CLN S-Africa II

active

This ESRS is prepared and distributed in advance of CLN’s Board of Directors’ consideration of the proposed transaction. This document should not be construed as presuming the outcome of CLN’s Board of Directors’ decision and is not in any way a commitment by CLN.The proposed project is aiming to finance MA Automotive Tools and Dies (Pty) Ltd (“MA Automotive” or the “company”) operations in South Africa. MA Automotive produces body parts for car manufacturers and the production consists of high quality operations of steel/aluminum blanks being pressed into appropriate forms and shapes, cutting and removal of excess materials, followed by assembling of selected parts of car bodies by welding or gluing (primarily carried out by robotics, and placing of these interim products in racks ready for usage by car manufacturers. The CLN facilities have no galvanizing and only minimal water based painting operations and therefore no hazardous material discharges or emissions occur.