64.% 64.% 1,387,499 1,271,122 1,157,37 1,28,894 2,791,18 2,481, % 68.9% 74.5% 2,179,251 1,996, % 68.6% 69.1% % million , 45, 3, 15, 24.2% 475, , ,774 24, , % 248, ,87 164, % 2.9% 17.3% 12.9% 13.7% 14.6% % /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Net assets excluding minority interests Interest-bearing debt Equity ratio D/E ratio Current ratio Fixed ratio Net debt, Net debt / Net total capital employed % 45 % 2 million 25, % % 174% 2% 216% 194% 247% 267% 34% % 17% 17% 11% 11% 99% 11% 14% 25, 5, 75, 169, , ,18-349, ,86-874, ,36-725, % 31.9% 31.2% 3.6% 48.9% 43.9% 36.1% 6.7% /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 1,, 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 8 Net debt Net debt / Net total capital employed Net assets excluding minority interests = Net assets Minority interests Interest-bearing debt = Short-term loans + Long-term debt Net debt = Interest-bearing debt Cash and cash equivalents Time deposits Certificate of deposits Public and corporate bonds and other debt securities with determinable value Long-term time deposits Equity ratio = Net assets excluding minority interests / Total assets Current ratio = Current assets / Current liabilities Fixed ratio = Fixed assets / Net assets excluding minority interests D/E ratio = Interest-bearing debt / Net assets excluding minority interests Interest-bearing debt / Total capital employed = Interest-bearing debt / (Net assets + Interest-bearing debt) Net debt / Net total capital employed = Net debt / (Net assets + Net debt) 11 INPEX CORPORATION Fact Book 214

13 Performance Indices (Consolidated) Years ended March Earnings per share (EPS) EPS Net assets excluding minority interests per share 1, , , , , , , , Cash flow per share Cash dividends per share Price earnings ratio (PER) (Times) PER Price book-value ratio (PBR) (Times) PBR Price cash flow ratio (PCFR) (Times) PCFR Payout ratio 9.9% 1.2% 13.% 12.1% 14.7% 13.2% 14.% 14.3% Earnings per share (EPS) EPS Yen Cash dividends per share Yen Price earnings ratio (PER) PER Times Yen Index Data /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Price book-value ratio (PBR) PBR Times 4 Price cash flow ratio (PCFR) PCFR Times 2 Payout ratio % % 1.2% 14.7% 13.% 13.2% 14.% 14.3% 12.1% 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 EPS = Net income / Average number of shares during the fiscal year Net assets excluding minority interests per share = Net assets excluding minority interests / Number of shares issued at the end of the fiscal year Cash flow per share = Cash flow from operating activities / Average number of shares during the fiscal year PER = Stock price (end of the fiscal year) / EPS PBR = Stock price (end of the fiscal year) / Net assets excluding minority interests per share PCFR = Stock price (end of the fiscal year) / Cash flow per share Payout ratio = Cash dividends per share / EPS The Company conducted a stock split at a ratio of 1:4 of common stock with October 1, 213 as the effective date. Amounts per share are calculated based on the assumption that the stock split was conducted on April 1,

14 Index Data Reserves / Production Indices (Consolidated) Years ended March Net proved reserves (MM boe) 1,77 1,645 1,598 1,475 1,38 2,432 2,188 2,532 Net probable reserves (MM boe) 1,959 2,721 3,176 2,929 2,818 1,823 1,97 1,945 Net production (Thousand boe/day) Reserves to production ratio (Years) Proved reserves Proved reserves + Probable reserves Reserve replacement ratio (3-year average, %) 3% 293% 122% 61% 35% 25% 282% 255% 37% Average expenses per boe produced (U.S.$) 1 Production cost Production cost (Excluding royalty) Selling, general and administrative expenses Finding and development cost per boe 1 (3-year average, U.S.$) Exploration success ratio (3-year average, %) 3% 32.8% 57.9% 56.3% 64.5% 46.8% 5.6% 45.% 59.5% Net proved reserves, Net probable reserves MM boe 5, 4, 3, 2, 1, 3,728 1,959 1,77 4,366 2,721 1,645 4,774 3,176 1,598 4,44 4,126 4,256 2,929 2,818 1,823 1,475 1,38 2,432 4,95 1,97 2,188 4,477 1,945 2,532 Reserves to production ratio (Proved reserves, Proved reserves + Probable reserves) Years Reserve replacement ratio (3-year average, %) 3% % % 122% 61% 35% 25% 282% 255% 37% 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Net probable reserves Net proved reserves Average expenses per boe produced Production cost, Selling, general and administrative expenses 1 U.S.$ /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 U.S.$ 6.9 Proved reserves + Probable reserves Proved reserves Finding and development cost per boe (3-year average, U.S.$) % /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Exploration success ratio (3-year average, %) 3% 32.8% 57.9% 56.3% 64.5% 46.8% 5.6% 45.% 59.5% 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Production cost Production cost (Excluding royalty) Selling, general and administrative expenses 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Reserves to production ratio (Years) = Reserves as of the end of the fiscal year / Production in the fiscal year Reserve replacement ratio = Proved reserves increase including acquisition / Production Finding and development cost per boe = The sum of total costs incurred for exploration and development of oil and gas fields and total costs incurred for acquisitions / The sum of proved reserve extensions, acquisitions and revisions Exploration success ratio = The number of net productive exploratory wells drilled / The number of net exploratory wells drilled Exploratory well: An exploratory well is a well drilled to find a new field, to find a new reservoir in a field previously found to be productive of oil or gas in another reservoir or to extend the limits of a known reservoir. ( )= = 1 = = : 19 Please refer to the footnotes on page INPEX CORPORATION Fact Book 214

15 Operating Data Comparison with Global E&P Reserve replacement ratio ( Average) (% INPEX BG (UK) Anadarko (US) Source: Most recent publicly available information Note: Proved reserves increase including acquisition / Production. Reserves and production volumes attributable to the equity-method affiliates are included. Reserves data as of December 31, 213, except for INPEX (as of March 31, 214). Production data for the year ended December 31, 213, except for INPEX (for the year ended March 31, 214). Government-owned companies are not included. Occidental (US) ConocoPhillips (US) Total (FR) Chevron (US) Statoil (NO) Exxon Mobil (US) BP (UK) RD Shell (UK, NL) : / ENI (IT) 75 Apache (US) 53 Talisman (CA) Proved reserves (MM boe 26, 25,216 17,996 13,944 13, 12, 11, 1, 9, 8, 7, 6, 5, 4, 3, 2, 1, Exxon Mobil (US) BP (UK) RD Shell (UK, NL) 11,526 Total (FR) 11,23 Chevron (US) 8,921 ConocoPhillips (US) 6,535 ENI (IT) 5,6 Statoil (NO) Occidental (US) 3,483 3,323 BG (UK) 2,792 Anadarko (US) 2,646 Apache (US) 2,532 INPEX Natural gas Oil 1,143 Woodside (AU) 891 Talisman (CA) 62 Santos AU) Operating Data Source: Most recent publicly available information Note: Reserve data as of December 31, 213, except for INPEX (as of March 31, 214), in accordance with SEC regulations. Amounts attributable to equity-method affiliates are included. Government-owned companies are not included. Oil includes unconventional resources such as bitumen and synthetic crude. Santos does not disclose proved reserves by products. : (SEC) Santos Production volume (Thousand boe/day 5, 4,175 3,23 3,199 2,597 2,4 2,299 Natural gas Oil 2,1 1,8 1,5 1, Exxon Mobil (US) BP (UK) RD Shell (UK, NL) Chevron (US) Total (FR) 1,712 Statoil (NO) 1,545 1,537 ConocoPhillips (US) ENI (IT) Anadarko (US) Occidental (US) Apache (US) 633 BG (UK) 49 INPEX Talisman (CA) Woodside (AU) 14 Santos AU) Source: Most recent publicly available information Note: Production data for the year ended December 31, 213, except for INPEX (for the year ended March 31, 214). Production figures are in accordance with SEC regulations. Amounts attributable to equity-method affiliates are included. Government-owned companies are not included. Oil includes unconventional resources such as bitumen and synthetic crude. : (SEC)

