Francis, you have repeatedly stated EIB is when not if, what assurances have you received from EIB to make this statement?

What is the Company’s fallback position if EIB is not signed (and closed; as we do not have any further information about the CPs for drawdown; apparently you have been working on the utilization request since 6 months or so) this year?

Is the understanding correct that debenture holders have the first right to convert, i.e ahead of Nuran repaying loans? If so why do you believe you will be able to repay debentures debt? How are you going to plan to repay if Subco investment is delayed and DFI funds are either not permitted to use or the proportion is not sufficient?

Many thanks!