AGRICULTURE NOT ONLYGIVES RICHES TO A NATION,

BUT THE ONLY RICHESSHE CAN CALL HER OWN 

SAMUEL  JOHNSON

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African Investment Partners is a strategic investment and niche advisory group dedicated to the sustainabledevelopment of the African continent and the people of Africa.

Founded by a group of diverse and broadly experienced professional entrepreneurs who share a commonpurpose and passion for the development of Africa. Transparency and integrity support the core values of ourbusiness philosophy and we see our clients as our partners. We adopt an approach focused on fullyunderstanding our partners business and unlocking hidden value ‐ our success depends on our partners success.

We are a proudly African company with our headquarters situated in the Indian Ocean Island of Mauritius, withstrategic alliance offices across Africa. Mauritius is geographically ideally situated and is fast developing as anAfrican financial services hub and given an enabling regulatory environment has created a credible platform forflows of worldwide capital into Africa.

Who We Are

A GLOBALLYPIONEERING VISION

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Our Philosophy

We ensure our investment model provides opportunities for other investors to co‐invest and be part of a strategy that will surely shape the future of global economic power. 

Placing our partners and our relationships at the centre of everything we do, ensuring the positive power of capital extends itself beyond the mere deal.

We are deeply committed to promoting increased investment into Africa and believe the rapid but balanced development of the continent over the past decade has created a fertile environment for investment. 

GREATRELATIONSHIPSDEFINE OURSUCCESS

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Our Role ‐ Unlocking real value through Partnerships 

Combining of three key partnerships Developing the high ground of first mover advantage where synergies are leveraged

Lowering risk and creating maximum shareholder value

The West a partner that developed capital markets with a huge appetite for well managed African businesses and wanting to find ways of doing business with the East The East

a partner that invests in long‐term strategies (people / growth / medium‐return)

AIPa partner that understands the African landscape, the depth of the East’s strategic intent and the ability to leverage the traditional capital markets

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We are uniquely positioned to identify the right African investment opportunities and match their need for strategic capital alongside the strategic focus of our investing partners, aligning all interests for real value creation.

Our primary objective is to achieve superior capital appreciation through multiple levels of value creation, with carefully planned exit strategies with/through our partners or through listing on an appropriate Stock Exchange. At the same time, we seek to invest alongside our partners, aligning our interests with that of investors and partners.

Through careful strategic planning and well structured and executed merger and acquisition activity, sustainable value can be created on the continent.

What We Do

CREATINGINNOVATIVE STRATEGIC

SOLUTIONS

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Our Strategy

UNDERSTANDING THE AFRICAN

INVESTMENT LANDSCAPE

StrategicAdvisory

We uniquely match the need for strategic capital from Africa with the strategic interest of investors

We have the ability to view assignments from both an advisory and investor perspective, providing us with a unique insight into future value creation

Sustainable InvestmentInto Africa

The rapid yet balanced development of the African continent over the last decade has created a fertile ground for investment

We have a long history of association within Africa, understanding the local context, which positions us to create ground breaking, well structured deals.

StrategicInvestment

We have a unique private equity model that supports multiple value creation points

Investment focus is largely limited to the following: Metals & Minerals Oil & Gas Financial Services Construction & Infrastructure Property Agriculture

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Our Business Model

Having developed a unique understanding of the African investment landscape, we’re positioned at the forefront of a developing global economic power. Our business philosophy and niche strategy drives our vision to become the most unique investment group on the African continent.

Understanding the African investment landscape is a challenging task. We have extensive knowledge, experience and partnerships that assist in understanding the particular complexities and nuances, enabling well‐informed decisions when developing an investment strategy.

In turn we see the opportunity for our investors and partners to participate in a unique investment environment, underpinned by a pioneering vision that will surely shape the future of global economic power.

STRIVING FOR SUSTAINABLE INVESTMENT

INTO AFRICA

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We have developed a significant Mauritian support services platform over time, which we have extended to our partners.

