“Invest in Nigeria”London,

March 2014

PROTEA INVESTMENT PARTNERS

2

INTRODUCING VENTURE GARDEN NIGERIA

3

Our Key Team Members

►Chief Executive Officer

An execution focused executive with over 16 years entrepreneurial experience in high-tech sales, solutions development and management; including starting over 5 companies in Nigeria and in the US.

Bunmi Akinyemiju

►Executive Director

Over ten years’ experience driving innovation in large-scale complex projects including global strategy and business development in emerging market. Kunmi broke the deal for three global US and Asian airlines to enter the Nigeria market. 

Kunmi Dumuren

CEO FE3DS, LLC; Founder FEEEDS Advocacy Initiative; U.S. AMBASSADOR TO NIGERIA & ECOWAS, 2007-2010 & REPUBLIC OF CONGO 2002-2005

Ambassador Robin Sanders

► Chairman Advisory Board

►Chairman Governing Board

Former Vice-Chairman of the Board of Mobil Producing Nigeria and Chief Financial Officer of the ExxonMobil Upstream Companies in Nigeria. He has served as Project Finance Director (Europe, Middle East and Africa), Country HR Manager and General Manager, Planning and New Business Development.

Mr. Cyril odu

4

Our Key Team Members Cont’d

►Chief Operating Officer

With over 16 years multifunctional, multisectoral, multinational work experience, he brings a rich and exciting combination of leadership, passion and high execution capacity to the team

Babatope Makun

►Head, Business Development and Strategy

A Business Development Expert with a keen interest in developing effective Business systems in Africa, Sheila’s experience spans across testing the suitability /viability of products & services in target locations (esp. Africa), Coordinating Company’s Sales activities, Prospecting (from Major corporations to HNWI), Development of Sales processes & tools in target location and Sales Process Management

Sheila Ash Nelson

► Chief Technology Officer

Over 15 Years’ experience leading technology teams; over ten years of extensive experience in software development both in the public and private sectors in Nigeria, and the United States of America. Demola has built over 45 technology solutions for 2 US Fortune 500 companies.

Demola IDowu

►Investment Advisor

Over 13 years’ experience financing, investing, and building businesses. Founder and Managing Director, Huron River Ventures, an $11m early stage venture capital firm. Previously founded US corporate venture group for HSBC. .

Tim Streit

Developed Economies seem to be light years away…

5

Aviation

Education

Transport

Healthcare

Finance

..With fully Automated Data management

and Electronic payments systems

Technology has been identified as the major driver…

6

...One of the most significant findings

in the last 50 years is that a large share of economic growth of

any developed country is driven by

Technology & Innovation

But Emerging and Frontier Countries especially in Africa are significantly behind due to low adoption of technology "

5

Especially in• Automation of Data

collection processes • Conversion to Electronic

payments platforms• Mobile phone penetration• Internet penetration• Centralized Identity

system/Credit system

Aviation Finance

Education

Power

Though many still have peculiar challenges especially in the areas of…

8

Cash economies

Manual processes

Lack of data and Effective data management processes

Cash ‘Leakages’ Graft Robbery

No cash registers Ledger based inventory

control systems Paper accounting

Inability to plan, seek Foreign Direct Investment (FDI) etc

World bank, International Finance Corporation (IFC) and other institutions are frustrated

Population dynamics, consumption, etc – data quality is poor

Emerging Markets

Billing & Payment

s

Automation

Data

Venture Garden (VGG) is a collection of companies that develop automated data collection, data management, and payment processing solutions for emerging markets, particularly Africa - in several sectors

ranging from financial services, education, aviation, and for the petroleum sector. 

9

Venture Garden has

developed a number of

specialized Information &

Communications

Technology (ICT) solutions

for these sectors based

on a unique service

platform that supports all

the sectoral areas of

focus!

What is

BIG DATA = Data warehouse, analytics, decision making data systems

VGG has launched more than 12 companies that are generating income with major customers and are ready for growth capital

and national roll-out…Sectors include;

10

[Big DATA][Automation]

[Payment/Billing

Technologies]

Education

Aviation

Oil and GasFinance

Power

Other Tech-start

ups

™

11

INTRODUCING EDUTECHTHE EDUCATION FOCUSED ARM OF VGN

Transformative e-Learning, Built for Africa!

- A uniquely customized online/offline content delivery platform on a tablet device with no internet required to operate.

