S H A R E F O R S A L E I N E S T A B L I S H E D G A M E F A R M L O C AT E D I N L I M P O P O P R O V I N C E , S O U T H A F R I C A

This is a unique opportunity to acquire a share in a well-established game conservancy in the Limpopo Province of South Africa. The conservancy has been successfully operating for over 25 years . This stunning 4 700 ha private farm is located on the banks of the Limpopo River and shares three common boundaries with the pristine 45000 ha Maramani Nature Reserve, in an area of

outstanding natural beauty.

Two investors now have the opportunity to join a small and limited number of shareholders in the company which holds title to the conservancy's land,

including the game and various bush camps located on the property. This is a rare opportunity for like-minded investors to join a group of individuals who share

a passion for the African bushveld, and to acquire a stake in a unique and pristine wilderness area in South Africa.

R1.5 mi!ion or €115,000

L O C AT I O N & H A B I T AT

Situated in the most North Eastern corner of the Limpopo Province, bordering the renowned Limpopo River and comprising more than 14 kilometers of Nzhelele river frontage, this pristine

conservancy comes with an abundance of birds, wild game animals and endemic tree species.

Sundowners in the Limpopo On the pontoon in #ont of Malubi camp

T O P O G R A P H Y!

The topography of the conservancy area consists mostly of mixed woodland over undulating terrain. Characteristic are the sandstone formations, dry riverbeds, as well as the iconic Baobab tree and riverine forest along the banks of the Limpopo and Nzhelele, which forms a scenic backdrop to a rich variety of fauna.

W I L D L I F E

The conservancy is well stocked with numerous plains game, such as giraffe, zebra, wildebeest, eland, gemsbok and various other antelope species, including the endemic Nyala; as well as naturally occurring predators, such as leopards, hyenas and jackals. The reserve has an exceptional population of leopards which are tracked regularly by means of web cam trail cameras. Birders can tick off 250 species, including Pels Fishing Owl and the Crested Guineafowl.

C O N S E R VA T I O N

Veld condition is carefully monitored and has been since the conservancy’s inception to ensure the land’s carrying capacity is optimised and that the unique environment is preserved.

View of the njelele river across #om shongololo camp

Typical dry river bed

The conservancy boasts a proliferation of baobab trees

Endless views #om the hide at sunset rocks

Located north of the Soutpansberg mountain range

in the Limpopo Province of South Africa, 40km east

of Musina on the border with Zimbabwe, the

conservancy of 4 678 hectares is bordered by the

Nzhelele River, which is one of the Limpopo’s

tributaries, the Limpopo River itself, and the 45 000

hectare Maremani Nature Reserve. The main

thatched camp is situated on the banks of the

Nzhelele. A map is appended.

The conservancy is situated close to two unique

areas, namely the Great Limpopo Transfrontier Park

(incorporating South Africa's Kruger National Park,

located only 60km away) and the Soutpansberg

mountain range. Archaeological heritage sites in close

proximity include the Mapungubwe National Park.

Located at: S22 21.707; E030 20.807 Refer : SG 1:50 000  Map 2230 AD Esmefour  and SG 1:250 000 Map 2230 Musina

G A M E & C O N S E RVA N C Y M A N A G E M E N TThe conservancy is fully game-fenced. The wildlife population and land carrying capacity is professionally and strictly controlled. In order to ensure

carrying capacities are optimized, an annual aerial game count is conducted in October. The reserve reached 1512 head during 2013.

Leopard Zebra

Mongoose Kudu

Eland Nyala bu!!

O V E R V I E W!

The holding company and its subsidiaries own land in excess of 4600 ha together with game valued in excess of R8million. The game population recorded in the October 2013 count was 1229 head.;214 head were captured and sold in September;69 head hunted in 2013; making the total population for 2013 1512. Each existing shareholder owns shares in the conservancy representing his/her share of the game.

The conservancy operation is managed on a day to day basis by a reserve manager under the supervision of the board. He is responsible for game management, perimeter fence maintenance, and management of staff. He also oversees a limited amount of hunting by professional hunters which assists in defraying management costs.

Shareholders are preferentially allocated a small number of the annual total hunting quota, charged at hunting operator rates.

G A M E C O U N T

Cats Leopard, Brown Hyena, Bat eared Fox, Civets and Servals

General game Jackal, Wildebeest, Elephant, Giraffe, Ostrich, Warthog, Zebra

Buck / Antelope Nyala, Waterbuck, Impala, Gemsbuck, Bushbuck, Duiker, Eland, Klipspringer, Kudu, Steenbok,

Game Count 2013 Incl. nocturnal water hole trail camera recordings

C A M P S & I N F R A S T R U C T U R E

Go down to the banks of the great grey-green, greasy Limpopo river, a! set about with fever-trees~ R.Kipling

Malubi camp Swimming pool at Shongololo

Hide at central waterhole One of the privately owned shareholder vehicles

A C C E S S I B I L I T Y!

