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Update of the Outline Business Case for the Premier Medical Warehouses Transaction

Chemonics International Inc.

CPCS prepared a robust outline business case (OBC) highlighting the technical, legal/regulatory, financial and economic feasibility of a proposed project for two pharmaceutical warehouses in Nigeria, and presented PPP options for its implementation. CPCS then updated the OBC document, based on revised forecast data and underlying operating assumptions, and delivered the OBC for regulatory approval.