Concept

Information Memorandum

Value proposition

THE MEDIA

THE PLAYERS

INVESTMENT FLOW DIAGRAM

Kisby Loans to SMEs

Senior Note

Amortising loans

Term: 12m – 36m

Interest Rate: Circa 19.75% (12.5% above Prime)

Security sought as required / available

Expected Principal: R1m – R20m

Targeted to approximate 80% of initial capital + reinvested capital

Targeted towards majority of SMEs requiring traditional solutions

Impact Capital

Quasi-equity loans targeted to support specific identified SMEs.

No capital repayment during term – bullet settlement with potential equity conversion at Kisby election.

Term: Approximate 48 months

Interest rate: Targeted CPI + 2.5% = 7% (equivalent to Prime – 0.25%)

Equity participation to yield targeted 15% real return

Targeted towards SMEs with special circumstances and cash flow constraints but allowing for shared value creation