SUBSIDIAIRY NAME	COUNTRY	SECTOR/INDUSTRY	OWNERSHIP %	ACQUISITION DATE	ACQUISITION VALUATION	TOTAL ASSET VALUATION
JUBILEE LAKES	SOUTH AFRICA	ENERGY	51% IIB-DG	JULY 15TH 2021	$220 MILLION USD	2.2 BILLION USD
CONCREEK IIB UTILITIES	SOUTH AFRICA	ENERGY	51% IIB-DG	JULY 2ND 2021	$150 MILLION USD	1.5 BILLION USD
ZAMOFLO PTY LIMITED	SOUTH AFRICA	ENERGY	51% IIB-DG	JUNE 29TH,2021	$510 MILLION USD FOR 20 YEARS	5.1 BILLION USD
ONTBYTSAKE (PTY) LIMITED	SOUTH AFRICA	ENERGY	70% IIB-DG	JUNE 29TH,2021	$120 MILLION USD	$1.2 BILLION USD
TFS/IIB-SPV (PTY) LTD	SOUTH AFRICA	ENERGY	70% IIB-DG	AUGUST 20TH 2021	$2.3 BILLION USD	23 BILLION USD
TFS SOLAR PANEL PLANT	SOUTH AFRICA	ENERGY	70% IIB-DG	JULY 16TH 2021	2.2 BILLION USD	22 BILLION USD
CATO RIDGE DRY PORT	SOUTH AFRICA	PROCUREMENT	70% IIB-DG	APR 22, 2022	11 BILLION USD	110 BILLION USD
COLLATERAL TRADING COMPANY PTY LTD	SOUTH AFRICA	ENERGY	70% IIB-DG	APR 22, 2022	1.5 BILLION USD	11.5 BILLION USD
COLLATERAL TRADING COMPANY PTY LTD	SOUTH AFRICA	ENERGY	70% IIB-DG	APR 18, 2022	2.5 BILLION USD	22.5 BILLION USD
SURF RIDGE HOLDING (PTY) LTD	SOUTH AFRICA	ENERGY	70% IIB-DG	APR 14, 2022	500 MILLION USD	5 BILLION USD
THE THABISO SHARE TRUST	SOUTH AFRICA	ENERGY	70% IIB-DG	MAY 15, 2021	510 MILLION USD	5 BILLION USD
SOLARUS PTY LTD	SOUTH AFRICA	ENERGY	100% IIB-DG	MARCH 25, 2021	510 MILLION USD	5 BILLION USD
KLIPDRIFT IIB GB	SOUTH AFRICA	ENERGY	70% IIB-DG	JULY 20, 2021	510 MILLION USD	5 BILLION USD
WAKEFILD COLLIERY SOUTH AFRICA LIMITED	SOUTH AFRICA	CONSTRUCTION	70% IIB-DG	APR 2, 2022	2.6 BILLION USD	26 BILLION USD
LAMININ TELECOMS (PTY) LIMITED	SOUTH AFRICA	INFRASTRUCTURE	70% IIB-DG	MAY 9, 2022	45 BILLION USD	450 BILLION USD
ANCHORA ENTERPRISES (PTY) LTD	SOUTH AFRICA	SHIPYARD, DOCKS	70% IIB-DG	MARCH, 2021	120 MILLION USD	1.2 BILLION USD
EASTERN CORRIDOR HOUSING ESTATES	SOUTH AFRICA	HOUSING	70% IIB-DG		4010 MILLION	40.1 BILLION
COALDOCKS.COM	SOUTH AFRICA	COAL	70% IIB-DG	MAY 23, 2022	2.2 BILLION	22 BILLION
CONNECTING SOUTH AFRICAN CITIZENS TO INTERNET AND BROADBAND SERVICES THROUGH DIGITAL TECHNOLOGIES IN THE DIGITAL ECONOMY ERA	SOUTH AFRICA	TELECOMMUNICATIONS	70% IIB-DG	MAY 09, 2022	45 BILLION	450 BILLION
MEXICO GOLD MINE PROJECT	SOUTH AFRICA	GOLD MINING	70% IIB-DG	MAR 16, 2022	20 BILLION	200 BILLION
CATO RIDGE PORT	SOUTH AFRICA	CONSTRUCTION/DEVELOPMENT	70% IIB-DG	MAY 18, 2022
SHIPBUILDING; SHIP REPAIR; HEAVY LIFT SYSTEM AND FLOATING DOCKS	SOUTH AFRICA	SHIPYARD, DOCKS	70% IIB-DG	MAY 23, 2022
DISCOVERY INVESTMENTS (PRIVATE) LTD	SOUTH AFRICA	ENERGY	70% IIB-DG	NOV 24, 2021	1.42 BILLION	14.2 BILLION
THE VAAL RIVER STUDENT VILLAGE	SOUTH AFRICA	CONSTRUCTION/DEVELOPMENT	70% IIB-DG	APR 07, 2021	632 MILLION	6.32 BILLION
EASTERN CORRIDOR HOUSING ESTATES	SOUTH AFRICA	HOUSING	70% IIB-DG	MAR 31, 2021	582 MILLION	5.82 BILLION
WAKEFILD COLLIERY SOUTH AFRICA LIMITED	SOUTH AFRICA	COAL MINING	70% IIB-DG	APR 2, 2022	2.6 BILLION	26 BILLION

