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EFTA01366521

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Amendment #4 Page 92 of 868 Alt Cofpena transfer of capital to foreign recipients or both For example, South Alma current,/ has an exchange control regime wench includes resuctors on exporting captal from South Afnca and which may accordingly place constraints on cash flows from the South African projects While exchange controls have been relaxed in recent years. South African companies remain sttject to restridons on their ably to raise and deploy <aortal outsde of the Southern Nncan Common Monetary Area. Sim/any. corry:enies roorporated in India are subject to regulatory restnctons on borrowing in foreign currencies and the venting of security interests in collateral Such restrictions could time our ability to raise financings on con-petlive terms and refinance ex.sbng indebtedness Addrtonally. ov abi Ay to borrow money against the oceateral located ri India is subject to exchange control regubtrons in India and may requ re the poor approval of the moan regulatory a.thorrties The assumptions undertying the Ibrecasts and targeted growth rate presented elsewhere in this prospectus are Inherently uncertain and Subject to significant business. economic, financial. regulatory and competitive risks that could came our actual cash available for distribution. in the aggregate podia on a per- Shale basis, to differ materially from ow forecasts. The forecasts presented elsewhere m this prospectus unit include pumas I rot arc in our intial portfolio and were prepared usng assumption that our management behaves are reasonable. See 'Cash dividend policy—Assurrpoons and considerations ' These induce assumpons regarding the future operating costs Cl our facilities, the dates that peclects in our irdel portfolio wil reach COO, our facilites future level cf power generation merest rates, admnivrative expenses, tax treatment of income, Muse capes eimendetre requrements, budget and the absence of material adverse changes in economic cordials or government regulations

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