16 Operating Data Oil and Reserves Proved reserves 15 INPEX CORPORATION Fact Book 214 Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa (MMbbl) (Bcf)cf Interest in reserves held by equitymethod Americas Subtotal affiliates Total As of March 31, , , ,139 3,782 Extensions and discoveries Acquisitions and sales Revisions of previous estimates () () (77) (5) (5) 1 (1) (75) (4) (8) (14) (83) Interim production (1) (59) (13) (39) (2) (3) () (29) (64) (397) (23) (88) (397) As of March 31, , , ,88 3,346 Extensions and discoveries (2) (1) Acquisitions and sales (12) 6 5 (6) 5 (6) 5 Revisions of previous estimates () (14) (3) (1) (1) Interim production (1) (6) (16) (37) (9) (3) (1) (3) (57) (397) (23) (81) (397) As of March 31, , , ,48 3,3 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,795 Extensions and discoveries 5 5 Acquisitions and sales Revisions of previous estimates (1) Interim production (1) (57) (17) (319) (1) (27) (2) (32) (57) (48) As of March 31, , ,495 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales Revisions of previous estimates () (3) (2) (1) () (2) (3) Interim production () (21) (1) () (22) () As of March 31, As of March 31, , ,97 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,495 Extensions and discoveries Acquisitions and sales (6) (37) 7 (3) (2) (37) Revisions of previous estimates 4 (1) 6 (3) 2 8 (98) Interim production (1) (46) (24) (35) (1) (27) (1) (3) (63) (38) As of March 31, , ,98 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales Revisions of previous estimates 16 (1) (1) 16 Interim production () (2) (23) (2) () (24) (21) As of March 31, As of March 31, , ,451 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,98 Extensions and discoveries 19 5, ,364 Acquisitions and sales (2) (2) Revisions of previous estimates (13) 1 59 (7) 327 Interim production (1) (47) (23) (243) (9) (31) () (26) (64) (316) As of March 31, , ,354 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales Revisions of previous estimates 1 (9) (7) () (6) (9) Interim production () (22) (26) (2) () (27) (23) As of March 31, As of March 31, , ,793 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,354 Extensions and discoveries Acquisitions and sales (24) (698) 9 7 (15) (691) Revisions of previous estimates 7 (1) (92) () Interim production (1) (49) (21) (212) (9) (31) () (24) (63) (284) As of March 31, , ,454 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales 1 1 Revisions of previous estimates (116) (116) Interim production () (19) (27) (27) (19) As of March 31, As of March 31, , ,768 (continued on page 16) 16

17 (continued from page 15) 15 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,454 Extensions and discoveries Acquisitions and sales Revisions of previous estimates () (8) (15) 2 () 7 23 (4) Interim production (1) (46) (17) (217) (1) (31) () (37) (59) (3) As of March 31, , ,157 6,437 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales Revisions of previous estimates (1) (1) 3 (1) 1 (1) Interim production () (15) (3) () () (31) (15) As of March 31, As of March 31, , ,278 6,735 Proved developed reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa (MMbbl) (Bcf)cf Interest in reserves held by equitymethod Americas Subtotal affiliates Total As of March 31, , , ,134 As of March 31, , , ,7 As of March 31, , ,799 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,58 Interest in reserves held by equity-method affiliates As of March 31, INPEX CORPORATION and consolidated subsidiaries As of March 31, ,757 Interest in reserves held by equity-method affiliates As of March 31, INPEX CORPORATION and consolidated subsidiaries As of March 31, ,514 Interest in reserves held by equity-method affiliates As of March 31, INPEX CORPORATION and consolidated subsidiaries As of March 31, ,375 Interest in reserves held by equity-method affiliates As of March 31, INPEX CORPORATION and consolidated subsidiaries As of March 31, ,96 Interest in reserves held by equity-method affiliates As of March 31, * The amount of proved reserves expected to be recovered through existing wells with existing equipment and operating methods * Operating Data Proved undeveloped reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa INPEX CORPORATION and consolidated subsidiaries As of March 31, Interest in reserves held by equity-method affiliates As of March 31, INPEX CORPORATION and consolidated subsidiaries As of March 31, Interest in reserves held by equity-method affiliates As of March 31, INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,84 Interest in reserves held by equity-method affiliates As of March 31, INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,79 Interest in reserves held by equity-method affiliates As of March 31, () INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,341 Interest in reserves held by equity-method affiliates As of March 31, Americas (MMbbl) (Bcf)cf Total

18 Operating Data Oil and Reserves Probable reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa (MMbbl) (Bcf)cf Interest in reserves held by equitymethod Americas Subtotal affiliates Total As of March 31, , , ,61 2,95 As of March 31, , ,21 8, ,274 8,682 As of March 31, , ,487 9, ,63 9,442 As of March 31, , ,434 8, ,476 8,716 As of March 31, , ,358 8, ,393 8,554 As of March 31, , , ,38 As of March 31, , , ,275 As of March 31, , , ,27 Possible reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa (MMbbl) (Bcf)cf Interest in reserves held by equitymethod Americas Subtotal affiliates Total As of March 31, , , ,316 As of March 31, , , ,196 As of March 31, , , ,692 As of March 31, , , ,556 As of March 31, , , ,556 Standardized measure of discounted future net cash flows related to proved oil and gas reserves Total Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa ( million ) As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 8,54, ,449 2,645,392 1,444,92 3,612,733 22,81 Future production and development costs (2,586,449) (143,763) (863,273) (425,72) (1,141,377) (12,964) Future income tax expenses (3,43,774) 121,435 (765,81) (232,138) (2,38,577) (2,823) Future net cash flows 2,523,63 549,251 1,16, , ,779 7,23 1% annual discount for estimated timing of cash flows 1% (1,239,469) (35,57) (386,27) (45,2) (95,95) (1,65) Standardized measure of discounted future net cash 1,283, ,744 63, ,492 66,874 5,373 flows Share of equity-method investees standardized measure of discounted future net cash flows 63,534 37,916 22,981 2,637 As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 1,784,73 879,942 3,55,125 2,3,128 4,792,848 26,3 Future production and development costs (2,693,818) (153,954) (751,518) (487,55) (1,279,92) (2,894) Future income tax expenses (4,882,34) (145,218) (1,11,368) (384,543) (3,339,299) (1,912) Future net cash flows 3,27,915 58,77 1,292,239 1,158,35 173,647 3,224 1% annual discount for estimated timing of cash flows 1% (1,583,464) (31,255) (423,485) (765,939) (82,64) (1,181) Standardized measure of discounted future net cash 1,624,451 27, , ,96 91,43 2,43 flows Share of equity-method investees standardized measure of discounted future net cash flows 77,355 43,219 18,68 15,456 As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 5,89, ,124 1,547, ,338 2,34,41 52,854 Future production and development costs (2,179,952) (141,23) (76,891) (425,575) (876,844) (29,439) Future income tax expenses (1,74,618) (169,144) (341,36) (89,52) (1,98,893) (6,493) Future net cash flows 1,24, , , ,711 58,664 16,922 1% annual discount for estimated timing of cash flows 1% (617,598) (178,323) (172,777) (214,198) (48,74) (3,596) Standardized measure of discounted future net cash 586, , ,745 59,513 9,96 13,326 flows Share of equity-method investees standardized measure of discounted future net cash flows 26,275 12,888 13,476 (89) Americas (continued on page 18) INPEX CORPORATION Fact Book 214

