Investor Presentaiton

Responses to Reported Concerns (continued) Demand Reported concern: Off-grid generators may not switch to the grid with the arrival of AHP Response: Independent surveys of self-generators indicate that most prefer to be on the grid if power can be supplied reliably and at reduced cost (two key attributes of the Project); the Project has earned strong support from the business community, as evidenced by recent statements from entities like the Private Sector Commission. Reliability Reported concern: AFHI can cause blackouts six different ways Response: AHP has built in significant redundancies to deliver reliable power. Those redundancies include generating power from four units that can each operate independently. The transmission system includes dual circuits each capable of evacuating 100% of the plant output. In terms of plant operations, Sithe Global's hydropower plant in Uganda (i.e. Bujagali) has a 99% average availability factor. GPL Management Reported concern: GPL does not have the ability to manage the Project and take the power Response: GPL's ability to manage the Project has been investigated by Sithe Global and the lenders (i.e. IDB and CDB) and important changes are being implemented. Among other efforts, GPL is spending significant resources to upgrade its grid with the help of IDB and Chinese funded projects. 22 22 SITHE GLOBAL

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