INVESTOR PRESENTATION

March 2019

B”H

Introduction

First Mine

Upside – Future Projects

Mine to Market Strategy

Investment Highlights

Appendix

2

INTRODUCTION

3

OVERVIEW

4

• Transformational year with significant milestones achieved in 2018

• Two flagship projects, Kishon Mid-Reach and the Mount Carmel

• Received first prospecting licence for diamonds, gold and precious stones in the Kishon Mid-Reach

• Three additional permits (two prospecting and one exploration), covering 60,000 hectares

• Economic base for first mine firmly established

• Technical Economic Evaluation places mine at the lower end of the cost curve

• Independent valuation of gemstones - cut and polished Blue Carmel SapphireTM valued at US$7,000 per carat and Natural MoissaniteTM valued at US$10,000 per carat with remainder ranging from US$25 – US$ 5,000 per carat

• Launched first jewellery collection

• Target high margins through ‘Mine to Market’ strategy - exploring, mining, designing and selling jewellery worldwide

EXPLORATION & PROSPECTING PERMITS

5

Exploration targets divided into three segments:

• Proximal-Reach: Primary sources

• Mid-Reach: Secondary sources (accessible)

• Distal-Reach: Secondary sources

Mid-Reach divided into three zones at different stages

of development:

• Zone 1 – Prospecting Licence + TEE

• Zone 2 – Partly explored

• Zone 3 – Still to be delineated, exploration target level

• Company follows the internationally recognised SAMREC

2016 Code

• Coloured gemstones found throughout the exploration and

prospecting areas

• Initial focus on Kishon Mid-Reach deposit where the

exploration of an accessible placer formation is most

advanced

Exploration and prospecting permits covering 60,000 hectares centred on Mount Carmel and the Kishon river catchment. Shefa Yamim granted its first Prospecting Licence, over its alluvial exploration target, the Kishon Mid-Reach Zone 1 Project.

GEMSTONES – A GROWING MARKET

6

*Gemval Aggregate index (GVA) is calculated as a total value of 26 standard

specimens of gemstone, (GVA basis set) and represents the overall pricing trend in

the jewellery market. We have monitored GVA values since 1st July 2005. The current

value of GVA is measured in %, as a ratio of current GVA value to the initial value on

July 2005

Source: Gemval

Source: UN Trade Data

• A growing market - US$2.4bn to US$6bn in the past five years

• Gemstone market estimated to reach US$10bn in the next 10 years

• The global gemstone market is approximately $23 billion

• The popularity in non-diamond stones has soared in recent years. Prices have increased 100 percent

in the last decade

Source: Natural Resource Governance Institute

Governing the Gemstone Sector: Lessons from Global

Experience

FIRST MINE AT

KISHON MID-REACH

ZONE 1

7

8

KEY ACHIEVEMENTS SINCE IPO

January 2018 March 2019

Yossi Harari

creates 31 piece

jewellery

collection with

gemstones

Bulk

sampling

campaign in

Zone 1 of

the Kishon

Mid-Reach

High grade

Spinel found

– Ilmenite

and Garnet

added to

Gem Box

PPM conducts

a Technical

Economic

Evaluation

Obtained IMA

accreditation

for new

mineral,

Carmeltazite

Independent

valuation of

Gem Box

Completed Completed Completed Completed Completed Completed Completed

Successful equipment upgrade at the operational site in Akko

KISHON MID-REACH ZONE 1

9

• Completed 14 bulk sample campaign, recovered 6,384

tonnes sampling with 9,778.15 carats produced to date

• Estimated total content grade of 153.16 cpht

• Granted prospecting licence 869C9 covering 252

Dunams at the Kishon Mid-Reach Zone 1 – taking it

one step closer to a mining licence

• Progressing planning and regulatory procedures to

advance the area into trial mining

• Targeting trial mining and production in the next 12 –

24 months (subject to funding)

SUMMARY OF

INDEPENDENT TEE REPORT

10

• Report places the first mine in Kishon Mid-Reach Zone 1 at the lower end of the cost curve

• Provides a base case for the development of the Kishon Mid-Reach Zone 1 project

• Provides estimates for the work and capital costs of bringing the Kishon Mid-Reach project into production

• Key findings included:

