An emerging leader and developer of Green Alternatives for Bio Energy And Agricultural Food crops in Africa Developing a BioEthanol Refinery from Cassava.

An emerging leader and developer of Green Alternatives for Bio EnergyAnd Agricultural Food crops in Africa

Developing a BioEthanol Refinery from Cassava for Zambia

About GroAfrica

GroAfrica Limited is a Zambian agricultural and green energy based company with a primary focus to develop a bio ethanol refinery based on cassava feedstock.

GroAfrica has sourced an over abundance of cassava in Zambia that far exceeds consumption. We have developed a hub and spoke model for collection points from +40,000 cassava farmers, which will be peeled, chipped and transported to a 100 HA Refinery lot owned by the Company.

The Zambia market under Government mandated fuel blending is 70M litres a year. GroAfrica plans with a modular refinery to produce initially 15M litres, and ramp up over time as downstream markets are developed.

Why GroAfricaGroAfrica is a diversified bio energy and agro company in a stable Zambia with expansion planned through out southern AfricaPlans to be the first bio ethanol refiner in Zambia with a Zambia Government mandate to blend all fuels with ethanol

THE POSITIVES Feedstock is secure with 45 supply co-op contracts. Over abundance of feedstock ( cassava) touching only 3% of market, so no negative food for fuel impact concernsCreating a new market to help 45,000 small scale farmersBe main supplier of ethanol to Government blending refinery Downstream diversification markets ( clean cooking etc)Land secured for plant/refinery and Company’s own plantation for long-term feedstock supplyAgricultural diversification business/revenue streamsROI of 44%, IRR 31%Experienced collaboration proponent partners engineers

About Zambia Republic of Zambia, 50 years of

independence Population 13.8 M Area = 752,614 km² Language English, Bemba Main exports Copper, Minerals,

Agricultural Top 5 copper producing country GDP growth 6.7% Fraser Institute Economic Freedom rank

of 38th (7.6 on a scale to 10), 2012

Euro area Government debt to GDP

Zambia Government debt to GDP

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ZambiaThe Market

Our objective is to become the first Zambian Bioethanol producer from Cassava

Primary Market – Fuel blend mandate in Zambia, reduce it’s import

Secondary – Power Generation/Electrification

Tertiary – The Cookstove market in Zambia ( to replace charcoal source cooking)

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ZambiaLocation Zambia, Farm area and Rain fall

Our objective is to become the first Zambian Bioethanol producer from Cassava

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Cassava

Our objective is to become the first Zambian Bioethanol producer from Cassava

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Cassava

Cassava is the 4th largest staple in the world after wheat, rice and maize

About 500 million people around the world depend on cassava as a staple food

Cassava is the 3rd largest source of carbohydrates in plants used for food in the world

Planting of cuttings to maturity and first yield is 16 months, but is resilient and can stay in the soil up to 4 years

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Cassava Benefits as a feedstock

Cassava has the highest known rate of sucrose synthesis of any plant surveyed to date (80-90% Carbohydrates-3.05Mcal/kg)

Potential starch yields are greater than most other starch producing plants when grown under ideal conditions (90 tons FW/hectare)

Cassava is drought tolerant Cassava grows well even in poor soil conditions Cassava is protected from most pests and

herbivores by cyanogenic glycosides Cassava requires little maintenance or labor in the field

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Bio Ethanol Refinery Process

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Bio Ethanol Process

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Bio Ethanol Refinery Process

Source: GroAfrica Business Plan

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Project Site – Google Earth

100 HA Plant site acquired by GroAfrica

Executives

Paul Lemmon – CEO - is Founder, CEO of GroAfrica Ltd. He is a Professional Geologist licensed by the Association of Professional Engineers and GeoScientists in Canada. Paul is a member of the Prospectors & Developers Association of Canada, The Canadian Institute of Mining, and Canadian Geological Association. Paul is a Fellow of the Geological Society of London UK, the licensed body for professional Geoscientists in the United Kingdom. Paul is also a Professional Graduate of United Kingdom’s Institute of Materials, Minerals and Mining, and a Registered Professional Natural Scientist in South Africa. Paul is Director, Chief Geologist of Copperzone Resources Ltd, CEO of Great Rift Valley Energy Ltd (Tanzania). Paul's resource based experiences in Africa date back to 1991.

