Key:

Corporate Finance and Corporate Advisory Services – CF

Treasury and Capital Markets – TCM

Structured Trade and Project Finance – STPF

Asset Management and Correspondent Banking – AMCB

Bank Management – BM

Full Service Commercial and Merchant Banking – MB

ANGOLA

Sociedade Mineira Do Lucapa Lda - USD 8.6 Million
Equipment Financing - March 2001
Structured, arranged and managed a financing facility for the purchase of infrastructural and earth-moving equipment. (BM)

Sociedade Mineira Do Lucapa Lda - USD 8.6 Million
Equipment Financing - March 2001
Structured, arranged and managed a financing facility for the purchase of cellular telephone equipment.(STPF)

Angola Telecom - USD 5.1 Million
Equipment Financing - November 1999
Structured, arranged and funded a financing facility for the purchase of cellular telephone equipment. (STPF)

Banco de Poupança e Crédito - N/A
Advisors - May 1999
Under a medium term, exclusive mandate with BPC, Loita was advisor to the bank regarding the establishment of a corporate banking unit responsible for originating, structuring, funding and participating in structured and corporate finance transactions in Angola, with the secondment of two senior Loita officers. (BM)

Angolan Bank Consortium - USD 6.8 Million
Medium Term Aircraft Financing - March 1999
Structured and arranged a three-year financing facility for the purchase of business aircraft by a consortium of four Angolan banks: Banco Nacional de Angola, Banco de Comercio e Industrial, Banco de Poupanca e Credito, and Caixa de Crédito Agro-Pecuaria e Pescas. Loita is currently managing the facility. (STPF)

Sociedade Mineira do Lucapa Lda - USD 10 Million
Medium Term Note Issuance Programme - July 1998
Structured and arranged a two-year medium term note issuance programme for one of Angola's largest diamond mining concerns, and placed the facility with international private sector investors. Loita is currently acting as managers of the programme. (TCM)

COTE D'IVOIRE

Société Internationale de Café-Cacao - FFR 50 Million
Pre-Export Financing - April 1997
Structured and arranged a short-term facility on behalf of SICC to finance the export of coffee and cocoa. Loita placed the facility with international financial institutions. (STPF)

GHANA

Ace Hotels - USD 3.5 Million
Acquisition - May 1998
Advised Ace Hotels on the acquisition of Kumasi Hotel, which was being sold by the Government of Ghana through its privatization programme. Loita structured and placed financing of USD 2.5 Million as a part of its advisory role. (CF)

KENYA

Motorway / Mutarata Group of Correspondent Companies - N/A
Corporate advisory services and financing facility - December 2001
Advised on and closed the acquisition of Kwik Fit East Africa Group on behalf of Motorway / Muturatara, and structured and arranged a USD 1 million financing facility for the new company.(CF)

Africa Air Rescue (AAR) Credit Services
Acquisition - December 2000
Loita Capital Partners acquired 35% of ordinary shares in AAR Credit Services to enhance its product offerings in securitisation.  It has since structured and arranged insurance premium financing facilities for AAR Credit Services for over 15 million Kenya Shillings. (AMCB)

International Finance Corporation - N/A
Correspondent - 1994 - 2000
Loita acts as official correspondent for the IFC in Kenya regarding its Emerging Markets Index. (AMCB)

Republic of Kenya - GBP 26 Million
Medium Term Note Issuance Programme December 1997
Structured a five-year note issuance programme for the Republic of Kenya to finance the importation of equipment supplied by Philips, and placed the notes with international investors.(TCM)

Nairobi Plaza Limited - USD 5 Million
Advisor - March 1997
Advised NPL on financing structures available for the construction of a shopping centre complex in Kenya. (CF)

The Acacia Fund - USD 1 Million
Placing - October 1996
Loita acted as placing agent to The Acacia Fund for the subscription of ordinary shares and shareholder loans. (AMCB)

MALAWI

Press Corporation Limited - MKW 100 Million
Commercial Paper Programme - September 2001
Loita Capital Partners and Loita Bank, Malawi structured, launched, placed and acted as fiscal agent for a 100 million Malawi Kwacha issue on behalf of Press Corporation Limited, a Malawian conglomerate.  This was the first commercial paper issue in Malawi's history. (TCM)

 Loita Bank, Malawi - USD 5 Million
Export Financing Facility - March 2000
Loita Capital Partners arranged a US$5,000,000 facility from African Export - Import Bank on behalf of Loita Bank, Malawi to contribute to LIB's export financing business.