• Mine can potentially process a total of 1.5Mt of gravel over

an 11-year Life of Mine ('LoM’), overburden removed would

be 1.8Mt

• CapEx for development of the mine at US$11.3m or

US$7.5m through contract mining

• Operating cost over LoM at US$26/t processed or US$27/t

processed through contract mining

• Can halve unit operation cost to $10-15/t with small

investment in machinery to double processing capacity from

50tph to 100tph

• Costs on a par with comparable diamond producers and at

the lower end of the precious stone producers

INDEPENDENT VALUATION OF GEMS

11

• Report provides expert professional opinion on the value of the suite of precious stones

• Independent valuation confirms belief in the significant commercial potential in the Gem Box suite and project

• Two minerals in particular attributed with a very high value

• Blue Carmel SapphireTM at US$7,000 per carat

• Natural MoissaniteTM at US$10,000 per carat

• Natural Moissanite™ discovered by Shefa Yamim is the largest in both volume and size ever found globally

• Carmel Sapphire™ is not found anywhere else in the world and is formed of the rare mineral Carmeltazite, internationally recognised as a newly discovered mineral

• Rarity, location and limited supply all adds significant value to the Gem Box suite of gemstones

"Shefa Yamim is remarkable... this is the first time ever that

a large variety of precious and rare gemstones has been

found in one deposit.” Dr Gavrielov Gila, gemmologist with

40 years expertise

Shefa Yamim Gemstones Cut & Polished price per carat

(US$)

Natural Moissanite™ (crystals till <4mm and rough only)

10,000

Blue Carmel Sapphire™ (Cabochon cut)

7,000

Black Carmel Sapphire™ (Cabochon cut)

5,000

Hibonite 1000 Sapphire 500 Ruby 500 Spinel 150 Ilmenite 105 Garnet 50 Zircon 100 CPX 45 Mix KIM's (Garnet, ilmenite, spinel, CPX)

30

Rutile 25

Independent valuation of stones in Gem Box

INDEPENDENT VALUATION - ALIGN RESEARCH

12

• Deposit (Kishon Mid-Reach Zone 1)

• 1.5 MT

• Grade of 153 cpht

• Valuation as per independent valuation

• Mining

• Life of mine: 11-years

• CAPEX: $11.30m

• OPEX: $26/t

• NVP

• At discount rate of 10%: £285m

• At discount rate of 12%: £250m

• Sum-of-parts-valuation using 30% of the NPV

(12%) is 376p

Sapphire 4.50

Carmel Sapphire™ 39.36

Ruby 0.08

Natural Moisssanite™

0.10

Hibonite 0.33

Spinel 61.91

Garnet 34.09

Ilmenite 12.06

Zircon 0.58

Rutile 0.13

Sub-total (per 100t) 153.14

INFRASTRUCTURE IN PLACE

13

Operational Site and Minerological Laboratory

• All samples (reconnaissance, follow up and bulk types)

are processed through the plants at the Akko

operational site

• Final recovery is undertaken in the on-site laboratory

• The laboratory follows internationally recognised

procedures and standards for mineral recovery, sorting

and identification

• Use (ArcGIS) for modelling with additional analyses

undertaken using voxler®, strater® and surfer®

THE UPSIDE

14

15

• Continue exploration of Shefa Yamim’s permitted areas

covering approx. 60,000 hectares:

• Prospecting Permit 837A12 for the Carmel site

covering an area of 327,551 Dunams (32,755

hectares);

• Prospecting Permit 899A7 for the Ramot Menashe

site covering 112,904 Dunams (11,290 hectares); and

• Exploration permit 869B8 covering 173,636 Dunams

(17,363 hectares)

• Expand exploration efforts and bulk sampling in Zone 2 and

Zone 3 in the Kishon Mid-Reach Area as well at the primary

source in the Carmel mountain range

ROUTE TO PRODUCTION IN KISHON MID-REACH

KISHON MID-REACH ZONE 2 EXPLORATION

16

• Excellent progress in Zone 2 with results processed

from five bulk samples

• Total of 3,935.60 carats of gemstones recovered

from five bulk samples from a total of 2,908.8

tonnes of gravel

• A selection of the largest gemstones recovered

included:

• Natural Moissanite™ 4.1mm, 3.90 ct Sapphire,

5.26 ct Carmel Sapphire™

• Scheduled additional three bulk sample campaign in

Q2 and Q3 2019 will conclude exploration in Zone 2,

preparing for progress towards trial mining

MINE TO MARKET

STRATEGY

17

MINE TO MARKET STRATEGY

18

• Control over the exploration, development, mining, design,

and manufacture of unique jewellery mounted with Shefa

Yamim’s rare gemstones

• Collections will be marketed worldwide with a licensed brand

name of gemstones from the soil of the Holy Land

• Potential for direct sales to the consumer through:

