Final

www.afristratpumpanddump.co.za

DIECTORS DIRECT INTEREST IN COMPANIES ACQUIRED UNDER DUE DILIGENCE

Herein after the company and its directors will be referred to as “The Orchestrator’s”.

E Engelbrecht (Non-executive) 2012 to 2017 (sold his shares to George Manyere)

H. Van Der Merwe Timbavati Business Consultants (Company secretary) 2012 to1015

Now that we have completed the introduction lets take a closer look. Major questions how do you justify the word Niche Market, when it is Directors acquiring shelf companies, or acquiring companies already established by other directors? How do you do due diligence on a shelf company and who justifies the price?

Ecsponent Limited is a specialist financial services Group of companies. The Group generates wealth through investment in financial and private equity assets in specific niche market sectors

DUE DILIGENCE: We adhere to a strict investment structure whereby there is a clear segregation of duties and ring-fencing of investments for the benefit of all our investors.

Unlocking Shareholder Value Over 130 companies and not 1 can show a profit?

LIST INCLUDES MOST BUSINESSES AQUIRED WERE DIRECTLY FROM DIRECTORS AND THEIR ASSOCIATES

DEFINITIONS, INFORMATION AND INTERPRETATIONS COMPANIES FROM CIPC/CIPA- BOTSWANA, INFO-CLIPPER . COM – SWAZILAND /ESWATINI – ZIMBABWE , ZAMBIA – SEARCH.PACRA.ORG.ZM AND MNS.MU-MAUTITIUS

However, let us not quite get ahead of ourselves. The actual listed companies are only 50 Listed companies, and these often change names few are sold.

Of these 50 listed companies, 30 as listed in the “SHENANEGANS REPORT” were direct shelf or shell companies.

Which companies were directly acquired from the major shareholder and “Non Executive Director”: George Manyere

Which companies were acquired directly through the Directors of Ecsponent Limited and or Afristrat.

Herewith a short description of each company as listed, name changes and where they came from and how they just vanished. Also companies less than 2 months old making astronomical losses.

TURN OVER TRADING 305: Turn Over Trading 305 a Shelf Company - (Registration Number:2012/009 531) registered on the 20th January 2012 changed names to African Money Movers within 5 months, *** see African Money Movers*** Both companies have never been mentioned on the Sens Documents nor on Balance Sheets. This is a subsidiary of Capital (RF) or a Subsidiary of Ecsponent, questions are raised as to who this company actually belongs to***

AFRICAN MONEY MOVER: African Money Mover (Registration Number: 2012/009 531) a Shelf Company acquired as Turn Over Trading 305 on the 01st June 2012, same date name change from Turn Over Trading to African Money Movers: ***Never been mentioned in neither the SENS documents nor Balance Sheets***

Directors: Eune Engelbrecht and Lenki Jeffrey Ratsaka.*** Jeffrey Ratsaka was never a director or affiliated member of Escalator Capital (RF) according to the investigation, he does however, have affiliation with subsidiaries of Capital.***

VIRTUAL SHARED SERVICES PROPIETARY LIMITED Proprietary Limited– VSS” (Registration Number: 2012/009 531), Registered on the 16th October 2012, previously African Money Mover.

05th of July 2016 Shareholders are advised that Ecsponent Limited has entered into an agreement with Virtual Shared Services Proprietary Limited (“VSS”) for the disposal of its entire 51% interest in Ligagu Investment Proprietary Limited, trading as GetBucks Swaziland to VSS for a total consideration of R16 million, to be settled in cash in twelve equal instalments, with the first instalment due on 31 July 2016.

The outstanding purchase consideration will accrue interest at a rate of 11.5% from the effective date and will be payable together with the monthly instalment, comprising12 instalments of R1 417 841 each.

This is the first time mentioned on the SENS Documents: VSS acquires 51% of “Ligagu Investment T/A Getbucks Swaziland” for the consideration of R16Million. from Ecsponet Limited, The transaction was effective 30 June 2016 **** name change only takes place 3 month later to VSS

*** The consideration must be given that this company was dormant for almost 4 years before they raised 16million to acquire Get Bucks Swaziland. VSS THIS VSS is never ever mentioned on a Balance Sheets, who do the profits/losses belong to and where did they go to if VSS holds all assets of GETBUCKS Swaziland***

“Ligagu Investment T/A Getbucks Swaziland” BALANCE SHEETS 51% - 2014 – 2017, then removed- 29/07/2017 - SENS

Ligagu Investment Proprietary Limited, trading as GetBucks Swaziland. Aligned with the Group's strategy to exit the retail credit sector the Group disposed of its entire (51%) interest in Ligagu for a total consideration of R16 million. The transaction was effective 30 June 2016;

Director: Eune Engelbrecht and Lenki Jeffrey Ratsaka new director added James D Gilroy

**** Not the same as VSS Financial Services nor Vital Select Services that they invest R100 Million into****

ECSPONENT BIOTECH: Ecsponent Biotech (Registration Number:2016/077 274) was started off as a shelf Company on the 25th of February 2016, During the current financial period 2017 the group registered two new companies which house the biotechnology operations of Ecsponent Biotech and Vitasave respectively. Ecsponent Biotech (Pty) Ltd incorporated the following entities during the period under review: Vitasave

*** Never gets mentioned in a single SENS document, Balance Sheet 2017 as Ecsponent Biotech***

ECS AUTOMATIVE: “Ecs Automotive” (Registration Number 2016/077 274) previously Ecsponent Biotech started off as a shelf company registered on the 26th of February 2016. Name changed to Ecs Automotive on the 14th of May 2019*** Never gets mentioned in a single SENS document - on Balance Sheets 2018/2019/2020 if they only changed names to Ecs Automotive in 2019 how do they appear on the 2018 Balance Sheets ***

Directors: Terence Gregory, Brian Shananan and Dirk Petrus Van Der Merwe new directors added Tertius De Kock and George Manyere.

ATI SOLAR SERVICES (PTY) LIMITED- 100%: ATI Solar (Registration Number: 2016/077 274) registered on the 19th of January 2021, previously, ECS Automotive, previously Ecsponent Biotech -a shelf company was added into *** Never gets mentioned in a single SENS document, Balance Sheet 2017 as Ecsponent Biotech***

VITASAVE : Vitasave (Pty) Ltd (Registration Number 2016/063 753) registered as a Shelf Company on the 23rd of February 2016 A 49% non-controlling interest was issued to an external party at incorporation; *** Never gets mentioned in a single SENS document - Balance Sheet 2017 – 2019 ***

ECSPONENT CAPITAL (RF)” Ecsponent Capital (RF) Limited, Registered on the 25th April 2014, formerly Escalator Capital (RF) Limited (registration number 2009/015563/06), a public company. Escalator Capital (Rf) is controlled by Escalator Mauritius; They have a subsidiary of PURPLE ORCHID LIMITED: Purple Orchid Limited (registration number 158758 C2/GBL), a private company with limited liability, duly registered and incorporated under the laws of the Republic of Mauritius, wholly owned by Ecsponent Capital (RF)and the current holding company of Pink Orchid; ***MYBUCKS 2019 Income statement, they change name to Purple Orchid Holdings Proprietary Limited or for this transaction did they revert back to a previous name???***

ECSPONENT CAPITAL (RF) LIMITED, Ecsponent Capital (RF) (registration number 2009/015563/06), registered on the 05th December 2017, previously Bluthorn (RF) Limited) a public company duly registered and incorporated under the laws of South Africa, wholly-owned by the Bro Business Trust - Bluthorn (RF) Operated under the Ecsponent Financial Services Licence (32968) in Zambia – Opening Bluthorn Holdings. *** Lenki Jeffrey Ratsaka was only a director of V.S.S (Registration No. 2012/009 531) He was never a director or owner of Registration No. 2009/015 563) ***

