Kalangala

US$5,000,000 Output-Based Grant from the Private Infrastructure Development Group

US$6,500,000 redeemable preference shares issued to The Industrial Development Corporation of South Africa

US$6,500,000 redeemable preference shares issued to The Industrial Development Corporation of South Africa

US$7,700,000 ordinary shares and convertible preference shares issued to InfraCo Africa

US$12,500,000 private placement of senior secured notes subscribed by
Nedbank Capital Limited and Emerging Africa Infrastructure Fund Ltd

US$12,500,000 private placement of senior secured notes subscribed by
Nedbank Capital Limited and Emerging Africa Infrastructure Fund Ltd

Guaranteed by

Guaranteed by