GBT - part of Econcern’s Wind Holding BV - works closely with Darwind BV and Steelworks BV. GBT forms an essential part of the value chain that will provide.

• GBT - part of Econcern’s Wind Holding BV - works closely with Darwind BV and Steelworks BV. GBT forms

an essential part of the value chain that will provide Econcern with the capacity to roll out its offshore

projects.

• GBT will focus on primary sourcing of multi-MW blades to both offshore and onshore WTG producers. We

will:

– offer tailored solutions including blade design, development and production

– leverage innovations in blade technology to deliver the best blades at competitive prices

• GBT aims to source 100% of Darwind’s blades and acquire a 10% market share in the remaining market for

outsourced multi-MW blades in Europe

– GBTs overall share in the market of outsourced multi-MW blades will be 30% by 2015

– Total blade production will build up to 2,400 blades by 2020

GBT represents an attractive business opportunity» Total financing required: €43 million

» NPV: €652 million (@ 11% discount rate in real terms)

» IRR: 48%

General Blade Technology

• The prime role of GBT: to secure the supply of high-quality 5 MW blades to Darwind:– Darwind aims to become a major player in the offshore wind turbine market in Europe by offering a

high performance and low maintenance 5 MW wind turbine based on the direct drive principle in combination with a permanent magnet generator

– Darwind will enter the market by 2011 and aims to deliver 500 WTGs by 2016, therefore requiring 1,500 blades by that year.

• New companies entering the market with similar needs:– Once GBT has demonstrated its capabilities by supplying Darwind, it will start offering similar

services to other WTG producers.

• GBT will focus on primary sourcing of multi-MW blades to offshore AND onshore WTG producers. We will :

– offer tailored solutions including blade design, development and production– leverage ongoing innovations in blade technology to deliver the best blades at competitive prices

• GBT will address other market segments to leverage capacity: – Provide secondary sourcing to WTG producers with in-house blade production– Supply 2.5 MW blades as fall-back if the market for large blades falls below plan

• GBT aims to supply 100% of Darwind’s blades and acquire a 10% market share in the remaining (non-Darwind) market of outsourced multi-MW blades:

– Total blade production is expected to build up to 2,400 blades by 2020.

Opportunity

Ambition

Positioning

Positioning

Industrial Process

Why Fife Energy Park?

Current tenants

• Ocean Power Delivery• BiFab• Professional Testing Services• Duncan Engineering• JFK Group Ltd

Existing quayside

Road infrastructureby Scottish Enterprise

Utilities close by

• 14 to 16 ha site available

• Broadly level site

• Roads infrastructure provided

• Suitable quayside

• Synergies with BiFab & others

• Availability of utilities

• A local, skilled workforce with engineering experience

6

Site Masterplan

Design Philosophy

Building Sections

Phasing Plan

Phase 1 - Plan Layouts

Perspective

Elevations

Canteen/Kitchen LayoutGround Floor

Office Area LayoutFirst Floor

Quayside Condition & Operation

• Scottish Enterprise Remedial Works

• Joint Operation & Management with BiFab

• Synergies – Cranes, Labour, Facilities

• GBT – At Full Production – 3/4 Vessels Per Week

• Quayside Operation in Summer Months

Statutory Consents

• A planning application is required to Fife Council. Application being prepared by T&T. Target consent: end March 09

• The building warrant required from Fife Council will be applied for in 3 stages by T&T Team, to fit in with the sequencing of the work: – Stage 1 - Earthworks / Foundations / Below ground drainage– Stage 2 – Steelwork superstructure– Stage 3 - Buildings / Fit-out / M&E Services / Fire

• Consent to discharge surface water is required from SEPA

• Consent to discharge foul water is required from Scottish Water.

Perspective 1

Perspective 2

Grid Plan