ECSPONENT CAPITAL (RF) LIMITED Escalator Capital (RF) Limited (Registration Number 2009/015563/06), a public company duly registered and incorporated in South Africa, Escalator is controlled by Escalator Mauritius, which is in turn controlled by the Holdem Legacy Trust; Secures on the 26/09/2015 an operational licence to conduct business in Zambia, Swaziland, Botswana through Ecsponent Financial Services Limited (FSB Licence 32968)

SENS document 29th June 2018: Ecsponent Treasury Services Proprietary Limited (registration number 2015/430 938) a wholly owned subsidiary of Ecsponent Limited, has entered into an acquisition agreement to subscribe for 100% of the issued ordinary shares of Pink Orchid Limited (“Pink Orchid”), an investment holding company yet to be incorporated, from Purple Orchid Limited a wholly owned subsidiary of Ecsponent Capital (RF) Limited a related party, for a total consideration of R280 million.*** See the Mybucks Balance Sheet***

24th December 2018 Pink Orchid Limited (registration number 159597), a private company with limited liability duly registered and incorporated under the laws of the Republic of Mauritius and which is currently a wholly-owned subsidiary of Purple Orchid, to be acquired by Ecsponent Treasury Services *** R185 Million Transaction that has major conflicting Information**** Ecsponent Capital (RF) is a South African Company – how did this become a Mauritian Based Company? ***

SENS document 23rd January 2019 Background to the Pink Orchid Acquisition On 29 June 2018, Ecsponent announced the proposed acquisition of 100% equity in Pink Orchid, a Botswana- based investment holding company, holding various assets with profitable opportunities to extend its African and foreign currency investment portfolio (the "Pink Orchid Acquisition"). Pink Orchid is being acquired for a total consideration of R185 million. A portion of the GetBucks shares acquired by Pink Orchid have been purchased from MHMK Capital, Rockcastle and the Zahra Investment Trust, which are a Related Parties by virtue of their relationships with G Manyere. *** Once again totally conflicting information concerning a R185 millon transaction****

Directors: Eune Engelbrecht, Anton Hay, Henry John Ansara , Edwin Peter Whittle, Jacobus Peppler and Tertius de Kock

BLUTHORN HOLDINGS PROPRIETARY LIMITED: Bluthorn Holdings Proprietary Limited (registration number CO.2014/3692),Registered on the 02 April 2014 and later re-registered on the 27th February 2020 (BW00001483413) a private company duly registered and incorporated under the laws of Botswana

BLUTHORN CAPITAL A new shelf Company (Registration Number 2016/ 462 239) registered on the 08th of November 2016 to compliment the Bluthorn Holdings, registered by Eune Engelbrecht, Operating and incorporating the following entities included in the operations:

B THORN(PTY) LTD holds 70% of BluThorn Holdings 30% belongs to Kelebogile Sibisibi

***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

Ecsponent Financial Services (Pty) Ltd is registered with the regulator as a licensed service provider. Under (licence Number 32 968) Ecsponent Financial Services (Pty) Ltd provides intermediary services between Escalator Capital (RF) Limited (Registration Number 2009/015563/06), as the placement agent and the general public. Eune Engelbrecht owns Escalator Capital (RF) WHO – opens various “BLUTHORN” operations, under the umbrella and licence number of Ecsponent Financial Services (Pty) Ltd who is wholly owned Subsidiary of Ecsponent Limited…Escalator Capital (RF) supplies the funds to Ecsponent Limited to acquire FS..

Directors: Eune Engelbrecht, Anton Hay, Henry John Ansara , Hendrik J van der Merwe, Edwin Peter Whittle, Jacobus Peppler and Tertius de Kock

ECSPONENT CAPITAL “Ecsponent Capital without the (RF) (registration number 2009/015 563), registered on the 15th of December 2017 previously “Bluthorn (RF), previously Ecsponent Capital (RF), previously Escalator Capital (RF) – they loan Ecsponent Limited R100 Million on the 10/01/2014, previously a Shelf Company Seriso 776, registered on the 12th August 2009.

Directors: Eune Engelbrecht, Anton Hay, Henry John Ansara , Hendrik J van der Merwe, Edwin Peter Whittle, Jacobus Peppler and Tertius de Kock ***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

BRO BUSINESS TRUST: the Bro Business Trust, a discretionary trust (IT 3509/2010), the beneficiary of which is a South African national, Mr. Lenki Jeffrey Ratsaka; ***Never gets mentioned in a single SENS document. *** Cannot locate even via “Google”***September 2011 they held 25.99% shares = 40 980 241 shares within John Daniel Holdings (pty) ltd, in 2012 they vanished and were never mentioned again.***

SERISO 776 “Seriso 776” acquired as a shelf company on the 12th of August 2009, (Registration Number 2009/015563/06), ***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet.***

ESCALATOR CAPITAL (RF) “Escalator “Escalator Capital (RF) Limited (Registration Number 2009/015 563/), previously registered as SERISO 776 on the 12th of August 2009, name change on the 08th of September 2009, partial underwriters of the Rights Offer of in the amount of R100 million. Escalator is controlled by Escalator Mauritius, which is in turn controlled by the Holdem Legacy Trust; Secures on the 26/09/2015 an operational licence to conduct business in Zambia through Ecsponent Financial Services Limited (FSB Licence 32968)

The liability created by the funding provided to Ecsponent from the major shareholder was fully extinguished by year end December 2014.*** Escalator (RF) acquires R100m worth of shares to the value of 14 cent per share – then does he sell it back or was it converted back to Escalator… to Ecsponent to extinguish the debt?? Confusion from 100m to 63 million or did Capital acquire a further 454 456 371 shares*** Balance Sheet 2014

BLUTHORN (RF) “Bluthorn (RF) Limited (registration number 2009/015563/06), formerly Ecsponent Capital (RF), previously Escalator (RF), previously Seriso 776, registered name change on the 30th of March 2017:– they incorporate a new subsidiary in Bluthorn (RF) “BLUTHORN HOLDINGS” *** Never mentioned once on the SENS documents, first time the company number 2009/015563 ever on the Balance Sheet in 2018 as Ecsponent Enterprise Development***

*****Ecsponent Enterprise Development is not registered under this number as per the CIPC****

Directors: Eune Engelbrecht, Hendrik vd Merwe Anton Haye, Henry John Ansara , Edwin Peter Whittle, Jacobus Peppler and Tertius de Kock

PURPLE ORCHID HOLDINGS “Purple Orchid Holdings (registration number 2009/015563/06) registered on the 12th November 2019, previously Ecsponent Capital without the (RF) Never mentioned in a single SENS document.*** Never mentioned on one single Balance Sheet-THEY CHANGE NAMES AS PER THE Mybucks Balance sheet of 2019 to Purple Orchid, *** Confusion Basira???*** See Pink Orchid***

Directors: Eune Engelbrecht, Hendrik van der Merwe Anton Hay, Henry John Ansara , Edwin Peter Whittle, Jacobus Peppler and Tertius de Kock new directors added in 2020, Martinus Prinsloo and Gregory Charles Niemand, Jacobus Peppler Resigns, Hendrik van der Merwe Resigns.

