Ann: Noble Group Provides Additional Support , page-27

US$5 million
unsecured two year loan facility available to assist with funding Northern Railway’s pre-development
expenditures.

Noble has agreed to work with Aspire and
Northern Railways to facilitate the development of a viable funding strategy for the Northern Rail Line
which includes:
• Introducing Noble’s infrastructure funding contacts which may include Sovereign Wealth Funds
and specialist infrastructure financiers, and support the creation of a funding syndicate for
Northern Railways;

Noble is not providing money for the rail development, rather help it with funding strategy.