ENERGY, OIL REFINERY, and GAS

JUBILEE LAKES: IIB-DG acquired The Jubilee Lakes Residential and Solar Project on July 15, 2021, for the purpose of implementing, building, and roll-out with the specific intent of addressing job creation, poverty alleviation, and economic development in the Region. The Project will also focus on the development of roads, houses, a golf course with related amenities, a wave park, water, electricity, and critical infrastructure projects.

CONCREEK IIB: IIB DG acquired Concreek IIb on July 15, 2021, for the construction of a large water storage dam (+/-2.3 million m3) with associated infrastructure such as bulk services infrastructure, purification, bottling plants, contractor lay-down areas, camps, and facilities necessary to complete the construction. In the second phase, IIB will construct a solar plant(+/-20MW) to generate and store electricity with associated infrastructure to be fed into the national grid and supply power to public and private clients.

ZAMFOLO PVT LIMITED: IIB-DG, on June 29, 2021, acquired Solarus SA (PTY) Ltd in South Africa for the purpose of designing, constructing, operating, and management of a solar power project in Kimberly province (Mathjabene & Motlasana), with the specific intent of technology transfer through partnership, job creation for the benefit of the people of the Republic of South Africa. This project does not require any direct or indirect financial support from the Government.

(SPV – ONTBYSAKE (PTY) LTD: IIB-DG acquired (SPV – Ontbytsake (Pty) Ltd on June 29, 2021, with the sole responsibility to procure, deliver, install and commission the 80MW Solar Renewable Energy Farm near Bela Bela on the farm Sondela through private participation on, Build, Own, Operate and Transfer (the “BOOT”) basis for the benefit of the people of the Republic of South Africa.

TFS/IIB-SPV (PTY) Ltd: IIB-DG acquired TFS/IIB-SPV (PTY) Ltd for the purpose of Development, construction, and infrastructure for a MgSi Plant, Ingot, Wafer, Cell, and PV Module Manufacturing Plant, Low Iron Tempered Glass Plant. Development, construction, and infrastructure for a 100MW Solar Farm and a 100MW Vanadium Redox Flow Battery Plant, with the specific intent of addressing Job Creation, Poverty Alleviation, and Economic Development in the Region.

FULL FIRE AFRICA ENERGY PRIVATE LIMITED: IIB-DG acquired Full fire Africa energy private limited for the purpose of designing, financing, constructing, and developing a 750W Grid Connected Solar Photovoltaic park with the specific intent of technology transfer through partnership, job creation for the benefit of the people of the Republic of South Africa.

COLLATERAL TRADING COMPANY PTY LTD: IIB-DG acquires COLLATERAL TRADING COMPANY PTY LTD on APR 18, 2022. to conduct a conceptual study for a project in the Waterberg Coalfield of South Africa on the farm Majama Zyn Koppie 254 LQ (“the project area”). Collateral is seeking to raise capital from the Industrial Development Corporation (“IDC”) of South Africa to advance the project and has been advised to seek technical advice from an independent consultant to conduct a due diligence review on the existing geological report.

SUR RIDGE HOLDING (PTY) LTD: IIB-DG acquired Surf Ridge Holding (PTY) LTD on APR 14. 2O22 Convinced of the importance of investment with a knock-on effect on the economy of the country and the creation of employment. Considering the IIB-DG is a company located in Washington DC, United States of America, which has significant development resources (technical, physical, financial, and management capacity) and wishes to participate in the design, financing, construction, and execution of the project. Considering that the owner and IIB Development Group, LLC are ready to cooperate and wish to jointly pursue, in the form and manner agreed upon in the final agreement, the execution and financing of the project.