BASIRA CAPITAL: Basira Capital registration number 2009/015563/06) formerly Purple Orchid Holdings, formerly Ecsponent Capital, formerly Bluthorn (RF), formerly Ecsponent Capital with (RF), formerly Escalator Capital with (RF)started off as a Shelf Company Seriso 776 on the 12th of August 2009, BDO is registered Liquidators of Basira Capital, who due to investigations resigns. A portion of Preference Shares are held from Ecsponent Limited in Basira Capital as per Investor Recording: “Hello daar, man ek weet nie hoe om vir jou te verduidelik hoe ek by Basira gekom het nie. Al wat ek vir jou kan se as jy jou Ecsponent se of Afristrat se aandele gekry het, die shares en dit is gelyk aan die geld wat jy bele het is dit alright… want toe ek my aandele kry toe tel ek dit op toe kort ek heelwat geld en toe is ek heen en weer heen en week toe is dit twee van my beleggings wat by Basira gebele is. En toe is ek heen en weer en op en af en na ‘n vreeslike gesukkel het ek toe uitgekom by Basira en toe vra ek vir die Agent maar hoe het my geld by Basira beland as ek by Ecsponent bele het, daai tyd was dit nog Ecsponent, toe se hy, hy weet nou ook nie, en daar het dit gebly le het, een van die goed het uitbetaal en voor die tweede een uitbetaal is hulle nou insolvent of wat nou ookal dit is.” Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet*** See Attached Letters from BDO Concerning Basira***

CRYO-SAVE (SA) LIMITED: Cryo-Save South Africa Proprietary Limited (Registration number: 2010/009754/07), Registered on the 29th of August 2012under the Name REXISOURCE, T/A Cryo-Save SA offers customers the option of storing cord tissue and stem cells from cord blood in South Africa or off shore in Belgium.

The Group acquires a 50% stake in Cryo-Save SA effective 1 July 2011. Rexisource (Pty) Limited trading as Cryo-Save SA ("Cryo-Save SA"), 50% stake acquired on 1 July 2011. A new name change on the 29th of August 2012 from Rexisource registered as a shelf company on the 18th of May 2010. On 2 June 2011, the board announced that JDH and Cryo-Save Group N.V. ("Cryo- Save") a leading international family stem cell bank, signed a memorandum of understanding, to establish a new stem cell bank in South Africa. Esperite N.V. is a 50% shareholder in both Cryo-Save SA and Salveo Swiss Technologies SENS document of the 18th of June 2018 Cry-save SA gets sold with Salveo Swiss Technologies (Registration Number 2004/004 630) for R10Million

CRYO-SAVE (SA) LIMITED: Cryo-Save (SA) Limited (Registration Number 2010/009 754) registered on the 29th of August 2012, previously Rexisourse.

REXISOURCE Rexisource (Registration number: 2010/009754/07), acquired as a shelf company on the 18th of May 2010 who later became CRYO-SAVE SA. . Rexisource (Pty) Limited trading as Cryo-Save SA ("Cryo-Save SA"),

CRYO-SAVE GROUP NV: Cryo-Save Group N.V. (Registration number 27187482), a public holding company, duly registered and incorporated in accordance with Dutch law, having its registered address at Ijssel Kade 8, 7201 HB Zupan, The Netherlands, listed on NYSE Euronext Amsterdam and specialises in harvesting and storing of stem cells and the Joint Venture shareholder in Cryo-Save;

ESPERITE GROUP NV: Esperite Group N.V. (Registration number27187482), previously Cryo-Save Group NV. Esperite N.V. is a 50% shareholder in Cry-Save SA;

Ecsponent Credit Services (Pty) Ltd, formerly Escalator Credit Services with registration number 2010/015744, previously, JDH Credit Services also Trading as JDH Financial Services, previously Visacom, registered on the 29/07/2010. (5 name changes) 100% shares owned by Afristrat Limited Holdings, loss for 2021 (6 334 700) total loss since 2014 (13 416 744) - DORMANT

First time mentioned on SENS 29th September 2014 and the last time was on the 29th June 2017 mentioned in the SENS.

Ecsponent Credit Services became a 100% subsidiary of Ecsponent on the 1st July 2011. Sold for R100 cash.

Ecsponent South Africa (Pty) Ltd, formerly Ecsponent Financial with registration number 2011/007072, previously Restibyte registered on the 05/04/2011. (3 name changes) 100% owned by Afristrat Limited Holdings, loss for 2021 (662 540) total loss since 2014 (740 021) - GOING CONCERN

First time mentioned (Ecsponent South Africa) on SENS 25th June 2020 and the last time was on the 14th April 2021.

Lazaron Biotechnologies (Pty) Ltd, formerly known as JDH Venture Capital with registration number 2011/104552, previously Inclusive Financial Services, registered on the 19/08/2011. (3 name changes) 100% owned by Afristrat Limited Holdings, loss for 2021 (18 518) total profit made since 2014 R105 431, GOING CONCERN

First time mentioned on SENS 31st August 2004 and the last time was on the 29th September 2014.

RETURN ON INNOVATION 100%“Return on Innovation or ROI” (Registration Number 2011/125 942), started off as a shelf company K2011 125 bought on the 14th of October 2011, and changed names to Return on Innovation on the 17th of September 2014. ROI is a high technology media intelligence business which provides its clients with state of the art media monitoring, early phase trend detection, trend analysis, brand management, etc. The real time tracking of media empowers clients to respond appropriately to current opportunities or threats. At the heart of the monitoring system is ultra-high speed digitization of multimedia with specialist matching algorithms for identification of key words. The source includes all media from TV and social media to print media and covers an international base. **** Ecsponent Capital (RF) Limited’s (Registration Number 2009/015563/06) Ecsponent Limited will get 51% and Ecsponent Capital will retain the 49% for a cash consideration of R1.5 Million ***a subsidiary of Ecsponent Limited is the actual 100% holder of Return on Innovation not Ecsponent Limited ****

SENS Document 29th February 2016 Ecsponent Limited buys from Ecsponent Capital (RF) Limited’s (Registration Number 2009/015563/06) Shares represent 51% of the ordinary share capital of Return on Innovation *** 2017 Balance Sheet make a loss of R3 727 235, 2018 they make a further loss of R2 219 187, 2019 they reflect a profit of R3 263 013, 2020 they reflect losses of R828 321, yet they sold this company already in June 2018???*** 2017/2018 they are 51% from 2019 and 2020 they change from a Media to Property Company and they are 100% owned by Ecsponent limited South Africa – Sens 15th June 2020.

20th June 2018 www.iol.co.za and Business Live “Ecsponent Limited sells their 51% to Shaka Sisulu for a consideration of 7.3Million and acquire 49% in Digital Truth Group” *** they sold the assets not the name nor registration number***

Directors: Terence Gregory ,Dirk Petrus van der Merwe and Eune Engelbreght, Brian Shanhan

K2011125 “ K2011 125 a shelf company with (Registration Number 2011/125 942) registered on the 14th of October 2011, Never mentioned on the SENS Documents, Never Mentioned in the Balance Sheets. ***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

ECSPONENT SOUTH AFRICA “Ecsponent South Africa (Registration Number 2011/007 072) a Shelf company registered as RESTIBYTE on the 05th April 2011. Name Changed to Ecsponent Financial on the 11th June 2015. On the 25th of September 2018 they changed the name to Ecsponent South Africa. They are only mentioned after been dormant from 2011 to 2019. In 2019 they were for the very first time mentioned on the Balance Sheets, Sens 25th June 2020 relating to “The Board is pleased to announce that the group concluded a transaction on 22 June 2020 in terms of which its wholly owned subsidiary, Ecsponent South Africa Proprietary Limited disposed of its 70% interest in MHMK Capital Proprietary Limited to a BEE consortium led by the black founding members of Ngwedi Capital Holdings (“Ngwedi”). represented by Softcore Trading Proprietary Limited for a cash consideration of R18 Million. The Disposal amounted to less than 5% of the Company’s market capitalisation as at 22 June 2020 and therefore did not constitute a categorised transaction in terms of the Listings Requirements of the JSE Limited, and accordingly did not require security holder approval.

