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SIVUNOCompany Profile 2012 1 Sivuno Sekuthula Projects, (SSP) is a company registered in both Swaziland and South Africa involved in the trading and marketing of fertilizer and fertilizer related products having its principal offices located at Plot 417 King Mswati Ave, Matsapha East, Swaziland and in South Africa at No 44, 41 7 th Ave, Parktown North, Johannesburg. SSP forms a part of the greater Meridian International Group of Companies, registered in Mauritius, by providing the vital services of procurement, trading and shipping of fertiliser throughout the group. Supplying fertilizer to the African region has been Meridian’s core business for a quarter of a century. The focus of the group is the manufacture and distribution of fertilizer, coupled with the trading of agricultural commodities in the African continent as well as internationally. The group traces its origins back more than 25 years and today employs over 7,500 people responsible for the production and delivery of over 1,250,000 tonnes per annum of its own production and imported goods throughout the region. The group currently trades approximately 65% of all fertiliser into the region and with the addition of a Sasol Phosphoric Acid plant has started the production of Phosphoric Acid and MAP (Mono Ammonium Phosphate) stands to dominate the South African market a 2,000,000 metric/tonne per annum market. Group Companies Meridian Consolidated Investments represents a regional network of the group’s international activities and home to SSP, which carries out international procurement and marketing. Also located in Mauritius is Sivuno Investments (Pty) Ltd responsible for providing international dollar based trade for the group, financial and logistics services to the group and its related activities. The latter includes the chartering of vessels for shipment of fertilisers and the overall responsibility for cross-border movement of goods, ensuring a co-ordinated approach to the distribution of the commodities which are the life-blood of the organisation. Our mission statement is simple: “To create successful partnerships with customers through the reliable supply of fertiliser products to our African and International markets by establishing successful relationships with credible suppliers for the benefit of all stakeholders involved.”
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Page 1: Sivuno Company Profile

SIVUNOCompany Profile 2012

1

Sivuno Sekuthula Projects, (SSP) is a company registered in both Swaziland and South

Africa involved in the trading and marketing of fertilizer and fertilizer related products

having its principal offices located at Plot 417 King Mswati Ave, Matsapha East, Swaziland

and in South Africa at No 44, 41 7th Ave, Parktown North, Johannesburg.

SSP forms a part of the greater Meridian International Group of Companies, registered in

Mauritius, by providing the vital services of procurement, trading and shipping of fertiliser

throughout the group.

Supplying fertilizer to the African region has been Meridian’s core business for a quarter of a century. The focus of the group is the manufacture and distribution of fertilizer, coupled with the trading of agricultural commodities in the African continent as well as internationally.

The group traces its origins back more than 25 years and today employs over 7,500 people responsible for the production and delivery of over 1,250,000 tonnes per annum of its own production and imported goods throughout the region.

The group currently trades approximately 65% of all fertiliser into the region and with the addition of a Sasol Phosphoric Acid plant has started the production of Phosphoric Acid and MAP (Mono Ammonium Phosphate) stands to dominate the South African market a 2,000,000 metric/tonne per annum market.

Group Companies

Meridian Consolidated Investments represents a regional network of the group’s international activities and home to SSP, which carries out international procurement and marketing. Also located in Mauritius is Sivuno Investments (Pty) Ltd responsible for providing international dollar based trade for the group, financial and logistics services to the group and its related activities. The latter includes the chartering of vessels for shipment of fertilisers and the overall responsibility for cross-border movement of goods, ensuring a co-ordinated approach to the distribution of the commodities which are the life-blood of the organisation.

Our mission statement is simple:

“To create successful partnerships with customers through the reliable supply of fertiliser

products to our African and International markets by establishing successful relationships

with credible suppliers for the benefit of all stakeholders involved.”

Page 2: Sivuno Company Profile

SIVUNOCompany Profile 2012

2 Meridian Group Structure

Quick Facts:

Group Turnover in excess of US$ 450 million (2012/13 Budgeted - $550 million)

Companies registered in South Africa, Mauritius, Malawi, Zimbabwe, Zambia,

Mozambique, Swaziland, Kenya, Uganda, Tanzania and Switzerland.

Over 60 varieties of fertiliser, from NPK’s, Urea, AN, DAP, MAP, KCL, Phos Acid etc

Fertiliser tonnage moved – 1,250million mt/annum

Manufactures, trades, and processes soft commodities such as maize, tobacco, rice,

soya beans, ground nuts, pigeon peas/dahl, kidney beans, macadamia nuts and beef.