19 (continued from page 17) 17 Total Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa ( million ) As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 6,194, ,648 1,77,919 1,15,581 2,781,641 58,663 Future production and development costs (2,159,84) (128,497) (648,877) (485,115) (87,46) (27,36) Future income tax expenses (2,548,22) (117,21) (449,341) (149,413) (1,82,429) (11,837) Future net cash flows 1,486, ,95 69,71 516,53 91,166 19,52 1% annual discount for estimated timing of cash flows 1% (79,314) (121,312) (189,9) (337,759) (56,669) (4,483) Standardized measure of discounted future net cash 777,77 128,638 42, ,294 34,497 15,37 flows Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,439,84 83,54 1,329,955 25,625 Future production and development costs (59,279) (29,38) (464,24) (15,659) Future income tax expenses (856,117) (19,192) (835,636) (1,289) Future net cash flows 73,688 34,932 3,79 8,677 1% annual discount for estimated timing of cash flows 1% (37,25) (18,384) (16,9) (1,74) Standardized measure of discounted future net cash 36,663 16,548 13,179 6,937 flows 813,74 128, , ,294 47,676 21,974 As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 6,35,23 539,869 1,59,216 1,383,629 2,86,37 3,29 Future production and development costs (1,913,933) (117,393) (449,736) (494,241) (833,128) (19,434) Future income tax expenses (2,686,247) (139,424) (478,851) (179,337) (1,886,511) (2,125) Future net cash flows 1,75,5 283,52 661,63 71,51 86,667 8,65 1% annual discount for estimated timing of cash flows 1% (749,379) (128,557) (174,49) (394,948) (49,389) (1,994) 1,, , ,14 315,13 37,278 6,656 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,397,434 11,144 1,276,469 19,821 Future production and development costs (448,355) (49,888) (39,13) (8,338) Future income tax expenses (866,698) (15,943) (847,664) (3,91) Future net cash flows 82,381 35,314 38,676 8,392 1% annual discount for estimated timing of cash flows 1% (33,395) (15,436) (17,282) (677) 48,986 19,878 21,393 7,715 1,49, ,495 57,17 315,13 58,671 14,37 As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 12,233,12 841,649 6,37,993 1,585,214 3,399,632 35,524 Future production and development costs (3,931,9) (161,211) (2,427,986) (378,658) (94,94) (22,295) Future income tax expenses (4,84,117) (242,127) (1,921,324) (267,983) (2,37,85) (2,597) Future net cash flows 3,497,85 438,311 2,21, ,573 88,66 1,632 1% annual discount for estimated timing of cash flows 1% (2,253,957) (219,41) (1,445,374) (538,165) (47,863) (3,153) 1,243, ,91 576,38 4,48 4,743 7,478 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,495,119 15,683 1,379,368 1,69 Future production and development costs (456,429) (56,512) (394,71) (5,216) Future income tax expenses (954,555) (2,714) (932,82) (1,21) Future net cash flows 84,136 28,457 51,846 3,832 1% annual discount for estimated timing of cash flows 1% (29,669) (11,663) (17,761) (246) 54,466 16,794 34,86 3,586 1,298, ,91 593,13 4,48 74,829 11,65 Total of standardized measure of discounted future net Standardized measure of discounted future net cash Standardized measure of discounted future net cash Total of standardized measure of discounted future net Standardized measure of discounted future net cash Standardized measure of discounted future net cash Total of standardized measure of discounted future net cash flows flows flows cash flows flows flows cash flows Americas Operating Data (continued on page 19)

20 Operating Data Oil and Reserves (continued from page 18) 18 Total Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa ( million ) As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 12,788,34 96,873 6,238,258 1,72,492 3,736, ,658 Future production and development costs (4,119,855) (176,39) (2,242,999) (438,236) (1,188,643) (73,669) Future income tax expenses (5,57,27) (277,685) (2,78,271) (265,673) (2,417,554) (18,87) Future net cash flows 3,61,99 56,879 1,916, ,583 13,557 57,93 1% annual discount for estimated timing of cash flows 1% (2,264,436) (244,27) (1,369,592) (545,223) (8,178) (25,172) Standardized measure of discounted future net cash flows 1,346, ,69 547, ,359 5,379 32,731 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,696, ,545 1,47,87 57,537 Future production and development costs (566,833) (76,271) (446,72) (44,49) Future income tax expenses (974,897) (47,627) (925,68) (1,662) Future net cash flows 155,159 44,647 99,127 11,385 1% annual discount for estimated timing of cash flows 1% (63,444) (31,381) (28,798) (3,265) Standardized measure of discounted future net cash flows 91,715 13,266 7,33 8,119 Total of standardized measure of discounted future net cash flows 1,438, ,69 56, ,359 12,78 4,85 As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 17,341,495 1,216,7 6,1,999 1,83,647 8,114, ,157 Future production and development costs (5,214,355) (232,16) (2,22,74) (475,798) (2,43,435) (53,942) Future income tax expenses (7,756,3) (39,578) (1,791,151) (294,24) (5,27,57) (9,589) Future net cash flows 4,371, ,16 2,197,774 1,6, ,5 14,627 1% annual discount for estimated timing of cash flows 1% (2,724,139) (353,477) (1,399,641) (638,328) (31,93) (3,79) Standardized measure of discounted future net cash flows 1,646,972 24, , , ,146 73,837 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,52, ,531 1,283,45 46,694 Future production and development costs (559,626) (1,52) (422,426) (36,681) Future income tax expenses (87,541) (37,642) (768,867) (1,32) Future net cash flows 135,58 34,369 92,158 8,981 1% annual discount for estimated timing of cash flows 1% (34,528) (18,128) (13,834) (2,566) Standardized measure of discounted future net cash flows 1,98 16,242 78,324 6,414 Total of standardized measure of discounted future net cash flows 1,747,952 24, , ,316 19,471 8,252 Americas Notes: 1. The reserves cover most of the INPEX Group projects including the equity-method affiliates. The reserves from the year ended March 31, 27 to the year ended March 31, 21 were evaluated by DeGolyer & MacNaughton, and from the year ended March 31, 211, the reserves of projects which are expected to be invested a large amount and affect the Company s future results materially are evaluated by DeGolyer & MacNaughton, and the others are done internally. 2. Proved reserves are evaluated in accordance with SEC regulations. 3. Probable reserves are the sum of proved reserves and probable reserves evaluated in accordance with SPE/WPC/AAPG/SPEE guideline Petroleum Resources Management System 27 (PRMS) approved in March 27 after deduction of proved reserves evaluated in accordance with SEC regulations. Probable reserves as of March 31, 27 are evaluated in accordance with the guideline established by SPE and WPC (1997 SPE/WPC). Probable reserves include reserves of bitumen. 4. Possible reserves are evaluated in accordance with PRMS. Possible reserves also include reserves of bitumen. 5. Disclosure details for the standardized measure of discounted future net cash flows related to proved oil and gas reserves and movements during the fiscal year under review are presented in accordance with the rules and regulations stipulated by the U.S. Financial Accounting Standards Board, and are reported in accordance with Accounting Standard Codification Topic 932 Extractive activities Oil and. In calculating the standardized measure of discounted future net cash flows, the period average of oil and gas prices at the first day of each month as well as period-end costs are applied to the estimated annual future production from proved reserves to determine future cash inflows. Future development costs are estimated based upon constant price assumptions and assume the continuation of existing economic, operating and regulatory conditions. Future income taxes are calculated by applying the period-end statutory rate to estimated future pretax cash flows after provision for taxes on the cost of oil and natural gas properties based upon existing laws and regulations. The discount is computed by applying a 1% discount factor to the estimated future net cash flows. 6. includes condensate and LPG. 7. The exchange rates as of March 31, 27, 28, 29, 21, 211, 212, 213 and 214 are the TTM rate of 118.9, 1.2, 98.26, 93.4, 83.15, 82.14, and per U.S.$, respectively. 8. The figures in these tables include minority interests. : DeGolyer & MacNaughton211 3 DeGolyer & MacNaughton 2.SEC 3. SPEWPCAAPG SPEE4Petroleum Resources Management System 27(PRMS) SEC 27 3SPEWPC(1997 SPE/WPC) 4. PRMS % 6. LPG , 93.99, INPEX CORPORATION Fact Book 214