• online sales

• exclusive franchises to large marketing chains

• showroom located in one of the world’s largest trading

centres for diamonds and gemstones, located

approximately one hour’s drive from the project

• Intention to create fully integrated operation including cutting

and polishing, which is expected to increase the value of the

gem quality stones

• Management has considerable experience in the

manufacturing and marketing of jewellery & precious stones

"Shefa Yamim is remarkable... this is the first time ever that a large variety of precious and rare gemstones has been found in one deposit.” Dr Gavrielov Gila

RARE GEMSTONES FOUND

19

We have a mine to market proposition with a unique assemblage of precious stones in a unique locality:

• The Carmel Sapphire™ - only found in Mount Carmel (Primary source) and Kishon Mid-Reach (alluvial/secondary deposit) in Northern Israel

• Carmeltazite, found in the Carmel Sapphire™, recognised as a new mineral

• Natural Moissanite™ – largest quantity and size found globally to date

“not only are the gems singular in their rarity and origins in the Holy Land,

but the mine life is limited to an approximated 15 years maximum. This

limited availability adds to the value of the gemstones.” Dr Gavrielov Gila

20

• Partnered with Yossi Harari for 31-piece exclusive

collection

• First collection using gemstones from the Kishon Mid-

Reach area

• Uniquely designed, handcrafted and branded 24-karat

gold jewellery line

• Prices range between $1,000 and $85,000

• Harari’s jewellery features in over 40 stores worldwide

and worn by some of the most famous women in the

world

• Collaboration is a strong endorsement of the rarity and

diversity of our multi-commodity Gem Box

• Significant milestone which forms part of ‘mine to

market’ strategy

HEAVEN ON EARTH COLLECTION

INVESTMENT HIGHLIGHTS

21

• Exposure to the gemstone assemblage via a

low cost route to production

• Demand for coloured gemstones in the last five

years has grown by 145% to US$6bn

• Progressing towards trial mining in the Kishon

Mid-Reach Zone 1

• First mine in Kishon Mid-Reach Zone 1 at the

lower end of the cost curve

• Mine to Market strategy and partnership with

world-renowned jewellery designer

• Experienced international consulting team

INTERNATIONAL CONSULTING TEAM

Professor William Griffin

Respected academic and Professor of Geology at Macquarie University.

Program Director for Technology Development and Industry Interaction in the ARC

National Key Centre for Geochemical Evolution and Mettalogeny of Continents

(GEMOC).

22

Dr. John Ward

Dr. Ward has a PhD in Geology and has won the Oliver Davies and Henno Martin

Medals for his contributions to academic and economic geology. A leading alluvial

diamond exploration geologist with over 35 years’ field experience.

Prof. Mike de Wit

Highly respected chief geologist focusing on diamonds and geophysicist. Worked for

two of the largest resources companies in the world, Anglo American in South Africa

and De Beers. Diamond focused geologist. A Professor at the University of Pretoria.

Dr. Renato Spaggiari

Exploration Manager at Allotropes. Previously the Vice President at C&K Mining,

Cameroon. Strong geomorphology and sedimentology background. PhD research

dealt with favourable conditions for diamond deposits along Africa’s west coast.

SENIOR MANAGEMENT

Abraham (Avi) Taub, CEO

Co-founder of Shefa Yamim (A.T.M.) Ltd, Avi has over 45 years’

experience in all aspects of the gemstone sector from cutting, polishing

and marketing. A scholar of Gemology and Mineralogy, Avi is a second

generation of the founders of the Israeli diamond industry. A serial

entrepreneur, he has founded and managed a number of Israeli

companies.

23

Vered Toledo, COO

Vered has led Shefa Yamim’s exploration and operations team for over 19

years. She is responsible for field, plant and laboratory activities and

overseeing staff affairs. She has extensive in-field experience with a focus on

gemstones and especially the rare, potential moissanite (SiC) and Carmel

SapphireTM discoveries.

David Ben David, CFO

Certified CPA for 15 years (BA in Economics and Accounting, Bar Ilan

University). Auditing & analyzing financial reports for various public

companies in Israel. Has an in-depth knowledge of the Capital Market and

analyzing financial data. Experienced in internal auditing and risks

assessment and management.