Manufactures, trades, stores and processes soft commodities – 125,000mt/annum

Storage and warehousing facilities capacity 125,000m2

In addition: fertiliser blending operations, animal feeds, seed production, retail stores/co-

operatives, port facilities, silos, warehousing, farming operations

Structure of SIVUNO

Sivuno Investments registered in Mauritius due to foreign exchange capacity and trading and ease of trade into Africa and Internationally.

Sivuno Sekuthulu Projects in Swaziland and South Africa.

Amalgamated Resources provides the trading and documentary services

African International Energy provides Business Development, Strategic Development and funding of facilities

Combined Total Facility with banks in excess of US$250million in the form of Trade Finance and Working Capital Draw Down facilities.

Banking Facilities: Standard Chartered Bank, First National Bank, Nedbank Capital,

.

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SIVUNOCompany Profile 2012

3 Group Company Profile - Snapshot

Production o Fertilizer (Granulation, Bulk Blending and production)

o South Africa South Africa

FWL Bulk Blending – Tzaneen – (125,000mt/pa)

FarmFos Granulation (SSP) – Phalaborwa – (50,000mt/pa)

Phalaborwa plant – Phos. Acid/ MAP/ Bulk Blending - (800,00mt/pa)

Wonderfontein Bulk Blending – (135,000mt/pa) Malawi

Optichem – Blantyre - (125,000mt/pa)

Blending and granulation – Liwonde – (75,000mt/pa)

Blending and granulation – Lilongwe – (115,000mt/pa) Mozambique

MozFert –Chimoyo – (150,000mt/pa)

Salt o Mozambique

Transalt – Nacala - (1,000ha salt farm)

o Logistics and Distribution Rail & Port

o Mozambique Nacala – Cargo facility, Warehousing, Bagging and Logistics

- Train locomotive and Rail cars Beira – Cargo facility, Warehousing, bagging and Logistics Maputo - Warehousing

o South Africa

Richards Bay – 60,000mt Phosphoric Acid Storage facilities

Offices (marketing, logistics and distribution) o South Africa

Cape Town Johannesburg Tzaneen Phalaborwa

o Mozambique Beira Nacala Liwonde

o Zimbabwe Harare

o Zambia Lusaka

o Malawi Blantyre Lilongwe

o Retail & Commodity Distribution/Export Shops

o Malawi – 150 Co-operative stores, throughout Malawi.

Warehouses o Malawi

Lilongwe – Maize/Fert silos and warehouses Blantyre – Fertilizer and Commodity storage

o Mozambique Beira - Storage and warehouses

Nacala - Storage and warehouses o Zimbabwe

Harare Chiredzi

o Zambia Lusaka

o Biofuel & Agriculture Production

o Malawi Demeter Farm – Biodiesel/Ethanol production (future), maize, beans and soya Demeter Farm - Cattle Farming Operations Demeter Farm – Sugar/Ethanol feasibility - (US$250mil project)

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SIVUNOCompany Profile 2012

4 Management and Ownership

Management – SSP maintain a relatively flat management style due to the rapid nature and

volatility of the fertiliser industry with efficient and astute decision making an absolute

necessity.

The company utilises the synergies the group bring with regard to finances, logistics

(personnel, warehousing, transport) and experience.

* (D) denotes Director of SSP

Goals and Objectives:

• Develop and sustain a parallel platform for the advancement and promotion of agri-business and agricultural activity in the country.

• Promote in particular the growing, processing and marketing of vegetables, fruit, specialized grain and pulses.

• Secure superior markets for the country’s agricultural produce locally and internationally.

• Provide for technical assistance, market opportunities and affordable inputs and implements to farmers and to create processing capability.

• Provide a platform for famers and businesses in the agri-business sector’s value chain to share ideas, information and best practice.

• Secure partners for resources (financial, technical, advisory, inputs and advocacy) to launch, promote and sustain this initiative.

Managing Director Richard de Villiers(D)

Operations/ African Sales

Richard de Villiers (D)

Logistics

Robin Fourie

Procurement

Adele Scheepers

Legal

Gary Pritchard

Strategy Development

Loren van Rensburg (D)

Finance & Treasury

James Loughor-Clarke (D)

Administration

Reinette Hermanson

Trading/Int Sales

Wayne Viljoen (D)

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SIVUNOCompany Profile 2012

5 The Royal Swazi Trust

• The Royal Initiative in agri-business Trust is an embodiment of the Vision of Her Majesty the Queen Mother of Swaziland to promote and uplift the standard of living of all Swazis and women in particular.

