In Partnership with

WELCOME AND INTRODUCTIONBY NORMAN NOLAND

FOUNDER & CEO

- ETHICAL PEOPLE building- ETHICAL BUSINESS resulting in- ETHICAL DISTRIBUTION OF PROFIT

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Norman Noland

CE0

Della Ramasawmy

CFO

WHAT WE WILL COVER

Welcome & Introduction Financial Snapshot

Mark FouldsChairman

Who are we?

What are we trying

to achieve

Frederic RobertNon-Exec Director

Into the Future with Dale Capital

First trade

Private placementof $2,000,000

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Highly attractive returns for investors

Small but Experienced management team

Many investment opportunities via the Nolands network

IRR’s of about 20-35%19 years+ in private equity

Great deal flow with exciting projects

SA - ICMauritius Opportunity

INVESTMENT OPPORTUNITY

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THE JOURNEY THE CULTURE

- 25 years in Mauritius.- Listed on SEM in 2007

- Successes:- Food Sector – Bella Amigo- AfrAsia Bank- Radisson Cape Town

- New Investment Cycle:- Food Security- AUM Zar 5m to Zar 225m - Mauritius / SA?

What makes us different?- “Beginning with the end in mind”- Global turmoil and crisis.- Champion a philosophy underpinned

- ETHICAL PEOPLE building- ETHICAL BUSINESS resulting- ETHICAL DISTRIBUTION OF PROFIT.

- New and exciting stage of its life-cycle.- First Inward Listing on Zarx

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WHY MAURITIUS? WHY FOOD?

• Country strategically placed for African investment

• Strong legal and regulatory framework

• Most stable African currency

• Tourist and population trends

• Consistent GDP growth (4-7% p.a.)

• 70% of food is imported

• Agriculture less than 5% of GDP

• Transition away from sugar – 90% arable land

• Favourable year-round climate

• Largest fishing zone in Indian Ocean

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LISTING ON THE SEM AND ZARX

Reasons for the listing

on the SEM in 2007

Reasons for the secondary listing

on the Zarx

Attractive tax regime & extensive DTA’s

Robust but flexible regulatory regime

Exemplary governance

Credible exchange with incentives for

foreign investors

Facilitating investments within

SA & the CMA

Enlarge SA investor ‘pools’

Facilitating investments for

South Africans outside of SA

Enhancing the liquidity and

tradability of Dale’s shares

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BEGINNING WITH THE END IN MIND

NEXT CURVE?2020 - 2035

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THE NEXT CURVE -BEGINNING WITH THE END IN MIND

Years

15

Start-Up Period loss making

1

3 - 5

Significant Growthand cash generation

Years10

"S" Curve

Property DevelopmentITFinancial Services

INTRODUCING DALE CAPITAL

MARK FOULDS - CHAIRMAN

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VISION AND MISSION

“To be a successful, African focused, niche market Private Equity Investor; with an undisputed name for excellence and quality service, delivering superior returns for investors.“

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CURRENT ACTIVITIES

PRESENT IN THREE MAIN OPERATIONAL ACTIVITIES:

- Fishing, Fish Processing and Distribution:• St Felix Seafood• Bella Amigo

- Livestock and Agriculture:• St. Felix Agri – Goats and Sheep • Agriculture opportunities

- Food Import and Distribution:• St Felix Food Logistics• Distribution niche SA branded products• Meat wholesaling

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IN PRIVATE EQUITY FOR 19 YEARS

INVESTMENT OPPORTUNITIES IN 3 SEGMENTS:

- Investments in Food and Food Security interests:• Niche market leader in the food, beverage and food security sector• Strategy for vertical integration and value added within value chain• Significant role in Mauritius, Indian Ocean Islands, sub-Saharan Africa.

- Property and Agriculture:• Rapidly growing partnership with St. Felix Sugar Estate • Initial development of land in the south of the island• Significant other land commercialisation opportunities

- Diversified private equity :• In partnership with ARC Capital Group, through African Growth and Private

Equity – PCC (“AGAPE”).

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OUR FOOD HUB VALUE CHAIN

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IN PRIVATE EQUITY FOR 19 YEARS

ENTREPRENEURIAL PROJECTS:

- Historic focus on creating and developing businesses in Mauritius in Food and Food Security sector

- Leveraging off South African contacts, expertise and branded products

- Investing smartly with local support and local management

- Providing governance, structure and mentoring

- Re-enforcing financial discipline, reporting and systems

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BOARD OF DIRECTORS

Mark Foulds | Chairman

Mark has been involved in private equity for over 30 years. He has made over 25 direct investments across a wide range of industry sectors and has sat on the boards of all of those companies. He has significant experience of private equity funds, international business and financial service sectors. Mark has been Chairman of Dale since 2017.

