Corporate Overview Presentation

June 2011

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Main One Corporate Structure

Main One Cable Company Mauritius

SubsidiaryStructure

Main One Cable Company Portugal

100% MOCCM

Main One Service

Company

99.99% MOCCM

0.01% MOCCG

Main One Cable Company Ghana

100% MOCCM

Main One Cable Company

Nigeria

99.99% MOCCM

0.01% MOCCG

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Main One Cable – Who We Are

Carries traffic for the major Nigeria

and Ghanaian based operators and

ISPs since operations commenced.

Wholly African owned company with a vision to expand the much needed

capacity and reduce the cost of broadband communications on the

African continent.

100 % availability on the network

since launch in July 2010.

Efficient and expedient service

delivery with standard provisioning

cycle of 10 working days excluding

last mile.

Adequate capacity for effective broadband

(Data, Video & Voice), IP Transit, IP Internet

Access, and Collocation services on the

continent and with the rest of the world.

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Company Background

• Chairperson: Mr. Fola Adeola, Founder GTB Bank • CEO: Funke Opeke • Funding Structure: $240m

• Equity: $120m; Debt: $120m • Initial funding by Main Street Technologies Nigeria as

Sponsor • Founded 2007 with 50 private shareholders

from Nigeria & Ghana • Equity is 100% African Owned

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Funding Structure

• Equity with shareholding as follows:

• With 4 of the 5 broad categories of shareholders holding a combined 75% in the business, there is no doubt that the project would not have been achieved without their support.

• Debt Providers • Construction Phase: African Development Bank - AfDB; DEG German

Dev Bank; FBN Nigeria ; FBN UK; and Skye Bank • Operational Phase - Commercial Banks only: FBN Nigeria, FBN UK,

Skye Bank Nigeria, Guaranty Trust Bank Nigeria

Shareholder Equity at Inception

Equity Now

Main Street Technologies Nigeria African Finance Corporation Nigeria Pan African Infrastructure Development Fund SA FBN Capital Nigeria Skye Bank Nigeria

25% 25% 25% 12.5% 12.5%

35% 21.7% 21.7% 10.8% 10.8%

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Activity USD (000) %

Backbone & Equipment + Duties & Taxes Landing Stations and SDH NOC & IT Equipment Onward Connectivity Licence Fees PMO (Consultancy) Costs Group Contingency Legal and Financing Costs

186,913 2,672 1,310 2,000 1,550 13,413 10,811 21,331 240,000

77.9% 1.1% 0.6% 0.8% 0.6% 5.6% 4.5% 8.9% 100%

Use of Funds

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Submarine Network Route Map

1.92 Tbps

PHASE I:

• 7,000 Km From Sexial,

Portugal To Ghana

Through To Nigeria

• Dedicated Capacity From

Sexial To London

Telehouse, North

• Upgradable To 4.96tbps

With Phase II

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Our Network Footprint

Recent collaboration with Cisco to deploy Main One’s IP-

NGN platform. Initial product offering of Global IP Transit and

Global IP Internet Access.

Main One Cable is focused on developing innovative solutions to meet the

disparate requirements of our customers and seeks partners to collaborate

with to deliver these services to its client base.

Global Crossing as Tier 1 Upstream provider for Main One’s

IP services.

Engaged to enable connectivity for PAYG product offering

and higher.

Tier 1 provider enabling international connectivity for Main

One and its customers.

Other Tier 1 providers that Main One Cable has relationships

with or connections to local Internet exchange.

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Main One Service Offerings

Interconnection Services

• Interconnection through our various POPs

Global IP Transit & Global IP Access

• IP services starting at 10 MBPS. Upstream connection with Tier 1 provider - Global Crossing

Pay As You Grow

• DS3 (45 MBPS). Allows a customer to grow into an SDH order

International Private Leased Circuits (IPLC)

• Capacity increments over a shorter period of time (1 to 5 years)

IRU • SDH (155 MBPS). For large operators and service

providers. Clear Channel.

Main One has changed wholesale bandwidth pricing structure to provide more

value to customers. Pricing based on economies of scale offered by cable

rather than minor cost reduction over current market…

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Q & A