Ann: Corporate and Project Update , page-40

Rockist,

You may have heard some of us talk about BT Bakrie Power. They are the JV partners with Panax for Sokoria and Dairi Prima projects amongst others and therefore will funding at least 50% of the projects. The equity required for Dairi Prima is $5.8 million, $20.1 million will be raised through debt. The equity required for Sokoria is $45.3 million, $119.8 million will be raised through debt. Therefore as I stated, PAX will be required to fund $28 million through equity which will be raised through the Singapore subsidiary.