21 Changes in the standardized measure of discounted future net cash flows related to proved oil and gas reserves INPEX CORPORATION and consolidated subsidiaries Standardized measure, beginning of period (As of April 1, 26 Changes resulting from: Sales and transfers of oil and gas produced, net of production costs Total Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa Americas ,27, ,76 639,933 36,24 69,84 7,232 49,262 (6,439) 39,664 11,75 4, Net change in prices and production costs 276,89 28,61 112,953 37,547 96, Development cost incurred 142,896 6,394 94,382 29,699 1,664 1,757 Changes in estimated development costs (78,64) (15,72) (25,211) (16,33) (18,852) (2,86) Revisions of previous quantity estimates (571,647) (34,545) (281,95) (98,71) (154,175) (3,131) Accretion of discount 5,355 38,855 (58,98) 1,897 14, Net change in income taxes 11,795 2,868 53,66 5,63 4,344 (77) Extensions, discoveries and improved recoveries 53,89 53,89 Other 33,4 (23,994) 54,85 (2,671) 4, Standardized measure, end of period and beginning of period (As of March 31 and April 1, 27) Changes resulting from: ,283, ,744 63, ,492 66,874 5,373 Sales and transfers of oil and gas produced, net of production costs (628,569) (4,219) (297,2) (127,112) (16,676) (3,542) Net change in prices and production costs 1,935, ,166 64, , ,36 (2,579) Development cost incurred 181,584 1,77 11,134 53,539 15,325 1,59 Changes in estimated development costs (9,54) (15,295) (15,745) (77,487) 2,149 (2,126) Revisions of previous quantity estimates (43,723) (4,232) (49,365) 34,272 (26,786) 2,388 Accretion of discount 264,348 29,488 19,146 39,421 85, Net change in income taxes (1,5,154) (23,532) (179,165) (12,479) (79,66) 628 Extensions, discoveries and improved recoveries 38,369 38,417 (48) Other (31,869) (4,682) (19,326) (169,735) 9,112 (238) Standardized measure, end of period and beginning of period (As of March 31 and April 1, 28) Changes resulting from: ,624,451 27, , ,96 91,43 2,43 Sales and transfers of oil and gas produced, net of production costs (812,293) (5,382) (428,573) (113,727) (217,34) (2,271) Net change in prices and production costs (2,324,615) (77,468) (815,64) (47,345) (1,24,751) 589 Development cost incurred 146,89 7,611 82,634 45,12 9,333 2,129 Changes in estimated development costs (143,921) 6,76 (63,952) (26,211) (61,675) 1,157 Revisions of previous quantity estimates 136,571 (6,536) 1,1 46,28 (8,1) 4,899 Accretion of discount 358,52 32, ,413 45, , Net change in income taxes 1,51,591 (15,22) 459,898 57,27 1,11,337 (2,469) Extensions, discoveries and improved recoveries 6,488 6,488 Other 84,865 9,372 (22,79) 21,192 76, Standardized measure, end of period and beginning of period (As of March 31 and April 1, 29) Changes resulting from: ( million ) Equity-method affiliates 613, , ,745 59,513 9,96 13,326 26,275 Sales and transfers of oil and gas produced, net of production costs (477,438) (37,617) (21,573) (27,132) (98,361) (6,986) (15,769) Net change in prices and production costs 1,257,233 (7,134) 331, ,126 46,172 8,39 341,944 Development cost incurred 127,421 3,114 86,32 13,568 13, ,19 Changes in estimated development costs (61,67) (3,552) (11,651) (47,379) 1,322 (537) 189 Revisions of previous quantity estimates 71,242 (1,55) 36,272 18,28 26,364 3,395 (11,761) Accretion of discount 187,995 24,938 52,928 1,177 56,68 1,56 41,765 Net change in income taxes (753,861) 2,376 (95,799) (27,639) (431,991) (4,313) (214,494) Extensions, discoveries and improved recoveries Other (15,983) 15,114 (14,624) (5,968) (2,781) (128) (52,595) Operating Data (continued on page 21)

22 Operating Data Oil and Reserves (continued from page 2) 2 INPEX CORPORATION and consolidated subsidiaries Standardized measure, end of period and beginning of period (As of March 31 and April 1, 21) Changes resulting from: Total Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa ( million ) Equity-method affiliates Americas 813,74 128,638 42, ,294 34,497 15,37 36,663 Sales and transfers of oil and gas produced, net of production costs (58,519) (19,129) (28,617) (48,858) (124,814) (3,314) (13,787) Net change in prices and production costs 797,8 59, ,991 17, ,87 (2,782) 154,364 Development cost incurred 134,197 1,721 63,518 51,787 8, ,418 Changes in estimated development costs (27,919) (15) 78 (27,861) 6, (7,741) Revisions of previous quantity estimates 62,352 6,43 (16,484) 56,464 4,59 1,615 1,124 Accretion of discount 63,93 1,478 29,153 17,841 2, ,191 Net change in income taxes (2,877) (18,722) (5,824) (14,988) (7,871) 2,676 (48,148) Extensions, discoveries and improved recoveries 2,146 (6,198) 14,19 (5,846) Other (86,445) (13,661) (44,791) (18,98) (3,541) (1,446) (4,98) Standardized measure, end of period and beginning of period (As of March 31 and April 1, 211) Changes resulting from: ,49, , ,14 315,13 37,278 6,656 48,986 Sales and transfers of oil and gas produced, net of production costs (648,71) (32,415) (27,764) (61,17) (144,52) (2,498) (137,864) Net change in prices and production costs 874,831 18,573 (12,363) 179,668 37,315 (2,13) 23,767 Development cost incurred 115, ,591 59,592 14, ,55 Changes in estimated development costs (116,174) 2,649 (123,979) 16,381 (3,522) (2,129) (5,573) Revisions of previous quantity estimates 177,545 11,62 323,612 (115,612) (2,592) 7,315 (46,78) Accretion of discount 89,588 13,717 35,257 32,49 3, ,94 Net change in income taxes (323,253) (38,653) 16,145 (22,266) (229,239) (275) (48,964) Extensions, discoveries and improved recoveries 91,841 96,623 (4,782) Other (12,771) (1,894) (5,953) (3,84) (453) (36) (595) Standardized measure, end of period and beginning of period (As of March 31 and April 1, 212) Changes resulting from: ,298, ,91 576,38 4,48 4,743 7,478 54,466 Sales and transfers of oil and gas produced, net of production costs (94,376) (51,736) (35,624) (79,754) (219,353) (2,99) (2,) Net change in prices and production costs 41,698 28, ,985 (4,912) (94,7) (633) (34,4) Development cost incurred 292,3 1,439 2,14 58,771 18,513 2,193 1,984 Changes in estimated development costs (113,146) 77 (11,257) (26,155) (74,59) (2,47) 827 Revisions of previous quantity estimates (58,467) 6,794 (29,58) 11, ,63 3,592 74,757 Accretion of discount 146,696 21,769 67,945 46,6 4, ,982 Net change in income taxes 494,588 4,778 88,362 24,74 234,733 (827) 142,83 Extensions, discoveries and improved recoveries 53,39 23,962 29,77 Other 187,837 31,581 83,63 57,816 5,878 1,75 7,858 Standardized measure, end of period and beginning of period (As of March 31 and April 1, 213) Changes resulting from: ,438, ,69 547, ,359 5,379 32,731 91,715 Sales and transfers of oil and gas produced, net of production costs (94,35) (64,83) (37,85) (87,312) (24,554) (5,615) (234,26) Net change in prices and production costs (767,958) (67,1) (37,213) (47,267) (249,342) (1,478) (32,656) Development cost incurred 53, ,559 49,61 31,463 27,595 17,74 Changes in estimated development costs (49,289) (4,216) 9,2 (19,356) (21,58) (2,474) (1,737) Revisions of previous quantity estimates 857,625 48,174 99,41 (32,763) 724,45 6,518 11,837 Accretion of discount 176,596 24,516 83,13 48,498 5,944 5,756 8,779 Net change in income taxes 389,751 16,311 38,17 14,459 (196,868) 7, ,886 Extensions, discoveries and improved recoveries 3,398 3,398 Other 136,61 24,95 51,511 43,87 4,786 3,11 8,714 Standardized measure, end of period (As of March 31, 214) * The exchange rates as of March 31, 27, 28, 29, 21, 211, 212, 213 and 214 are the TTM rate of 118.9, 1.2, 98.26, 93.4, 83.15, 82.14, and per U.S.$, respectively. Notes: 1. Disclosure items of proved reserves are based on the U.S. Statement of Financial Accounting Standards No.69 through the year ended March 31, 29. Since the year ended March 31, 21, Accounting Standard Codification Topic 932 Extractive activities Oil and. 2. The figures in these tables include minority interests. 1,747,952 24, , , ,146 73,837 1,98 * : (Statement of Financial Accounting Standards No.69) INPEX CORPORATION Fact Book 214

