UNELCO. 52,11 Vatu/kWh. Philione MEHRENBERGER Managing Director. Mr Carmine PIANTEDOSI URA GOVERNMENT OF VANUATU PORT VILA VANUATU

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1 Mr Carmine PIANTEDOSI URA GOVERNMENT OF VANUATU PORT VILA VANUATU Our re. : N 764/10/U/PME/aw PORT VILA, 5 th August 2010 Dear Sir, Subject : Tariffs far AUGUST 2010 Please find enclosed the electricity rate applicable from 1 st to 31 August 2010 in accordance with the specifications relating to the concession for the generation and supply of electric power in PORT-VILA, LUGANVILLE, MALEKULA and TANNA and in particular the addendum signed on the 18 th of December Following the formula for adjustment of prices, the base tariffs is : 52,11 Vatu/kWh UNELCO applies from July 2010 rate, a discount of 40% on the 1 st tranche of the tariffs (Rate 1) (0 60 KWh) of its Small Domestic Consumers, in accordance with our letter, ref. n 622/10/U/YM/aw, dated of 17th June Yours Sincerely, Philione MEHRENBERGER Managing Director Copy : Ministry of Land and Natural Resources Energy Unit UNION ELECTRIQUE DU VANUATU LTD Rue de Paris - BP 26 - Port Vila - Vanuatu Tel. (+678) Fax (+678) Urgence (+678) unelco@unelco.com.vu Santo : BP 17 Luganville - Tel. (+678) Fax (+678) Urgence (+678) unelco.santo@unelco.com.vu Mallicolo : BP 019 Lakatoro Tel. (+678) Fax (+678) Urgence (+678) unelco.mallicolo@unelco.com.vu Tanna : BP 899 Tanna - Tel./Fax : (+678) unelco.tanna@unelco.com.vu SAAU CAPITAL DE VATUS RC 3376

2 CALCUL *LA TARIFICATION D'ENERGI.LECTRIQUE mit 2010 Calcul de G - Prix moyen pondere du gas-oil Donnees mois : jui1.10 Calcul de M Calcul Consommation Theorique Salaire moyen de 1M Achats de gasoil Achats d'huile de coprah de gasoil a Luganville journalier (260j/an) Indice PORT-VILA LUGANVILLE MALLICOLO TANNA PORT-VILA MALLICOLO Energie Energie Litres de juillo Materiel litres litres litres 0 litres litres litres hydro diesel gas-oil Ifira Wharf P02 juin-10 Vt Vt Vt 0 Vt Vt Vt ,79 Gv 90,2059 GL 90,1807 C M 108,9918 GT 125,2200 G a, /00,0000 Gym 102, IM Lv LM LT Lc Lc LL M Gc 101,1362 PCIcoco = 37,10 Csg = 235 gr/kwh References PClgo = 42,98 Mvg gr/1 Po = 30,35 Kpci = ( PClcoco / PC1go ) 1." = ( Csg / Mvg ) x ( Ehydro + Ediesel ) Go = 38,8000 Mo= 1118 G=(Gvxl,v+G i,x1,4-gmxlm+g T xt.t +GcxLc)/(1-v-FLL+Lm+Li. +Lcxx.pci) Coefficient C IMo = 92,38 -(90, ,1807 K ,9918 x ,22 x ,1362 x )1( x 0,8632) jui1.10 Co = I G = 91,0473 Vatu/litre C = 1,1182 Vatu/XPF CALCUL DU PRIX DE BASE P G = 91,0473 = IM = 129,79 C= 1,1182 P =PO x x G / GO x M / MO x 1M / IMO ( OA x Cie ) I -= 30,35 x[ x 91, , x x 129,79 / 92,38 x ( ,40 x 1,1182 / 1,203 ) J Vatu / kwh 50,92 1,76% UNELCO VANUATU LTD Le 06108/2010