SOLAR PARK PROJECTS: The proposed Sondela (Bel-Bela) Solar Park (75 MW) is approved and registered in the name of Lewton (Pty) Ltd. The Klipdrift Solar Park (75 MW) is proposed for the Remaining Extent of the farm. Klipdrift, 20 Jacobsdal RD, Free State Province. The proposed Holsdam Solar Park (80 MW) is in the process of being finalized. The proposed Koopmansfontein Solar Park (30 MW) is in the process of being finalized.

TRANSPORT and AVIATION

CATO RIDGE DRY PORT: The Cato Ridge Development Project is aimed at improving the Port’s efficiency and creating additional capacity through the decongestion of the Port Precinct and Durban CBD in an attempt to keep up with economic growth. The Cato Ridge Dry Port will improve Durban Port efficiency as it is one of the main determinants of international transport costs, and this will reduce the overall cost of logistics.

REAL ESTATE

VERITAS GROUP LIMITED: The Veritas Group Limited, incorporated in Bermuda, has created a portfolio of a project that it seeks to fund via the IIB Development Group SPV funding SBLC scenario through our subsidiary in the USA, Veritas USA Inc. We have obtained security instruments in the form of an A+ rated SBLC for $100m USD as well as investment estimated at $22m USD in developer funds. The developer’s funds were invested as part of development in the Highland Country biomass to renewable natural gas (RNG) project, Florida and six property developments in Western Cape and one in Johannesburg, Gauteng, South Africa, combined.

WAKEFIELD COLLIERY SOUTH AFRICA LIMITED: WAKEFIELD Colliery Pty Ltd was engaged by the shareholders of Wakefield Colliery (Wakefield) to prepare an Independent Technical Review (ITR) of the technical inputs to the life of mine (LOM) plan and inputs to the financial model of Wakefield Colliery. Wakefield Colliery has declared an Opencast and Underground mineable tonne in situ (MTIS) Coal Resources of approximately 7 million mt, scheduled for a 5 – 6-year mine life. The envisaged yield for the full seam mining ROM Coal is approximately 95 % for the Opencast and 68.7% for the Underground section. Wakefield Colliery (Pty) Ltd concluded an agreement in respect of the Sale of the Mining Right (Ref. No.: 263MR), held by Sudor Coal (Pty) Ltd on December 17, 2019. The Mining Right entails the mining of coal in various areas on portions 9, 10, and portion 15 of the farm AANGEWYS 81 IS, Bethal District, Mpumalanga Province. Wakefield Colliery will commence with the mining operations.

THE THABISO SHARE TRUST: The Thabiso Share Trust, Johannesburg, South Africa, builder, owner, and operator of Klipdrift Solar Farm – 430MW.

KLIPDRIFT: This LOAN FINANCING AGREEMENT: is made and entered into this July 20, 2021, and between Klipdrift IIB GB – Registration No: 2019/241470/07 located at Jacobsdal, Free-State. Hereinafter will be referred to in this contract as “the Borrower.” IIB DEVELOPMENT GROUP, a District of Columbia limited liability company, file # L0006082701, and Id National EIN # 83 -4468308, having principal offices located at 1050 Connecticut Ave., N.W., 5th Floor, Washington D.C. 20036 Hereinafter referred to as “Funder.” Borrower and Funder are hereinafter collectively referred to as “PARTIES” and each individually as “PARTY.” The borrower has requested the Funder to make a loan to the borrower, and the Funder has agreed to make the loan described in this Loan Agreement to the borrower on the terms and conditions set forth in this Loan Agreement. The borrower has requested the Funder to enter into this Funding Loan Agreement under which the Funding Funder (i) will advance funds (the “Funding Loan””) to or for the account of the Funder, and (ii) apply the proceeds of the Funding Loan to make a loan (the “Borrower Loan””) to the borrower to finance the building of the Klipdrift 430MW Solar Farm (the “Project”).

MINING

COLLATERAL TRADING COMPANY PTY LTD: IIB- DG acquires COLLATERAL TRADING COMPANY PTY LTD to source for investors to finance a coal mining project in South Africa. Coal is a source of energy that powers electricity engines. The project owner is keen to have a serious partnership agreement with the investment group to ensure that the coal project comes to life. The amount needed to undertake this project is about $45 million.

TELECOMMUNICATION and IT

LAMININ TELECOMS (Pty) LIMITED: This project will provide quality broadband communication services in the country and create job opportunities for communities living in the area where the project is being implemented. Community upliftment and economic development through job creation are vital in ensuring project ownership by community members, which has a direct bearing on the project’s success. The following figures indicate our serious intentions to contribute to reducing unemployment, especially for youth and women.