Banro Corp. fka BAA

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ANOTHER EMAIL RESPONSE FROM MARTIN:

This comes from a member of the Facebook BAA group I manage, which BTW if you want to join go to:

https://www.facebook.com/groups/326247604377875/

Hi Martin,

I am a shareholder of Banro with over 300K in common shares holding. I have some deep concerns regarding the company that I hope you can address.

First off, the company increased its debt to about 200 million in bonds now due early 2017. Is Banro working on having this debt refinanced? Banro mentioned earlier in the year that shareholders would receive news in quarter 3 but we haven't heard any news regarding this situation yet.

An announcement on the debt refinancing is expected to be made before the end of November.

Also, I'm concerned that Banro will face heavy dilution in order to refinance its debt. How much dilution is Banro seeing to offer in shares in exchange for debt?

We don't expect there to be any significant dilution; the terms, once finalized, will be in the press announcement.

In addition, there have been concerns of possible restructuring of the debt through Chapter 11 bankruptcy. Any word you can give me that Banro will not be heading in this direction please?

There are no such plans that I am aware of?

Thank you,

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