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Investing in Nigerian Infrastructure Networking Function

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Investing in Nigerian Infrastructure Networking Function Investing in Nigerian Infrastructure Networking Function 14 November 2011 Strictly Private and Confidential . Important Information This document is being provided to targeted institutional investors as a source of preliminary information about NIIF1. It is confidential to the person to whom it is provided and should not be copied or distributed in whole or in part or disclosed without our prior written consent. This document does not constitute an offer to sell or a solicitation of an offer to buy any securities. This document does not contain all the information necessary to fully evaluate any transaction or investment, and you should not rely on the contents of this document. The matters described in this document are subject to discussion and amendment. Any investment decision should be made based solely upon appropriate due diligence and upon receipt and careful review of relevant offering documents. Recipients of this document should neither treat nor rely on the contents of this document as advice relating to legal, taxation or investment matters and are advised to consult their own professional advisers. This document includes forward-looking statements that represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. Actual and future results and trends could differ materially from those described by such statements due to various factors, including those beyond our ability to control or predict. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Past performance is not a guarantee of future results or returns. Any discussion of past or proposed investment opportunities should not be relied upon as an indication of future deal flow. Targeted returns are not guaranteed. This document includes information obtained from publicly available information and from third party sources considered to be reliable. Whilst this information is provided in good faith, its not, and does not purport to be comprehensive and has not been independently verified. This document is being distributed by African Infrastructure Investment Managers (Pty) Ltd (FSP Licence Number 4307) (AIIM). The Fund is not a registered “collective investment scheme” under the Collective Investment Scheme Control Act, 2002, and nothing in this Document should be construed as constituting offering to “members of the public” an opportunity to invest in a collective investment scheme in South Africa. AIIM is authorised to render financial services to the South African Fund under the Financial Advisory and Intermediary Services Act, 2003. Nigeria This Document and the securities which it offers are directed solely to the persons to whom it has been addressed (being the Potential Investors). This Document is not a Prospectus and does not constitute an offer or an invitation to the general public to subscribe to the securities offered herein. Applications for the Shares being offered may only be made by the Potential Investors in accordance with its terms and conditions. Each Potential Investor is expected to scrutinise the information contained in this Document independently and evaluate the securities which it offers. No application has been made or is required to be made to the Securities & Exchange Commission for the clearance of this Document or the registration of the securities offered herein. No application has been made or is required to be made to the Council of the Nigerian Stock Exchange for the admission of the Shares being offered by way of Private Placement. The receipt of this Document or any information contained in it or supplied with it does not constitute investment advice from the issuer. Each Potential Investor should make its own independent assessment of the merits or otherwise of applying for the securities herein and should obtain its own professional advice. If the Potential Investors are in any doubt about the contents of this Document or the action to take, they are advised to consult their Stockbroker, Accountant, Banker, Solicitor or any other professional adviser(s) for guidance. STRICTLY CONFIDENTIAL | 1 Welddlcome address Andrew Johnstone CEO – African Infrastructure Investment Managers (“AIIM”) STRICTLY CONFIDENTIAL | 2 Strictly Private and Confidential STRICTLY CONFIDENTIAL | 3 NiiIfttINigerian Infrastructure Inves tmen t Fund 1 Strictly Private and Confidential . STRICTLY CONFIDENTIAL | 4 Infrastructure: a 20 yyyear story 1990 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Advising third-party clients on privatisations and Acquisition of BAA refinancing acquisitions I-595 