Table of Contents Table of Contents 2 List of Tables 4 List of Figures 4 Company Snapshot 5 Key Information 5 Company Overview 5 DONG Energy A/S, Valuation and Financial Data 6 DONG Energy A/S, Share Price Performance 6 Share Price Performance, Q4, 2014-Q4, 2015 6 DONG Energy A/S, Key Valuation Metrics 7 Key Valuation Metrics, Q4, 2014-Q4, 2015 7 DONG Energy A/S, Quarterly Results of Oil & Gas Operations Per boe Produced 8 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 8 DONG Energy A/S, Quarterly E&P Costs Trends 9 Upstream Capital Expenditure, Q4, 2014-Q4, 2015 9 DONG Energy A/S, Quarterly Production Trends 10 DONG Energy A/S, Total Oil and Gas Production 10 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 10 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 11 DONG Energy A/S, Crude Oil Production 12 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 12 DONG Energy A/S, Natural Gas Production 13 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 13 DONG Energy A/S, Valuation and Financial Data, 2011-2015 14 DONG Energy A/S, Share Price Performance, 2011-2015 14 Share Price Performance, 2011-2015 14 Key Valuation Metrics, 2011-2015 15 DONG Energy A/S, Production and Reserves Trends 16 Total Oil and Gas, Reserves and Production 16 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 16 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 17 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 19 Crude Oil/Liquids Production and Reserve 20 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 20 Natural Gas Production and Reserve 21 Natural Gas Production and Reserve Trend, 2011-2015 21 Total Crude Oil and Natural Gas Reserves Life Index 22 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 22 DONG Energy A/S, E&P Costs Trends 23 Allocation of the Upstream Capital Expenditure 23 Upstream Capital Expenditure, 2011-2015 23 DONG Energy A/S, Results of Oil & Gas Operations Trend 24 Oil and Gas Revenue and Expenses 24 Oil and Gas Revenue and Expenses, 2011-2015 24 Oil and Gas Revenue and Expenses, Per boe 25 Oil and Gas Revenue and Expenses, By boe, 2011-2015 25 Oil and Gas Performance Metrics 26 Recent Developments 27 DONG Energy A/S - Recent Developments 27 Apr 27, 2016: Interim financial report for Q1 2016: DONG Energy 27 Apr 22, 2016: Sutton Bridge Port seeks planning consent for assisting DONG Energy’s offshore wind farm 28 Apr 21, 2016: Test tower and foundation for Burbo Bank Extension installed onshore to optimise installation processes offshore 29 Apr 20, 2016: Dong Energy to test REnescience waste to energy technology in Malaysia 30 Apr 12, 2016: Inverlussa Marine wins contract to provide the world’s largest offshore wind farm developer with multi purpose support vessel 30 Apr 06, 2016: Dong Energy to begin offshore construction phase west of the existing Burbo Bank Offshore Wind Farm 31 Apr 05, 2016: nkt cables awarded offshore contract worth approximately EUR 139m 32 Apr 05, 2016: DONG Energy expanding in North Jutland 32 Apr 04, 2016: Exclusive Marine and Helicopter Coordination Centre Launched For DONG Energy Contract 33 Mar 31, 2016: ABB wins order of more than $250 million to connect the world’s largest offshore wind farm to UK grid 34 Appendix 35 Methodology 35 Coverage 35 Secondary Research 35 Primary Research 35 Data Information Sources 36 Company Source 36 SEC/Other Regulatory Filings 36 Other Sources 36 Expert Panel Validation 36 Data Definition 36 Oil and Gas Reserves 36 Units of Measure 37 About GlobalData 37 Disclosure 37 Disclaimer 37

List of Tables Table 1: DONG Energy A/S, Key Facts 5 Table 2: DONG Energy A/S, Share Price Performance, Q4, 2014-Q4, 2015 6 Table 3: DONG Energy A/S, Key Valuation Metrics, Q4, 2014-Q4, 2015 7 Table 4: DONG Energy A/S, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 8 Table 5: DONG Energy A/S, Upstream Capital Expenditure, Q4, 2014-Q4, 2015 9 Table 6: DONG Energy A/S, Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 10 Table 7: DONG Energy A/S, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 11 Table 8: DONG Energy A/S, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 12 Table 9: DONG Energy A/S, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 13 Table 10: DONG Energy A/S, Share Price Performance, 2011-2015 14 Table 11: DONG Energy A/S, Key Valuation Metrics, 2011-2015 15 Table 12: DONG Energy A/S, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 16 Table 13: DONG Energy A/S, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 18 Table 14: DONG Energy A/S, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 19 Table 15: DONG Energy A/S, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 20 Table 16: DONG Energy A/S, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 21 Table 17: DONG Energy A/S, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 22 Table 18: DONG Energy A/S, Upstream Capital Expenditure, US$ mil, 2011-2015 23 Table 19: DONG Energy A/S, Revenue and Expenses, US$ mil, 2011-2015 24 Table 20: DONG Energy A/S, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 25 Table 21: DONG Energy A/S, Oil and Gas Performance Metrics, 2011-2015 26 List of Figures Figure 1: DONG Energy A/S, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 8 Figure 2: DONG Energy A/S, Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 9 Figure 3: DONG Energy A/S, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 10 Figure 4: DONG Energy A/S, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 11 Figure 5: DONG Energy A/S, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 12 Figure 6: DONG Energy A/S, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 13 Figure 7: DONG Energy A/S, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 16 Figure 8: DONG Energy A/S, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 17 Figure 9: DONG Energy A/S, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 17 Figure 10: DONG Energy A/S, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 19 Figure 11: DONG Energy A/S, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 22 Figure 12: DONG Energy A/S, Revenue and Expenses, US$ mil, 2011-2015 24 Figure 13: DONG Energy A/S, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 25 Figure 14: DONG Energy A/S, Oil and Gas Performance Metrics, 2011-2015 26