Standard Bank, page-9

Hi All.

Standard Bank,Africa's largest bank, appointed as Financial Adviser and Lead Debt Arranger for the Project.

Standard Bank have indicated they plan to use their balance sheet to support The DEBT Raising that will be required for the project.
Discussions are (Well Advanced) with a number of potential funding partners; Export Credit Agencies, Development Funds and Commercial Banks have all expressed interest in providing DEBT Funding.
DFIs that have shown significant and ongoing interest in the project include:
International Finance Bank (IFC)
African Development Bank (EIF)
European Investment Bank (EIB)
Development Bank of Southern Africa (DBSA)
German Investment and Development Co. (DEG)
China Development Bank (CDB).

Standard Bank Financial Adviser and Mandated Lead DEBT Arranger for the Project.
Provided favourable indicative terms for the DEBT funding of the Port,Rail and Mine facilities in association with Mota-Engil Africa EPC tender.

Standard Bank, being Africa's largest bank, have (indicated) they plan to use their balance sheet to support the DEBT raising that will be required for the project.
Structured funding plan for DEBT financing includes Export Credit Agencies, Development Finance Institutions and Commercial Banks.

Have had discussions with wide variety of potential funding partners and excellent progress has been made having received several expressions of interest from Export Credit Agencies and Development Finance Institutions.

DEBT Funding supported by Mota-Engil Africa EPC+ Standard Bank indicative plan as well as off-take agreement with Noble.
Sundance and Standard Bank will now execute the EQUITY FUNDING Strategy.
DEBT. Tranche A. Export Credit Agencies. Expressions of interest Quantum. $1.5B
Tranche B. Development Funds. " " " " $1.3B.
Tranche C. Commercial Banks " " " " $0.7B

Equity. Project Equity Requirement.
Three types of Equity Funding. Third Parties own-operate the infrastructure.

Port & Rail Funding Supplied by third parties that own & operate Port & Rail infrastructure. Sell down of Equity in Mine Co.
Strategic Investment.

Funding supplied by sale of 50% of Port & Rail infrastructure.
Sell down of equity in Mine Co.
Strategic Investment.

Regards
Westcott.