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Company Response

28 Feb 2020

Kosmos Energy

Kosmos Energy's response

...[W]e refer all parties to Kosmos Energy’s long-held position on transparency around payments to governments in the extractive industries... We believe resource revenues are more likely to be managed in the best interests of a country if payments and receipts are made transparently, and if accountability measures are in place for the use of these revenues... Kosmos is committed to advocating for transparency... with host governments. Kosmos is also a Supporting Company of the Extractive Industries Transparency Initiative (EITI)... We are committed to meeting or exceeding EITI requirements and have resolved to report and publish annually material payments to governments... [We] disclose payments to governments at the project level as defined in the European Union Accounting Directive. We believe that this type of disclosure is beneficial to investors, civil society, and local communities, and reflects evolving international expectations. We therefore support the EITI Standard’s definition of project-level reporting... [I]t would be helpful and more cost-efficient if there was substantial international alignment on this definition and on payments-to-government reporting requirements more broadly... [O]ur approach to transparency helps us to manage social and political issues... We are also encouraged that civil society is committed to using payments to governments data constructively – an essential element in ensuring that transparency policies achieve the aim of strong resource governance.