Press Agriculture Limited - USD 2.8 Million
Agricultural Input Financing - February 2000
Structured, arranged and advanced a short-term facility on behalf of PAL to finance the purchase of agricultural inputs.(STPF)

Afrexim Bank - USD 5 Million
Export Financing - ongoing
Arranged and currently manage a credit line from Afrexim Bank to lend to Malawian traders. (STF)

Transglobe Exports - USD 2.5 Million
Import Financing - January 2000
Structured, arranged and placed a short-term import facility for educational supplies on behalf of the Malawi Ministry of Education.(STPF)

PTA Bank - USD 50 Million
Pre-Exp Fin - 1996-2001
Structured and arranged a short-term facility on behalf of the PTA Bank to finance the export of tobacco and non-traditional commodities. Loita placed the facility with international financial institutions and also acts as facility managers. (STPF)

PTA Bank - USD 6.88 Million
Note Issuance Programme - September 1999; ongoing
Advised, structured and placed a one to 5-year fixed rate currency-linked note for the PTA Bank. This was a first for both the PTA Bank and the Malawi capital market, and three successful issues have been effected thus far.(TCM)

Loita Bank, Malawi - N/A - 1999
Loita Investment Bank provides merchant and investment banking services to the Malawi corporate sector and officially opened in 1999. LIB is a wholly-owned subsidiary of, and is managed by, Loita Capital Partners International.(MB)

Finance Corporation of Malawi - N/A
Advisor - 1996 - 99
Under an exclusive mandate with Fincom, Loita advised the bank on management restructuring, business development and credit control. With the secondment of a senior officer until June 1999, Loita was responsible for returning Fincom to profitability, leading to its successful privatization in May 1999. (BM)

MAURITIUS

Loita Holdings Corporation Africa - USD 3 Million
Convertible Preference Share Issue - May 1999
Concluded an investment in convertible preference shares by the Southern Africa Enterprise Development Fund ("SAEDF").(CF)

Loita Capital Partners International Ltd/ Fintech International LTD - USD 2 Million
Medium Term Debt - May 1999
Concluded a 3-year committed multi-drawdown debt facility, made available by SAEDF. (CF)

MOZAMBIQUE:- SOCIETE MARROMEO

Marromeu Sugar Estate - USD 20.5 Million
Bridge Financing - May 2001
Structured and arranged a bridge financing facility on behalf of a consortium of Mauritian companies for rehabilitation of and investment in a major sugar estate in Mozambique.(STPF)

Banco Comercial de Moçambique - USD 10 Million
Export Financing - March 1997
Structured and arranged a financing facility on behalf of BCM for the export of timber and other commodities to the southern African region.(STPF)

RWANDA

Banque Continentale Africaine (Rwanda) - N/A
Advisors - June 1999
Under a medium-term, exclusive mandate with BACAR, Loita is responsible for overall management of the bank, with the secondment of three senior Loita officers.(BM)

SOUTH AFRICA

Explorer Corporation Holdings Limited - N/A
Acquisition - December 2000
Loita Capital Partners International acquired 34.9% of Explorer Corporation Holdings Limited, a credit card company listed on the Johannesburg Stock Exchange, thus becoming Explorer’s majority shareholder and making a valuable addition to the Loita technology group.  In 2001, Loita Capital Partners International has increased its shareholding in Explorer Corporation Holdings to 77.5%. SAEDF has since converted shares within the Loita Group for additional shares in Explorer Corporation Holdings Limited bringing the Loita Capital Partners shareholding to 67.94%. Explorer Corporation Holdings Limited has also acquired, 100% of Industrial Credit Corporation(ICC) of Zambia and ICC South Africa Ltd. ICC is Zambia's leading provider of lease finance and has been in operation for over 37 years, achieving a profit in each of these years and has started trading in South Africa under ICC South Africa. In March 2004, ICC Africa Holdings Ltd changed its name to ICC Africa Holdings Ltd in order to provide a base for ICC's Africa-wide leasing activities. Explorer Corporation (a public company and owned 67.94% by Loita Capital Partners International Ltd continues to focus on the card side of the business. (CF)

SUB-SAHARAN AFRICA REGION

EAST AFRICAN Development Bank - UShs 10 BILLION
Bond Issue - May 1997
Loita advised the EADB on a four-year floating rate bond issue for the EADB.(TCM)

EAST AFRICAN Development Bank - KShs 820 Million
Bond Issue - November 1996
Loita acted as placing agents for a three-year floating rate bond issue for the EADB.(AMCB)

