African Lion
Summary
AFL (Lion – 29.8%)
| Total investment by Lion: | $0 million (after returns of $37 million) |
| Date of initial investment: | May 1999 |
| Area of activity: | Africa – Mining Investment |
| Website: | www.afl.co.za |
AFL2 (Lion 24.9%)
| Total investment by Lion: | $7.1 million ($11 million returned as at 31 July 2011) |
| Date of initial investment: | September 2004 |
| Area of activity: | Africa – Mining Investment |
| Website: | www.afl.co.za |
AFL3 (Lion 22.5%)
| Total investment by Lion: | A$7.5 million |
| Date of initial investment: | July 2008 |
| Area of activity: | Africa - Mining Investment |
| Website: | www.afl.co.za |
Company
African Lion (three unlisted investment funds – AFL, AFL2 and AFL3), has performed extremely well. The aim of African Lion is to identify investments solely in Africa. Lion Selection Group is able to co-invest and benefit from the political risk and funding advantages delivered by the large international banks and development banks which are Lion Selection Group’s co-shareholders in African Lion. These co-shareholders include the European Investment Bank, Proparco (French Government), CDC Group plc (British) and Investec Bank Ltd.
The African Lion funds have performed strongly. The first two African Lion funds, AFL and AFL2, are now fully invested. AFL3 commenced active investment in mid 2008.
Lion shareholders have direct exposure to the African Lion investment portfolios and their performance.