23 Oil and Net Production** Oil / Condensate / LPGLPG (Thousand bbl/day 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa Americas Subtotal Proportional interest in production by equitymethod affiliates Total Annual production (MM bbl) (Thousand bbl/day /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Natural gas (MMcf/day cf 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa Americas Subtotal 1,51.1 1,88.8 1,9. 1, , Proportional interest in production by equitymethod affiliates Total 1,51.1 1,88.8 1,9. 1, , Annual production (Bcf) cf (MMcf/day cf 1,2 1,51.1 1,88.8 1,9. 1, ,12.5 1, /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Operating Data and natural gas (Thousand boe/day 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa Americas Subtotal Proportional interest in production by equitymethod affiliates Total Annual production (MM boe) (Thousand boe/day /3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 * The production volume under the production sharing contracts entered into by the INPEX Group corresponds to the net economic take of the Group. Calculation of the conversion factor from gas to oil equivalent was altered from the year ended March 31, 212. *

24 Operating Data Sales Volume* * (Thousand bbl 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Japan Thousand kl kl Asia & Oceania 13,234 13,445 12,958 15,295 18,4 15,355 19,341 12,151 Eurasia (Europe & NIS) NIS 16,39 19,69 8,664 11,556 9,56 9,17 9,177 8,697 Middle East & Africa 53,47 52,177 52,641 47,293 48,396 56,84 57,21 57,42 Americas ,743 1, Total 83,276 85,716 75,427 76,95 76,651 8,738 86,189 79,171 Average unit price of kl 45,694 62,225 65,829 41,47 49,957 6,263 64,27 67,817 domestic production ( /kl) Average unit price of overseas production (U.S.$/bbl) (Thousand bbl 1, 83,276 85,716 8, 75,427 76,95 76,651 8,738 86,189 79,171 6, 4, 2, 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Natural gas (excluding LPG)LPG (MMcf cf) 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Japan 47,495 61,846 6,629 61,459 64,253 65,62 65,429 67,16 (Million m 3 ) m 3 1,273 1,657 1,625 1,647 1,722 1,758 1,753 1,798 Asia & Oceania 318,413 31,458 31, ,364 36, , , ,771 Eurasia (Europe & NIS) NIS Middle East & Africa Americas ,777 29,73 3,861 3,334 27,382 29,912 4,24 Total 366,8 42,81 41,76 416,684 41, ,61 318, ,117 Average unit price of domestic sales ( /m3) Average unit price of overseas production (U.S.$/thousand cf) m cf (MMcf cf) 5, 4, 3, 2, 1, 366,8 42,81 41,76 416,684 41, ,61 318, ,117 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 LPG (Thousand bbl 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Japan (Thousand tons) Asia & Oceania 1,166 1,366 1,876 3,164 3,258 3,213 3,659 2,937 Eurasia (Europe & NIS) NIS Middle East & Africa Americas Total 1,351 1,549 2,67 3,377 3,487 3,436 3,87 2,944 Average unit price of domestic production ( /kg) Average unit price of overseas production (U.S.$/bbl) kg (Thousand bbl 4, 3,87 3,487 3,377 3,436 3, 2,944 2,67 2, 1,549 1,351 1, 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 * Countries and areas are shown by segment. * 23 INPEX CORPORATION Fact Book 214

25 Business Investment / Others Capital expenditures ( million 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Oil and gas development expenditures* 1 * 1 185, , ,35 22,35 187,28 21, , ,73 Capital expenditures for gas infrastructure and 19,46 23,651 23,891 46,696 21,233 36,921 22,63 37,243 others Total* 2 * 2 25, ,61 259, ,731 28, ,37 599, ,947 *1 Oil and gas development expenditures include amounts equivalent to development costs under production sharing contracts and booked as investment account (recoverable accounts under production sharing), and other expenditures as well as capital expenditures booked as tangible fixed assets. *2 The total includes the Company s portion of investments in major affiliates accounted for by the equity-method, such as Ichthys LNG Pty Ltd from the year ended March 31, 212. *1 ( ) * Ichthys LNG Pty Ltd Oil and gas exploration expenditures and acquisition costs ( million 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Exploration expenditures 3,544 64,746 48,653 32,995 32,53 32,814 53,983 71,1 Exploration cost equivalent amount in exploration expenditures* * 26,838 57,785 46,11 3,332 26,563 27,81 47,78 37,399 Acquisition costs 1,144 17,979 1, , ,33 43,646 Total 31,688 82,726 59,57 33,686 6,976 33, , ,648 * Exploration expenses + Provision for allowance for recoverable accounts under production sharing + Provision for exploration projects The difference between Exploration expenditures and Exploration cost equivalent amount in exploration expenditures includes exploration expenditures expended in the development and production projects under production sharing contracts, and others. Oil and gas exploration and development expenditures (by segment)* * * ( million 98, 84, 87, ,352 Operating Data ( million 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Japan 11,318 12,836 8,139 7,569 4,468 1,51 2,26 4,455 Asia & Oceania 112,943 17, ,39 127, , , ,74 778,965 Eurasia (Europe & NIS) NIS 7,679 77,442 6,189 68,74 93,7 61,357 53,418 59,823 Middle East & Africa 19,843 25,43 32,915 25,326 23,795 19,322 42,3 66,631 Americas 2,862 29,49 21,81 6,799 1,743 17, ,628 59,476 Total 217, , , , ,4 243,531 87, ,352 * Including acquisition costs * 7, 56, 42, 28, 14, 315, , , , ,4 243,531 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Depreciation equivalent amount ( million 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Depreciation and amortization 3,599 36,181 42,966 4,354 54,245 48,26 51,915 5,916 Recovery of recoverable accounts under production sharing (capital expenditures) 15,949 92,147 45,724 45,653 5,816 53,543 54,86 67,73 Amortization of goodwill 6,977 6,616 6,76 6,759 6,76 6,76 6,76 6,76 Total 143, ,944 95,45 92, ,821 18,33 112, ,75 Analysis of recoverable accounts under production sharing ( million 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Balance at beginning of the year 295,75 319, , , , ,33 568,318 59,565 Add: Exploration costs 9,791 27,459 23,643 1,84 23,99 25,32 22,43 42,85 Development costs 16, ,2 16, ,28 12, ,762 13, ,233 Operating expenses 46,683 52,697 55,929 54,938 43,819 5,54 53,919 73,179 Other 16 2,67 2,819 4,51 5,11 9,386 Less: Cost recovery (capital expenditures) 15,949 92,147 45,724 45,653 5,816 53,543 54,86 67,73 Cost recovery (operating expenditures) 86,319 16,47 14,847 17,74 95,665 98,869 17, ,671 Other , ,459 17,237 27,79 4,716 Balance at end of the year 319, , , , ,33 568,318 59, ,99 Allowance for recoverable accounts under production sharing at end of the year 51,19 71,445 87,828 94,891 96,879 1, ,87 123,

