Cameroon Trade and Investment Forum Mikael Karlsson, CEO 7 May 2014 Globeleq Africa The leading Private Power Company in Africa

Operating Assets Songas 190MW, gas-fired Open Cycle Gas Turbines Azito 430MW gas-fired Combined Cycle Power Plant Tsavo 75MW, HFO-fired diesels Droogfontein and De Aar 2 x 50MW solar projects Jeffreys Bay 138MW wind Operating Assets shortly to be acquired Kribi 216MW gas- fired diesel engine plant Dibamba 88MW HFO-fired diesel engine plant 1.2GW in construction and operation Globeleq Africa The leading Private Power Company in Africa

Kribi and Dibamba Dibamba: 86MW HFO fired engines Cameroon is a politically stable, sound investment environment Strong economic fundamentals for thermal power generation Growing demand for electricity in Cameroon Economic and industrial growth Improving access to distribution network Cameroon currently has 60% hydro generation Kribi and Dibamba provide dry season generation and reserve Expansion Opportunities Kribi: 216MW gas fired engines

Kribi and Dibamba Dibamba: 86MW HFO fired engines Kribi: 216MW gas fired engines Strong opportunity to add 120MW to Kribi Use existing gas line and transmission Subject to acceptable commercial and financing arrangements Potential expansion at Dibamba or conversion to gas

Globeleq Africa uses Global Best Practices Strong record of safe, reliable and cost effective operations in Africa Sharing Best Practices Across Plants and Functions Shared training and performance improvement initiatives Apply our Best Practices to provide reliable power for Cameroon Azito SongasTsavo Strong African Project Development Expertise Expand the Kribi Plant Pursue other opportunities to supply more electricity for growth

2013 ACQ International Energy Business of the Year (Emerging Markets) African Power Deal of the Year – Azito Gas Fired Power Plant Expansion – Côte dIvoire Deal of the Year (Power) – Azito Gas Fired Power Plant Expansion Côte dIvoire Award Winning Expertise