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SUBSIDIARY NAME

SURF RIDGE HOLDING (PTY) LTD

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

APR 14, 2022

ACQUISITION VALUATION

500 MILLION USD

TOTAL ASSET VALUATION

5 BILLION USD

ENERGY-OIL-REFINERY-GAS

SURF RIDGE HOLDING (PTY) LTD: IIB-DG acquires 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.

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