26 Financial Data Consolidated Balance Sheet million 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Assets Current assets 1. Cash and deposits ,278 24, , ,89 112, ,93 483,814 65, Accounts receivable trade 2. 81,954 12,948 73,54 88,364 95, , ,411 11, Marketable securities 3. 55, ,73 149,57 213,4 27, , ,642 21, 4. Inventories 4. 13,254 19,716 18,25 12,322 12,137 11,977 15,49 25, Deferred tax assets 5. 17,242 11,236 6,144 5,355 9,45 18,692 1,111 7, Accounts receivable other 6. 81,688 83,436 37,871 43,16 57,32 71,911 94, ,12 7. Other 7. 3,129 9,54 8,474 1,824 12,5 24, ,71 41,912 Less allowance for doubtful accounts (11) (58) (28) (22) (13,141) (13,13) (14,919) (17,643) Total current assets 474, ,11 411,11 492, ,932 98,72 1,16,54 1,14,24 Fixed assets 1. Tangible fixed assets 1. (1) Buildings and structures (1) 13,91 112,291 11, , ,54 17,3 12, ,936 (2) Wells (2) 17,597 19,893 22,8 18,193 28,64 26,827 19,777 25,348 (3) Machinery, equipment and vehicles (3) 44,356 49,1 47,352 45,728 58,227 54,462 71, ,898 (4) Land (4) 28,31 28,386 2,752 2,789 2,77 2,7 19,56 19,736 (5) Construction in progress (5) 22,55 28,72 76,818 91,447 75,77 167, , ,52 (6) Other (6) 3,366 16,187 28,971 54,335 79,189 7,257 11,33 21,339 Total tangible fixed assets 219, , , ,94 379, , , , Intangible assets 2. (1) Goodwill (1) 132,15 121, ,883 18,122 11,362 94,61 87,84 81,8 (2) Exploration and development rights (2) 127,11 12, ,566 17, , ,7 118, ,621 (3) Mining rights (3) 4,364 18,843 18,592 18,154 17,554 16, , ,411 (4) Other (4) 2,24 4,815 4,638 5,7 4,966 4,216 6,266 11,65 Total intangible assets 265, ,48 253,68 239,25 249,11 233,317 38, , Investments and other assets 3. (1) Investment securities (1) 354,851 36, ,698 43, , , , ,47 (2) Long-term loans receivable (2) 3,388 9,361 14,195 18,641 13,979 48,19 7,263 33,91 (3) Long-term time deposits (3) 287, ,13 (4) Recoverable accounts under production sharing (4) 319, , , , ,33 568,318 59, ,99 (5) Deferred tax assets (5) 2,618 26,14 24,563 27,213 3,554 4,76 13,821 (6) Other (6) 34,879 31,279 65,926 72, ,34 115,141 65,433 61,159 Less allowance for doubtful accounts (1,869) (911) (528) (64) (27) (715) (793) (885) Less allowance for recoverable accounts under production sharing (51,19) (71,445) (87,828) (94,891) (96,879) (1,671) (112,87) (123,483) Less allowance for investments in exploration (1,273) (9,963) (1,97) (15,248) (13,78) (6,28) (5,119) (3,226) Total investments and other assets 648, ,827 85, ,624 1,558,474 1,54,679 1,544,957 1,56,977 Total fixed assets 1,133,982 1,242,789 1,356,934 1,52,923 2,187,447 2,157,695 2,59,654 2,897,935 Total assets 1,68,16 1,87,9 1,768,44 2,13,778 2,68,379 3,66,397 3,616,158 4,38,139 Liabilities Current liabilities 1. Accounts payable trade 1. 21,793 22,582 11,873 16,61 23,441 3,228 41,41 46, Short-term loans 2. 5,649 19,274 27,816 4,872 4,441 4,81 8,56 21, Income taxes payable 3. 85, ,523 7,419 86, ,11 139, ,681 91, Accounts payable other 4. 88, ,55 65,44 81,211 83,39 133, , ,94 5. Provision for exploration projects 5. 6,899 1,786 7,948 15,324 9,537 5,551 26,856 9, Accrued bonuses to officers Asset retirement obligations 7. 3,686 3,337 3,812 2, Other 8. 12,799 29,44 22,427 23,228 17,83 51,498 48,33 71,521 Total current liabilities 266, ,285 26,59 227,95 254, , , ,67 Long-term liabilities 1. Long-term debt ,32 174, ,43 235,51 268,76 313, ,98 561, Deferred tax liabilities 2. 38,994 44,296 28,171 27,139 36,517 43,178 34,987 54, Accrued retirement benefits to employees 3. 8,371 8,645 8,545 7,585 6,979 6,34 8,58 4. Accrued retirement benefits to officers 4. 1, Provision for loss on business 5. 3,75 6, Liabilities for site restoration and decommissioning costs 6. 11,93 12,728 14,192 14, Liabilities for losses on development activities 7. 1,964 1,964 1,964 1, Accrued special repair and maintenance Net defined benefit liability 9. 7, Asset retirement obligations 1. 8,965 9,84 13,581 25, Other ,216 8,369 6,655 1,697 2,156 8,838 Total long-term liabilities 261, ,82 199, , , ,361 53, ,432 Total liabilities 528,9 569,88 45, , , ,24 945,174 1,42,12 Net assets Shareholders equity 1. Common stock 1. 3, 3, 3, 3, 29,89 29,89 29,89 29,89 2. Capital surplus , , , , , , , , Retained earnings 3. 57,12 718, , ,744 1,47,431 1,219,526 1,375,16 1,532, Treasury stock 4. (1,18) (2,215) (5,248) (5,248) (5,248) (5,248) (5,248) (5,248) Total shareholders' equity 1,17,53 1,164,894 1,288,62 1,379,974 2,12,28 2,184,375 2,339,956 2,497,725 Accumulated other comprehensive income 1. Unrealized holding gain (loss) on securities 1. 9,348 (7,468) (6,817) 12,351 1,455 6,952 34,741 44, Unrealized gain (loss) from hedging instruments () 4,118 16,243 (17,578) 3. Translation adjustments 3. 2,25 (6) (1,121) (4,826) (16,847) (16,195) 9,35 266,224 Total accumulated other comprehensive income 11,391 (7,524) (16,939) 7,525 (15,391) (5,124) 141, ,382 Minority interests 51,121 81,442 9,938 13,13 1, , ,691 24,928 Total net assets 1,8,16 1,238,812 1,362,6 1,49,63 2,97,382 2,314,193 2,67,983 2,996,36 Total liabilities and net assets 1,68,16 1,87,9 1,768,44 2,13,778 2,68,379 3,66,397 3,616,158 4,38, INPEX CORPORATION Fact Book 214