Sens 26/04/2021 The Parties have agreed to mutually cancel the Disposal, due to the inability by Softcore to effect the payment of the Purchase Consideration. whereby Afristrat Limited will retain its 70% shareholding in MHMK Capital.

**** WHO HOLDS MHMK CAPITAL AFRISTRAT OR FINANCIAL ***

**** when did they acquire the 70% when they were dormant up and until 2019, in 2019 they reflect a loss of R38 372.00 in 2020 reflect losses of R737.00 and in 2021 they have massive loss of R662 540….. how do you explain this?***

“MHMK Capital is a privately held Africa-focused private equity investment and advisory firm., MHMK Capital has invested in excess of US$700 million in sub-Saharan Africa and manages a portfolio of investments in excess of US$300 million. Shareholders with significant influence Mason Alexander (Pty) Ltd and - MHMK Capital Limited - Represented by G. Manyere”

RESTIBYTE: Restibyte (Registration Number 2011/007 072) started as a Shelf Company registered on the 05th April 2011.

Sens: 30th November 2011- The acquisition of Viscacom (Pty)Limited (Registration Number 2010/015 744) trading as JDH Credit Services ("JDH CS") acquire Restibyte for a cash consideration of R100, through its wholly owned subsidiary Restibyte (Pty) Limited and is the first acquisition by JDH in its new JDH Financial Services Division Restibyte (Pty) Ltd. Restibyte becomes Ecsponent Financial.

ECSPONENT FINANCIAL (Registration Number 2011/007 072) registered on the 11th June 2015 previously Restibyte who was a self company bought by the Directors., they later become Ecsponent South Africa to wrap up millions in losses.*** They lay dormant no mention on the Sens Documents, ***

ECSPONENT FINANCIAL SERVICES ZAMBIA: Ecsponent Financial Services Zambia (Registration Number 120 140 124263) registered and incorporated under the Zambian Laws. Registered on the 16th of July 2014 – regulated by shares in the financial sector.

26/08/2014 The capital raised from the Rights Offer or Convertible Loan will be utilised to further strengthen the balance sheet of the group and then fund the continued organic growth of the existing operations as well as the new Acquisitions. Ecsponent also intends to establish a financial services business in Zambia.

26/02/2015 Ecsponent is pleased to notify shareholders that Ecsponent Financial Services Limited being a wholly owned subsidiary of Ecsponent, has obtained approval for its licence to operate as a deposit-taking microfinance institution in Zambia. The approval is granted subject to the Bank Of Zambia capitalization requirements and fees as well as an undertaking by Ecsponent to provide shareholder loans as required by the business to a maximum of K2.74 million (R4.508 million). The Bank Of Zambia has also approved the appointment of the requisite directors for EFSL and the directors will now implement the roll out of Ecsponent’s interests in Zambia. The operational infrastructure was established in Zambia during the 30 June 2015 interim reporting period. –

29/06/2017 the issue of 1 500 000 new shares by Ecsponent Financial Services Limited, equating to 75% of the total issued share capital, to GetBucks Mauritius Limited for a subscription price equal to ZMW 7 500 000, payable in cash resulting in a dilution of Ecsponent Limited’s interest from 100% to 25%;

Notes: no mention of when they acquired the company from whom and for how much, we do however know that Getbucks Mauritius acquired this company.

VISCACOM : Viscacom (Registration Number 2010/015 744) a shelf company registered on the 29th of July 2010. Bought by Restibyte for R100.00. Restibyte (Registration Number 2011/007 072) holds Viscacom.” SENS 11/09/2011 In light of the above-mentioned revised terms, the conclusion of the Viscacom acquisition (after the due diligences and board approvals were completed and obtained) Name changes on 17th of May 2012 to JDH Financial Services T/A JDH Credit Services. 27th February 2013 the company changes names to Escalator Credit Services. ***How do you do Due Diligences on a Shelf Company***

The board of directors is pleased to advise that JDH Financial Services through Viscacom (Proprietary) Limited has secured a funding facility of R3 000 000 from Chester Finance (Pty) Ltd Viscacom is a registered Credit Provider and the bridging facility is to facilitate growth in this division. Viscacom became a subsidiary of the Company on 1 September 2011. *** 6 Months later a shelf company can secure a loan for R3 Million***

PURPLE ORCHID INVESTMENT PROPRIETARY LIMITED: Purple Orchid investment Proprietary Limited (Registration Number BW0000106 4715), previously Ecsponent Projects Proprietary Limited registered on the 30th July 2015 as Ecsponent Projects Proprietary Limited (registration number CO.2015/12033 incorporated in Republic of Botswana and a wholly owned Subsidiary of Ecsponent Capital (RF);

JDH CREDIT AND JDH FINANCIAL SERVICES: JDH Credit Services T/A JDH Financial Services (Registration Number 2010/015 744) registered on the 17th of May 2012 , previously a shelf company Viscacom. Last mention on the Sens is the 29th of September 2014, whereby : “Ecsponent Credit Services (Pty) Limited becomes a Subsidiary of Ecsponent Limited a cash consideration of R100”.

ESCALATOR CREDIT SERVICES: Escalator Credit Services (Registration Number 2010/015 744) registered on the 27th of February 2013, previously JDH CREDIT and FINANCIAL SERVICES, previously Viscacom. Sens 02/09/2013 - Assets under management in Escalator Credit Services (Pty) Ltd formerly JDH Credit Services increased by 362% compared with the comparative 6 month period. from R8.7 million at 31 March 2012 to R40.2 million by 30 June 2013 *** Sens Document only 02/09/2013 – how did they get these assets***

ECSPONENT CREDIT SERVICES: Ecsponent Credit Services (Pty) Ltd (registration Number 2010/015 744) registered on the 11th February 2014, previously Escalator Credit Services, previously JDH CREDIT and FINANCIAL SERVICES, previously Viscacom. and a wholly owned subsidiary of Ecsponent Limited through RESTIBYTE Proprietary Limited, the divisional holding company for the Ecsponent Financial Services subsidiaries, which is 100% held by Ecsponent Limited;

Sens 01/12/2015. Ecsponent Credit Services Proprietary Limited will acquire Ecsponent Investment Holdings. (Registration Number 012/069 960) For a consideration of R248 989 229 including capital and interest. Ecsponent Investment Holdings (Registration Number 012/069 960) registered on the 12th of June 2012 an entity owned 74% by Escalator Capital (RF) and 26% indirectly by Andrew Maren, the CEO of Ecsponent Investment Holdings; has warranted the minimum return on the receivables as at the date of the transaction as well as a minimum profit before taxation of R25m for the year ending 31 December 2016.

***CIPC DOCUMENTS JUNE 2020 REFLECT THE NAME OF JOLIAN PROPERTIES AS OWNER OF THE REGISTRATION NUMBER 2012/069 960/07***

SENS: 29/02/2016 Ecsponent Business Finance acquires the debt books from Ecsponent Credit Services (Pty) Ltd for a consideration of R9 Million payable to Ecsponent Credit Services (Pty) Ltd is a subsidiary of Ecsponent Capital (RF) and accordingly a related party to Ecsponent Limited and its subsidiaries.- Only information on the business of Ecsponent Credit Services.*** Balance sheets from 2015, a profit of R2 571 993, 2017 a profit of R2 168 430, 2018 a loss of R17656, 2019 Showed a loss of R8 605, 2020 a loss of R11 728 525.00, 2021 a loss of R6 334 700.***

On 30 June 2014 The Group -Ecsponent Credit Services (Registration Number 2010/015 744) acquired a 51% stake in Komo Finance (Pty) Ltd, they reflect on the SENS Documents as for R350 000, Balance sheets reflect R3.5million. Ecsponent Credit Services (Registration Number 2010/015 744) Disposal of Komo Finance on the 31 July 2015 to Ecsponent Business Finance A a wholly owned Subsidiary of Escalator Capital (RF) for a value of R450 000 Ecsponent Limited on the Sens Document of 01/04/2016

Directors: Terence Gregory and Dirk Petrus van der Merwe George Manyere, Tertius de kock.

