Funding Progress The core lending group consisting of the largest Development Financing
Institutions (DFIs) and EXIM-banks continued working with Allana
throughout 2014 in anticipation of the optimization results
New DFIs based in Africa have expressed their interest in funding the
project
Several large European and US-based commercial banks engaged with
Allana to join the existing lender group
Term sheets with these banks are under discussion
The debt package to consist of DFI tranche and commercial tranche, most
likely to come in at the same time
Allana is in discussions with royalty financing groups to fund the remaining
portion of financing requirements (term sheets are being negotiated)
Target timeline for completion of debt commitments is mid-2015, with
potential to start initial construction activity in advance of debt closing