Company Introduction

Filipe Gago 21.Feb.2007 Company Logo

2 Company Introduction

LAP - Libya Africa Investment Portfolio

LAP is a USD 8 billion capital investment fund created by the Libyan goverment in February 2006.

LAP is established in Tripoli under direct supervision of the LIA - Libyan Investment Authority.

On top of the initial capital, the assets and liabilities of the following companies have been transferred to LAP:

3 Group Companies

• OiLibya Parent company for “TAMOIL AFRICA Holding Ltd” and ”TAMOIL East Africa”.

• AFRIQIYAH AIRWAYS Aviation company

• Sahel-Saharan Investment and Trade Bank (BISC).

4 • LAP Green Network IT and Telecommuncation Company

• LAP (Suisse) SA Engineering & Consulting Company

• LAAICO Libyan Arab African InvestmentTrade Company

5 Company Structure

LAP Libya Africa Inv. Portfolio Mr. Saleh Bashir President

Sahel-Saharan Investment & AFRIQIYAH OiLibya LAP Holding LAAICO Trade Bank Airlines (BISC).

LAP LAP (Suisse) GreenN

6 Africa Telecom & IT

Guinea Equat. Niger Uganda Ivory Coast Rwanda Sierra Leone RD Congo Congo

7 Company Objective

The main objectives of LAP are:

To contribute to the development of African countries

To help African countries to get better benefits of their natural resources

To make investments or participate with other investors in all economic sectors

8 Company Status

According to LAP company status:

Economic sectors should generate economic revenues

Dividends will NOT be distributed

Dividends will be reinvested in Portfolio capital and used in new investments.

9 Sectors of Activity

LAP will invest and/or operate in following activities:

Financial, including dealing in the capital markets;

Hotels and tourist villages and resorts;

Telecom services and related industries;

Industrial factories in different sectors;

10 Sectors of Activity

Agricultural reclamations and establishment of productive farms and the related industries;

Exploration / production of oil, gas & related industries;

Metal and Mining activities and related industries;

Air, land and maritime transport;

Import and export;

11 Projects in Africa

LAP is already involved in some multi million dollar projects:

Benin, Burkina Faso, Chad, Ethiopia, Eritrea, Gabon, Guinea-Bissau, Guinea-Conakry Ivory Coast, Liberia, Mali, Niger, Rwanda, Senegal, S. Tome e Principe, South Africa, Sudan, Tanzania, Togo, Uganda.

12 LAP Strategy

The following Projects are considered strategical to achieve LAP’s objectives for Africa:

Regional Development : ƒ West Africa Regional Development with Bauxite Mining ƒ Tchad Lake Environmental Project

Energy : ƒ Hydro-electric Inga – Congo ƒ Hydro-electric Saltinho – R.G. Bissau ƒ Termal Power Plant – Cap Vert ƒ Gas Power Plant – Ivory Coast ƒ Hydro Konkoré Project – Guinea Souapiti - 515 MW ; Kaleta - 228 MW ; Amania - 665 MW

13 LAP Strategy

Infrastructure : ƒ Buba Deep Water Port – R. G. Bissau ƒ Fernão Dias Deep Water Port – S. Tome e Principe ƒ Railway R.G. Bissau - Mali ƒ Railway Guinea ƒ Railway Sudan ¾ Industry: ƒ Cement Factory – Libya ƒ Cement Factory – Mali ƒ Fertilizers – West Africa ƒ Oil Refinery – West Africa Natural Resources: ƒ Bauxite and Iron Mining – West Africa ƒ Exploration and Exploitation Oil and Gas – Africa

14 LAP Strategy

The realisation of these strategical projects will result in:

Reduction in malnutrition, poverty and unemployment

Impulse to economic activity

More efficient use of natural resources

Positive impact on security / stability

Social upliftment

15 Thank You

16