THE Board of Directors

24

Michael Rosenberg , OBE - Chairman of the Board

An expert in corporate finance with over 40 years’ experience working on

boards globally. Extensive experience of being Chairman and Non-Executive

Director of UK listed companies. He is also a mentor to The Prince’s Trust.

James AH Campbell, Non-Executive Director

A qualified geologist, James spent over 20 years with De Beers’ Global

Mining and Exploration Group before becoming Managing Director of African

Diamonds plc in 2006. Since then he has served on a number of UK and

Canadian boards including West African Diamonds plc, Stellar Diamonds plc

and Rockwell Diamonds Inc. He is currently Managing Director of Botswana

Diamonds plc.

Nathalie Schwarz, Independent Non-Executive Director

A qualified lawyer, Nathalie started her career at leading global law firm Clifford

Chance focusing on cross-border mergers and acquisitions, corporate

restructurings, IPOs and private equity. She has extensive Board experience, both

as an Executive Director and Non-Executive Director, of UK listed companies

including Channel 4 Television Corporation, Capital Radio PLC and Amiad Water

Systems PLC. She is currently a Non-Executive Director on the Board of UK

publicly listed company Wilmington Group PLC.

THE Board of Directors

25

Gershon Fraenkel, Independent Non-Executive Director

Gershon Fraenkel is a British Citizen and founder of WST Charity Ltd, in North West

London which focuses on alleviating poverty within the Jewish Community in the area. He

has successfully launched many international businesses in the last 25 years, including

SEACO Group of Companies and Linkedell Ltd.

Hanoch Ehrlich, Independent Non-Executive Director

Hanoch Ehrlich is a qualified lawyer. He has worked on several international M&A

transactions, including advising companies in Central and Eastern Europe. He is

experienced in litigation, having represented various entities such as the Israel Military

Industries Ltd., the Shikun U’binui Group (the largest construction conglomerate in

Israel), the Ofer Brothers Group, the Yitzhak Tshuva Group, Bank HaPoalim, the Israel

Discount Bank, the Industrial Development Bank, the Israel Shipping Bank, Amdocs

(Israel) and the Israel Citrus Marketing Board.

David Nachshon, Independent Non-Executive Director

Israel David Nachshon, a graduate in Rabbinical Ordination, Mr Nachshon has extensive

ties within the Jewish community worldwide, as well as established government relations

in Israel. He has been on the board of Shefa Yamim (A.T.M.) Ltd and Shefa Yamim Ltd

since 1999, when the company was founded. Mr Nachshon is a Board member of the

Jewish community institution in Kiev, Ukraine, Chairman of the Chabad Jewish Mobil

Mitzva Centre, Chabad Youth Movement Tzivos Hashem and Chabad Educational

Institutions.

APPENDICES

26

Diamond Natural

MoissaniteTM Diamond Carmel

SapphireTM

2018 OPERATIONAL OVERVIEW

27

Kishon Mid-Reach (4.5km long and approximately 150m wide)

• Completed bulk sampling campaign in Zone 1 with 137 drilling surveys and 14 bulk samples

• Produced 9,778.15 carats of gemstones from 6,384 tonnes of gravel

• Results of exploration activity for Zones 1-3 show a significant increase in total volumes of mineralised placer

gravels from approximately 1.1 million tonnes (Mt) to 5 Mt

• Increased gemstone suite to nine precious stones ("Gem Box"), with the potential to expand further, as spinel,

ilmenite and garnet are deemed to be of 'gem quality'

• Granted first Prospecting Licence (869C9) and made good progress with planning and regulatory procedures

to advance the Kishon Mid-Reach Zone 1 area

• Received official recognition on a new mineral in nature named Carmeltazite, discovered by Shefa Yamim,

and found in its gemstone, the Carmel Sapphire™

• Renewed Exploration permit (869B8) covering an area of 17.36 hectares

Post Period Highlights

• Paradigm Project Management (Pty) Ltd ("PPM"), completed TEE report

• Yossi Harari completed 31-piece jewellery set titled Heaven on Earth

• Excellent progress in Zone 2 with results processed from five bulk samples

• Total of 3,935.60 carats of gemstones recovered from five bulk samples from a total of 2,908.8 tonnes

of gravel

• Extended prospecting permits 837A12 and 899A7 covering a total area of 44,045 hectares

