PROJECT OVERVIEW

Business Strategy and Implementation

The Company’s objective is to become a global, sustainable, low cost producer of crude palm oil.

The group initiated its business strategy by negotiating and securing through the investment Agreements the rights to 10,200 hectares of existing oil palm plantations and a further 78,548 hectares of agricultural land, and has entered into a memorandum of intent to establish a joint venture to develop plantations on at least a further 80,000 hectares. The agreements enable the parties to work in collaboration to ensure Liberia’s oil palm potential is realised through sustainable palm oil development using the worlds latest oil palm materials and practices, while ensuring that the economic and social needs of the local communities in the areas of operation are fulfilled.

The Company intends to develop a low-cost CPO production-base sourced from its initial land bank. The Group expects to acquire oil palm mills to process the FFB harvested from the plantations in CPO and other related products. The CPO produced is initially intended for sale into the local Liberian and West African markets where it is a key staple food. West Africa is currently a net importer of 400,000 tpa of CPO. The longer term objective is to develop sufficient scale in its production and processing of CPO in order to widen exports to a broader international market including Europe, where the company can seek to take advantage of lower freight costs compared to South East Asia.

The Company’s operational strategy is expected to be implemented through three core business activities:

The Company’s strategy is underpinned by the following key factors:

With a 7% projected annualised growth in palm oil demand between 2008 and 2015 and the above strategic advantages, the Directors believe that the company is well positioned to deliver significant value for its shareholders.