ized fee escalated are/vale/ at South Afrcan Inflation rate The fee in 2015 was SO 2M and SO 1M for Kspheywel-Dassiefonton Wind Energy Facility (RE) Proprietary Limited and Limarco 77 (RF) Propnetay Lasted respeavefr and is recorded in plant operabro costs in the Statement of Income and Comprehensive Las • BTSA Net

ve therefore been decreed from the financial statements of Klpheuvel.Dasseforeein Wind Energy Facility (RF) Proprietary United, Sevenstones 159 (RF) Proprietary Limited and Lrnarco 77 (RF) Proprietary Limited to represent the fnancial position and performance 01 the Company on a combined teen through:NA those period

audited the accompanying combined financial statements of BoTherm Energy Projects. consisting of Klipheuwel-Oassiefortein Vend Energy Facility (RF) Proprietary Limited. Seronstones 159 (RF) Propnetary Limited and Lenore° 77 (RF) Ropnettary Lented, which caner*e the combined balance sheets as at 31 December 2014 and

recorded in 2014 for itipteuwel- Dassefonten Wnd Energy Facility (RF) Proprietary Limited Sevenstones 159 (RF) Proprietary united and Lanarco 77 0RF) Proprietary Limited respectively. As of 31 December 2014, 53 2M was owed to the Company and is included in prepaids and other current assets Bonowing costa Borrowing

terest is pad quarterly while caplet a repaid bi- annually The loan matures on 31 December 2028 Nedtank of South Africa Limned Sevenstones 159 (RF) Proprietary Limited and Leduc° 77 (RF) (Protbetary Limited) have senior ban lab mos totaling 521 2 neon withThe Necbank c( South Afros Limited which wasentered into cn