Teylium Chain Hotel

completed

Teylium International (Teylium, the Group and the Sponsor) is a diversified holding company with a commercial property development arm and operations in Senegal, Cote d’Ivoire, Mali, Guinea and Cape Verde. Teylium has requested IFC to provide up to EUR 17 million of debt for:- the greenfield construction of a 180 room, five-star hotel to be operated by Radisson and fully-owned by a Teylium International subsidiary, Chain Hotel SA (the "Chain Hotel”); and - the greenfield construction of a 20,000 sqm, mixed-use facility (including a shopping mall, a commercial center and residences) fully owned by another Teylium subsidiary, Sea Plaza SA, ("Sea Plaza"). The hotel is slated to open at the end of the second quarter of 2008 and the shopping center at the end of the fourth quarter 2008. The project will help promote the modernization of the hotel, retail and commercial property development in Senegal and also support the growth of local sponsors in West Africa.