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COMPLETED PRIVATISATIONS

RECEIVER

# Company Year Method of Privatization Public Share Before (%) Public Share After (%) Sector
1 Kenya Electricity Generating Company 2006 IPO 100 70 Energy
2 Telkom Kenya 2007 Strategic Sale 100 49 Telecommunication
3 Kenya Railways Corporation 2006 Concessioning 100 100 Transport
4 Mumias Sugar Company 2nd Offer 2006 IPO 38.4 20 Manufacturing
5 Safaricom 2008 IPO 60 35 Telecommunication
6 Kenya Reinsurance Corporation 2007 IPO 100 60 Insurance

B. RECEIVERSHIPS

# Company Year Public Share Before (%) Public Share After (%) Sector Buyer Proceed (Kshs)
1 Nairobi Oil Products Ltd 1992 29 0 Oil Recycling Various Individuals 8,750,000
2 Tiger Shoes Ltd 1993 16.7 0 Leather Lento Agencies Ltd 9,000,000
3 Yuken Textiles Ltd 1993 100 0 Textile Yuken Mills Ltd 14,000,000
4 Sirikwa Hotel Ltd 1993 21 0 Tourism Akamba Invest. Ltd 70,000,000
5 Kenya Drilling Co. ltd 1993 100 0 Services Kentco Taxis Ltd 21,700,000
6 Kisumu Cotton Mills Ltd 1993 80 0 Textiles Caneland Ltd 174,961,000
7 Seracoating Kenya Ltd 1994 34 0 Plastic Local shareholders 82,000,000
8 Pan Vegetable Processors Ltd 1993 100 0 Agri-Processing Homegrown (K) Ltd 95,000,000
9 Kenya Taitex Mills Ltd 1995 81 0 Textiles Kifaru Mills Ltd 81,000,000
10 Kenya Furfural Co. Ltd 1995 51 0 Chemical Various Shareholders 55,800,000
11 Kenya Engineering Industries Ltd 1995 50 0 Engineering Ashut Engineers Ltd 52,505,555
12 Synthetic Fibres Kenya Ltd 1995 100 0 Textile Sunrise Textile Mills Ltd 50,000,000
13 East African Fine Spinners Ltd 1995 74 0 Textile Bedi Invest. Ltd 282,000,000
14 Kenatco Taxis Ltd 1996 100 0 Transport - -

*This figure will increase by the value of Inventories.