The conservancy is accessible on dirt roads by car, but a 4x4 is required to move across the property on game drives. Leisure quad- and off road motor biking is not allowed. There is a 1 KM good gravel airstrip on the farm which is used by a number of the shareholders throughout the year.

I N F R A S T R U C T U R E

The property is game fenced with a high voltage electric fence. All camps are supplied with water and electricity. The conservancy maintains an extensive water reticulation system – pipelines; pumps; reservoirs; etc. to supply water to the game throughout the year.

A C T I V I T I E S

The property boasts waterholes, hides and direct access to the Limpopo river bed - ideal for sundowners for braais / bbqs and bush-breakfasts! Prior to the 2013 floods, the conservancy boasted three beautiful dams on the Nzhelele River. It is the firm intention of shareholders to re-erect these dams so pontooning on the dam for bird watching and sundowners can resume.The conservancy features 100‘s of km of 4x4 tracks available for game viewing and hiking. GPS required. Each shareholder owns and maintains their own vehicle.

Pontooning on the dam Main lodge at Shongololo

Shareholders are currently granted access to two of

the lodges for one fifteenth of the year each,

allocated in weekly slots. Unused weeks are open to

all shareholders on a first come first served basis.

One of the camps is the original rather basic farm

house and the second is a lovely rustic thatched

bushlodge ‘Malubi’. Both camps are serviced and

have four bedrooms, four bathrooms. Malubi

features an outdoor victorian bath with views over

the river. Both these lodges are nestled under

magnificent Mashatu trees on the banks of the

Nzhelele river from where you can explore the

secrets of the bush. The camps often echo with the

cries of fish eagles, crocodiles bask on the rocks

and sandbanks along the river channels in front of

the lodges, and the bird life is spectacular. You

have the privilege and freedom of a game reserve

owner while at the same time enjoying the

responsibility for preserving this wilderness.

In addition to these two camps, there are currently

three other private shareholder camps on the farm.

New shareholders onboarded during 2014 could

apply to build their own private camp on the

property.

C A M P S

In accordance with global conservation

trends, the conservancy is committed to

expanding through land partnerships, to

ensure sustainability.

Having successfully managed such a joint

venture for over a decade together with an

international conservation foundation, the

company is in the process of negotiating the

establishment of a 10 000 hectare

conservancy with its new neighbours,

following the change of ownership.

The commercial potential of the conservancy

remains under-exploited, and the directors of

the company have conceived of a vision and

formulated a strategic plan that endeavours to

generate more income from the land, while

fundamentally preserving the low utilisation

rates and integrity of the virgin wilderness of

which they are privileged custodians.

Due in part to its remote location and the

small number of shareholders, the

conservancy is incredibly private and has very

low utlisation rates. To ensure that the farm

retains its privacy and exclusiveness,

shareholders have agreed to restrict the

number of camps on the property. Syndicated

ownership is not encouraged and requires

prior disclosure and approval.

Visitation rights are carefully controlled, the

number of persons permitted to overnight in

any camp is limited to 8, and there is a

restriction on the number of vehicles allowed

per camp.

The principal assets of the company, being its

land, is valued at R25.9 million, excluding

game and improvements, which extend to

camps and infrastructure (electric fencing;

water reticulation system – pipelines; pumps;

reservoirs; etc.).

In accordance with accepted land

management practices, surplus game provides

the conservancy with its primary source of

revenue.

Net proceeds from game capture and sale and

controlled trophy hunting, per annual quotas,

determined by the conservation committee,

in consultation with appointed external

conservation experts, have historically been

supplemented by shareholder levies of R3000

per month per shareholder.

No other trading activities such as tourist

lodge operations and farming operations are

conducted on the farm.

The purchase (price and quantum) of shares

by new shareholders is currently set at

R1.5Mn per share. More information is

available on request.

S T R AT E G I C D I R E C T I O N & P R O S P E C T S

C O N S E RVA N C Y P R I VA C Y A S S E T S , I N C O M E & L E V I E S

C O N S E RVA N C Y M A P

C U R A B I T U R L A B O R E :

An opportunity to acquire a share in a well-established game conservancy in the Limpopo Province of South Africa. The conservancy, of approximately 4 700 hectares, bordered by the Limpopo River and a 40 000 hectare proclaimed nature

reserve, in an area of outstanding natural beauty, has been in existence for over twenty years. A block of five shares, accounting for a third of the company equity, has become available, representing an opportunity for investors to acquire a stake in a unique

and pristine wilderness area in South Africa.

The green boundary of the area south of the Limpopo River denotes the Maremani Reserve. The conservancy boundary is demarcated in grey & in blue along the Nzhelele River.

Tiny Barnetson (Chair)+27 (0)82 578 3534

tbarnetson@prueleith.co.za

Kerry Meyers, (Legal)+(44) 75 642 26432

kerryliebenberg@gmail.com

Ken Liebenberg (Reserve Manager)+27 (0)15 534 7948 / (0)72 375 6239

ken.liebenberg@telkomsa.net

Lauren Southworth (Conservation)+27 (83) 3274784

lauren.l@mweb.co.za