28

FY 2018 P & L

29

FY 2018 Cash Flow

30

FY 2018 Balance Sheet

THE HISTORY

31

HISTORICAL DEVELOPMENT

32

Shefa Yamim

(A.T.M.) Ltd.

established 1999

2003

2005

2012

2014

2017

2017

Secured exclusive

exploration and

prospecting rights

covering 60,000

hectares

Started drilling

program

Shefa Yamim Ltd started

trading on TASE

Started drilling

program in Zone 1

Completed CPR

in October

Shefa Yamim

(A.T.M.) Ltd listed on the LSE

in December

33

MOISSANITE A RARE MINERAL

NATURAL SILICON CARBIDE (SiC)

The directors believe that Shefa Yamim is the only company in

the world to find large quantities of Natural Moissanite™

• Deep blue-green colours

• Transparency

• Iridescence

• The brilliance, fire, lustre and hardness of Natural Moissanite™

make it ideal to use in jewellery

• Historically, small quantities found naturally

• Produced artificially and sold as gems

• Prices for rings range from circa.US$79 to over US$31,179 by

Charles & Colvard Ltd.

• Shefa Yamim has found Natural Moissanite™ in Mt. Carmel-

Kishon River area, Israel

• Single crystals to >4mm

• Other localities worldwide - <2mm

Very rare mineral discovered by the French chemist Henri

Moissan in 1893

34

CARMEL SAPPHIRE™

Carmel Sapphire™ is the dominant mineral species recovered

from bulk samples to date (with grades up to 255 cpht)

• Colour typically orange-brown, transparent with pockets of volcanic

melt including metalliferous compounds

• Pockets contain a unique assemblage of minerals usually found in meteorites

• A registered brand “Carmel Sapphire”™

• Polishing reveals unique qualities and considerable potential as gemstones

• Carmeltazite, found in the Carmel Sapphire™, recognised as a new mineral

Carmel Sapphire™

Rough

Carmel Sapphire™

Cabochon cut Carmel Sapphire™

Full cut

YOSSI HARARI WORLD RENOWNED JEWELLERY DESIGNER

35

• Yossi Harari has partnered with Shefa Yamim to

create an exclusive jewellery collection using Shefa

Yamim’s gemstones

• Career spanning over 26 years and a multiple winner

of the Couture Design Award, the ‘Oscars’ of the

jewellery industry

• Known for timeless, handcrafted 24-carat gold

jewellery

• His jewellery has been worn by some of the most

famous women in the world – Rhianna, Jane Fonda,

Oprah Winfrey, Jessica Alba etc.

• Harari’s jewellery features in over 40 stores worldwide Source: www.yossiharari.com

Source: www.yossiharari.com

36

WHY ISRAEL? • World’s largest trade centre for diamonds

and precious stones

• Low marketing costs

• Established corporate governance and

democratic structures

• Mining Laws based on English Law

• Established infrastructure

• Government supportive of natural resources

sector

37

STRONG NEWSFLOW

38

Disclaimer

The material in this presentation has been prepared by and is general background information about Shefa Yamim

(A.T.M.) Ltd (the Company)’s activities as at the date of this presentation. This information is given in summary form

and does not purport to be complete. Information in this presentation, including forecast financial information, should

not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing

or selling securities or other financial products or instruments and does not take into account your particular

investment objectives, financial situation or needs. Before acting on any information you should consider the

appropriateness of the information having regard to these matters, any relevant offer document and in particular, you

should seek independent financial advice. All securities and financial product or instrument transactions involve risks,

which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in

international transactions, currency risk.

This presentation may contain forward looking statements including statements regarding our intent, belief or current

expectations with respect to the Company’s businesses and operations, market conditions, results of operation and

financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to

place undue reliance on these forward looking statements. The Company does not undertake any obligation to

publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after

the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of

forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical

examples are subject to uncertainty and contingencies outside the Company’s control. Past performance is not a

reliable indication of future performance.

This report (including any enclosures and attachments) has been prepared for the exclusive use and benefit of the

addressee(s) and solely for the purpose for which it is provided. Unless the Company provides express prior written

consent, no part of this report should be reproduced, distributed or communicated to any third party. The Company

does not accept any liability if this report is used for an alternative purpose from which it is intended, nor to any third

party in respect of this report.