Erratum correction on a report that stated the CAPEX is 800 million and that Allana will be paying for building roads / off-site infrastructure.

http://www.globaldialogue.info/Erratum%20to%20the%20Ethiopia%20Supply%20Chain%20Scoping%20Report%20-%20Allana%20Potash.pdf

ERRATUM TO THE SCOPING STUDY OF THE MINING SUPPLY CHAIN IN ETHIOPIA

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Prepared by CRC Sogema, March 2014.

Page 14, Section 4.1.1.3

At the time of the site visit, the financing for the project construction was underway. Capital is estimated to be US$ 800 million for site construction plus an additional US$ 130 million for off-site infrastructure." is incorrect and is replaced with "The Feasibility Study. February 2013, states that capital for the project is US$ 642 million. This amount includes a contingency of 15%. The majority of offsite infrastructure costs are to be funded by various levels of governments both in Ethiopia and Djibouti."

The sentence; "To overcome these constraints, Allana Potash has decided to build its own road segment to ensure reliability of its transportation operations." is incorrect. This sentence is to be replaced with "Allana Potash anticipates construction of this road by the Ethiopian government at their cost. If there are delays or shortfalls for whatever reason, Allana Potash has set aside sufficient funds to help get that segment of the road completed. This contingency is included in total project cost of US$642 million."