Our Support Services

Management Corporate

Board Representation Strategy Legal (not advice) Due Diligence Corporate Finance Project Evaluation Structuring Project Management Business Plans & Projections Valuations

Co Establishment Co Secretarial & Statutory Accounting & Financial Reporting Banking Audit Systems (business integration/web/cloud)

END TO ENDINVESTMENTSERVICES

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Their RelationshipsTheir ExperiencesTheir Backgrounds

Our People

The Team Their Expertise

With over 150 years of experience, we understand the global market place and its nuances,particularly that of Africa

UNLOCKINGREAL VALUETHROUGH

PARTNERSHIPS

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DR MARK BRISTOW | NON‐EXECUTIVE CHAIRMANBSc (Hons) Geology (University of Natal) PhD Geology (University of Natal)Mark is a geologist with more than 29 years’ experience in exploration, development, project and corporate finance andmanagement in the mining sector in Africa. Mark’s career started when he joined Rand Mines Limited in 1984 and when Randgoldwas taken over in 1994 and became Randgold and Exploration Limited (RG&E), Mark joined the Board of Directors of the newCompany and was responsible for significantly influencing that company’s strategy. RG&E was unbundled in 1995 and recognizingthe opportunity Mark became Chief Executive Officer of Randgold Resources Limited, a company with a start‐up capital of only US$10 million, but founded off the back of Mark’s vision of an African based Gold Mining Company and his pioneering work in Africa,north of the Limpopo. He has since led the growth of Randgold Resources Limited listing the Company in London in 1996, with asubsequent secondary listing on Nasdaq, and steered it through the tough period of the late 1990s when gold prices of levelsaround US$ 250 per ounce were experienced. Today Randgold Resources Limited is a major Gold Mining business with a marketcapitalisation of more than $8 billion and with Mark still leading from the helm. Understanding the broader investment opportunityin Africa, combined with his successful experience in global capital markets, Mark fully recognized the opportunity as presented andbecame a co‐founder of AIP with Warren in 2009.

Our People 

WARREN THOMPSON | CHIEF EXECUTIVEB. Compt (Hons) (Unisa), CTA (Unisa)Warren was born in Bulawayo (Zimbabwe), finished high‐school and University in South Africa and holds both British and SouthAfrican citizenship. Warren is married with three children and they have lived in Mauritius for the last seven years from where henow manages all his business interests. Warren is an accountant with more than 20 years’ experience in business operations andexecutive management, 7 years of which were in professional accounting and auditing having completed a B.Compt (Hons) fromUniversity of South Africa and an Executive mini‐MBA from Harvard. Four months after leaving Deloitte and Touché in 1995 he waspart of a team that successfully listed MotoLink Limited on the JSE and which reverse merged with privately owned transport giantSuper Rent in 1997. A successful 15 year career ensued during which time he lead a pioneering initiative to outsource transportfinancial leasing in the government sector in South Africa and held managing director positions across the Group typical of suchdiversified industrial majors. In 2005 Warren became a Group Exco member and understudy to the Group CEO and was fortunate tohold a very strategic role which included a Group wide plan to partner with China Inc. Recognizing that opportunity and the nicheM&A potential of an emerging Africa he co‐founded African Investment Partners in 2009, to develop that passion with some ofChina’s investment elite. That passion has seen relationships extend to the investment elite across the Gulf; Middle East andEurope. Warren’s extensive experience underpins his passion for strategy operationalization and this therefore creates his naturalskill for unlocking value through successful implementation and deployment of private equity.

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BRUCE BRISTOW | CHIEF FINANCIAL OFFICERBComm (University of Natal), Post Grad Diploma (Accounting), C.A. (SA), Post Grad H Dip (Taxation) (University of Natal)Bruce has gained extensive experience in financial management, taxation, regulation and general management in threejurisdictions (South Africa, United Kingdom and Switzerland). He’s had exposure to both large and small businesses, including thehighly regulated financial services industry in the UK, where he held key regulatory / controlled functions. Bruce’s career began in1990 with KPMG South Africa, where he over a 10 year period gained significant business exposed through audit, tax and consultingassignments. The last two years of this was spent in the London office, where he worked specifically on the banks and financialservices sector. He then joined a financial services group as Group Financial Controller, based in Switzerland, and which wasregarded as a leading niche brokerage business including trading, assets swaps, emerging market derivatives (mainly interest rateswaps) and equity derivatives. After a short while he was promoted to Finance Director and then Managing Director of the Londonbranch in 2005. Since 2006 Bruce has been with AHV Associates LLP as a Corporate Finance Associate and Business consultant, aboutique advising on a wide range of mergers and acquisitions, corporate restructures and disposals. Bruce has found a niche foradvising on property development and investment including structural, tax, accounting and business issues and joined AIP in 2011.

