Media Update, page-538

Hi ywtoh, from conversations I have had with them over the past few years I believe that they are very aware of the so called debt trap
and will go to some lengths not to stress their balance sheet. I guess that's very obvious now just by looking at the accounts. It's very
much a case with Fluence that deals are structured with debt provided by outside parties on the basis of non recourse to Fluence.

Come to think of it I wonder when we will see the first deal involving Generate Capital?

As you have previously said debt has been the undoing of several water companies, let alone many other companies in other industries
however I believe we are in safe hands with the present management.

regards, EB