Katanga, in consultation with Glencore, is seeking participations in the facility from existing eligible shareholders and new investors, up to an aggregate amount not exceeding 75% of the facility as of today's date i.e. $198.975 million. To the extent that Katanga receives commitments from eligible shareholders and new investors to participate in the available facility amount, such shareholders and new investors will, on the second closing date receive a transfer of its proportional interest in the facility from Glencore. This date is expected to occur on February 9, 2009, but may occur on an earlier date if valid commitments have been received from investors in respect of the entire available facility amount or if otherwise agreed between the Katanga and Glencore. In addition to the facility, the company will require additional equity and/or debt finance in the amount of about $250 million during the first six months of 2009.