GulfCap Africa Corporate Profile

Vision To be the leading preferred Investment partner in Africa that unlocks opportunities to the world. Mission To be the regional leader in delivering practical solutions and enhancing stakeholder value. Our Core Values  The interest of our client are our priorities  GulfCap operates within standards of international best practice coupled with regional expertise in all areas of our business  GulfCap promotes creative, dynamic and entrepreneurial culture  GulfCap maintains the highest ethical standards  GulfCap is committed to value creation and striving for excellence  GulfCap instills the collaborative culture so as to operate as “one firm” sharing knowledge and capabilities across a global platform

Background Company History GulfCap Group was founded in 2006 by bankers and professionals to pursue transactions in proprietary private equity and investment management (financial services, oil & gas and real estate), investment advisory, management consultancy and corporate finance. Following its establishment a group of institutional-grade investors from the Kingdom of Saudi Arabia, the Kingdom of Bahrain and the Sultanate of Oman contributed US$ 30 million as equity for sponsoring the Group's co-investment in private equity deals and development of its operations. Following a restructuring of shareholders' interests in the Group in 2010, the management team launched GulfCap Africa (GCAF) which includes GulfCap Investments LLC Dubai, a limited liability company incorporated in the UAE and GulfCap Africa Limited, another limited liability company incorporated in Kenya. GCAF is engaged in the setting up business ventures and providing business and financial advisory services mainly in East Africa..

About GulfCap Africa  GulfCap Africa is an affiliate of GulfCap Investments (a Private Equity company based in Dubai).  It has been in operation in Kenya since  The firm focuses on proprietary private equity and investment management transactions.  Main focus in Africa has been on green field projects.  The management team of GulfCap has extensive experience in banking, investment banking and strategic investments. Introduction Industry Focus Financial Services Power Education Real EstateOil and Gas

Key Business Lines Private Equity 1 Direct Investment 2 Advisory Services 3 We have significant experience working with clients looking for private equity funding and strategic investors looking for opportunities. We provide advisory services and offer financing solutions to ensure successful transactions. We also invest our proprietary capital in existing and new projects, as appropriate. We have set-up several of our own ventures and have provided incubation services to several projects from our clients. We have the requisite experience and know how coupled with regional expertise to provide our clients with the following advisory services; Sell-side Advisory Buy-side Advisory Transaction Support Restructuring Advisory Capital Raising Green Field Project Set Up a b cdef We advise investors and private equity funds on divestments and securing strategic investors for their companies. We provide the following services:  Preparation for sale i.e. valuation, marketing presentations  Identification of potential buyers  Preparation and execution of marketing road show We advise on cross- border acquisitions and expansion opportunities across emerging markets in the Middle East as well as in Asia, Africa and globally:  Evaluation of strategic expansion opportunities  Target identification, evaluation and contact We manage the evaluation and execution of our clients' buy-side and sell-side transactions through the following services:  High level business planning and scenario modelling  Due diligence support and supervision  Valuation  Negotiation, structuring and transaction closing  Project management of deal processes We assist clients in formulating and implementing turnaround strategies that suits their needs and strategic objectives.We perform the following services:  Business and cash flow reviews  Recommendations of funding, structuring / restructuring options  Recommendations for ownership and capital structures We assist our clients' debt and capital raising requirements through:  Fundraising preparation i.e. marketing material  Identification of potential lenders and investors  Preparation and execution of marketing road show Leveraging on our technical and regional experience, we offer clients a holistic approach to setting up their businesses which starts from the concept all the way to implementation and initial operations

International Credentials DAWOOD ISLAMIC BANK (PAKISTAN)  One of the founder shareholders with board participation FAMILY TAKAFUL COMPANY (PAKISTAN)  One of the founder shareholders with board participation in Pakistan’s first life takaful company BMI BANK (BAHRAIN)  Consulting assignment for recapitalization of the bank with an injection of US$250 million and repositioning of the bank to focus on emerging markets opportunity CREATION OF BANK MUSCAT INTERNATIONAL (BAHRAIN)  Acquired the Bahrain operations of ABN Amro Bank and converted it into a branch of Bank Muscat, Oman Branch operations were spun-off into an independent bank called Bank Muscat International (BMI) ACQUISITION OF STAKE IN CENTURION BANK (INDIA)  Acquired for Bank Muscat a majority stake in Centurion Bank (India) to recapitalize Centurion Bank  The bank grew to the position of 9th largest private sector bank in India and has recently merged with the 2nd largest private sector bank in India. ESTABLISHMENT OF BANK MUSCAT SAUDI ARABIA (ISLAMIC) ACQUISITION OF DALMA ENERGY LLC  GulfCap entered into an agreement with Aabar for the acquisition of its Oman- headquartered, wholly owned, oil and gas drilling services subsidiary for USD 446 million TANMIYAT  Corporate advisory

Kenyan Credentials GULF AFRICAN BANK (KENYA) Founder shareholder GulfCap is now working on setting of Gulf African Bank Tanzania and Gulf African Bank Uganda. Gulf African Bank is now the 14th largest bank in Kenya. It was voted the best Islamic Bank in Africa last year Fantastic achievement for a bank that is barely 6 years old GULF ENERGY  Incorporated in May 2005  Gulf Energy was the largest importer of oil and oil products in Kenya in 2010, 2011 and 2012  It now has subsidiaries in Uganda, Tanzania, Rwanda, Burundi, Zambia and South Africa GULF POWER  Set up in 2009  Developed an 80.32MW Medium Speed HFO Thermal Power Plant that’s starts production in August  Developing 980MW coal power plant in Lamu as part of a consortium GULF HOMES  Formed in 2008  Kshs 1.5 billion worth of property development done to-date AFRICAN GAS & OIL LTD (AGOL)  Co-arranger for raising $40 Million on behalf of AGOL for construction of an LPG facility in Mombasa FURSALEO (MOMBASA)  GulfCap was involved in setting up Fursa Leo.  Fursa Leo’s goal is to empower socio – economically marginalized women through accessibility to financial services COAST INTERNATIONAL UNIVERSITY  Coast International Limited is the SPV for the project of Coast International University (CIU)  CIU is being set up to create a world class university affiliated with international universities providing high quality education using technological advanced forms of study Gulf Homes

About Gulf Opal  Gulf Opal was set up in December  Gulf Opal’s objective is to cater for specialized procurement and contracting opportunities from key government parastatals of Kenya  Gulf Opal is also in the process of acquiring a contracting company that will cater for contracting opportunities Who is Gulf Opal? Gulf Opal will leverage on the following: GulfCap Africa’s team of professionals 1 23 GulfCap Africa’s relationship with the relevant government authorities GulfCap Africa’s international network of potential partners across different industries