Ann: Capanda Green Ammonia Project Update, page-293

In my spreadsheet, I had been allowing for a cr of $18mill in case the company failed to secure other funding on time. This cr will be less than that. I have also expected the IDC loan will be approved, mainly based on what the IDC have posted on their website about making sure they only advance projects to the DD when they have a high chance of passing that DD. It's not guaranteed but I see it as a very high probability, not based on what MNB has said but based on what the IDC have said. I'm not asking you or anyone else to share my view.