Standard Chartered Bank Renewable Energy & Environmental Finance

1. Standard Chartered Bank Renewable Energy & Environmental Finance

2. International footprint Focus on Asia, Africa and the Middle East Standard Chartered Bank – 150 years and Growing • Listed on London and Hong Kong Stock Exchange • Focus on Asia, Africa and Middle East • Presence in London/EU, New York and Americas • Footprint covers 70 countries with 73,000 employees and 115 nationalities • “One-stop shop" bank across debt, M&A, equity and principal (250 professionals) • 15,000 banking client relationships • Dedicated Renewable Energy & Environmental Finance (REEF) teams in London and Singapore

3. SCB’s Approach to Renewable Energy & Environmental Finance Renewable Energy - Key Pillar of REEF “REEF” – Global Issues / Local Deals • SCB footprint • 70% of population / 60% of energy growth • 75% of CO2 growth • +/- 50% of key RE resource Agriculture / Forestry Land use, Forestry, Bio fuels, Biomass Water - Key input to Agri. Renewable Energy + Environmental Finance Tech, capital, Products Capital, Products Phase II Sector / Policy is Global Phase I Water/ Waste Renewable Energy (RE) • Energy for water distribution • Water in energy generation • Europe • Policy support • Implementation experience • US • Policy Leader • “Green” stimulus • “Best in class” Technology and VC / PE Phase I : REEF strategy (present) focus Phase II : REEF strategy (expanded)focus “You don’t solve problems using the same kind of thinking that got you into the problems in the first place”Albert Einstein

4. SCB Activities in REEF Sector

5. SCB Footprint – Endowed with Abundant Solar Energy • SOLAR ENERGY • Regions circled have solar potential of 261,649TWh • Global Electricity Generation in 2008 was 20,202TWh i.e. solar energy potential in selected regions 13x higher • Installed capacity estimated for 2008 of ~15 GW** - under 1% of the solar resource potential • Compelling scale and cost characteristics • Market growing at 40% - 50% CAGR • Global policy support strengthened with the government stimulus packages (US, China, South Korea, etc) • STANDARD CHARTERED BANK • 60% of the global solar energy resource is in Standard Chartered Bank’s footprint • Many of our markets suffer from chronic under investment / undersupply in / of energy • Solar energy generating assets require significant project finance – core strength of Standard Chartered Bank • Many of our clients, including corporates, financial sponsors, and development organisations are interested in solar SCB Footprint * Source: World Energy Assessment: Energy and the Challenge of Sustainability, UN/UNDP/World Energy Council, 2005 ** Source: New Energy Finance "I'd put my money on the sun and solar energy. What a source of power! I hope we don't have to wait till oil and coal run out before we tackle that"Thomas Edison (1931)

6. Solar Energy Sector – Markets & Applications INSTALLATION SIZE • World solar PV market installations reached a record high of ~6.0 GW in 2008 and cumulative PV power installed totalled ~15 GW compared to ~9 GW in 2007 • Europe leads the way with ~9 GW representing ~65% of the global cumulative PV installed capacity (with Japan and the US at 2.1 GW and 1.2 GW, respectively) • Current solar market so far dominated by small scale, residential PV installations • Increased government support – particularly in the form of feed-in tariffs – is driving momentum in the utility scale installations (PV and Concentrated Solar Power (“CSP”) in particular) MARKETS SERVED RESIDENTIAL COMMERCIAL UTILITY PV CSP TECHNOLOGY ~ 1.7 GW (28%) ~ 2.8GW (45%) ~ 1.6 GW (27%) ~ 1.2 GW (26%) ~ 2.0 GW (44%) ~ 1.4 GW (30%) US, Spain Germany Spain, Germany Distributed generation: <10KW – 1MW; Central Generation: <1MW - >100MW (i) Residential:Residential Buildings (ii) Commercial:Commercial / Industrial Buildings (iii) Utility: Large Scale Source: Prometheus Institute; Solarbuzz; Barclays Capital Research; Standard Chartered Bank Analysis

7. CSP Technologies ALTERNATIVE CSP TECHNOLOGIES • Scalability of CSP technology will drive the global increase in solar energy installed capacity • Levelised Cost Of Energy (LCOE) – determining factor in establishing leading CSP technology and vis-à-vis other renewable energy technologies (e.g., become the First Solar of CSP) • Flexibility around water, land, and components are key to the SES story / strategy • Storage potential of most CSP technologies represents a comparative advantage to wind energy Source: Technology Innovation Report, Concentrated Solar Thermal, Cleantech Group, 2008; DLR; SCB research

8. Current Activity in the CSP Sector….

9. Opportunities for CSP market development • Supportive Regulatory Regimes • Regimes with Strong policy support in the form of PPA’s, FIT’s and wide ranging initiatives to promote renewable energy and in particular solar energy • US, West Coast – California • Spain • Italy, Portugal, Greece • Australia 8.0 Egypt & Libya (7.67) California (7.50) Jordan & Algeria (7.40) Morocco (7.12) Mexico (7.00) Saudi Arabia (6.85) Tunisia (6.58) Spain (6.16) UAE (6.03) Portugal (6.03) 6.0 Australia (5.89) Energy Density kWh / m2 / day Greece & Italy (5.48) Turkey (5.48) • Attractive Solar Resources • High Energy Density Levels – however with current low to medium level of Government Support • Egypt • Morocco • Algeria • Tunisia • Gulf Region Germany (4.58) 4.0 Government Support High Low Opportunity to strategically engage Development Organisations Key North African Markets Source:Concentrating Solar Power for the Mediterranean Region, DLR, 2005 (figures are average for country)