Task 2 - Second Slide

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CONFIDENTIAL

Overview of auction process and key workstreams

Date Event Key workstreams


March 19 2020 Allowed access to Information Memorandum, vendor Reviewing all information that access is permitted to
reports and financial forecasts

Apr 9 – Apr 13 2020 Limited question and answer process Creating set of 20 questions which answer any areas we require more
Round 1: information on, following the review of all the data
Indicative Bid
Phase
Ensure that all requirements for an indicative bid are met. This includes:
May 13 2020 Indicative Bid deadline completing due diligence, confirming sources of funds, detailing structure,
stating timing of payment and contingencies, description of assumptions, and
stating the purchaser, purchase price and names of all advisors that are planned
to engage in the transaction.

Late May 2020 Release of process letter 2 If announced in shortlist of bidders, following workstreams will take place:
Shortlist of bidders announced review of process letter 2, review of data, organizing guided site visits and
presentations to set dates, creating further questions and completing the
Shortlist of bidders provided with: further access to transaction implementation documentation.
data, guided site visits, presentations, an additional
question and answer process, and transaction
implementation documentation

Round 2: Final Submitting final bid, involving all associated paperwork and anything else
Bid Phase Late July 2020 Final Bid deadline required to ensure a successful attempt of the final bid.

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