Longyuan Mulilo De Aar Maanhaarberg WEF

96.48 MW Onshore Wind Energy Facility

Presented by:

Longyuan Mulilo De Aar Wind Power (Pty) Ltd

Constantin Hatzilambros

Agenda:

Project Information Shareholding Information Project Technical Information Financial Information Economic Development Information Anticipated CODs Questions

Project Information:

Project Name: Longyuan Mulilo De Aar Maanhaarberg WEF Project Company: Longyuan Mulilo De Aar Wind Power (Pty) Ltd Project Size: 96.48 MW Contracted Capacity Project Technology: Onshore Wind Energy, 3 Bladed Horizontal Wind Turbine Generators Property Details: Project site consist of two farms, 10 km south west of De Aar, in the Britstown Regional District.

• Longyuan Mulilo De Aar Maanhaarberg WEF

Project Locations

Shareholder Information:

Equity Repartition

Mulilo Wind Enterprises

Longyuan SA Renewables

Mulilo De Aar Wind Community

Etu Energy Resources

Shareholder Information: China Longyuan Power Group Corporation Limited

China Longyuan Power Group Corporation was established in January 1993 as a wholly-owned subsidiary of China State Power Corporation. By the end of June 2009, CLYPG has developed more than 50 wind energy facilities distributed in 17 provinces and regions; its wind power installed capacity has exceeded 3000 MW. The brand “Longyuan Wind Power” has been awarded “The Most Valuable 500 Brands in Asia” by Asia International Famous & Fine Brand Attestation Intendance Center and other institutions after their joint review. Today, Longyuan ranks first in Asia and fifth in the world in terms of wind power installed capacity.

Shareholder Information: China Longyuan Power Group Corporation Limited

Longyuan Wind Energy Facilities

Technical Information:

Contracted Capacity (MW) 96.48 MW

Maximum Export Capacity (MW) 96.48 Wind Turbine Generator (WTG) Type & Nameplate Capacity

3 Bladed, Horizontal Axis 1.5MW

WTG Model Number: United Power UP86 & UP82 – 1500 Hub Height (m) 80 WTG Rotor Diameter (m) 86 & 82 Number of WTGs 67 Planned voltage connection level: 132 KV Planned connection point: Eskom-Build from the WEF Substation to the Hydra

Substation. The Line will be owned and operated by Eskom and the Point of Common Connection is thus the WEF Substation on the HV side of the transformer.

Financial Information:

The project is expected to be funded via a project finance agreement, with a 75/25 debt/equity split. Debt financing will be funded by Nedbank Limited acting through its Nedbank Capital Division, and the Industrial Development Corporation of South Africa Limited. Debt (75%): 1. Nedbank Capital 37.5% 2. IDC 37.5%

Equity (25%): 1. Mulilo Wind Enterprises 20% 2. Longyuan SA Renewables 60% 3. Mulilo De Aar Wind Community 12.5% 4. Etu Energy 7.5%

Equity Repartition

Mulilo Wind Enterprises

Longyuan SA Renewables

Mulilo De Aar Wind Community

Etu Energy Resources

Economic Development Information:

• The Project has maximised the components of economic development in line with the guidelines of the DOE.

• The jobs created during construction and operations are substantial and a considerable amount of in house training for employees will be done during operations.

• The local content is high and the project will use locally manufactured towers.

• The black ownership by the local community is 12.5%, and 7.5% is owned by black women who have active involvement in the energy sector.

• The management control for the Project Company and EPC and O&M contractor will be predominantly black female in accordance with the employment criteria.

• The Project has provided a preferential procurement plan which will be formulated into a detailed plan prior to financial close. The Project has identified numerals sustainable outsourcing opportunities especially during the operations period.

Economic Development Information:

• The Project includes a high level enterprise development procurement which will translate into a range of opportunities for enterprise for the region. We have offered substantial financial resources and believe that this level of commitment is required to provide a sustainable enterprise development model.

• A community assessment report has identified the many social issues which are typical in the historically disadvantaged regions of our country. The Project has committed a sizeable financial resources, which we believe will make a huge difference to the entire community. The Project will engage top economic development consultants to guide this process. The members of the Consortium have a long term vision to developing renewable projects in South Africa. We believe this Project represents a good balance between price and economic development, and encapsulates all the guidelines of the Department of Energy’s REIPP Procurement Programme.

Anticipated Commercial Operation Date:

The Project expects to achieve COD by: 25 March 2016 This timeframe depends on the expected Eskom commissioning timeframe to be published in the Budget Quote by end of June 2014.

Questions:

Thank you for your time.

Questions?