ECSPONENT FINANCIAL SERVICES (PTY) LIMITED- 100%: Ecsponent Financial Services (Pty) Ltd (registration Number 2006/012 668) started off as Tiespro 69 a shelf company on the 05th February 2006. The company name changes on the 01st June 2006 to Xcalator Capital , they then change names to Xpress Holdings on the 26th March 2007 and then change to Strap Corp Financing Company, on the 23rd of June 2008. They then change names on the 19th of March 2009 to Lekgotla Financial Services and then on the 22nd November 2011 they change names again to “Escalator Financial Services” before becoming Ecsponent Financial Services **** No money trades hands they increase their loan to Ecsponent Limited by R15Million.***

SENS Document dated 5 March 2014 Ecsponent Limited acquires from Escalator Capital (RF), with effect from 1 January 2014, 100% of Ecsponent Financial Services for a purchase consideration of R15 million to be settled by way of an increase in the loan account owing to Escalator Capital(RF) ;(Merger Accounting Policy) –

3. Assets of R4 380 521 They pay R14 796 600 (payment consideration) of which R10 619 479 is placed in the “Common Reserves”

4. Revenue of R4 037 632 or the period ended 31 December 2014 and a loss of R1 167 629 of has been included in the Group’s results since the date of acquisition.

The process of transferring the depositors of the failed Graypages Financial Solutions to Ecsponent Financial Services Limited Zambia has been completed and the reporting requirements in terms thereof, to the Bank of Zambia, have been successfully concluded. The Zambian operation currently has retained clients as a result of the transfer. Local staff have been appointed including the appointment of a local CEO.

Directors: Anton Hay, Floris Slabbert, Eune Engelbrecht , Henry John Ansara, Jackobus Peppler and Christopher Edwin Wittle, Hendrick Jacobus van der Merwe

TIESPRO 69: Tiespro 69 (Registration Number 2006/012 668) registered as a shelf company on the 02nd of May 2006. ***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

XCALATOR CAPITAL: Xcalator Capital (Registration Number 2006/012 668) registered on the 01st June 2006, previously Tiespro 69. ***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

XPRESS HOLDINGS: Xpress Holdings (Registration Number 2006012 668) registered on the 26th of March 2007 previously Xcalator Capital, previously Tiespro 69. ***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

STRAP CORP FINANCING COMPANY: Strap Corp Financing Company (Registration Number 2006012 668) registered on the 23rd of June 2008 previously Xpress Holdings, previously Xcalator Capital, previously Tiespro 69***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

LEKGOTLA FINANCIAL SERVICES: Lekgotla Financial Services (Registration Number 2006/012 668) registered on the 23rd of June 2008 previously Strap Corp Financing Company, previously Xpress Holdings, previously Xcalator Capital, previously Tiespro 69***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

ESCALATOR FINANCIAL SERVICES: Escalator Financial Services (Registration Number (2006/012 668) registered on the 19th March 2009 previously Lekgotla Financial Services, previously Strap Corp Financing Company, previously Xpress Holdings, previously Xcalator Capital, previously Tiespro 69***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

ECSPONET WEALTH: Ecsponent Wealth (Registration Number 2017/654 633) acquired a Shelf Company on the 12th December 2017.

ESCALATOR CAPITAL GLOBAL LIMITED – T/A ESCALATOR MAURITIUS: Escalator Capital Global Limited (Registration number 106994 C1/GBL), - Prime Capital Management Limited a public company duly registered and incorporated with limited liability in accordance with the laws of Mauritius its main place of business situated at2nd Floor, Caudan Peninsula, Falcon Street Port Louis, Mauritius, which company is controlled by the Holdem Legacy Trust, the controlling shareholder of Escalator;

ECS MAURITIUS : Ecsponent Mauritius Private Equity Limited (registration number C159597), a company duly registered on the 08th October 2018 and incorporated under the laws of the Republic of Mauritius and a wholly owned 100% subsidiary of Ecsponent Treasury Services; as listed in the Mybucks Financials of 2019

HOLDEM LEGACY TRUST: Holdem Legacy Trust, (Trust number IT1981/11), a discretionary trust, the trustees of which are Eune Engelbrecht (a director of ECSPONENT) and Ramona Engelbrecht, ID 781117 0004 082; - Kwando (Sanceda collections) has subsequently been liquidated following its unbundling, with the Holdem Legacy Trust now owning directly into Ecsponent Capital (RF) Limited (Registration Number 2009/015563/06);

“Ecsponent Botswana Limited“ Ecsponent Botswana was registered on the 24th of August 2010 under the name of Loyn Proprietary Limited, On the 26th of April 2011 they Changed to Escalator Investment Holdings (Pty) limited, on the 17th February 2014 Ecsponent Botswana became Ecsponent Limited. As from inception they operated under the (Registration Number 1998/013 215) the acquisition of a 100% interest in Ecsponent Botswana in terms of an agreement dated 5 March 2014 between Ecsponent Limited and Escalator Mauritius for the acquisition of 100% of the issued share capital and loan accounts in Ecsponent Botswana Limited for a purchase consideration of R5 million, payable through the increase in the shareholder loan from Escalator Capital (RF), which loan will be settled through the Rights Offer – New (Registration Number 2010/7658) “”Ecsponent Botswana” Ecsponent Limited Botswana , formerly Escalator Investment Holdings Limited (Registration Number CO.2010/7658), a public company duly registered and incorporated under Ecsponent Limited (Registration Number 1998/013 215) will own 100% of Ecsponent Botswana as a wholly owned subsidiary of Ecsponent Limited. Ecsponent Botswana becomes “ECS Private Equity” ECS Private Equity Proprietary Limited, on the 02th February 2020. a company duly registered and incorporated under the Laws of Botswana, with (registration number CO/2010/7658),(BW00000559751) which is a 100% owned Subsidiary of Afristrat;

2. See Merger Notices 27/2017 Gaborone 29 June 2017 Whereby Getbucks Limited Botswana acquires the 50% from Ecsponent Limited Botswana. For PW 10 million – New name change of Getbucks on the 24 July 2019 to Firstcred Limited (Registration No. BW00000391902) wholly 100% owned by Getbucks Limited Mauritius (Registration Number C38778 C2/GBL) – Held by the Imara Trust.

