The Investment Process 1

InitiateContacts

Execution

Detailed Due Diligence

Issuance of Funding Notices

Submissionto Board ofDirectors ofInvestmentManagerOpportunities

Disposal

ResearchOpportunities

Follow up

Approval

CommercialAspects:- Supply- Demand- Cost- Sale Price(s)- Absorbtion Rates- Taxation- SWOT Analysis- Risk & Mitigants

Exit

FinancialAspects:- Financial Modeling- Financial Review of Partner(s)- Expected Returns- Expected Exit Date- Capital Structure

Monitoring

Submission to Board of Directors

PreliminaryDue Diligence

SuccessfulAcquisition

Progress Reporting

Preparation of Final Appraisal Report

LegalAspects:- Projects- Regulatory Bodies- Investment Structure

Repayment of Principal& Profits ofthe FundCompany

TransactionOrigination

Disbursement

Set up of Investment Structure

Preparationof ConceptPaper

Initial TermsNegotiations