ditor's report Board of Directors BoTherm Energy Projec'-. Founvays. South Arno We have 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) R