RGS78 2014 Newsletter Vol2Issue1

AT REGAL SPRINGS TILAPIA, WE PROTECT AND IMPROVE THE ENVIRONMENT AT EVERY STEP. IT’S THE RIGHT THING TO DO, AND OUR BUSINESS DEPENDS ON IT.  We care for the environment where our fish are raised. Our freshwater

lakes and reservoirs are beautiful and pristine, allowing us to produce

the best tilapia in the world for you.

The world is growing, and so is the world population’s demand for

protein sources. Aquaculture, or fish farming, done the Regal Springs

way helps meet that need while respecting our natural world.

Welcome!

We’re pleased to bring

you The Regal Way, the

newsletter for the people,

the partners and the

purchasers of Regal

Springs Tilapia. We’re

proud to tell our story.

We hope you share it too.

If you have an idea for

us, please contact

magdalena.wallhoff@

regalsprings.com.

Regal WayThe

Volume 2 Issue 1 March 2014

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REGAL SPRINGS .COM

PROTECTING THE ENVIRONMENT PRODUCING THE WORLD’S BEST TILAPIA

Myrtle Turnquist joined the Regal Springs group in 2012 and serves as Chief Financial Officer and Deputy Chief Executive Officer. She has lived and worked throughout Latin America, including Venezuela,

Argentina and Mexico. She is based in Minnesota (USA).

Myrtle is passionate about creating one integrated Regal Springs global team to

ensure the continuation of the group’s mission of producing premium tilapia while

building communities.

“I am continuously impressed by the aquaculture expertise in the group, and I am

inspired by the dedication shown by our employees,” she says. “We are learning that

we can achieve even more by working together as one global integrated operation.”

Myrtle believes in acting locally to improve global issues. One issue that is

important to her and to Regal Springs is water.

“The world already has all the water it will ever have, and we must take care of it,”

she says. Myrtle is becoming a Master Water Steward to be a leader for clean

water in her community.

The Regal Springs group balances business objectives and responsibility to the

communities where we live and work. Myrtle also believes in finding her own

balance of mind, body, heart and soul. She enjoys the challenges of the Regal

Springs business while not forgetting her top priority, her family.

“It is important to believe in something bigger than yourself,” she says. “At the

Regal Springs group, we believe this too. Working here is good for the soul.”

EMPLOYEE SPOTLIGHT

“Working here is good for the soul ”

INGREDIENTS: 4 6oz Tilapia Loins

1 orange, juiced

1/2 lime, juiced

1 tablespoon local honey

1 tablespoon extra virgin olive oil

3 garlic cloves, minced

2 teaspoons low-sodium soy sauce

1/2 teaspoon salt

1/2 teaspoon cumin

1/4 teaspoon black pepper

pinch red pepper flakes

cooking spray

DIRECTIONS:1. Lightly spray a 9x13 baking dish with

cooking spray. Arrange tilapia loins in a

single layer and set aside. Combine

orange juice, lime juice, honey, olive oil,

garlic, soy sauce, salt, cumin, pepper

and red pepper flakes in a small bowl.

Pour over tilapia and let rest 15 minutes.

2. Preheat broiler.

3. Pour the marinade into a small bowl

and set aside. Place baking dish with

tilapia under the broiler and cook for

5 minutes per side, or until fish flakes

and is done to your liking. Remove and

drizzle the marinade over the fish and

serve immediately.

SWEET & SPICY TILAPIAA quick and zesty tilapia dish perfect for a weeknight meal.

SHARE AND FIND RECIPESYou can share your favorite recipes for Regal Springs

Tilapia on our Facebook page or in our Twitter feed.

You can find others’ favorites there, too, and on

regalsprings.com.

Recipe and photo are courtesy of www.farmgirlgourmet.com

MYRTLE TURNQUIST CFO AND DEPUTY CEO

OUR COMMITMENT TO FAIR AND TRANSPARENT OPERATIONS THROUGHOUT OUR COMPANY IS ALL THE MORE SIGNIFICANT GIVEN CHALLENGING ECONOMIC, SOCIAL AND POLITICAL CONDITIONS IN THE REGIONS WHERE WE FARM. IN ALL OUR COMMUNITIES, WE WORK TO RAISE LIVING STANDARDS, EXPECTATIONS FOR DEMOCRACY AND TRANSPARENCY—AND, ULTIMATELY, HOPE.

WHERE WE WORK

In Indonesia, our hatchery remains in

our original location, Wunut, a rural

volcanic landscape outside the famed

artistic city of Yogyakarta. Our farming

cages are in rural central Java lakes, with

a processing plant in urban Semarang, and

in the crater lake of Toba in northern

Sumatra, with a processing plant and feed

mill in Lubuk Naga, a rural shoreline

community outside of Medan. Both the

Semarang and Lubuk Naga processing

facilities will be expanded and completed

by spring 2014, increasing capacity and

cold storage.

We farm in rural areas, in stable ecosystems that we protect and sustain. We offer high-quality work opportunities based on our founder’s vision of respect for people and the environment.

In rural northwest Honduras, we farm in a natural lake, Lago Yojoa, the

largest lake in Honduras, and in a large

man-made reservoir, El Cajón, which feeds

a hydro-electric dam that prevents

flash-flooding and provides the valley with

a year-round, stable water source. Our

processing facility, hatchery and joint-

venture feed mill are in Borbotón. We have

administrative offices in San Pedro Sula.

In Mexico, we farm southwest of the city

of Villahermosa, in the municipality of

Ostuacán in the southern state of Chiapas.

Chiapas is a rural state known for its

agriculture and limited infrastructure.

We currently farm in Peñitas, a dammed

river, and in 2014 will expand into

Malpaso dam reservoir, immediately

upstream from Peñitas. Our processing

plant and hatchery is in Amacohite, with

the nearest community of Plan de Ayala.

Our rapid growth in Chiapas has created

an influx of workers to the area to

accommodate the labor demand.

Regal Springs has business offices in Winterthur, Switzerland, and Miramar and Bradenton, FL.

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We operate carefully and frugally on the water. Our floating

cages use less than one percent of the surface area of the lakes

and reservoirs where we fish. Aquaculture also helps take

pressure off wild fish species in increasingly over-fished rivers,

lakes and oceans.

Our success depends on maintaining the health of the waters

where we operate. We work with our communities to prevent

deforestation that could result in land erosion, introducing

unhealthy levels of organic matter into the waters.

We also conduct extensive water monitoring at our on-site labs to

assure that our lakes and reservoirs remain healthy.

And we use all of our fish in environmentally sensitive ways. Fillets

and other prime cuts go to consumers, of course. In addition,

scales are used in the manufacture of cosmetics, skins are used

in gelatin production for pharmaceuticals and other skins are

transformed into a high-fashion alternative to leather.

At Regal Springs, all of our work supports our environment. We

protect the world so we can produce the world’s best tilapia.

Water: In Honduras, we partner with an environmental group

to protect five freshwater springs that provide safe water for the

villages where our people live and work.

Energy: We will install solar panels for 35 communities in

Honduras in 2014, providing an efficient and renewable source

of electricity for schools, which have no power.

Jobs: In Java, Indonesia, we pay rice farmers to raise our

tilapia fingerlings for a time. The fingerlings grow strong and the

rice farmers earn a steady, year-round income.

Health: We provide exams, dental and vision checkups,

nutritional supplements and basic medicine to people in our

remote villages in Mexico where healthcare resources are few.

WE SUPPORT THE ENVIRONMENT AND THE PEOPLE WHERE WE WORK