- Rapid video capture technology with automatic slicing and syncing

- Connected to ubiquitous payment channels for automated revenue collection

e-Learning built for

Africa – Transforming

lives by expanding

access to quality

learning beyond

classroom boundaries

What is™

12

™

Education in Africa – The Nigerian Case Study

- There are 1.5 million college applicants annually in Nigeria alone

- 127 Universities across Nigeria

- Together they have a capacity to admit only about 250,000 annually

Why?

- Lack of capacity -Limited Access PENT-UP DEMAND IS MASSIVE!

Country Population Universities Students:Uni

USA 290million 2,618 100,000:1

Japan 127million 1,223 100,000:1

Nigeria 140million 127 1,050,000:1

13

™

Track Record

Bursary/Treasury Automation ONLY: for 13 Universities, processing payments, online registration and results processing for over 200,000 students across Nigeria to-date via Eduportal

Traction

10 year Exclusive Contract signed with top 2 national Universities in the Northern and Southern parts of Nigeria – OAU & ABU

Three additional top Universities in negotiations stage

Revenue/EBIDTA Opportunity

Revenue Opportunity on OAU and ABU is $111.5m

Projected EBIDTA - $83.9m Total Addressable Market: 10 of the top

Universities in Nigeria

Building on its early success, Edutech is going to redefine Education in Nigeria

Barriers to Entry

Rigorous regulatory approval process (EduTech is approved with OAU),

Over 1,500 hours of content recorded, across over 400 lecturers

Unique United States hardware technology used, with West Africa rights locked down

™

15

OTHER ENTITIES AND INCUBATED COMPANIES

16

INTRODUCING PROTEA INVESTMENT PARTNERS

THE FUNDING ARM OF VGN

17

PROTEA INVESTMENT PARTNERS

Key Differentiators

•Protea Investment Partner is the funding arm of Venture Garden Nigeria. Officially launched in 2013, Protea is headquartered in Jersey and drives Venture Garden Nigeria investments activities especially in Europe.

•Protea is driven by the belief that we are able to deliver proven technologies into targeted sectors in Africa which are key to economic development and sustainable growth.

• Local advisory team with strong track record to monitor Technology Companies.

• Specialist intelligence led risk containment capabilities.

• Partnership with VGG to generate pipeline + Existing pipeline that demonstrates double bottom line (high growth + impact investment opportunities).

• Our business model is designed to limit Exit risks.

PROTEA INVESTMENTS PARTNERS PEOPLE

18

Nicholas Connell – Risk Advisor

Founding partner of Rubus Group, a qualified lawyer with practice experience in South Africa and the UK. Nic worked as an in-house lawyer with Rand Merchant Bank (UK) before joining the intelligence industry. Nic holds an LLB from the University of Witwatersrand and an MBA From Imperial College London. He is a member of the Law Societies of England & Wales and South Africa. Nicholas is also a member of the Chartered Insurance institute and Chartered Institute for Securities & Investment. Nicholas is a South African citizen..

Team - best of both worlds

•The Nigerian Portfolio Management team have worked together for many years building technology companies in Nigeria and USA.

•Fund Management team based in Jersey, having worked together for many years in fund services and risk management

•Strong historic links between the two halves.

19

PROTEA INVESTMENTS PARTNERS PEOPLE

Anthony Dunmade – CFOOver 11 years' experience as a UK qualified accountant in the finance industry. Anthony previously worked as a manager for a European private equity fund Service company and was responsible for the financial & management reporting for a large European based fund manager. He has also worked as a Manager of Accounting Services at State Street Global Services in Jersey where he was responsible for the production of management accounts, statutory reporting and audit for a portfolio of complex SPV structures. Anthony is a fellow member (FCCA) of the UK Chartered Association of Certified Accountants and holds a BA (Hons) Business Accounting from the University of Lincoln in the UK. Anthony holds British and Nigerian citizenship.Joel Haskins – Fund ManagerOver 16 years as a Canadian Chartered Accountant with 9 years in private equity. Joel has held senior director level positions with two multinational private equity fund service companies . He also has CFO experience working for a large Swiss based private equity management company. Joel moved to Jersey in 2008 in order to lead the startup of Northern Trust’s private equity fund administration business in Jersey and has worked extensively with a large American hedge fund manager, assisting them in their first two African focused private equity funds. Joel received a Bachelor of Business Administration (B.B.A) from Simon Fraser University in Canada and qualified as a Chartered Accountant with PwC. Joel is a Canadian citizen and also holds permanent residency status in the United Kingdom.

20