Fleurette's Oil of DRCongo Opens New State-of-the-art School in Torges

TORGES, Democratic Republic of Congo, July 14, 2015 /PRNewswire/ --

As part of its commitment to community welfare and social activities Oil of DRCongo, a Fleurette Group subsidiary, has built the children of the remote Province Orientale village of Torges and surrounding areas a new state-of-the-art primary school.

Recognising the importance of education, Oil of DRCongo has funded the construction of the school with a grant of around $250,000.

At the inauguration ceremony Oil of DRCongo also supplied the students with school materials.

In May 2010, Fleurette subsidiaries and the DRC Government signed a Production Sharing Contract (PSC) for oil exploration and production of Blocks I and II of the DRC side of the Albertine Graben.

In addition to operational, technical and environmental activities required to explore and evaluate the hydrocarbon potential of Blocks I and II, Oil of DRCongo has been investing heavily in social and development activities, including this school, the secondary school in Jiba (for 600 students), the refurbishment of the most critical sections of the Bunia-Kasenyi Road and supporting the Kasenyi Medical Center. To date it has invested nearly $4 million in social and development projects, significantly above what was required under its PSC.

The nearby Lake Albert around Torges is where Oil of DRCongo will build a port dock to allow for the transportation of materials and production equipment. Similar port facilities will be built on the Ugandan side of the Lake.

Dan Gertler, Senior Advisor to Fleurette Group, said: "Good quality schooling remains a significant challenge in towns and villages in eastern DRC and this new school is a great example of the positive benefits Fleurette and Oil of DRCongo are bringing to this area alongside our investment in oil exploration. Improving the lives of the people in the communities in which the group businesses operate is a crucial part of our approach and Oil of DRCongo has far exceeded its contractual obligations for social projects."

For more information on Fleurette and its oil operations visit fleurettegroup.com.

About Fleurette - http://www.fleurettegroup.com

The Fleurette Group of Companies ("Fleurette") is an entrepreneurial business with significant investment in diverse sectors, including natural resources, infrastructure, agriculture and technology. Fleurette has substantial investments and operations in the Democratic Republic of Congo (DRC). The parent company of the group, Fleurette Properties Limited, a Dutch resident company, is owned by Line Trust Corporation Limited strictly and solely as trustees of the Ashdale Settlement, a trust established in 2006 for the benefit of the family of Dan Gertler. Mr Gertler is a citizen and resident of Israel and the DRC (and honorary counsel to the DRC) and is committed to developing the country's natural resources and infrastructure, while investing in the Congolese people and their communities.

Fleurette has a proven track record of successful co-operation with diverse parties, including the DRC State-owned mining company Gécamines, and to date has brought more than USD $7 billion of investment into the DRC, on top of its USD $2 billion in private investment. As a result, Fleurette's subsidiaries and partnerships support around 30,000 jobs in the DRC and are amongst the DRC's leading taxpayers, contributing significant revenues to the State.

Fleurette is also a major contributor to social development in the DRC through the Gertler Family Foundation (GFF) and through direct investment in social infrastructure. The GFF is the largest charitable organization in the DRC, funding more than 50 programs and projects across the DRC, which help tens of thousands of Congolese every year. These include rebuilding key hospitals, notably the Kisangini "Hospital du Cinquantenaire"; supporting the Operation Smile campaign in Lubumbashi and Kinshasa; rebuilding Blaise Pascal School in Lubumbashi; and supporting the Lubumbashi Zoo.

SOURCE Fleurette

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