Cuban Focused Conglomerate

February 2017

DisclaimerThis presentation (in this projected form in hard copy and as verbally presented) (collectively “Presentation”) is provided on the basis that neither Leni Gas Cuba Limited and Knowlton Capital Inc. (to be renamed LGC Capital Ltd) (the “Company” or “LGC”), nor its

officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisors make any representation or warranty (express or implied) as to the origin, validity, accuracy, reliability, relevance, currency or completeness of the

material contained in the Presentation and no responsibility is taken for any errors or omissions. Nothing contained in the Presentation is, or may be relied upon as, a promise, representation or warranty, whether as to the past or the future. LGC excludes all

warranties (including implied warranties) and all liability that can be excluded by law for any loss, claim, damage, cost or expense of any nature (including that arising from negligence) arising out of the Presentation (or any accompanying or other information)

whatsoever, nor by reason of any reliance upon it. LGC accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this Presentation or any other information made available to a person or any obligation to

furnish the person with any further information.

This Presentation includes certain statements that may be considered “forward-looking information” within the meaning of applicable Canadian securities regulations and “forwarding-looking statements” within the meaning of the United States Private Securities

Litigation Reform Act of 1995 (collectively, “forward-looking statements”). All statements in this Presentation (other than statements of historical facts) are forward- looking statements.

The forward-looking statements contained in this document are made as of the date of this document. Except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking

statements, whether as a result of new information, future events or circumstances after the date of the Presentation, or to reflect the occurrence of unanticipated events.

The forward-looking statements in this document reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Where such statements expressly or impliedly relate to future events,

expectations and/or belief as to future events or results, involve known and unknown risks and uncertainties such expectation or belief is expressed in good faith and is believed to have a reasonable basis.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove

to be correct as actual results or developments may vary or differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include prevailing and

projected market prices, exploitation and exploration estimates and results, continued availability of capital and financing, and general economic, market or business conditions. Factors that could cause actual results to differ materially from those in forward-

looking statements include fluctuations in exchange rates and certain commodity prices, uncertainties related to mineral title in the projects, unforeseen technology changes that results in a reduction in commodity demand and the general level of global economic

activity. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof.

This Presentation references other corporations and provides certain information in relation to these corporations. All such information was obtained from the public record. The Company provides no assurances as to the accuracy or completeness of such

information and readers are cautioned not to place any undue reliance on such information.

LGC has not made any independent inquiries as to the accuracy or completeness of the press release issued by MEO Australia and LGC assumes no responsibility for the contents thereof. LGC cautions that the press releases issued by MEO Australia refer to

"Prospective (Recoverable) Resource" in connection with Block 9 PSC. LGC assumes that such term and any other similar terms in the press releases were used in accordance with applicable Australia regulations but is not able to so confirm. Further, LGC is not

able to confirm whether applicable Australian regulations are equivalent to those in the Canadian Oil and Gas Evaluation (COGE) Handbook and cannot confirm whether the disclosure in the MEO Australia press releases complies with the COGE Handbook and

applicable Canadian regulations. Investors are cautioned to take all of the foregoing into consideration when reading the press releases issued by MEO Australia, respectively, particularly any references to "prospective resources".

All persons should seek appropriate professional advice in reviewing or considering the Presentation and all other information with respect to LGC and evaluating the business, financial performance and operations of LGC. Neither the provision of the Presentation

nor any information contained in the Presentation or subsequently communicated to any person in connection with the Presentation is, or should be taken as, constituting the giving of investment or financial product advice to any person in respect of dealing in

LGC securities, and no such information should be taken to constitute a recommendation or statement of opinion that is intended to influence a person in making a decision to deal in LGC securities.

Some photos and pictures in this Presentation are for illustration purposes only and do not depict current LGC operations.

This Presentation does not purport to contain all of the information that may be required to evaluate all of the factors that would be relevant in determining whether to deal in LGC securities, including but not limited to any person's objectives, financial situation or

needs. Each person must not rely on the information provided but should make, and will be taken to have made, its own investigation, assessment and analysis of the information in this Presentation and other matters that may be relevant to it in considering

whether to deal in LGC securities. The information contained in the Presentation is not intended to be an offer for subscription, invitation or recommendation with respect to the shares in any jurisdiction and neither this document nor its contents shall form the

basis of any contract or commitment.

LGC owns the copyright in this Presentation. No part of this Presentation may be shown or distributed to third parties or reproduced, stored or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without prior

written permission of LGC. The distribution of the Presentation in jurisdictions outside the United Kingdom and the British Virgin Islands may be restricted by law and you should observe any such restrictions. 2

LGC Saw It Coming -The Lifting Of The U.S. Embargo

March 2016 – Barack Obama visited Cuba

The first sitting U.S. president to since the 1959 revolution. Mr. Obama stated, “Change is going to happen in Cuba.”

