Michael Curry

Canada’s 1st environmental investment firm.

U.S. securities offered through Growth Capital Services, member FINRA, SIPC 582 Market Street, Suite 300, San Francisco, CA 94104

This document is being furnished to you strictly on a confidential basis and does not constitute an offer to sell or a solicitation of an offer to buy the units of any fund including Investeco Sustainable Food Fund (International), L.P. or Investeco Sustainable Food Fund, L.P. (in any case, the “Fund”). Each recipient of this presentation hereby agrees to return it, and any copies of it, promptly upon request, to Investeco Capital Corp. Units of the Fund (“Units”) will only be offered to pursuant to the Fund’s Private Placement Memorandum or Offering Memorandum (in either case, the ”PPM”), and only in those jurisdictions where and to those persons to whom they may be lawfully offered for sale, and therein only by persons permitted to sell or issue such securities.

In making an investment decision, investors must not rely on this presentation, but rather on their own examination of the PPM, including the merits and significant risk factors involved. Investment in the Fund is suitable only for qualified sophisticated investors and requires the financial ability and willingness to accept the high risks and lack of liquidity inherent in an investment in the Fund. Investors must be prepared to bear such risks for an extended period of time. No assurance can be given that the Fund’s investment objectives will be achieved or that investors will receive a return of or on their capital. Prospective investors should not construe the contents of this presentation as legal, tax, regulatory, investment, financial or accounting advice, and each prospective investor is urged to consult with its own advisors with respect to the legal, tax, regulatory, investment, financial, accounting and other consequences of an investment in the Fund.

None of the Fund, the general partner of the Fund, or Investeco Capital Corp. is registered as an investment fund manager, investment adviser, or investment dealer in any jurisdiction. Accordingly investors will not receive any of the protections that would be afforded by such registrations.

The Units have not been approved or disapproved by the United States Securities and Exchange Commission (the “SEC”) or the Ontario Securities Commission (the “OSC”) or by any state or other jurisdiction, nor has the SEC or OSC or any securities regulating authority passed upon the accuracy or adequacy of the Fund, the PPM, or this presentation. Any representation to the contrary is an offence.

Past performance of any investments described herein is not indicative of future returns. This presentation contains “forward-looking information”. Forward-looking information includes, but is not limited to, information with respect to the operations, investment strategy and processes of the Fund as well as the Fund’s ability to identify and conclude transactions with acquisition targets and complete subsequent liquidity events. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Fund, to be materially different from those expressed or implied by such forward-looking information, including risks associated with the private equity industry such as economic and market conditions, the ability to raise sufficient capital, the ability to identify and conclude acquisitions of suitable investment opportunities and complete liquidity events on favorable terms. Implicit in this forward-looking information are assumptions regarding the general economy, market demands, debt financing availability, currency exchange rates, interest rates and opportunities. These assumptions, although considered reasonable by the General Partner based on information currently available to it, may prove to be incorrect. Although the General Partner has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The General Partner does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Furthermore the market information contained herein comes from third party sources. Although this information is believed to be reasonable, no representation or warranty is made as to its accuracy in whole or in part.

Pursuant to U.S. Treasury Circular 230, we hereby advise investors that: (a) the advice addressed below is not intended or written to be used, and it cannot be used, for the purpose of avoiding penalties that the Internal Revenue Service may attempt to impose on an investor, (b) the advice was written to support the promotion or marketing of the matter(s) addressed below, and (c) investors should seek advice based on their particular circumstances from an independent tax advisor.

Private and Confidential

Private and Confidential Slide No

Investeco

Focused on expansion stage sustainable food companies, and/or companies developing technologies that enhance agriculture productivity

Building on the manager’s proven success in investments in Sustainable Food and Ag.

Primary focus is to make a financial return from developing a more sustainable, healthy and resilient Food and Ag. Sector

GIIRS Pioneer Fund

1

Private and Confidential Slide No

Managing Partners

Andrew Heintzman, Co-founder & President (2001)

Alex Chamberlain, Managing Partner (2002)

Michael Curry, Managing Partner (2002)

Partners since inception, with owner-operator approach to investing

• Published author on sustainable food & energy• Exec Chair of Rowe Farm Meats Ltd; Director of Horizon Distributors• Involved in climate and green energy policy development, Province of Ontario

• Vice-Chair Organic Meadow, Director of Rowe Farm Meats Ltd.• Former founder/CEO successful $20M building materials distribution co.• 7 years in Canadian reforestation industry

