b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)SECTION 1. Itsvaluesare:CORPORATE AND GROUP INFORMATION 1.H SECFocused:Weputhealthandsafetyfirst,striveforzeroharmtoourpeopleandthe1.1 CORPORATE INFORMATION communitiesaroundus,andminimizenegativeimpactsupontheenvironment.Theconsolidatedfinancialstatementsofthe 2.Integrity:WearehonestanddowhatwesayweGroup,whichcompriseStaatsolieMaatschappij will do.SurinameN.V.(Staatsolie,astheparent)andallitssubsidiaries,fortheyearendedDecember31, 3.P eopleFocused:Wecreateasupportiveand2021,wereauthorizedforissueinaccordance collaborativeenvironment,respecteachother,witharesolutionoftheSupervisoryBoardon areopentoothersideasandfacilitatepersonalApril20,2022. and professional growth.Staatsolieisalimitedliabilitycompany 4.E xcellence:Wesethighstandardsforquality,incorporated and domiciled in Suriname whosestrivetoexceedexpectations,anddoourworksharesaresolelyownedbytheGovernmentof with a sense of urgency.Suriname(GoS).TheregisteredofficeislocatedatDr.Ir.H.S.Adhinstraat21,Paramaribo,Suriname. 5.Accountability:WeacceptresponsibilityforourStaatsolie(theCompany)isanintegratedoil jobandactions,arecooperative,andcreateacompanyintheRepublicofSurinameofwhich non-blamingenvironment.theintegratedactivitiesincludeexploration,production,refining,marketinganddistributionofpetroleum and retail products.1.2 GROUP INFORMATION Throughitssubsidiary(SPCS),Staatsolieis Staatsoliehasfive(5)subsidiariesofwhichfourengaged in thermal and hydro-electric power(4)arewhollyowned:ParadiseOilCompanyN.V.generation. (POC)andGOw2EnergySurinameN.V.(GOw2),bothcompaniesincorporatedintheRepublicofTheGroupsstructureandotherrelatedparty Suriname,VentrinPetroleumCompanyLimitedrelationships is presented in section 7 - Group(Ventrin),abunkeringcompanyincorporatedintheinformation and related party disclosures.RepublicofTrinidadandTobagoandStaatsolieHydrocarbonInstituteN.V.(SHI),acompanyStaatsoliesvisionis: mandated to perform the institutional role of Leadingthesustainabledevelopmentof Staatsolie.Surinamesenergyindustry. Staatsolieholds102,999outof103,000sharesMakingastrongcontributiontotheadvancement oftheStaatsoliePowerCompanySurinameN.V.of our society. (SPCS),incorporatedintheRepublicofSuriname,andthelocalelectricitycompanyEnergieBedrijvenBecomingaregionalplayerwithaglobalidentity SurinameN.V.(N.V.EBS)holdsoneshare.in the energy sector. POCis,now,adormantcompany.InJune2015,Staatsoliesmissionis: POCsoperationswereputonholdandthecompanydidnothaveanyactivityduringtheT reportingperiodof2021.odevelopSurinameshydrocarbonpotentialoverthefullvaluechain,togenerateelectricity WithregardtoStaatsoliesgoldparticipationandtodeveloprenewablesustainableenergy interest,sinceNovember2014,Staatsoliehasresources. a participating interest of 25% in the Suriname T GoldProjectCV(Surgold),alimitedpartnershiposecuretheenergysupplyofSurinameandto betweenNewmontSurinameLLCandStaatsolie.establishasolidpositionintheregionalmarket.Toexpandourreputationbasedonourgrowth InApril2020,Staatsolieenteredintoanperformance,flexibility,andcorporatesocial UnincorporatedJointVenture(UJV)withRosebelresponsibility. GoldMinesN.V.(Rosebel)namedPikinSaramacca.74 STAATSOLIE 2021 ANNUAL REPORT'