The U.S. embargo has lasted longer than five decades

Prevented U.S. citizens from travelling to Cuba and U.S.companies from doing business in the country.

Soon after the meeting a number of impedimentswere lifted allowing Americana access to Cuba fortravel and business.

“For a U.S. president to touch

down at Jose Marti airport in

Havana and be warmly greeted

by Cuba’s foreign minister was

until recently unthinkable.”

- The BBC

(AFP/Nicholas Kamm)

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Business & Investments

Since early 2015, LGC has been investing and signing joint ventureswith international companies that are well established in Cuba.

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Positioned in key growth areas:

• Oil & Gas• Travel & Tourism• TV & Film Production• Sports Management• Import & Export• Agricultural – Coffee & Citrus Fruit• Renewable Energy

Current Interests & Joint Ventures

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Melbana Energy

15.8%140,716,573 shares

Cuba Mountain Coffee Inc.

10%

GroombridgeTrading Corp.

50/50Joint Venture

Rushmans Ltd.

50/50Joint Venture

TravelWelcome & In Cloud 9

40%

Petro Australis Limited

15.4%10,961,667 shares

• LGC Capital provides a unique, first mover advantage for investors.

• All investments and joint venture businesses have been operating in Cuba for years.

• Other companies trying to break into Cuba, will endure a lengthyprocess and red tape to become established in the country.

• LGC’s interests have fully operational offices in Havana.

• Highly experienced “on the ground” local expertise.

• Relationships with many Government entities.

• Massive potential to expand through investment and partnering in many more sectors.

• Opportunity to cross-sell opportunities through various business units.

Competitive Advantage

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Melbana Energy

In February 2016, LGC acquired 13.76% interest in Cuban oil explorer MelbanaEnergy.

Listed on the Australian Securities Exchange (ASX): trading symbol - MAY

Melbana is pre-qualified as a foreign onshore and shallow water operator in Cuba.

Awarded 100% interest in the 2,380 km2 onshore oil block, Block 9 PSC in Cuba, inSeptember 2015.

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Investment: Oil & Gas

Petro Australis Limited• LGC owns approximately 15.4% of Petro Australis Limited.

• Petro Australis is an unlisted public company incorporated in Australia.

• Petro Australis’ principal activity is sourcing oil and gas opportunities in the Americas with afocus on Latin America (including Cuba).

• Petro Australis holds a conditional 40% back-in option to the onshore oil block, Block 9 PSC inCuba.

• As LGC holds a 15.14% interest in Petro Australis, which holds a conditional 40% back-in optionto Block 9 PSC, the investment by LGC in MEO significantly increased LGC’s underlyingexposure to Block 9 PSC.

Investment: Oil & Gas

• The Gulf of Mexico is one of the world’s great petroleum megaprovinces.

• Cuba represents an under-explored south-eastern margin ofthis province.

• U.S. Geological Survey estimates undiscovered technicallyrecoverable reserves of 4.6 billion barrels in North Cuba.

• Cuba currently producing ~80,000 boe per day, but seeking togrow production.

• Imports ~50% of oil, mostly from Venezuela.

• Varadero field: >11 billion barrels OOIP.

• Local market for oil and gas.

• Limited application of modern exploration techniques due to50+ year U.S. embargo.

• Melbana staff experienced with Cuban-style geology.

Source: Melbana Energy

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Prospectively

• Along trend from producing Varadero oil field (>11 billion barrels Oil Originally in Place).• MAY assessment has identified very significant prospective resource potential for light, high quality oil

in one of three oil plays in Block 9.

• Exploration potential of Block 9 recently upgraded by more than 50% to ~12 billion barrels of Oil-in-Place with Prospective Resources of 612 million barrels (unrisked Best Estimate, 100% basis).

Investment: Oil & Gas

• Total size: 2,380 km2.

• Located onshore and close to infrastructure.

• Lightly explored – contains natural oil seeps.

• Adjacent to Sherritt International (TSX-S) producing property.

• ~18,000 barrels per day production.

• Operating cost - $9/bbl – 2015*.

Cuba Block 9 – Positioned in oil rich highly prospective area.

Source: Melbana Energy

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Investment: Oil & Gas

The Alameda Prospect (formerly I Lead) iscurrently the highest ranked exploration targetin Block 9 PSC.

Alameda is a large structure located in thewestern part of Block 9 and is in a similarstructural position to the Varadero field, thelargest oil field in Cuba, approximately 35kmaway.

Alameda has an estimated chance of discoveryof 32% and recoverable volumes ranging from3 – 214 million barrels, with a best estimate of65 million barrels recoverable.

Source: Melbana Energy

* Refer to Melbana Energy website for Cautionary statement on Resources

Multi-billion barrel oil potential identified so far in just 1 of 3 oil plays

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Investment: Oil & Gas

As of February 2017, LGC’s ownership was worth approximately$3.5 million CDN.

