Investor Presentaiton

FIT Rates in Other Countries Adjusted Philippines Technology (NREB- Philippines Malaysia¹ Thailand Germany Spain (at Equity IRR Approved) at 8%) 3.31 to Biomass 7.00 5.91 3.74 to 4.00 3.45 Run-of- River 6.15 3.32 3.31 to 5.04 4.40 to 5.32 Hydro Solar 17.95 12.66 12.23 to 18.28 13.82 19.57 to 26.35 14.09 to 26.95 Wind 10.37 7.51 Ocean 17.65 12.59 7.92 to 9.24 5.64 4.47 1/ Assumed exchange rate is Php14.3915 for every Malaysian ringgit as of May 2011

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