AetherGas Energy Business Plan — Confidentiality & Important Notice

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Confidentiality & Important Notice

This document (the “Business Plan”) has been prepared by AetherGas Energy (Pty) Ltd (the “Company”) to provide prospective lenders, development-finance institutions and equity investors with preliminary information to assist them in evaluating a possible participation in the funding of the Company. It does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities, nor shall it form the basis of, or be relied upon in connection with, any contract or investment decision.

The financial projections are forward-looking. The headline revenue, EBITDA and production volumes reflect the sponsor’s commercial projections and are preserved exactly. Everything beneath EBITDA, depreciation, interest under a project-finance structure with capitalisation during construction, taxation, working capital and the funding cash flow, has been independently re-derived by the analyst on a stated set of assumptions; the balance sheet ties to zero in every year by construction and is machine-verified. Where the re-derivation surfaces material findings, these are disclosed transparently in Section 18 rather than smoothed. Actual results may differ materially. No representation or warranty is given as to accuracy or completeness, and no liability is accepted for any loss arising from use of this document.

By accepting this Business Plan, the recipient agrees to keep its contents confidential and to use it only for the purpose stated above. Market statistics are directional estimates from public industry sources current to mid-2026 and should be re-verified in lender due diligence. Distribution in certain jurisdictions may be restricted by law.

NoteOn the figures in this plan

Revenue, EBITDA and production volumes are preserved exactly as briefed. All statements below EBITDA are independently modelled using South African corporate tax (27% with assessed-loss carry-forward), a project-finance debt structure with interest capitalised during construction, and working capital at 11% of revenue. Independent findings, including the true peak funding requirement and the exit-multiple dependency of returns, are surfaced honestly in Section 18.