27 Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated Statement of Income million 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Net sales 969,712 1,22,965 1,76,164 84, ,8 1,186,731 1,216,533 1,334,625 Cost of sales 343,794 39, ,38 298, , , ,326 49,416 Gross profit 625, ,41 757, ,259 68, ,288 79,26 844,29 Exploration expenses 17,688 34,95 25,982 15,71 12, 11,747 2,124 28,25 Selling, general and administrative expenses 49,152 64,14 67,877 64,88 66,54 7,184 76,634 82,392 Operating income 559,77 714, , , ,742 79, , ,61 Other income 1. Interest income 1. 12,843 1,984 9,535 4,353 4,11 4,399 8,734 17, Dividend income 2. 2,291 5,439 12,338 9,476 5,721 6,993 7,832 9, Gain on sales of marketable securities 3. 1, Gain on sales of investment securities 4. 25, Equity in earnings of affiliates 5. 1,349 1, ,933 6, Gain on change in equity 6. 3, Gain on transfer of mining rights 7. 33,533 7,333 7,26 5, Net gain on re-determination of unitized field 8. 4,5 9. Net gain on taking effect of exploration and production agreement 9. 3, Foreign exchange gain 1. 5,738 2, Other 11. 4,322 4,666 9,214 7,643 5,432 13,79 6,477 13,79 Total other income 6,79 33,89 32,34 21,473 31,176 12,82 98,666 5,734 Other expenses 1. Interest expense 1. 12,389 1,887 3,934 1,274 1,73 1,227 1,518 2, Equity in losses of affiliates 2. 1,919 1,41 5,53 3. Provision for allowance for doubtful accounts 3. 9, Provision for allowance for recoverable accounts under production sharing 4. 6,176 2,586 16,642 6,28 11,481 14,816 15,131 8,28 5. Provision for exploration projects 5. 2,973 3,14 3,386 8,594 3, ,452 1, Provision for investments in exploration 6. 5,48 7. Loss on valuation of investment securities 7. 21,349 31, Loss on adjustment for changes of accounting 8. standard for asset retirement obligations 1, Foreign exchange loss 9. 14,57 13,263 11,539 14,64 3,55 4, Loss on business withdrawal 1. 5, Other ,355 5,572 8,81 4,624 14,466 7,827 13,769 13,44 Total other expenses 32,893 61,51 79,134 41,113 52,331 44,4 73,968 34,266 Ordinary income 586, , , ,27 58, ,38 718,146 75,77 Income before income taxes and minority interests 586, , , ,27 58, ,38 718,146 75,77 Income taxes current 432, , , , ,82 543, ,27 514,15 Income taxes deferred (19,655) (5,52) (17,883) 2,132 1,614 (6,223) (9,932) 49,121 Income before minority interests 139,89 23,15 188,87 186,941 Minority interests 7,932 21, ,691 11,19 36,14 5,99 3,25 Net income 165,91 173, ,62 17,21 128, , 182, ,69 Financial Data Consolidated Statement of Comprehensive Income million 211/3 212/3 213/3 214/3 Income before minority interests 139,89 23,15 188,87 186,941 Other comprehensive income Unrealized holding gain (loss) on securities (1,95) 5,498 27,787 9,981 Unrealized gain (loss) from hedging instruments 4,118 16,769 (2,887) Translation adjustments (11,516) 2,82 15, ,311 Share of other comprehensive income of associates accounted for by the equity-method (2,716) (1,134) (1,577) (6,674) Total other comprehensive income (25,183) 1, , ,731 Comprehensive income 114,76 24, , ,672 Total comprehensive income attributable to: Shareholders of INPEX CORPORATION 15,782 24, , ,737 Minority interests 8,923 36,41 8,119 9,

