Dividend Policy

The objective of the Company remains to provide Shareholders with an attractive overall return from their investment in the Company. In the view of the Directors, the infrastructure projects into which the Group invests should generate predictable and long term cashflows following the commencement of stable operations.

In particular, following the generation of predictable revenues from the Company's investments, the Directors intend to give appropriate consideration to the commencement of the payment of a regular dividend, which is anticipated to be within the next 12-24 months (as at February 2011), subject to the availability of an appropriate level of distributable reserves, the Law and the Articles. Any such decision will be based on the intention of the Board to start generating an income stream for investors in the Company, while ensuring the retention of an appropriate level of earnings consistent with the management of the Company's activities.

Infrastructure projects typically produce long term steady revenues once the asset is in operation, extending over the life of the concession awarded. The Directors believe that these long term revenue streams will allow the Company to generate dividend payments in due course.