This material (the “Material”) is solely for the use of the recipient who has received it directly from Stichting Clean Energy and Energy Inclusion for Africa for information and discussion purposes only. This Material and any information contained herein is property of Stichting Clean Energy and Energy Inclusion for Africa and should not be copied or circulated, in whole or in part, without the prior written consent of Stichting Clean Energy and Energy Inclusion for Africa. This Material does not, and is not intended to, constitute an offer or solicitation, nor is it the basis for any contract for the purchase or sale of any investment, security or product. Neither this Material nor any other offering or marketing material constitutes a prospectus pursuant to the FinSA.

This Material has not been reviewed, approved or disapproved by any regulatory authority in any jurisdiction. The distribution of this Material in certain jurisdictions may be restricted by law. It is not for use by members of the public (within the meaning of EU Regulation No 575/2013 or any other equivalent rules), consumers or retail customers under any circumstances and is for members of a pre-defined group of investors or high-net-worth companies only in jurisdictions where this is a requirement. Stichting Clean Energy and Energy Inclusion for Africa disclaims any and all liability relating to a decision based on or for reliance on this Material. By accepting this Material, the recipient represents that it is not a member of the public (within the meaning of EU Regulation No 575/2013 or any other equivalent rules), consumer or retail customer and that it is able to receive this Material without contravention of any applicable legal or regulatory restrictions in the jurisdiction in which it resides or conducts business. Stichting Clean Energy and Energy Inclusion for Africa does not accept any responsibility for ensuring that a recipient complies with applicable laws and regulations.

The information set forth in this Material does not purport to be complete and is subject to change without notice. This Material shall not be deemed to constitute investment advice and/or tax, accounting, regulatory, legal or other advice and it should not be relied upon as the basis for a decision to enter into a transaction or as the basis for an investment decision. The recipient is urged to consult with its own advisers with respect to legal, tax, regulatory, financial, accounting and other matters concerning any investment decision.

This Material does not constitute investment advice, an offer to sell or a solicitation of an offer to purchase interests. Any such offer or solicitation shall be made only under a bilateral, separate agreement with Stichting Clean Energy and Energy Inclusion for Africa in compliance with relevant laws and regulations.