28 Financial Data Consolidated Statement of Cash Flows million 27/3 28/3 29/3 21/3 211/3 212/3 213/3 214/3 Cash flows from operating activities Income before income taxes and minority interests 586, , , ,27 58, ,38 718,146 75,77 Depreciation and amortization 3,599 36,181 42,966 4,354 54,245 48,26 51,915 5,916 Amortization of goodwill 6,977 6,616 6,76 6,759 6,76 6,76 6,76 6,76 Loss on adjustment for changes of accounting standard for asset retirement obligations 27 INPEX CORPORATION Fact Book 214 1,555 Provision for allowance for doubtful accounts 12,924 Provision for allowance for recoverable accounts under production sharing 6,8 21,26 2,31 7,43 15,32 18,99 16,353 14,882 Provision for exploration projects 3,38 3,937 (2,319) 7,36 (5,442) (3,915) 21,132 (17,318) Provision for accrued retirement benefits to employees (96) (92) (592) (637) 2,285 Provision for site restoration and decommissioning costs 1, , Other provisions 1,376 (2,376) 3,468 4,484 (1,461) (25) 5,546 5,24 Net defined benefit liability (776) Interest and dividend income (15,134) (16,423) (21,873) (13,829) (9,832) (11,393) (16,567) (26,691) Interest expense 12,389 1,887 3,934 1,274 1,73 1,227 1,518 2,335 Foreign exchange loss (gain) (1,652) 1,35 1,86 2,379 (3,14) 5,334 16,329 14,15 Equity in (earnings) losses of affiliates (1,349) (1,764) (946) 1,919 (4,933) (6,638) 1,41 5,53 Gain on transfer of mining rights (33,533) (7,333) (7,26) (5,173) Loss (gain) on sales of investment securities 2, (81) (25,449) Loss on valuation of investment securities 21,349 31,798 Recovery of recoverable accounts under production sharing (capital expenditures) 15,949 92,147 45,724 45,653 5,816 53,543 54,86 67,73 Recoverable accounts under production sharing (operating expenditures) (18,955) (26,52) (27,2) (14,996) (17,368) (21,41) (21,79) (6,491) Accounts receivable trade (1,385) (39,392) 44,199 (14,638) (11,375) (23,816) 2,795 6,276 Inventories (8,85) (2,274) 2,347 5,844 (222) 194 (3,231) (1,13) Accounts payable trade (879) 481 (9,824) 4,718 7,277 6,561 11,29 5,413 Accounts receivable other (16,985) 27,557 (9,67) 7,693 (19,773) 4,99 (35,287) Accounts payable other 21,89 (47,812) 13,669 9,698 4,942 (9) (18,142) Advances received 1,351 4,229 (1,12) (2,489) 23,89 (24,636) 2,168 Other (3,81) 7,156 (6,489) 3,357 (594) 369 3,91 (5,247) Subtotal 663, , , , , , ,96 756,118 Interest and dividends received 2,559 17,514 21,257 16,169 13,79 16,996 19,652 26,932 Interest paid (11,993) (11,57) (4,8) (1,734) (747) (943) (1,344) (2,381) Income taxes paid (44,146) (456,86) (53,789) (35,198) (349,526) (51,742) (54,868) (567,156) Net cash provided by operating activities 231, ,994 23, , ,93 32, , ,513 Cash flows from investing activities Payments for time deposits (17,78) (2,764) (6,463) (9,925) (493) (88,771) (299,46) (211,332) Proceeds from time deposits 2,797 18,996 4,497 8,43 3,849 6,64 134, ,248 Payments for long-term time deposits (53,5) (252,82) (484,8) Proceeds from long-term time deposits 5, 13,757 Payments for purchases of tangible fixed assets (37,844) (59,465) (88,611) (87,549) (84,235) (68,317) (189,153) (323,65) Proceeds from sales of tangible fixed assets , Payments for purchases of intangible assets (1,778) (2,12) (2,864) (991) (2,535) (1,367) (4,256) (6,17) Payments for purchases of marketable securities (5,14) (39,948) (19,82) (11,731) (4,9) (17,79) Proceeds from sales and redemptions of marketable securities 23,643 51, ,451 11,32 112, 136, , ,451 Payments for purchases of investment securities (19,823) (112,378) (137,447) (156,264) (724,634) (238,567) (9,83) (24,637) Proceeds from sales and redemptions of investment securities 43, ,53 1,846 2,672 7,92 62,433 Investment in recoverable accounts under production sharing (capital expenditures) (111,313) (131,59) (18,294) (91,65) (77,864) (82,915) (82,695) (14,73) Decrease (increase) in short-term loans receivable (6,523) 1, ,569 3,758 (85) (4,187) Long-term loans made (832) (7,452) (5,895) (7,521) (1,134) (38,94) (141,222) (37,158) Collection of long-term loans receivable ,6 119,238 75,464 Payments for purchase of mining rights (15,886) (28,44) (176,231) (42,733) Proceeds from transfer of mining rights 6,77 27,89 7,333 71,486 56,799 Other 2,49 (529) (5,68) (7,86) 2,424 (1,252) 11,5 11,438 Net cash used in investing activities (29,243) (261,766) (24,167) (251,812) (844,511) (28,864) (489,87) (395,555) Cash flows from financing activities Proceeds from issuance of common stock 521,619 Increase (decrease) in short-term loans (12) (5) 2,933 (2,121) (4) 991 2,69 Proceeds from long-term debt 3,83 4,784 12,4 18,62 56,285 5, ,571 74,742 Repayment of long-term debt (38,661) (67,745) (66,364) (5,283) (4,712) (4,316) (4,681) (7,759) Proceeds from minority interests for additional shares 3,66 8,344 9,369 4,74 6,418 9,723 55,852 1,289 Purchase of treasury stock (1,169) (1,14) (3,48) Proceeds from sales of treasury stock 22,397 Cash dividends paid (1,791) (24,718) (18,833) (15,36) (18,1) (21,922) (27,385) (25,934) Dividends paid to minority shareholders (81) (737) (81) (2,972) (13,45) (4,991) (4,991) (4,991) Stock transfer payment (867) () Restricted cash deposit 9,4 Other (16) (145) (92) (71) (4,286) (74) Net cash provided by (used in) financing activities 13,793 (45,228) (46,9) 68, ,57 29, ,69 48,961 Effect of exchange rate changes on cash and cash equivalents 1,741 (24,147) (3,519) (4,947) (12,15) (2,663) 51,498 5,752 Net increase (decrease) in cash and cash equivalents 38,273 32,853 (59,425) 53,55 (34,374) 66,458 (48,956) (82,327) Cash and cash equivalents at beginning of the year 151, , , , , ,25 249, ,858 Increase in cash and cash equivalents from newly consolidated subsidiary Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation (858) Cash and cash equivalents at end of the year 189, , , , ,25 249, , ,53

29 Corporate Information As of March 31, Company Name: INPEX CORPORATION Established: April 3, Capital: 29,89,835, 2, , Company Headquarters: Akasaka Biz Tower, Akasaka, Minato-ku, Tokyo , Japan Biz Number of Employees (Consolidated): 2,874 2,874 Stock data Authorized Shares: 3,6,, common stocks* 1, 1 Class A Stock : 3,6,, * 1 1 Total Number of Shareholders and Issued Shares Common stocks: 39,546 shareholders / 1,462,323,6 shares* 1 : 39,546 / 1,462,323,6 * 1 Class A Stock* 2 : 1 shareholder (Minister of Economy, Trade and Industry) / 1 share * 2 : 1 ()/1 *1 Implemented a stock split at a ratio of 1:4 of common stock at the effective date of October 1, 213. *2 The Company s Articles of Incorporation stipulate that certain major corporate decisions require a resolution by the holder of Class A Stock in addition to the approval of the shareholders meetings or the Board of Directors. Major shareholders (Common shares) *1 Percentage of total shares are for all issued and outstanding shares. *2 Excludes one Class A Stock. Shareholding by shareholder type * Percentage of total shares are for all issued and outstanding shares. Share price range, Trading volume * *2 * ( ) Number of shares ( ) Percentage of total shares * 1 (%)* 1 Name Minister of Economy, Trade and Industry* 2 * 2 276,922, Japan Petroleum Exploration Co., Ltd. 16,893, Mitsui Oil Exploration Co., Ltd. 53,154, 3.63 Japan Trustee Services Bank, Ltd. (Trust Account) () 45,528, JX Holdings, Inc. JX 43,81,8 3. The Master Trust Bank of Japan, Ltd. (Trust Account) () 41,4,3 2.8 The Chase Manhattan Bank, N.A. London S.L. Omnibus Account 4,224, CBNY-Orbis Funds 28,738, JP Morgan Chase Bank ,32, State Street Bank and Trust Company ,446, (Thousands of shares Monthly trading volume (Left scale) *1 () *2 (%)* Financial institutions (Including trust accounts) ( ) 14.8 Securities companies.88 Other domestic corporations Minister of Economy, Trade and Industry Foreign corporations and other Individuals and other 2.87 Treasury stock.13 Price range (Right scale) Yen 3,6 3, 2,4 1,8 6, 45, 3, 15, * * Share price and monthly trading volumes have been retroactively adjusted to reflect the impact of the stock split. Unit conversion Natural gas Sales gas LPG LNG 1 kl 6.29 bbl 1 cf 1, Btu* 1 ton 1 ton 1 ton 7.4 bbl 1 Bm 3 1 m 3 7 thousand ton (LNG) 1 m bbl () cf 1.5 bbl 1 bbl 6, cf (Natural gas) 1 MMcf/day 7 thousand ton/y (LNG) 1,4 m () 3 (Natural gas) 1 thousand bbl /day 4 MMton /y (LNG) 1T cf 1 MMton x 2 years (LNG) (2 MMton) 53 MMBtu* Note: The above conversion figures are estimates. Conversion figures used for production and reserves in this Fact Book may be different from the above conversion figures. As such, we do not guarantee those figures accuracy as applied to dealing or verification. * British Thermal Unit Disclaimer Information contained in Fact Book 214 is provided solely for informational purposes and is not an offer or a solicitation of an offer to buy or sell securities. You are requested to make investment decisions using your own judgment. Although the Company has made sufficient effort to ensure the accuracy of information provided herein, the Company assumes no responsibility for any damages or liabilities including, but not limited to, those due to incorrect information or any other reason. Note: Financial figures in this Fact Book have been rounded down to the nearest unit. Figures in parentheses denote negative amounts. * 214 1,2 6 Corporate Information

30 Akasaka Biz Tower Akasaka, Minato-ku Tokyo , Japan Phone: Biz tel: Printed in Japan