OIL & GAS ENERGY RESOURCES

The Oil & Gas investment portfolio (which will include investments in Chemicals), consists of largely passive investments to which we holds respective director representations in order to add further value and guidance from a governance and strategic growth perspective. Certain investments in this portfolio are in the process of migrating to Services e.g. whilst significant value has already been created in this portfolio, SIDECO is confident that these investments will continue to return market beating results. SIDECO stands to further benefit financially from several investments which are close to their maturity dates for us to exercise its embedded real options in the portfolio. , produced 23,000 ounces of gold in 2013 at all-in sustaining costs of $1,138 per ounce Nam pretium eros etique. id placerat augue ultricies.

Our Energy & Resources takes advantage of the fact that significant resource and energy infrastructure development has to still take place within Africa. This pillar holds both upstream (exploration and production) assets such as coal mine and gas field developments, as well as downstream assets such as East Africa's largest oil refinery and fuel distribution network. The Energy & Resources Division is further geared to monetise and maximise the value of its producing and infrastructure assets across the value chain. The success of our renewable power business is testament to the fact that Africa can compete with the best in the world in this sector. .

• Oil & Gas Energy and Resources Investments.
• Mining Resources Business.
• Solar Power & Water Exploration.

Mining Resources Business Mining Resources ("SIDECO") invests in mining assets and mining services and supplies across Africa. Although the newest division, SIDECO is regarded as a potentially significant contributor to the future capital growth of the Group portfolio in the medium to long term. Solar Power & Water Business With mounting global pressure on traditional energy sources and infrastructure, DGA identified renewable energy, power and related infrastructure as significant economic growth nodes in the medium to long term within the Africa region which has typically relied on thermal power generation in the past. SIDECO has already positioned itself as a recognized player in the African renewables sector by forging long term relationships through joint ventures and equity partnerships to actively invest in sustainable projects. .