Norman Noland | Chief Executive Officer

Norman is an entrepreneur and businessman with current and past directorships in public listed entities in South Africa, and Mauritius. He has in the past been a director in companies based in various countries. In a career spanning over 52 years, he has gained significant experience whilst employed in senior management positions at large South African and International Organizations and has extensive experience in the International Banking & Financial Services sectors.

Della Ramasawmy | Group Financial Manager

Della is a chartered accountant with previous experience at telecommunication

multinational Huawei Technologies where she was the reporting manager responsible for

40 subsidiaries in the sub-Saharan region. She has also worked as Finance manager at a

number of Mauritian/Singaporean Companies, as well as serving as Treasurer of the

Australia Chamber of Commerce Mauritius. She has extensive experience in finance,

business planning and budgeting, human resources and administration.

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BOARD OF DIRECTORS

Frederic Robert | Non-Executive Director

Frederic studied Economics & Finance in England before returning to Mauritius in the year 2000. He held positions within the financial sector in Mauritian & French banks listed on the stock exchange of Mauritius as well as being involved in private equity management. Since 2009 he has dedicated his time to creating and establishing Saint Felix Smart City, a $2.5billion real estate opportunity.

Alan West | Non-Executive Director

Alan, as a qualified Computer Engineer with 40 years experience, was recruited to the board of Dale to advise the group to achieve its vision of embracing the modern information age and to promote the effective use of technology and information flow to management, staff, shareholders and the public/investors. He has spent fourteen years with Hewlett Packard from the early 1980’s, then was appointed as General Manager of Standard Microsystems Corporation and subsequently Cisco Systems in South Africa.

Rob Goff – Head of Group Operations

Rob has over 15 years in the retail sector, running company-wide operational functions and leading large scale projects, from inception to successful completion. He hasworked for Eurofoods Cape (Pty)Ltd, Corporation Retail (Pty) Ltd among others.

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WHY PRIVATE EQUITY IN AFRICA

Backdrop of over supply of capital, low economic growth and high indebtedness in Europe and USA have eroded historic Western private equity returns

Supply of capital is not matching the growing demand

Globe’s fastest growing population are attractive for consumer goods, financial services, textiles and other consumer-related industries

High demand for better public services, infrastructure, healthcare, education, construction, energy and food security

Africa is a young democracy with opportunities and complexities

Estimated 50% of the population is under 30 years

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LONG TERM SECTORS FOCUS

Private equity market in Africa is being

driven by

• Infrastructure deficits

• Thriving start-up communities

• Improving micro-economics

• Increased political stability

• Returning diaspora

FINANCIAL SNAPSHOT

Mrs. DELLA RAMASAWMY

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CURRENT INVESTMENTS

St Felix Seafoods Limited

• Fishing, Processing and Distribution business in Mauritius

• 9 yr lease – with UIL for a Fishing processing plant and fishing vessels

• Strategic supply agreements with other vessels

• 75% sold on domestic markets e.g Bella Amigo

• 25% Exports to various international markets, e.g Spain, Portugal, SA, USA, Japan

• Mauritius has an Exclusive Economic Zone of 2.3m square Km including 400,000 square km jointly managed with the Seychelles

• Mauritius has a quota supply 5,500 tonnes of Tuna to the EU

-$400

$100

$600

$1 100

$1 600

$2 100

YE2019 Interim Aug 2019 2020 2021

Tho

usa

nd

s

Revenue EBITDA

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CURRENT INVESTMENTS

St Felix Food Logistics Limited

• Provides an outstanding range of South African and African food and

beverage products to the restaurant, hospitality and retail sectors of

Mauritius

• Sourcing the ‘best of breed’ products throughout Africa

• Secured exclusive distribution rights in Mauritius of leading brands

• Food processing factory in the North operational

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CURRENT INVESTMENTSDale Agriculture Investments Limited

• Commercial goat and sheep farming project

• Consumption of goat and lamb meat in Mauritius is approx 5ooo tons p.a. with 4800 tons being imported

• Expected no. of animals sold YE2020 is 540 ; and 1170 for YE 2021

• Current herd 2200 – closing YE2020 estimated at 2500 and 3500 YE 2021

• Herd will increase to 5400 head by YE2022

• 600 acres available with St Felix Sugar Estate partnership for the herd

• Our objective is aligned with that of the Government of Mauritius - Food Security and Safety & with UN Goal “ZERO HUNGER”

