CNIM Groupe — M&A Activity 2017

Sep 13, 2017

Press Release: 13 September 2017

CNIM, GIC and Al Mulla consortium selected Preferred Investor for the Waste to Energy Project in Kuwait

A consortium composed of Constructions Industrielles de la Méditerranée (CNIM), Gulf Investment Corporation(GIC), and Al Mulla Group Holding Co (AMG) has been selected as Preferred Investor for the Kabd Municipal Solid Waste Project in Kuwait.

The Project aims to address Kuwait's growing need for environment and land resources protection, and to generate alternative power sources. The plant will treat a nominal Municipal Solid Waste capacity of 3,274 tons/day, which represents approximately 50% of Kuwait's municipal solid waste, and will generate approximately 100 MW of electric power.

Kuwait Authority for Partnerships Projects (KAPP) selected the CNIM-GIC-AMG consortium following a competitive tendering process. The tender received three bids from international consortia, a reflection of the interest and confidence that international companies have in Kuwait and its ambitious Public Private Partnership (PPP) program. The CNIM-GIC-AMG consortium was selected as Preferred Investor further to a thorough technical, legal and commercial evaluation process.

The plant will utilize the latest technologies to treat municipal solid waste. It will be developed on a BOT (Build, Operate, Transfer) basis for a period of 25 years following completion of construction. If the consortium is appointed as Successful Investor, it will take up shares in the Project Company which will be responsible for the design, construction and operation of the plant. The Successful Investor will be appointed by the Higher Committee after, among other things, audit by the State Audit Bureau.

About CNIM

The CNIM Group designs, develops and manufactures turnkey industrial solutions with high technological content and provides expertise, services and operating capability in the areas of the Environment, Energy, Defense and High Technology. CNIM manages projects and sells equipment throughout the world. CNIM is backed by a stable family shareholder base that underpins its future development. CNIM is listed on the Euronext Paris stock exchange.

Contacts:

E-mail: frederique.vigezzi@gootenberg.fr Tel enquiries: +33 (0)1 43 59 29 84 For more information, please visithttps://cnim.com/en and https://twitter.com/CNIM\_Group