REPUBLIC NATIONAL BANK OF NEW YORK - HSBC BANK USA - N/A
Representatives - 1996 - 2001
Under an ongoing, long term mandate, Loita has acted as the representative in Africa for Republic National Bank - now HSBC Bank USA -- one of the highest-rated banks in the United States. Loita's responsibilities on behalf of RNBNY-HSBC included loan syndication, asset management and correspondent banking activities.(AMCB)

Eastern and Southern African Trade and Development Bank (PTA Bank) - N/A
Advisors - 1995 - Present
Appointed as investment banking advisors to the PTA Bank, the largest regional bank in the COMESA region. In this capacity, Loita advises the PTA Bank regarding its trade financing structures and capital markets issues throughout the region, comprising 15 countries.(BM)

HSBC Bank USA, Equator Bank - N/A
Advisors - 1992 - 94
Under a management contract with HSBC Bank USA, and Equator Bank, Loita was responsible for enhancing market share and profitability for the bank in its existing markets, and for expanding the bank's business into new markets. Loita successfully completed its mandate within half the contract period. (BM)

TANZANIA

VIP Engineering LTD - N/A
Advisors - July 1996
Valued VIP Engineering's cellular franchise license in Tanzania, and advised VIP in its joint-venture negotiations with Tri-Telecommunications of Malaysia.(CF)

1^st Adili Bancorp - N/A
Advisors - 1995
Under a management contract with 1^st Adili, Loita advised the bank on its operations management and business development, with the secondment of a senior Loita officer.(BM)

UGANDA

PTA Bank - UShs 5.5 BILLION
Currency-Linked Bond Issue - May 1999
Advised, structured and placed a 5-year fixed rate currency-linked bond issue for the PTA Bank. This was a first for both the PTA Bank and the Uganda capital market.(TCM)

PTA Bank - UShs 15 BILLION
Bond Issue - March 1999
Advised, structured, placed and listed a 5-year floating rate bond issue on behalf of the PTA Bank. This was the PTA Bank's first bond issue.(TCM)

Sembule Steel Mills - USD 6.6 Million
Medium Term Debt Restructuring - November 1998
Structured and arranged a 5-year debt refinancing facility for Sembule. Loita successfully recruited new senior management under a corporate restructuring plan.(CF)

ZAMBIA

Industrial Credit Corporation- N/A
Acquisition - September 2000
The Loita Group acquired 100% of the shares of the Industrial Credit Company, the leading provider of leasing finance in Zambia, from the Commonwealth Development Corporation.(CF)

PTA Bank - USD 10 Million
Currency-Linked Bond Issue - February 2000
Advised, structured and placed a 5-year fixed rate currency-linked bond issue for the PTA Bank, which is listed on the Lusaka Stock Exchange. This was a first for both the PTA Bank and the Zambian capital market.(TCM)

Development Bank of Zambia - USD 20 Million
Trade Receivable Securitization - May 1995
Structured, arranged and placed a facility securitising DBZ's export receivables, and advised DBZ on balance sheet restructuring.(CF)

ZIMBABWE

Zimbabwe Steel Company - USD 30 Million
Receivables Securitization - December 1999
Arranged and placed a short-term facility securitising ZISCO's export receivables.(STPF)

Prime Bank of Zimbabwe - USD 20 Million
Structured Finance Facility - November 1999
Structured and arranged a revolving finance facility on behalf of Prime Bank.(AMCB)

Time Bank of Zimbabwe - USD 15 Million
Structured Finance Facility - July 1999
Structured and arranged a revolving finance facility on behalf of Time Bank.(AMCB)

Zimbabwe United Passenger Company - N/A
Advisor - May 1999
Advised ZUPCO in its efforts to achieve privatization and introduce a technical partner.(CF)

First Banking Corporation - USD 20 Million
Export Financing - January 1999
Structured and arranged a short-term facility for the financing of exports on behalf of FBC's agricultural commodity and other clients.(STPF)

Zimbabwe Express Airlines - USD 5 Million
Securitisation - December 1998
Structured and placed a securitisation facility against Zimbabwe Express' IATA ticket sales.(CF)

PTA Bank - USD 75 Million
Pre-Export Financing - 1996 - Present
Structured and arranged a revolving short-term facility on behalf of the PTA Bank to finance the export of gold, tobacco, asbestos and nontraditional commodities. Loita placed the facility with international financial institutions, and also acts as facility managers.(STPF)

Heritage Investment Bank - USD 50 Million
Export Financing - April 1996
Structured and arranged a short-term facility for the financing of cotton and other nontraditional exports.(STPF)

Cluff Resources - USD 20 Million
Gold Loan - November 1994
Structured and arranged the first medium-term gold loan in Zimbabwe.(CF)