3. From date of “ACQUISITION” up and until Year End 31 December 2014, EB records a revenue of R4 779 364 and a profit of R7 133 159 **** How do you explain a gross income/revenue of R4 997 364 and a profit of R7 133 159***

4. Ecsponent Botswana, Operates as ECSPONENT LIMITED- SWAZILAND/ ECSPONENT LIMITED ZAMBIA. P.26 B/S 2014- *** a Botswana/ Swaziland company cannot find much information***

“SANCEDA COLLECTIONS PROPRIETARY LIMITED” Sanceda Collections Proprietary Limited (Registration number 2010/015 747/07), a private company which business and assets will be acquired by a subsidiary (Sanceda) of Ecsponent Limited, the acquisition of the assets, leased assets, marks (being patents, trademarks, brands, designs) and goodwill of Sanceda in terms of an agreement dated 5 March 2014 between Ecsponent Limited and Sanceda, with effect from 1 January 2014, for a purchase consideration of R7 million pursuant to the approval of the Sanceda Acquisition, and which shareholder is Escalator Mauritius (100%); During July 2014 Ecsponent Limited acquires from Ecsponent Capital (RF) Limited and other related Parties the following entities:, previously

K2011125932 (SA): K2011125932 South Africa (Registration Number 2011/125 932) acquired as a Shelf Company on the 14th of October 2011 ESCALATOR CAPITAL:

Escalator Capital (Registration Number 2011/125 932) registered on the 03rd December 2013, previously K2011125932 (SA)

SANCEDA COLLECTION SERVICES PROPRIETARY LIMITED: Sanceda Collection Services Proprietary Limited (registration number 2011/125932/07), a private company and a wholly owned subsidiary of Ecsponent Limited (Registration Number 1998/013 215);

**** confusion which one “Sanceda” Sanceda Collections Proprietary Limited (Registration number 2010/015747/07), or “Sanceda Services” Sanceda Collection Services Proprietary Limited (registration number 2011/125932/07) ****

2. The business was started as Kwando Collections (Pty) Ltd and the founder sold the shares to The Holdem Legacy Trust who in March 2012 moved the business out of the Kwando Collections to Sanceda Collections(Sens 07/03/2014) Eune Engelbreght -Trustee

3. The acquisition of the business and assets of Sanceda Collections for a purchase consideration of R7 000 000, payable in cash which will be funded by Escalator Capital (RF) (Sens 07/03/2014)

4. No other information besides that R2 300 000 is placed in the “Common Reserves”

6. Is a collection agency which provides specialised collection services to corporates. Collections are call centre based and Sanceda has established the management and infrastructure to simultaneously collect on a large volume of current or delinquent debtor files, owned by Escalator Asset Management (Pty) Ltd., who is wholly owned by Ecsponent Capital (RF).

7. Liabilities of (R6 514 438) They pay R6 999 312 (payment consideration) of which R13 514 438 is placed in the “Common Reserves

8. Revenue of R7 165 591 for the period ended 31 December 2014 and a profit of R2 494 416 of Sanceda has been included in the Group’s results since the date of acquisition SANCEDA COLLECTIONS SERVICES (PTY) LIMITED- 100%: - a wholly owned subsidiary of Ecsponent Limited Has been established for the purpose of conducting the business of “Sanceda.”

SANCEDA SANCEDA COLLECTIONS BOTSWANA PROPRIETARY LIMITED: Sanceda Collections Botswana Proprietary Limited (registration number CO2014/13063),(BW00000509447) a private company duly registered and incorporated under the laws of the Republic of Botswana, a subsidiary of ECS Holdings; Management decided to extend the Sanceda operations to Botswana and Swaziland during 2015 and by utilising the out sourced call centre model this was concluded at a low start-up cost. Since incorporation the business has been retained by a number of large corporates to provide collection services for the recovery of their outstanding debt. The company has just completed the installation of its corporate office and has third party debt of over R400 million under contract.

“SANCEDA SWAZILAND” Sanceda Collections Services Swaziland (Registration Number R7/369 46 a private company duly registered and incorporated under the laws of the Republic of Swaziland, a subsidiary of Ecsponent Holdings Proprietary Limited;

ECSPONENT HOLDINGS LIMITED: Ecsponent Holdings Proprietary Limited (registration number CO.2014/3692), a private company duly registered and incorporated with limited liability in accordance with the laws of the Republic of Botswana with its main place of business situated within the jurisdiction of Botswana, a 70%-owned subsidiary of Ecsponent Limited Botswana;***however on the balance sheet of 2015 this is just the opposite of holdings****

CATALYST RISK SOLUTIONS: Catalyst Risk Solutions (Registration Number 2004/025 680) acquired as a Shelf Company on the 13th of September 2004*** Never mentioned on Sens***

“CLADE INVESTMENT MANAGEMENT PROPRIETY LIMITED” Clade Investment Management Proprietary Limited (registration number 2004/025680/07), a private company duly registered and incorporated with limited liability, under the laws of South Africa, a subsidiary of Ecsponent Limited, Started off as a shelf Company Catalyst Risk Solutions registered on the 13th of September 2004. Catalyst Risk Solutions changes to Clade on the 19th of January 2005. On the 10th of April 2019, Clade changes their name to Ngwedi Alternative Investment Managers. Ecsponent Limited buys 51% of Clade Investment Management Proprietary Limited Clade has received a mandate to manage funds amounting to R500 million. Positive talks are in place to access a network of more than 100 financial advisors to market products to a retail and institutional client base. On the 04th of December 2015 Clade’s name changes to Ecsponent Asset Management.*** Clade appears on Balance Sheets 2017, after name change*** Ecsponent Asset Management also reflected as a Subsidiary for 2017***SENS document 01 December 2015 says they paid R7Million, balance sheets say 11 Million which includes the shares of 19 095 617 to the value of R4 million***CONFUSION did they change names to Ecsponent Asset Managers as per the SENS document or to NGWEDI ALTERNATIVE INVESTMENT MANAGERS as per the CIPC documents****

Ecsponent Limited sells Clade as a going concern to Escalator Capital (RF) for a purchase consideration of R15.5 Million, including shares on the 20th of December 2016.

NGWEDI ALTERNATIVE INVESTMENT MANAGERS: Ngwedi Alternative Investment Managers (Registration Number 2004/025 680) registered on the 10th April 2019.

PATIN TRADING 122: Patin Trading 122 (Registration Number 2005/019 131) acquired as a Shelf Company on the 06th of June 2005

KOMO FINANCE (PTY) LIMITED- 51%: Komo Finance (Registration Number 2005/ 019 131) started off as a Shelf Company Patin Trading 122 on the 06th of June 2005. Two months later they change to Komo Finance. On 30 June 2014 The Group (Ecsponent Credit Services (Registration Number 2010/015 744)acquired a 51% stake in Komo Finance (Pty) Ltd, they reflect on the SENS Documents as for R350 000, Balance sheets reflect R3.5million. Komo is a specialist financier providing, expected to unlock significant synergies within the existing Ecsponent Credit Services. The combined R34.6m asset book allows the operations to effectively leverage the operational resources. Disposal of Komo Finance on the 31 July 2015 to Ecsponent Business Finance for a value of R450 000 Ecsponent Limited on the Sens Document of 01/04/2016 records a loan of R4 270 660 due and payable,*** SEE KOMO FUNDING VS VITAL SERVICES FOR DEBT ***THEY DISSAPEAR OFF BALANCE SHEET IN 2016***

ECSPONENT BUSINESS FINANCE (PTY) LIMITED Ecsponent Business Finance (registration number 2000/016 366), acquired on the 08th December 2015 a wholly-owned subsidiary of Ecsponent;

*** No Information on Balance Sheets*** Sens Documents from 01st December 2015**** last mention on SENS December 2017***

Ecsponent Credit Services Proprietary Limited A subsidiary of the Company, will sell to Ecsponent Business Finance Limited, as part of its new focus on financial services, effective on 28 February 2016, for the consideration of R9 million was paid in cash to Ecsponent Credit Services (Pty) Ltd in 12 equal instalments. Disposal of Komo Finance on the 31 July 2015 to Ecsponent Business Finance for a value of R450 000. A subsidiary of Ecsponent Capital (RF)

LIGAGU INVESTMENTS (PTY) LIMITED- T/A GETBUCKS SWAZILAND 51%: Get Bucks Proprietary Limited (registration number: 2010/015 748/07) (registration number: R7/40703),

Incorporated in Swaziland – 01 April 2014 GetBucks Proprietary Limited (registration number: R7/40703), a private company incorporated under the laws of the Kingdom of Eswatini, and a wholly owned Subsidiary of GetBucks SA; The group acquired a 51% stake in Ligagu Investments (Pty) Ltd trading as Getbucks Swaziland (“Getbucks Swaziland”) effective on 1 April 2014 for R241 210. Getbucks Swaziland is a specialist financier providing employee benefit funding to Swaziland’s governmental employees. Repayment of loan instalments are managed by the centralised Swaziland governmental payroll function via an approved deduction code.

