Africa Wild

1.2. Funding Structure
The funding structure for the development will only be finalised after the completion of the Basic Environmental
Assessment, in 2015. However, all parties have committed to the following approximate shareholding:
 13.5 % held by Community Trust, financed by the Industrial Development Corporation (IDC) and the
Public Investment Corporation Ltd. (PIC).
 20.0 % held by BEE shareholder - Siyazi Management Consultants, owned by Senzo Tsabadze,
funded mostly by internal resources, with assistance from the IDC.
 20% held by the Operator Carlson Rezidor Hotels, which will be funded 50% by its shareholder, the
Danish Fund for Developing Countries ("IFU") and 50% by AfriNord Bank Ltd, which has been formed
to finance the expansion of Carlson Rezidor Hotels in Africa. The shares will be held by Carlson
Rezidor's South African subsidiary, RHW Joint Venture Ltd.
 26.5% held by the Promoters of MSRI, which comprises Secprop 118 Investments (Pty.) Ltd and
Cradle of Man Ltd.
 20.0% held by the Public Investment Corporation Ltd. - with the objective of transferring these shares
to the Community Trust in future

Richprins wrote:IFU was named as commited funder without this being true, end of story!