ESIC FUNDING & USE OF PROCEEDS:

ESIC has established US$ 1 billion MTN program. the new remaining issuing size is US$ 400 million. ESIC has no plan to issue sukuk for the foreseeable future.

We seek investment opportunities within sectors that generate a satisfactory level of growth potential and a steady recurring revenue stream. We endeavor to identify the best investment opportunities in the sector based on specific and meticulous studies.

Yes. strategic and high yielding assets has been identified and we are in the process of closing few deals with average yield of 9.5% annually.

ESIC would like to diversify away from one single business into a multiple sectors.

OWNERSHIP & COMPANY STRUCTURE

To be one of the leading international investment company by identifying, optimizing and realizing the assets and companies in which it invests.

This is Moody’s Standalone rating for ESIC.

At the moment we do not intend to, however, based on future requirements, we might plan on getting addition rating.

This could be a natural development for the future. However, it is still too early to start the process.

FINANCIALS:

The Financials will be published and available on a semi-annual and annual basis.

Fair value is determine through the real intrinsic value of the asset at bargain price.

All assets are 100% owned by ESIC.

Yes, all dividends are upstreamed to ESIC.

ESIC does not have any capex needs for the coming few years, therefore dividend will not distrusted or deviate from current levels and expectations.

Maximum dividend payout is 30% yearly, depending on the net income and the future needs to grow the company at the planned rate.

ESIC has no plan to issue debt in any form for the foreseeable future.

OTHERS:

Our risk and investment management are based on well-defined level of risk appetite, diversification and investment in high quality stable income generating assets. Our assets allocation takes into consideration long term outlook that factor in medium term cyclical forces.

ESIC does not provide or guarantee any funding at JV level.

FAB shares are one of our long term strategic investment that ESIC intends to keep as part of the core portfolio.

Ernst & Young