• The Trust is a Swaziland registered organization whose main objective is the development of pro-women and pro-youth agri-businesses. Vision

• The Royal Trust with Her Majesty, The Indlovukazi as a Patron has the Vision of Food security and economic upliftment of women and youth in Swaziland through a vibrant agri-business development program.

Key Individuals:

Wayne Viljoen,

o 15 years of business development experience, broking deals and creating

partnerships with major role-players in Africa.

o 12 years international trading in Africa

o Facilitation of various companies with Government involvement

James Loughor-Clarke,

o 18 years international Banking Experience in London, New York and

Johannesburg

o Treasury Director for the Meridian Group based in Johannesburg and

BFI/BFSA

o Managed the largest Fertiliser/Chemical purchase in South Africa, US$210mil

in 2011, raised Trade Finance and Working Capital in excess of US$1.25bil.

Richard de Villiers,

o 35 years involvement in fertiliser and related industries.

o Established Sasol Chemical Industries retail fertiliser marketing arm with

record sales of 1,123mil mt tonnes at its peak. Sasol turnover 2011 US$23bil.

Loren van Rensburg

o Managing Director of a partner company DDP

o Dynamic leadership and managerial capacity

o Architect of the Sivuno brand

Aldworth Mbalati,

o Youngest listed CEO on the Frankfurt DAX

o Manages oil interest in excess of US$550mil internationally

o In-depth knowledge of international markets and trade.

Ownership

SSP is owned by a number of trusts and individuals related to the Meridian as well as the

Meridian Group itself with individuals predominantly based in Africa.

Page 6: Sivuno Company Profile

SIVUNOCompany Profile 2012

6 Customer Base

Our Customers are well distributed amongst the African countries and fall into a wide range of different segments from rural, small scale farmers to larger commercial farmers and estates. These buyers vary from individuals to cooperatives to large corporations and companies, marketing boards, aid and development organizations as well as banks and government/Sovereign agencies. In Africa some of our customers include: Sasol (Africa’s biggest fertilizer company and the largest coal to fuel producer in the world) Anglo American (5th largest mining company in the world) Omnia (2nd largest fertilizer company in South Africa) Foskor (Largest phosphate producer in Africa - partly owned by Coromandel) Illovo – Largest sugar producer in Africa Tongaat Hullet – Second largest sugar producer in Africa Universal Tobacco – 2nd largest tobacco producer in the world Sena Sugar – 3rd largest tobacco producer in Africa Cotco – Chinese cotton producer JTI – 4th largest tobacco producer in the world BAT – International Fertilizer Supplier ETG – large fertilizer and commodity trader in Africa We supply a number of Banks, Governmental and Non-Governmental Organizations supplying, fertilizer and seed into Africa, ie DFID, UsAid, IFDC, ICDF In addition we successfully tender and supply a number of Government fertilizer tenders in Malawi, Zambia and Zimbabwe. Internationally, SSP has supplied Urea and DAP/MAP fertilizer to a number of companies supplying government tenders.

Photographs of Operations

Aerial View of Bosveld - Phalaborwa Phosphoric Acid Plant with Gypsum dumps in the foreground. Current valuation – US$188mil Plant replacement value - US$470mil

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Aerial View of the plant – Produces 400,000mt Phosphoric Acid 52% and 150,000mt MAP and 50,000mt SSP and Granulation and blending capacity of 250,000mt

MAP Plant commissioned August 2012 at a cost of US$5,8mil

75,000mt Grain facilities in Malawi - Lilongwe

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Demeter Farm, 8,500hectare Grain, Soya, Ground Nut, Sunflower farm in Malawi – Shire River

1,000ha under pivot irrigation – Demeter Farm

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230,000mt Grain silo Facility in South Africa in the N.West Province

Transalt – 1,000ha Salt Farm producing 12,500mt of coarse salt.

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Washing of Salt – Transalt

120 Co-operatives Selling and trading commodities

120 Co-operatives Selling and trading commodities

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Port Logistics Operations in Mozambique and warehousing

Loading Phosphoric Acid Wagons for export

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DAP Powder Warehousing

Fertiliser Bulk Blending and warehousing in Malawi, South Africa, Mozambique, Zimbabwe, Swaziland, Zambia

Prilled Urea

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Retail Fertiliser Branding

Contact Details:

Meridian Head Office: 1st

Floor

Sandton Close 2b Sandton, South Africa Tel: + 27 11 783 0949 Fax: 0862744885 Email: [email protected]

SSP Head Office: Plot 417

King Msati Ave Matsapha East Swaziland Tel: +27 83 259 9302 Email: [email protected]