• Former attorney at a prestigious Toronto-based firm• Former investment banker, PricewaterhouseCoopers Securities• MBA, LLB, CFA, extensive experience in law, corporate finance

2

Private and Confidential Slide No

Sectoral investment strategy

servicescapital + capacity + strategy

BioeconomyClean Energy

& EnvironmentSustainable Food

& Agriculture

FU ND I I I ( C LE A NTE C H)

sectoral strategy in food, agriculture and the bio-economy

3

Private and Confidential Slide No

Food Fund LP Advisors

Jalynn Hamilton BennettFormer Chair

Investment Committee

Roger DickhoutPresident

Martin ConnellFounder

David SculthorpeCEO

Marty ThrasherFormer President

Ian WalkerPresident

Gaetan LussierFormer Deputy

Minister

Charlie ScottFormer

PresidentAbe Gomel

Former President

Active LPs provide deal flow and

transaction support

4

Private and Confidential Slide No

Environmental and social benefits

Improving health outcomes from: healthier food for consumers, lower pesticide ingestion, reduced use of antibiotics.

Improved environmental profile through better maintenance of soil quality, better use of water and less water pollution from agriculture, less damage to ecosystems and other species, less reliance on fossil fuels and other damaging and expensive agricultural inputs, more efficient use of resources

Social benefits include: more resilient food systems that are less vulnerable to collapse and more able to withstand future challenges such as peak oil, water scarcity, and climate change.

5

Private and Confidential Slide No

We know food …

Value Add: Helped structure company, hire management, establish/chair board, establish commercial relationships

6

• .

Private and Confidential Slide No

We know food …

Value Add: Reorganized business around retail strategy, hired management, built, chaired board, established partnerships

7

Private and Confidential Slide No

We know food …

Value Add: Active board seat, consulted on acquisition strategy, chaired compensation committee

8

2005 2010Sales 58.8M 101.5MEBITDA 3.2M 6.0M

Invested Returned Gross IRR$5.3M 5.8M 3.4%

Private and Confidential Slide No

Macro trends supporting Food Fund

Health Est. 40% adults, 20% children suffer from diabetes or

obesity in North America…a 2-3x generational increase 1

CDC estimates U.S. 2000 direct medical cost of obesity at $61B, and indirect economic loss of $117B…doubling each decade since 1980 2

Environment

Globally 5-6M hectares farmland lost annually to human activity, including aggressive agriculture practices 3

70% of global fresh water is used in agriculture; while 2/3 humans are expected to live in water-stressed areas by 2025 4

Policy Canada % Daily Value campaign; youth nutrition Michelle

Obama’s #1 issue

1 Obesity and the Economics of Prevention OECD 2010:; "Obesity and Overweight: Trends: U.S. 1985–2006". CDC. 2007-07-27.; 2 Obesity Costs States Billions in Medical Expenses, CDC, 2004-01-21; 3 Farmland Forecast, Colvin & Co June 2009; 4 JWT Intelligence, interview Dan Crossley, principal sustainability advisor, Forum for the Future, Feb 2012

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Private and Confidential Slide No

North American fundamentals

Source: Packaged Facts Natural and Organic Foods and Beverages in the U.S., 3rd Edition, July 2011

2009-2010 $ Rev Growth

Omega: 42%Anti-oxidant: 29%GMO Free: 27%Gluten Free: 16%Fair Trade: 16%Probiotic: 13%Calcium: 13%High Fiber: 13%Low Glycemic: 12%No Sodium/Salt 10%Organic: 9%Conventional: 0.6%

Source: The Nielson Company 2010; SPINS

13

Private and Confidential Slide No

Proprietary deal flow

Currently tracking >400 opportunities

15

AgTech

Aquacultu

re

Bakery

/Snack

Bevera

ge

Biocide

Biofuel

Bioproduct

Brand/M

anufac

turerDair

y

Fruit/

Nut

Greenhouse

Health

and Bea

uty

Honey/Sy

rup

Meat

Natural

Ferti

lizer

Nutraceu

tical

Packag

ing

Proces

sor

Renew

able

Chemica

ls

Silvic

ulture

Speci

alty C

rop

Speci

alty D

istrib

ution

Speci

alty R

etail

Vegeta

bleW

aste

05

10152025303540

Subsectors

# of Com-panies

Maritimes Quebec Ontario Western Canada USA0%

10%20%30%40%50%

Regional percentage

Regional percentage