This is a brief overview of our primary areas of business and what they are involved in.

Jubilee Group consists of:

1. Jubilee Insurance

We provide insurance services in the following countries:

• Kenya
• Uganda
• Tanzania
• Burundi
• Mauritius
• Pakistan

2. Jubilee Financial Services

Jubilee Financial Services Ltd (JFSL) is an investment advisory company incorporated in 2001 as a wholly owned subsidiary of Jubilee Holdings Limited. Jubilee Holdings has been in operation since 1937 and has since created a mark of stability in the insurance industry. It is now one of the only three companies to be cross listed on the three East African stock markets.

3. Investments

SEACOM, IPS CABLE SYSTEM LIMITED

This is an investment vehicle company, which has invested in the $650 million (15,000 km) SEAcom submarine fibre optic cable project.

This project which links South Africa, Mozambique, Madagascar, Kenya and Tanzania with other international Sbroadband cables will provide low cost and high quality broadband capacity and is expected to come into operation in 2009.

BUJAGALI HOLDING POWER COMPANY LIMITED

Bujagali Holding Power Company Limited is also an investment vehicle company which through its subsidiary has invested in the equity of Bujagali Energy Limited an electricity generating company in Uganda.

The project with a total capital outlay of $860 million is presently under implementation in Uganda. The project will generate 250 MW of electricity and is expected to come into operation in 2011.

The project is the largest privately financed hydro power project in Africa and was awarded (Africa Deal of the Year 2007) by EuroMoney Project Finance Magazine of London.