Ann: Altech - Debt Package Increased to US$190 million, page-13

Excellent news ! Fantastic job from ATC management, very impressive ! The increased offered debt package amount is a strong vote of confidence from the german bank/government for the viability of the project. It also reduces dilution for shareholders (by 5M$) compared to initial plan. After this excellent job done with debt financing, I am moe confident than ever that ATC management will do the same for the equity raise. Exciting times ahead of us !

The approved finance package is higher than the US$185 million of project finance initially proposed, reflecting the robust nature of the project. The export credit cover (ECA) component of project finance is increased to US$170 million (was US$165 million) and the Company has also been advised that this amount was approved by the German government inter-ministerial committee (IMC).