Rabby Kamukwamba - COO is a successful Zambian businessman with real estate, development and other industry enterprises. He is also Country Manager and Director of Copperzone Resources (Zambia) Ltd a copper exploration company with 2 Major mining companies as JV partners . Rabby holds several Directorships in resource based companies

ExecutivesRobert Sequin – CFO -Dual-national & multilingual Senior Manager with over 30 years of institutional sales & management of securities dealers, and Independent Financial Advisory firm in various international and multicultural environments. Demonstrated successes in start-up situations, focused on business development, and generated increasing revenue and profitability, through organized and targeted communication, marketing and salesmanship. Excellent organizational skills, highly motivated and innovative in approaching uncharted business territory. Previous experience in the Bioethanol field includes projects in Colombia (sugarcane) and Bulgaria (wheat) where Mr. Seguin defined the company’s financial strategy Financial Strategy and Financial Model; Preparation of Investor Information Memorandum; Structuring of financing with a mix of Equity and Debt instruments, possibly leasing and vendor financing.

Michael Farley PhD– VP Corporate Development- Michael’s career in international business spans 30 years. He ran the Canadian Government inward investment programs for 10 years and subsequently founded three companies. Michael has raised $US 300 million + for early stage companies and investments in bio-industry field and maintains relationships with Cleantech and Renewable Energy investment fund managers around the world. He is a frequent advisor togovernments on bio-industry regional development. Michael holds MSc (Ecology) and PhD degrees from the Université de Montréal in Canada.

ExecutivesThomson Sinkala – a PhD holder, is a mining engineer by qualification and a biofuels practitioner. He is CHAIRMAN of Biofuels Association of Zambia; He has undertaken consultancy work on bioenergy for various high profile clients including International Labour Organisation (ILO) / Business Development Services (BDS), United Nations Industrial Development Organisation (UNIDO), United Nations Economic Commission for Africa (UNECA), and the World Bank. He has been called upon internationally for various tasks including expert speaker, technical adviser, and contributor to major publications on biofuels. Some of his contributions to publications on biofuels include “Food versus Fuel – an informed introduction to biofuels”, Frank Rosillo-Calle and Francis X. Johnsson (Eds.), Zed Books, London and New York, ISBN 978—1-84813-383-9; and (2) “Bioenergy for Sustainable Development in Africa”, Janssen, Rainer; Rutz, Dominik (Eds.), ISBN 978-94-007-2180-7. Prof. Sinkala is the winner of the 2011 Mwape Peer Awards on Research, for providing guidance in research in the field of biofuels in Zambia. His innovation on integrated food/fuel system has been identified by NEPAD for incubation in Southern Africa, the only one outside of South Africa. Professor Sinkala is Zambian