Our People 

DR WILLEM JACOBS | VENTURE PARTNER, METALS & MINERALSBPL (Hons) (University of the Orange Free State), M. Comm. (Rand Afrikaans University), PhD Economics (UNISA)Willem has over 25 years’ experience in the engineering, mining and investment sectors, including 20 years in executivemanagement and board level positions of private and public companies. He has worked in Africa, and globally in complex multi‐cultural environments and has good working knowledge of people, systems, and legal frameworks. His experience includes a proventrack record in corporate turnarounds, mergers and acquisitions, and post acquisition alignment and optimizations of combinedbusiness entities. Willem is seen as a mergers and acquisition specialist, experienced in investor relations. He has started andmanaged operations in very difficult operating conditions such as Brazil, China, India, DRC, and Russia, and has proven turn aroundcapabilities as CEO and COO. Willem started his career in 1984 as Principal consultant with Price Waterhouse, managing theStrategy and Corporate Finance practice. The major Companies on which Boards he served are Price Waterhouse, Cullinan HoldingsLtd, ABB, IMERYS, TEAL Mining and Exploration. Willem is currently a Director of Rockwell Diamonds (TSX listed Diamond Company)and in 2010 joined Randgold Resources Limited as Chief Operating Officer, after assisting them to acquire the biggest gold mine inAfrica, at Kibali.

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Our People 

DEBORAH COOPER | HEAD OF PROJECT MANAGEMENT AND RESEARCHBComm (UNISA), PMP (PMI USA)Deborah has over 20 years’ experience in IT services, starting in 1990 as a cobol programmer for Namascor, followed by PICKconsulting for Kessel Feinstein Consulting and then IT Manager to THETA (Education & Training Authority) a former client andwhere she was also part of the senior management team and involved in all strategic decisions. In 1999 Deborah moved to Dubaiand started a six year career with Jumeirah, a luxury hotel Group, initially as their Group eBusiness Development Managerresponsible for hotel websites, internet presence and their online booking engine. She then had the opportunity to start up theGroup IT Project Management department, where she was able to operationalize her theory using formal project methodologiescombined with her vast experience in the areas of IT development, integration and implementation resulting in a customised ITProject Management Framework. On Deborah’s return to South Africa in 2006 she worked initially as IT Project Manager forDeloitte & Touche Consulting and then had an opportunity to join a China based consulting firm T&D Associates as their Africanregional partner where she migrated this relationship to AIP in 2009 and has since been responsible for a broad spectrum ofactivities including preparation of information memorandum for M&A activities, research and project managing deal activities.

HANNES SOLL | VENTURE PARTNER, FINANCIAL SERVICESHannes has over 20 years’ experience in the financial services industry, a career which has notably included several listed giants. Hehas gained experience from setting up and running of small and large scale financial services companies across various industries,including an extensive range of financial products, ranging from pensions (the listed Alexander Forbes Group), mutual funds (SageUnit Trusts, now Momentum a subsidiary of listed First Rand), link products (Southern Investment Management Company, nowowned by Momentum a subsidiary of financial giant First Rand Limited), life investment platforms (mCubed Life, now owned bylisted PSG Limited), hedge funds and asset management in Africa and the UK. He specialises in financial product developmentacross multiple platforms, where he bridges the divide between creation and deployment of financial services products, having setup world class back office and systems support infrastructure including not least of all call centres, administration, finance, actuarialand legal. He has evolved a passion for world‐class product design, systems development and workflow and with the support of hisinvaluable strengths in legal, tax, technical, and operations it allows him to develop sustainable and scalable operational platforms.Hannes has during the past few years developed several structuring methodologies, taking into account the requirements aroundtaxation, cross‐boarder ownership, wealth protection, operational sustainability, etc. and has developed these methodologies byusing the legislative platforms of various countries, Double Taxation Treaty networks, Fund platforms & Stock Markets coupled withthe deployment of various leading information technology platforms. Having developed and invested into companies in Africa,Hannes today can be seen as an Africa specialist where he provides the critical and essential value add to both investor andinvestee, through the structuring and creation of commercially sustainable financial structures and operational platforms.

DISCLAIMEROpinions contained in this presentation represent AIP’spresent opinion only and are subject to change withoutnotice. All information contained in this presentationhas been compiled in good faith from sources believedto be reliable. However, no representation or warranty,expressed or implied, is made with respect to thecompleteness or accuracy of its contents and theinformation is not to be relied upon as authoritative.

Thank You

Corporate Office ‐Mauritius2nd FloorBlack River Business Park99 Royal RoadLa MivoieMauritius

info@aipholdings.comwww.aipholdings.com