Daniel Mninele

[96]
South African Reserve Bank

10 August 2004

Our ref: SARF/SA/X1254/04
FROM THE DESK OF : MR. DANIEL MNINELE
TEL/FAX : +27-11-507 5572
DIRECT TELEPHONE : +27-73-2368849
Attn: D .B Cooper

Sir,

Re: Telegraphic Transfer of US$15,300,000.00 (Fifteen Million, Three Hundred Thousand United States Dollars Only) to bank account with BANK OF AMERICA, N.A;Branch name (TRADE FINANCE BANK ADDRESS: City heading SEATTLE Address FLOOR 31: 800, FIFTH AVENUE Zip Code 98104; Account Number: 727-100-FL305-S18C-N467US;BIC Code BOFAUS6SSEA.

We wish to inform you that we have receive transfer instructions/order from the Office of the Presidency Nigeria cum the Central Bank of Nigeria to debit their special maintained account with us (Nigeria Oil Sales Trust Reserve Account), with the above contractual sum in you favour for further transfer to the your designated bank account. Please do confirm immediately your knowledge of the transaction and reconfirm the above bank information. However, we have commenced the due process to obtain from our various departments the relevant transfer approvals that would qualify you to receive this payment through this bank/country; hence we have some laid down rules and regulations that guide all foreign transfers in this country. More so, the process of transfer should be followed by the beneficiary to avoid any kind of fund confiscation by the International Monetary Fund, World Bank or your receiving bank.

Please do immediately re-confirm the receiving bank and call undersign through the above telephone line for more information. Note that we have a projected time frame of 5-7 banking days to effectively carry out this order, so do attend every instructions from us promptly to enable us satisfactorily discharge our obligated duty. Please do call the undersigned for him to brief you other important information concerning the transfer. For more questions or explanations, please call the undersigned. Please be well guided.

Yours faithfully,

Mr. Daniel Mninele