CAPITALIZATION AND INDEBTEDNESS The following table sets by lanyuehua

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									                                           CAPITALIZATION AND INDEBTEDNESS

          The following table sets forth our borrowings, equity and capitalization as of December 31,
2011:

          •      on an actual basis under IFRS; and

          •      as adjusted to give effect to the issuance of the Notes of US$600 million and underwriting
                 fees and commissions and estimated expenses of US$12.8 million.

     The as adjusted information below is illustrative only and does not take into account any changes
in our borrowings and capitalization after December 31, 2011.

                                                                                                                   As of December 31, 2011
                                                                                                                                    As
                                                                                                                     Actual      adjusted
                                                                                                                    US$’000      US$’000
Current borrowings: (1)
 Existing Standard Bank Facilities Agreement (2) . . . . . . . . . . . . . . . . . . . . . .                       298,750       298,750
 Other current bank borrowings (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                34,818        34,818
 Convertible bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          83,508        83,508
      Total current borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       417,076       417,076
                                     (4)
Non-current borrowings:
 Bank loans (5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     144,661       144,661
 Notes to be issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              –       587,231 (6)
 Total non-current borrowings (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              144,661       731,892
Equity:
  Profit attributable to the equity shareholders of the Company . . . . . . . . . . . .                            119,090       119,090
Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   768,864       768,864
Total capitalization (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       913,525     1,500,756

Notes:

(1)       Includes nil of borrowings incurred by our subsidiaries who are not guaranteeing the Notes. See “Description of Other
          Material Indebtedness – Existing Standard Bank Facilities Agreement” and “Description of Other Material Indebtedness
          – Khan Bank Loan Agreement” for a description of the security interests granted pursuant to our Existing Standard Bank
          Facilities Agreement and our Khan Bank Loan Agreement, respectively.

(2)       On March 23, 2012, we plan to repay the aggregate principal amount of US$300.0 million of the Existing Standard Bank
          Facilities Agreement. As of December 31, 2011, the amount outstanding under this facility was US$298.8 million after
          netting off attributable transaction costs, all of which was recorded as current bank borrowings. The table above has not
          been adjusted for this repayment.

(3)       Current borrowings also include the current portion of long-term debt.

(4)       Includes nil of borrowings incurred by our subsidiaries who are not guaranteeing the Notes. See “Description of Other
          Material Indebtedness – US$180 Million EBRD, FMO and DEG Loan Agreements” for a description of the security
          interests granted pursuant to our EBRD, FMO and DEG Loan Agreements.

(5)       On March 8, 2012, we entered into the New Standard Bank Facilities Agreement with Standard Bank, pursuant to which
          Standard Bank and potentially a syndicate of lenders have agreed to make available to us term loan facilities of up to
          US$300.0 million. See “Description of Other Material Indebtedness – New Standard Bank Facilities Agreement”. On
          March 14, 2012, we drew down US$50.0 million under the facilities for our cash needs. We plan to draw down US$150.0
          million on March 23, 2012 to repay a portion of the outstanding amount under the Existing Standard Bank Facilities
          Agreement. On or before March 29, 2012, we will provide notice to Standard Bank to reduce the size of the New
          Standard Bank Facilities Agreement to US$200.0 million. See “Description of Other Material Indebtedness – New
          Standard Bank Facilities Agreement” for a description of the security interests granted pursuant to our New Standard
          Bank Facilities Agreement. The table above has not been adjusted for this borrowing.

(6)       Estimated net proceeds to our Company, after deducting underwriting fees and commissions and estimated expenses.

(7)       Total capitalization includes total equity and total non-current borrowings.

    Except as disclosed above, there has been no material change in our capitalization since
December 31, 2011.


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