Page 5 - TERM SHEET - PROJECT FINANCE CONCEPTION - english

The concept makes it clear that project finance is a financing method in which the project itself and its expected

cash flow are the main sources of credit for the lenders.

minimum- medium- maximum-
Financing volume Financing volume Financing volume
US$ 10,000,000 US$ 250,000,000 US$ 500,000,000

percentage percentage percentage
Equity ratio Equity ratio Equity ratio
US$ 250,000 = 2.50% US$ 850,000 = 0.35% US$ 1.450,000 = 0.29%

The share of the equity provided ("equity") serves the debt or guaran-tors as a measure of the interest of the initiators in the project, the

borrowing costs and the loan funds assurance. Our „project financing conception“ is oriented to a minimum financing volume of $ 10
million up to a maximum of $ 500 million per object/project. For this financing volume the borrower has equity ratio to at least to provide $

250,000 up to a maxi-mum of $ 1,450,000 million cash capital. This corresponds with an equity ratio of from a maximum of 2.50% to a

minimum of 0.29%, based on the required financing volume. The higher the financing volume, the lower the percentage of the equity ratio
that is then to be provided.