South East Acquisition of a – largest ever Project - Water - stake in Brussels Acquisition of airport first PPP of second International Thames Water refinancing US road largest water Airport involving only company availability in the UK Chicago Skyway Takeover of BAA - the largest ppyayment concession - acquisition in the airports sector globally structure Western Sydney first PPP of a Orbital - at the time US interstate Indiana Toll Road concession - the Australia’s largest highway largest privatisation of a toll road in the privately financed US Puget project and largest Energy - urban toll road largest Mitcham-Frankston North Tubelines’ London Project - the largest American Acquisition of Underground contracts urban to ll road projec t adidvisory ever undertaken in APRR motorway in mandate by Australia France Macquarie Capital to Dampier to Banbury date Sydney Airports Corporation Natural Gas Long term acquisition from Pipeline – Mexico leases for Commonwealth of Australia – the largest gas Adelaide, at the time, world’s largest transmission Advisor on trade sale of an airport line in Australia Middle East Coolangatta & Midlan d Parafield Expressway - MIG’s 40% investment Japan Airports UK’s first in Cintra private toll road United States Korea Acquisition of IPO of Envestra - 40% of NZ Continental Europe Australian gas government- distribution business owned Contact Energy Canada South Africa IPO of Infrastructure IPO of Hills Motorway Trust of Australia - Malaysia / Other Asia Group – Australia’s first Australia’s first listed publicly listed toll road infrastructure investment fund United Kingdom Note: Represents an illustrative sample of Macquarie Capital transactions STRICTLY CONFIDENTIAL | 5 Across sectors and gggpeographies ~100 portfolio businesses and ~110 properties1 UK Spain Czech Republic Canada USA Global Tower Partners Japan Bristol Airport Asset Energia Solar Ceske Radiokomunikace AltaLink Chicago Skyway Aquarion Company Airwave Solpex Energia Solar Poland A-25 Dulles Greenway Hanjin Pacific Corporation (Tokyo, Puget Energy AiArqiva Itevelesa Fraser Surrey Docks Indiana Toll Road Osaka) DCT Gdansk (container District Energy CLP Envirogas (vehicle inspections) Halterm Limited (port) AIR-serv (tyre inflation) terminal) Duquesne Light Energy Power Resources Mexico Harley Marine Services TanQuid (tank storage The Gas Company South Korea Thames Water Icon Parking business) Decarred (highways) Broadrock Renewables West Sea Power / West Sea Water Wales & West Utilities Penn Terminals Sweden Mareña Renovables (wind farms) Bulk Liquid Storage Terminal Business Baekyang Tunnel M6 Toll Petermann (school buses) EPR Sweden (wind farm) Waste Industries Cheonan-Nonsan Expressway Condor Group (ferry services) Sentient (private aviation) Varmevarden Daegu 4th Beltway East Moto (motorway services) Smarte Carte Arlanda Express Gwangju 2nd Beltway Section 1 National Car Parks Airport Services (fixed base operations) Russia Gwangju 2nd Beltway Section 3-1 Wightlink (ferry services) Total Terminals International (Hanjin Pacific Corporation) Red Bee Media Brunswick Rail Incheon Grand Bridge Incheon International Airport Expressway Machang Bridge Seoul Chuncheon Expressway Soojungsan Tunnel Belgium Woomyunsan Tunnel Brussels Airport Yongin-Seoul Expressway Denmark Busan New Port Phase 2-3 Hanjin Pacific Corporation (ports) Copenhagen Airports SlSbLi9Sti1Seoul Subway Line 9, Section 1 C&M (cable tv) North East Chemical France Compteurs Farnier (water metering) EPR France (wind farm) RES (()wind farm) Trois Sources & Lomont Australia Windfarms Hobart International Airport Autoroutes Paris-Rhin- Dampier to Bunbury Natural Gas Pipeline Rhône Multinet Gas Holdings Pisto SAS (oil storage and United Energy Distribution distribution) WA Gas Networks2 Germany 3P Learning GWE (heat & power) Regis Group (aged care) Techem (submetering) Retirement Villages Group Thyssengas China MREEFs Warnow Tunnel MWREF New Zealand TanQuid (tank storage South Africa United Arab Emirates India Puerto Rico (USA) Hua Nan Expressway Metlifecare business) Neotel Al Ain Industrial City Viom Networks Global Tower Partners Changshu Xinghua Port Private Lifecare Kelvin Power Station Industrial City of Abu Dhabi Adhunik Power and Natural Star King (China) Food Group Retirement Care New Zealand Bakwena Platinum Corridor ICAD Effluent Treatment Plant Resources Taiwan N3 Toll Concessions MB Power (Madhya Trans African Concessions Pradesh) Miaoli Windpower Nigeria GMR Airports (Delhi and Hanjin Pacific Corporation (Kaohsiung) Taiwan Broadband Communications Lekki Concession Company Hyderabad airports) Real Estate Airports Communications Utilities Roads Transport & Related Other Services
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