Hydroelectric

Franklin Park India to acquire 50% of India Hydropower Development

13 April 2006 — Franklin Park India, LLC, managed by Franklin Park Energy, LLC, an affiliate of Guggenheim Partners, entered into a definitive agreement to purchase 50 percent of India Hydropower Development Company (IHDC), an owner, developer and operator of hydroelectric plants in India. Dodson-Lindblom International, Inc. holds the other 50% interest in IHDC. Franklin Park Energy is a private company focused on developing, owning and operating infrastructure businesses worldwide.

IHDC will use Franklin Park’s investment capital to expand its business in India. IHDC currently owns, operates and is constructing facilities in the Indian states of Maharashtra and Madhya Pradesh. IHDC is close to acquiring additional facilities in Maharashtra and Himachal Pradesh to commence construction while it also has a number of plants in advanced development.

“We are pleased to contribute to the expansion of India’s electricity infrastructure as the Indian economy is achieving its growth potential,” said Franklin Park CEO Thomas A. Tribone. “We believe India’s growth is sustainable and we hope to be able to support that growth with an additional infrastructure investment in the future.”

Financing for the projects will be provided under a facility entered into among: IHDC, the International Finance Corporation, a member of the World Bank Group, and Deutsche Investitions – und Entwicklungsgesellschaft (DEG).

“This investment marks our entry into the global infrastructure management business,” said Guggenheim CEO Mark Walter. “The world’s infrastructure needs are burgeoning creating exciting investment prospects. Through Franklin Park we are focused on franchise infrastructure projects in strong markets that lead to other investment opportunities.”