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SUBSIDIARY NAME

ONTBYTSAKE (PTY) LIMITED

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

JUNE 29TH 2021

ACQUISITION VALUATION

$120 MILLION USD

TOTAL ASSET VALUATION

1.2 BILLION USD

ENERGY-OIL-REFINERY-GAS

SPV – ONTBYTSAKE (PTY) LTD: IIB-DG acquired (SPV – Ontbytsake (Pty) Ltd on 29th June, 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.

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