Fleurette Group and Andrade Gutierrez to Create Infrastructure Joint Venture to Develop Projects in the DRC

Fleurette Group and Andrade Gutierrez toFleurette Group and Andrade Gutierrez to Create Infrastructure Joint Venture to Develop Projects in the DRC PR Newswire KINSHASA, Democratic Republic of the Congo, April 23, 2014 • Creation of Joint Venture to identify and develop infrastructure projects in the DRC. • Focus on power, rail and road projects to help accelerate the DRC's economic development. • Expected to generate significant employment and drive economic growth through increasing power supply and enhancing road network. Fleurette Group (Fleurette), one of the largest private investors in the Democratic Republic of Congo (DRC) and Andrade Gutierrez, one of the world's leading construction companies, today announce they have signed an agreement to form a Joint Venture (JV) to develop new infrastructure projects in the DRC. While considerable progress has been made in the DRC to develop the economy after years of conflict, the country remains in need of significant investment in its infrastructure to further its economic development. The JV will target opportunities in the power, rail and road sectors, all of which will hugely benefit from new investment. The need for infrastructure investment in the DRC • Major power shortages force the DRC to import energy from outside the country while total installed capacity has remained level for 20 years, despite significant increases in demand, both industrial and commercial.