VISCRACRON: Viscracon Registration Number (2010/015 748) a shelf company registered on the 29th July 2010- EUNE ENGELBRECHT directly owns this company. Ecsponent acquires 51% of Viscaron who changes the name to Ligagu investments.- Trading as Getbucks Swaziland. ** we cannot locate when and for how much they acquired this company***

MY BUCKS MyBucks S.A., with companies’ (number B 199.543,) a public limited liability company (société à responsabilité limitée), incorporated on 7 August 2015, under the laws of the Grand Duchy of Luxembourg, having its registered office at Rue Steichen, L-2540, Luxembourg, and having its transfer office as BIL, Banque Internationale à Luxembourg (address: 69, route d’Esch | L-2953 Luxembourg). MyBucks S.A. is 42.39% owned by Afristrat, 10.16% owned by MHMK Financial Services and 2,09% owned by Sure Choice Global Ventures Proprietary Limited.( Registration Number BW00000724 528) registered on the 14th of April 2009 At the Last Practicable date MHMK Financial Services increased its shareholding to 36.72%. The remaining minority shareholders are entities and individuals governed under privacy laws of Luxembourg;

SURE CHOICE: Sure Choice Global Ventures Proprietary Limited.( Registration Number BW00000724 528) registered on the 14th of April 2009, MHMK Group Botswana owns 100% of Sure choice, refer to Ecsponent Botswana who acquired 50%. – Financials of 2014 confirm this

29/06/2017 The Surechoice and EFS Zambia operations have been classified and accounted for as disposal groups held for sale as at 31 March 2017 - the disposal of the Company's 50% interest in Sure Choice Proprietary Limited ("Sure Choice") to GetBucks Limited ("GetBucks BW"), for a sale consideration of P10 000 000 ("the Sure Choice Disposal").

GET BUCKS - SWAZILAND Get Bucks Proprietary Limited (registration number: 2010/015 748/07) (registration number: R7/40703),

is a specialist financier providing employee benefit funding to Swaziland’s governmental employees. Repayment of loan instalments are managed by the centralised Swaziland governmental payroll function via an approved deduction code

3. Assets of R275 321 They pay R241 210 (payment consideration) of which R0 is placed in the “Common Reserves”

4. Revenue of R881 951 for the period ended 31 December 2014 and a profit of R227 941 of Getbucks Swaziland has been included in the Group’s results since the date of acquisition.

15/07/2016 Virtual Shared Services Proprietary Limited (“VSS”) buys the its entire 51% interest in Ligagu Investment Proprietary for a total consideration of R16 million,

H INVESTMENTS 232: H Investments 232 (Registration Number 2002/026 858) registered as a Shelf Company on the 29th of October 2002 H. Investments acquired by Capital Commitments (Registration Number 2000/027 416) The same company who acquired E – DATA (Registration Number 1998/013 215) to retain the name Capital Commitments. Capital Commitments (Registration Number 2000/027 416) is Deregistered.. ***Never gets mentioned in a single SENS document. Never mentioned on one single Balance Sheet***

VINGUARD LIMITED: Vinguard Limited (Registration Number 2002/026 858), registered on the 03rd of February 2006, previously Capital Commitments, previously H. Investments 232 a shelf company in which Ecsponent Limited (Registration Number 1998/013 215) holds 75.87% (remaining shareholding held by minority shareholders) Vinguard was acquired with effect from 22 September 2003 for a purchase consideration of R1 million. Sold to Grapetek for R6 200 000, on 20 December 2013 only assets and going concern retaining the registration number to be used on a later date. The manufacturing operations were regarded as being non-strategic to the future growth plans of the Group.

Ecsponent Management Services (Pty) Ltd formerly known as Vinguard with the registration number 2002/026858 was previously: Capital Commitments – yes the same company as above who actually took over the registration 1998/013215, they kept the name, previously H. Investments a shelf company registered on the 29/10/2002. (3 name changes) 100% owned by Afristrat Limited Holdings, They have lost money since 2016 in excess of R7 million GOING CONCERN*** Profit made in 2015 only.

First time mentioned on SENS 1st April 2016 and that was the only time ever mentioned in the SENS

In June 2015 Ecsponent successfully acquired, through a scheme of arrangement in terms of section 114 of the Companies Act, the non-controlling shares in Ecsponent Management Services (Pty) Ltd (previously known as Vinguard Limited) in exchange for R0.02 per EMS share up to a maximum of R1000, and to the extent applicable thereafter the issue of one Class A Preference share to the shareholders for every 5 000 EMS shares held, and to the extent that any EMS shares remain thereafter R0.02 per EMS share for the balance of the EMS shares held. A total of 24.13% was acquired for R100 390 cash settlement and the issue of R375 000 in Class A preference shares

CAPITAL COMITMENTS: Capital Commitments (Registration Number 2002/026 858) registered on the 09th of December 2015, previously Capital Commitments, previously H. Investments 232.

ECSPONENT MANAGEMENT SERVICES: Ecsponent Management Services (Registration Number 2002/026 858) registered on the 20th of January 2004, previously H. Investments 232.

The group invested in a 25% interest in the Living 4 U (Pty) Ltd property development business, for a purchase consideration of R4.3 million. An offer was received for the sale of the property development and the shareholders resolved to sell and thereby also repurchase the 25% held by Ecsponent with the proceeds from the sale. Ecsponent realised a 22.5% return on the disposal. **** Bought and sold same day, yet they make 22.5% - no other information*****

QUILIBET TRADING Quilibet Trading (Registration Number 2015/200 863) registered as a Shelf Company on the 10th of June 2015. Ecsponent Limited acquired a 100% interest Quilibet Trading for a consideration of R5.1 million on the 1st of March 2015. Quilibet is an engineering supply company which supplies the enterprise development and SME parastatal vendors. The acquisition enables Ecsponent to not only provide the hardware supplies to the companies but to provide credit in order to satisfy orders. The group effected an agreement to acquire 100% of the company, effective 1 March 2015. Quilibet reported sales amounting to R13.8 million, and a profit after tax of R1 million for the 10 months ending 31 December 2015. They change name to Ecsponent Procurement Services during 2017

*** Only Registered on CIPC 3 months after they acquired it*** B2B listing for Quilibet Trading (Registration Number 2005/101 614) Registered to Eune Engelbrecht and Terence Gregory, Dirk P Van Der Merwe *** previously Dalent Auto Glass****

Herein after the company and its directors will be referred to as “The Orchestrator’s”.

Huntrex 299 Proprietary Limited-Trading as Effortless Corporate Finance (Independent Expert)

ECSPONENT PROCRUMENT SERVICES: Ecsponent Procurement Services (Registration Number 2015/200 863) Registered on the 12th November 2016, previously Quilibet Trading.