Melbana Energy shares could be used to fund LGC and the expansionof its Cuban business interests.

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Significant blue sky potential

• Beehive Project in Australia has 4 global oil majors reviewing farmin

• Massive Tassie Shoals LNG/Methanol Project

Investment: Travel & Tourism

Travelwelcome Ltd. & The InCloud9 Group

• September 2015 - LGC acquired 40% of Travelwelcome Ltd., a privatecompany.

• One of a handful of companies with a Cuban government license, tofacilitate international visitations.

• Through its Havana office, Travelwelcome provides customized Cubantravel experiences, plus conferences and special events (ex. Cigar & FilmFestivals).

• November 2015 – LGC finalized the merger of Travelwelcome andInCloud9, a Cuban music, TV and film industry specialist. Now IC9 doestourism and USA film and documentary production in Cuba.

• LGC has a 40% interest in the combined entity.

• Currently cash flowing.12

www.incloud9.com

Joint Venture: Cuban Sports

Strategic Alliance – Rushmans Limited• April 2016 - LGC signed a 50/50 joint venture with Rushmans to promote

Cuban sporting opportunities and attract world class events to the country.

• Under the terms of the Joint Venture Agreement, Rushmans will grant theRushmans JV an exclusive licence to use the Rushmans’ brand andintellectual property in respect to Cuban sporting opportunities.

• Revenues will flow from TV rights, co-production, merchandising andadvertising.

• Rushmans has managed more than 500 major sporting events in over 30countries, including bringing the World Cup soccer tournament to SouthAfrica in 2014.

• Expecting cash flow to start by Q4 2016.

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www.rushmans.com

Groombridge Trading Corp. (GTC)

• November 2015 - LGC signed a 50/50 joint venture agreement withCuban-centric trading company Groombridge Trading Corp (GTC).

• Established in 2013, GTC is a Canadian corporation that holds approvalsfrom the Cuban Ministry of Foreign Trade and Investment, the Ministry ofAgriculture and is authorized to trade with other Cuban Governmententities.

• The GTC JV will grow the existing provision of products, machinery andequipment to the Cuban tourism sector.

• In addition to growing GTC’s current trading activities, the GTC JV isdeveloping a series of agricultural projects to increase future exports toEurope and Canada.

• Expecting cash flow by Q3 2016.14

www.gtcorp.ca

Joint Venture: Import/Export

• September 2016 - the Groombridge JV signed a letter of intentwith Cuba’s Empresa Agro Industrial Victoria de Giron (EAIVG),part of the Ministry of Agriculture.

• The GTC JV will assist in the development and regeneration of thelargest citrus producer in Cuba with the aim of increasing thecountry’s citrus and juice production.

• EAIVG is situated 130 kilometres east of Havana and the overallproject covers some 120 square kilometres with 35,000 hectaresunder production and is the largest agricultural enterprise in Cuba.

• The GTC JV will work with and assist EAIVG access new investmentfunding and bring assistance to improve operational aspects suchas growing and processing technology, marketing and exports.

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Investment: Citrus Agri + Processing

Cuba Mountain Coffee Company (CMC)

• June 2016 - LGC Capital acquired a 10% interest in CMC.

• CMC has agreements to globally promote, single-origin gourmet coffee fromCuba’s famous “Guantanamo Region”, both as green beans and also viaCMC’s premium coffee brand, “Alma de Cuba”.

• January 2017 – CMC agreed to contract terms with the Cuban Governmentowned Asdrubel Lopez, the main processor of coffee in Guantanamoprovince.

• Late last year CMC signed an Memorandum of Understanding with Nestle’sNespresso. As a result Nespresso have committed to purchase a largeproportion of the Cuban coffee resulting from this project.

• The first coffee is expected to be exported by the end of 2017.16

www.almacuba.com

Investment: Cuban Coffee

Capital Structure

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LGC Capital Ltd.

Shares Issued: 234,045,328

Exchange: TSX Venture (TSXV)

Ticker Symbol: QBA

Status: Tier-2 Investment Issuer

Website: www.lgc-capital.com

Offices:(Operations and Investments)

Havana, London,Toronto, Australia

The Board:

David Lenigas Joint Chairman and CEO

Mazen Haddad Joint Chairman

Anthony Samaha CFO

Rafi Hazan Secretary

Guy Charette Independent Director

Sebastien Bellefleur Independent Director

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Management & Board of Directors

LGC Capital Ltd

Canadian Office:Address: 800 Place Victoria, Suite 3700, Montreal, QC, CanadaContact: Rafi Hazan Secretary and DirectorPhone: (514) 839-7234

UK Office:Address: Suite 3B, 38 Jermyn Street, London, SW1Y 6DN, United KingdomPhone: +44 (0) 20 7440 0640

Investor Relations:Contact: Dave Burwell VP Investor Relations, The Howard GroupPhone: 1.888.221.0915Email: dave@howardgroupinc.com

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Contacts