3 TARIFICATION DE L'ENERGIE ELECTRIQUE Mois de AOUT 2010 PRIX DE BASE P- COMPTEURS PREPAIEMENT _ Carte de 30 kwh avec Ia TVA incluse (30 xpx0,62+60)x 1,125 5 Amperes lak (30 xp+60)x 1, Amperes 1 8** Le prix de Ia carte vierge est de 60 Yalu. A - (B*) CLIENTS BASSE TENSION "DOMESTIQUE" Correspond aux clients Basse Tension 5 ou 10 Amperes maximum pour une consommation maximum de 120 kwh par mois : Jere tranche jusqu'a 60 kwh 0,37 x P = :1148: ::Y:001074:' 2eme tranche de 61 a 120 kwh 0,93 x P = '40:61 IV:04i/kWii 3eme tranche superieur a 120 kwh 1,70 x P = H8109 : Vatu/kWh ; En cas de depassement, les consommation au-dela de 120 kwh seront penalisdes au tarif de 88,59 Vatu/kWh (1,70xP). valeur unique : 70 x P = 1048:you B - (D*) CLIENTS BASSE TENSION "PATENTES" Ltagritissim Tarif unique 0,87xP = 45 flaw C - (Tl TERRAINS SPORTIFS Viticatgav D (El ECLAIRAGE PUBLIC artheation Tarif unique I 13, k...: Wh.....,sttr..et3nsaznniatto E - (Al CLIENTS BASSE TENSION "AUTRES USAGES" Tarif unique 10,96 x P = ;$900: AWOOW:1 mgoei:sur.:0-g001irilitatto.rx F - (F*) CLIENTS MOYENNE TENSION amitificatrott: 150xP par kva souscrit 1: Tarif unique 10,70 x P = manee..:sur:oilnsott)mation 150xP par kva souscrit * = Liste tarif dans GAB1

4 TARIFICATION DE L'ENERGIE ELECTRIQUE PRIX DE BASE 11' Vaturk7 AVANCES SUR CONSOMMATION POUR CLIENTS BASSE TENSION Frais de remise en service (apres coupure) 990 Vatu

5 ELECTRICITY TARIFFS aofit-10 BASE RATE 1. P- COMPTEURS PREPAIEMENT Carte de 30 kwh avec la TVA incluse (30 xpx 0, )x 1,125 5 Amperes (30 x P + 60) x 1, Amperes :::g5. The blank card price is : 60 Vatu A - (13*) - "Small Domestic Consumers" tariff (PCD) Low voltage consumers 5 or 10 amps single phase for a maximum consumption of 120kWh per month. lst block up to 60 kwh 0,37 x P= t*z$:: - : - :!:: -:-N'..gnikWb,:: 2nd block from 61 to 120 kwh 0,93 x P = 4846: VatIOIN/11-: 3rd block ova than 120 kwh 1,70 x P =...:8: :- 1 Vaal/kW.: In the case of exceeding over than 120 kwh, the consumptions beyond will be penalized on the rate of 88,59 Vatu/kwh (1.70xP) l security dejoel flat rate : 70 x P = 3648 VAT B (D*) - "Business Licence Holders - Low Voltage" tariff (TUP) lectrtgtty :consumed:' Flat rate I 0,87 xp= Votp100).. 451a4 20xP per subscribed kva xP per subscribed kva 7 C -(T*) - "Sports Fields" tariff (T) :-.41:81e01r1C1tY:POPSUniql Flat rate I 1,00 x P = :-131;11:: muntwdeno 0E1 - "Public Lighting" tariff (EP).. d "6 E (A*) - "Other Low Voltage Users" tariff (TU) a.1 gle-eitteitsionsurned Flat rate 0,96 xp- 5%03 VatulkWh 150xP per subscribed kva F (F*) - "High Voltage" tariff (MT) a).electric ty: consumed. Flat rate 10,70 x P = 25xP per subscribed kva cz Seeuratpostt,..,.., 150xP per subscribed kva

6 BASE RATE SECURITY DEPOSIT FOR LOW VOLTAGE CUSTOMER THREE PHASES eturtty: deposii: In:Vattr: (*) with direction approved Reconnection fee 990 Vatu