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CURRENT INVESTMENTS

Valley Containers Limited

• Dale owns 51% and 49% owned by Capitainer (Pty) Ltd

• Buying and leasing of dry and refrigerated shipping containers for storage

purposes in Mauritius

• Cold storage solutions in high demand in Mauritius

• Valley plans to leverage off St Felix Food Logistics’clients

• Future growth plans will include buying and leasing of normal containers for

storage and construction site offices

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CURRENT INVESTMENTS

St Felix Fine Foods Ltd

• High end butchery outlet selling a range of products – meat, seafoods,

chicken, vegetables, sauces, wine, cooked food, cheese

• 1st outlet Apr 2020 in Grand Baie; 2nd outlet May 2021 Baie du Cap; 3rd outlet

Oct 2021 Flic en Flac

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FINANCIALS DALE CAPITAL GROUP LIMITED

2020 2021

Profit/(loss) from operations USD USD

Dale Capital Group (The Company) (316,929) (261,422)

St Felix Brands (241,373) (246,200)

St Felix Food Logistics - 68,261 83,579

St Felix Fine Foods - 31,798

Dale Agriculture (24,876) 39,669

St Felix Seafoods (232,899) 362,184

Valley Containers 96,049 140,078

TOTAL (788,289) 149,685 $-

$200

$400

$600

$800

$1 000

$1 200

$1 400

$1 600

$1 800

$2 000

St Felix FoodLogistics

St Felix FineFoods

DaleAgriculture

St FelixSeafoods

ValleyContainers

Tho

usa

nd

s

Revenue by Entity

2020 2021

ACTUAL FORECAST

USD 2019 Interim August 2019 2020 2021

Turnover 1,595,825 750,278 1,732,456 3,805,358

Gross Profit 223,391 95,373 404,898 1,054,600

Loss/Profit-operations (1,555,962) (868,916) (788,289) Rs149,685

Loss for the year (799,028) (1,033,276) (890,641) (20,330)

Loss per share (0.0079) (0.0084) (0.0060) (0.0001)

Asset under management 11,387,107 14,844,021 14,844,021 14,844,021

Stated Capital US$ 6,732,699 6,732,699 10,694,318 10,694,318

Stated Capital MUR 245,541,533 245,541,533 390,021,777 390,021,777

Number of shares in issue 123,076,789 123,076,789 202,040,920 202,040,920

NAV (MUR) 1.9304

IRR 8%

NOTE: Forecasted AUM excludes BA valuation and property gain

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CURRENT INVESTMENTS

Bella Amigo Group

• Business: servicing the hospitality industry by import, export and distribution of quality seafood products

• Restaurant Rêve d’R specializing in sea-food cuisine

• Fish and fine foods shop

• EU approved fish processing plant

• Dale: Intends to negotiate to increase its equity position from 30% to 60%

• Mauritian private company

• Asset based as at 30th June 2019 USD13.5m

THE NEXT CURVE(BEGINNING WITH THE END IN MIND)

FREDERIC ROBERT

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SAINT FELIX SMART CITY – OUR VISION

“Saint Felix Smart City is a

community committed to

promoting and maintaining a

high quality of life for all its

people.”

- WORK

- LIVE

- PLAY

SAIN

T FE

LIX

SM

AR

T C

ITY

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SAINT FELIX 2019 – SITE PLAN

SAINT FELIX SMART CITY

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INFRASTRUCTURE, INNOVATION CLUSTERS, JOB CREATION, MICRO ECONOMY & TECHNOLOGY

SAINT FELIX SMART CITY

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Infrastructure: Roads with all facilities built in

Innovation clusters: Deep Sea pumping, lagoon protection program,renewable energy, waste separation into value added products

Job creation: Phase 1 – 1160 / completion 5000+

Micro economy: The Smart City will create a small sustainable economy butwill boost the region with the dynamics created

Technology: IT based app for the city, smart lighting & parking

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SAINT FELIX 2041 – MASTERPLAN

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UPDATE ON PERMITS

SAINT FELIX SMART CITY

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• Letter of intent from the Mauritian Government has been obtained.

• Certificate of Smart City to be issued soon.

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SOCIAL AND POVERTY ALLEVIATIONRivière des Galets is a fishermen’s village on the coastline of Saint Felix.

Our aim is to transform this village into a touristic village by keeping the true identityof the village and its people.

The integration of the villagers in the development will improve their standard ofliving. The restoration of existing houses, the transformation into colourful andvibrant place will motivate the village.

Protection of the lagoon by the people (children) of the village with an educationalaspect attached to it.

Defined standards for the up keeping of the touristic village will help create a realdestination for visitors.

The village population will benefit direct employment from the touristic activities.

SAINT FELIX SMART CITY

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CONCLUSION

Creating a destination in the South of Mauritius.

We are convinced that the shareholders and stakeholders will be

duly rewarded.

The project contributes to the economic transformation of the

South of the island.

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CLOSE AND THANK YOU