RPDL is a wholly owned subsidiary of Richard Pieris & Company PLC (“RPC”), a listed company on the Colombo Stock Exchange. The top shareholders of RPC as at September 30th 2015 were Skyworld Overseas Holdings Limited (shareholding of 25.37%), Camille Consulting Corp. (shareholding of 15.57%), HSBC International Nominees Ltd-SSBT- Deutsche Bank (shareholding of 11.07%), Sezeka Limited (shareholding of 8.57%), Employees Provident Fund (shareholding of 8.35%), Rockport Limited (shareholding of 4.89%), and Dr. Sena Yaddehige (shareholding of 4.71%).

The project cost is estimated at US$20 million and the proposed IFC investment is up to US$15 million comprising of a US$7.5 million A-Loan and a concessional senior loan of the same amount.

Refer to other sections for details.

7.50 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	7.50
Equity

* These investment figures are indicative

RPDL’s stores are located in various parts of Sri Lanka. The planned stores are also to be located in various parts of the country.

- Improvement in the quality of life: By developing a modern retail chain, the project will contribute towards improving the availability of better quality food products at low prices in underserved markets, thereby fostering better life quality and inclusive growth in the country.
- Private Sector Development: the project will contribute to private sector development in the retail industry by increasing competition among major retail chains, increasing the volumes purchased from local manufacturers and promoting improved efficiencies and operating standards within the industry.
- Employment Generation: The retail expansion will create direct employment opportunities in newly planned stores and indirect employment opportunities in the supply chain as volumes of local suppliers increase.
- Carbon Dioxide ("CO2") Emission Reduction: The rooftop solar PV installation will generate clean energy from a renewable source, thereby contributing to carbon footprint reduction. Expected greenhouse gas emissions reduction is estimated to be about 2,200tCO2 equivalent per year.
- Demonstration Effect: The project will help demonstrate the financial feasibility of rooftop solar PV for commercial enterprises in Sri Lanka and reduce the risk perception of such investments. This will contribute toward the adoption of rooftop solar PV by other businesses and help build the capacity of solar PV developers in the country.

- Long Term Capital: IFC''s investment would enable RPDL to access a longer tenor and grace period than is available in the local market.
- Innovative Financing Structure for Climate Smart Investments: By providing access to donor funds, IFC will help to improve the economic feasibility of the climate smart investment.
- Sector knowledge sharing: IFC will share its knowledge of global retail operational best practices with the company as it implements the project.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.