China Petroleum & Chemical Corporation 200 9 Annual Results Announcement

1. China Petroleum & Chemical Corporation2009 Annual Results Announcement March 29, 2010 Hong Kong

2. Disclaimer This presentation and the presentation materials distributed herein include forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Sinopec Corp. expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. Sinopec Corp.'s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to price fluctuations, actual demand, exchange rate fluctuations, exploration and development outcomes, estimates of proven reserves, market shares, competition, environmental risks, changes in legal, financial and regulatory frameworks, international economic and financial market conditions, political risks, project delay, project approval, cost estimates and other risks and factors beyond our control. In addition, Sinopec Corp. makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.

3. Agenda • 2009 Overview • 2009 Operational Results • 2010 Operational Plan

4. 2009 Overview

5. Review of Market Environment • Chinese GDP increased by 8.7% • Crude oil price rebounded from the bottom • Reform of pricing, taxation and levies on oil products reversed huge historic losses suffered by domestic refining industry • Domestic demand for refined oil products increased quarter by quarter, and apparent consumption grew by 0.9% over 2008 • Domestic demand for chemical products recovered gradually, and apparent consumption of ethylene equivalent grew by 8% over 2008

6. Operational Summary Note: *Includes 100% production of JVs

7. Financial Performance

8. Financial Position

9. Dividend Maintained stable dividend payout level RMB

10. Capital Expenditure 2009 Capex: RMB110 billion • E&P - RMB 51.5bn • Expanded key production facilities and increased reserve utilization • Sichuan to East China Gas Project stably promoted • Newly-built 5.7mm tonnes per year crude oil production capacity and 1.2 bcm per year natural gas capacity. • Refining – RMB 15.5bn • Upgrading refined oil product quality • Revamping crude adaptability • Construction of new storage facilities and pipelines • Marketing – RMB 16.3bn • Added 1,299 new service stations in key areas • Accelerated the construction of storage facilities and pipelines • Chemicals – RMB 25.2bm • Fujian, Tianjin and Zhenhai ethylene projects were completed • Some chemical products upgrading and expansion projects were completed RMB billion

11. Cost Saving 2009 Cost Saving: RMB 3.2 billion RMB billion

12. Corporate Governance Improved • Completed the rotation and succession of members to the Board of Directors and the Board of Supervisors • Revised the Articles of Association and relevant procedures • Further updated the Internal Control Manual • Shaped unique management model of Sinopec Corp. • Crafted the Outline of Corporate Culture Development

13. Technological Innovation • Scientific and technological innovation as accelerator of development • Upstream：key technologies for large scale gas fields in Northeast Sichuan • Refining：the ultra-low pressure reforming technology won 1st class prize of national award • FCC gasoline S-Zorb adsorptive desulfurization technology and gasoline selective hydro-desulfurization technology guaranteed product upgrading to GB III standard gasoline • Large scale of gas-phase polyethylene proprietary process package further improved the capability of Chemicals Segment • Some new production technologies improved chemical product mix • Strengthen technology research on new energy and low carbon economy

14. Health, Safety and Environment • Fully implemented the HSE management system, supporting development of low carbon emission economy • Rolled out full scale clean production processes • Comprehensive energy intensity down to 0.72 tonne of coal equivalent • COD in waste water declined by 3.6% • Sulfur dioxide discharge fell by 14% • Launched a campaign of I Safe to promote safe production Kg standard oil/tonne Kg standard oil/tonne

15. 2009 Operational Results

16. E&P－Operational Summary

17. E&P－Segment Performance Realized prices of Crude Oil and Natural Gas RMB million

18. Refining－Operational Summary

19. Refining－Segment Performance Refining Margin/ Cash Operating Cost RMB million

20. Marketing－Operational Summary

21. Marketing－Segment Performance Maximum retail price of RON 90# gasoline and 0# diesel RMB/tonne USD/bbl RMB million

22. Non-Fuel Business Accelerated Unit Turnover of Non-Fuel Business Million RMB 21

23. Chemicals－Operational Summary Note: The above data includes 100% production of JVs.

24. Chemicals－Segment Performance RMB million RMB/tonne

25. 2010 Operational Plan

26. Prospect for 2010 • Opportunities • China’s economy continued to grow healthily • Domestic demand for oil products and petrochemicals is expected to increase steadily • The competitiveness of the Company has been enhanced • Challenges • Uncertainties of crude price • Newly-added capacity for refining and Chemicals • Strong competition in domestic oil product market

27. 2010 Operation Estimates Note: *Including 100% production of JVs

28. Capital Expenditure Plan • E&P • Organize safe operation for Sichuan to East China Gas Project • Development of oilfields in Tahe, Shengli, and gas fields in Puguang and Ordos • Refining • Oil product spec upgrading projects • Improve crude transportation and storage facilities • Marketing • Construction and acquisitions of service stations in key areas • Improvement on marketing networks • Chemicals • Progress in Zhenhai ethylene projects • Accelerate construction of logistic facilities for chemical products 2010 Capex Plan: RMB112 billion RMB billion

29. For Further Information http://www.sinopec.com Investor Relations Beijing: Tel: (8610) 59960028Fax: (8610) 59960386 Email: ir@sinopec.com Hong Kong: Tel: (852) 28242638Fax: (852) 28243669 Email: ir@sinopechk.com New York: Tel: (212) 759 5085 Fax: (212) 759 6882 Email: fangzq@sinopecusa.com Media Relations Tel: (8610) 59960028 Fax: (8610) 59960386 Email: media@sinopec.com