AdvisorsWilly L. Mwamba - is presently working as a business project developer for biodiesel production in Africa. He has previously had a long career as an oil production and reservoir engineer in DRC with Gulf Oil and Chevron Oil Company after the merge of the two corporations. As production engineer he has intensively participated in the expansion of the oil production facilities on several oil fields at the Atlantic coast of DRC. As Oil reservoir engineer he has had a major input in the planning and the implementation of the water flooding project of one of the major oil field reservoir of Chevron Oil Company in DRC, the Mibale field. He holds a Master Degree in Chemical Engineering from the Technical University of Athens Greece and several certificates in oil production engineering techniques from Flopetrol in Melun France, from Gulf oil Company in Houston and New Orleans, from Chevron Oil Company in San Ramon California. He also obtained several certificates in the oil gas lifting technique from Rike Service in New Orleans and certificates in ManGAment from the American ManGAment Associations. Willy is German. Joseph M Ameni - works as a business project developer in oil/mining exploration and community affairs with particular interests in markets analyses, strategic alliances, corporate social responsibilities and legal matters. He is co-founder of some mining exploration/oil supply companies of which Copperzone Resources Limited operating in Zambia. Previously, he had an 18-year empowering career as a corporate secretary and a regional manGAr for various state-owned/international private oil supply corporations in DRC, with professional responsibilities including the manGAment of the public and governmental relations, the promotion of oil exploration programs in the DRC basins towards international investors, and the negotiation of various oil supply agreements. He was moreover granted some mandates as a consultant for junior mining exploration/oil supply companies operating in DRC. He holds various degrees and certificates in oil/energy manGAment and Business Law respectively delivered by École des Hautes Études Commerciales (HEC) in Montreal, Canada, Institut Français du Pétrole (IFP) in Ruel-Malmaison, France, IAFE (ENI) in Roma, Italy, Petroconsultant in Geneva, Switzerland and University of Kinshasa, DRC. Joseph is Canadian

Engineering Collaboration Partners

WSP Global

WSP Global is a diversified group of engineers, scientists, technicians consultants and academics, with approximately 32,000 employees globally in 39 counties. WSP has significant experience in Zambia.

Pro-Formas

Source: GroAfrica Business Plan – please seek full financials

Year 5 Summary of Financials Base Optimistic PessimisticTurnover $63,020,800 $64,627,800 $61,413,800 Cost of Turnover $38,452,221 $37,122,441 $40,125,931 $24,568,579 $27,505,359 $21,287,869 Operating Costs $13,027,406 $12,020,701 $14,033,994 Profit Before Tax $11,541,173 $15,484,658 $7,253,875 Profit After Tax $11,541,173 $15,484,658 $7,253,875 Debt to Equity Ratio 0.20 0.14 0.34

Total investment $18,800,000 ROI (average per year over 10 years) 44% IRR Over 10 years 31% Payback Period Ordinary 5.22 years Discounted 5.64 years

Financial Performance ResultsIRR 31.29%PI 3.44NPV at WCC $45,929,375 Discounted Pay Back period (Years) 5.64

GroAfrica is seeking a financing of debt/equity of $25 Million.

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DEVEX IMPACT GLOBAL VIEWS #FEEDINGDEV A Global Initiative with

How Africa can help feed the world’s 9 billion people in 2050By Jessica Ernst17 July

GroAfrica’s Agricultural Division

GroAfrica plans and in growth

Growth of Moringa as super food supplement ( Capsules to be sold in Q2 2015)Growth of Guar beans for frackingGrowth of rapeseed and Soy to address the $150M p.a. shortfall of cooking oils in Zambia

Cassava and cassava Ethanol downstream markets

GroAfrica has developed a business model to execute for ethanol cookstoves, and ethanol consumer markets in and out of Zambia.

Why GroAfricaGroAfrica is a diversified bio energy and agro company in stable Zambia with expansion through out southern AfricaPlans to be the first bio ethanol refiner in Zambia with a Zambia Government mandate to blend all fuels with ethanol

THE POSITIVES Feedstock is secure with 45 supply co-op contracts. Over abundance of feedstock ( cassava) touching only 3% of market, so no negative food for fuel impact concernsCreating a new market to help 45,000 small scale farmersBe main supplier of ethanol to Government blending refinery Downstream diversification markets ( clean cooking etc)Land secured for plant/refinery and Company’s own plantation for long-term feedstock supplyAgricultural diversification business/revenue streamsROI of 44%, IRR 31%Experienced proponent partners engineers

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Contact:UK: +44 – 203.239.4070

[email protected]

An emerging developer of Food Crops and feedstock Green Alternatives for Energy in Africa