“ECSPONENT SWAZILAND” Ecsponent Limited, formerly Escalator Capital Limited (Registration number R7/38733), a public company duly registered and incorporated with limited liability in accordance with the laws of the Kingdom of Swaziland with its main place of business situated at 7 The Gables, Azuline, Swaziland, a newly formed company incorporated on 16 July 2013, in which ECSPONENT owns 84.71% pursuant to a subscription for new shares for a consideration of R1 000, with effect from 1 January 2014;

Seriso 593 (Registration Number 2004/004 630) acquired as a shelf company on the 24th of February 2004 *** see Lazeron Biotechnologies SA***

LAZERON BIOTECHNOLOGIES SA: Lazeron Biotechnologies SA- without brackets and with an “e” (Registration Number 2004/004 630) registered on the 03rd of September 2004 previously Seriso 593, a shelf Company.

LAZARON BIOTECHNOLOGIES (SA) – in brackets and with an “a” (Registration Number 2004/004 630) registered on the 23rd of May 2005 previously Lazeron Biotechnologies SA, previously Seriso 593, a shelf Company.

SELVEO SWISS TECHNOLOGIES LIMITED: Salveo Swiss Technologies Limited, Registration Number 2004/004630/06), Registered on the 20th of March 2014.Formerly Lazaron Biotechnologies (SA) Limited, previously Lazeron Biotechnologies SA, previously Seriso 593, a shelf Company. A wholly owned subsidiary of Ecsponent Limited

INCLUSIVE FINANCIAL: Inclusive Financial (Registration Number 2011/104 552) Acquired a shelf company on the 19th of August 2011 *** see JDH Venture Capital***

J.D.H. VENTURE CAPITAL: JDH Venture Capital (Registration Number 2011/104 552) Registered on the 19th of October 2012, previously Inclusive Financial.

LAZARON BIOTECHNOLOGIES: Lazaron Biotechnologies without the SA (Registration Number 2011/104 552) registered on the 10th of November 2014, previously JDH Venture Capital, previously Inclusive Financial.

K2018315711(SA): K2018315711 South Africa (Registration Number 2018/315 711) a shelf company acquired on the 25th of May 2018

CLAYMORE INVESTMENTS: Claymore Investments (Registration Number 2018/315 711) Registered on the 18th of June 2018, previously K2018315711 (SA)

CLAYMORE CAPITAL: Claymore Capital (Registration Number 2018/315 711) registered on the 21st of June 2018, previously Claymore Investments, previously K2018315711 (SA)

COMET VENTURES: Comet Ventures (Registration Number 2017/251 942) acquired as a Shelf Company on the 07th of June 2017

CAPITIS EQUITIES: Capitis Equities (Registration Number 2017/251 942) registered on the 05th of February 2018, previously Comet Ventures

K2017090376 (SA): K2017090376 South Africa (Registration Number 2017/090 376) acquired a Shelf Company on the 24th of February 2017

CORONADO TRADING 258: Coronado Trading 258 (Registration Number 2017/090 376) Registration on 17th of August 2018, previously K201709376 (SA)

CHROME VALLEY MINE: MAKAHA MINING CO-OPERATIVE SOCIETY. Chrome Valley Mining (Registration Number 112/2019) Registered on the 01st November 2019.SENS Document dated the 05th of November 2019 – states that Ecsponent the Group bought 51% of a mine from the Machaka Mining Co-Operation. The contribution of R22 Million will be funded from capital raised through the Company’s listed Preference share and Bond Programmed payment to commence April 2020. This would be a joint venture whereby the Machaka Mining Co-Operative Society would hold 49%.

“In terms of the JSE Listing Requirements, the acquisition in terms of the Joint Venture Agreement is categorized as a Category 2 Transaction and involves no related parties (as defined by the JSE listing requirements) and is not subject to approval by shareholders.” Two years later in a document released to shareholders on the 13th December 2021, on Page 7, the next mention of this mine states “Chrome Valley Mining Private Limited a private company duly registered and incorporated under the laws of Zimbabwe with registration number 11289/2019 which is 51% owned by ECS Private Equity, 30% owned by Rockcastle Commodities Propriety Limited.( registration number 6950/2015 a company with limited liability, duly registered and incorporated under the laws of Zimbabwe, and owned by Rapheal Tinashe Manyere and the Zahra Investment Trust). and 19% owned by a local community consortium.

The Zahra Investment Trust, a discretionary family trust, established in Zimbabwe by George Manyere, for the benefit of his children.

Same Document Page 19, section 3.6.2 reads… “Afristrat obtained 51% of Chrome Valley Mining on 31 December 2019 from Mr. George Manyere.

Coronado Acquisition” the acquisition by Ecsponent Treasury Services of 1 145 988 shares in MyBucks, constituting 8.839% of the total issued share capital of MyBucks from DTM, as guarantor of the Coronado Loan, in settlement of the Coronado Loan, as detailed more fully in paragraph

“Coronado Acquisition Agreement” the agreement entered into by Ecsponent Treasury Services, Coronado, and DTM on Monday, 21 May 2018, and the addenda thereto dated 31 July 2018, giving effect to the Coronado Acquisition, further details of which are set out in paragraph 3.3.

MASON ALEXANDER PROPRIETARY LIMITED: Mason Alexander Proprietary Limited (registration number 2015/351 662), A Shelf Company Registered on the 05th of October 2015. wholly-owned subsidiary of Mylesland Investment Holdings Limited, a company beneficially owned by George Manyere;

MHMK GROUP PROPRIETARY LIMITED: MHMK Group Proprietary Limited (registration number 2015/351 662) (MHMK Group Limited is not available on CIP search. In turn the number take us to MHMK Financial Services Limited), previously Mason Alexander Proprietary Limited, a wholly-owned subsidiary of MHMK Group Limited previously Mylesland Investment Holdings Limited, (Registration Number: C116061 C2/GBL) which is owned by a discretionary family trust settled by Mr. G Manyere, a director, for the benefit of his minor children;

BRAINWORKS CAPITAL MANAGEMENT: Brainworks Capital Management (Registration Number 2014/269 809) registered on the 12th January 2015, previously MHMK Group Proprietary Limited South Africa.

MHMK GROUP SOUTH AFRICA: MHMK Group Proprietary Limited, with registration number (2014/269809) , 100% owned by MHMK Group Botswana, which company owns 15,84% of the Ordinary Shares of the Company; MHMK Group Proprietary Limited South Africa, was Registered on the 03rd December 2014.

MHMK FINANCIAL SERVICES LIMITED: MHMK Financial Services Limited (previously MHMK Group) a public company organised under the laws of Mauritius having a registration number of C116061 C2/GBL is wholly owned by the GM Trust***Director: George Manyere, ADC Directors Limited – In care of Imara Trust Company***

MHMK CAPITAL PRIVATE LIMITED:MHMK Capital Private Limited (Registration Number: C143276 C2/GBL) (On CIP it’s called MHMK Capital Limited and as per documents it’s now called GNP Capital but it’s not changed on CIP as per the company number), a private company duly registered and incorporated under the laws of the Republic of Mauritius and a wholly owned subsidiary of MHMK Group Limited (Registration number: C116061 C2/GBL, That registration number as per CIP is now MHMK Financial Services) which is owned by a discretionary family trust settled by Mr. G Manyere, a director, for the benefit of his minor children***registration documents MHMK CAPITAL LIMITED May 2022***

GNP CAPITAL: GNP Capital Private Limited (Registration Number: C143276 C2/GBL), previously MHMK Capital Private Limited, a private company incorporated in Mauritius and a wholly owned subsidiary of MHMK Group Limited (Registration number: C116061 C2/GBL) which is owned by a discretionary family trust settled by Mr. G Manyere, a director, for the benefit of his minor children*** ***registration documents MHMK CAPITAL LIMITED May 2022***

MHMK GROUP BOTSWANA LIMITED (T/A MHMK WATERHOUSE GROUP BOTSWANA): MHMKWaterhouse Group Botswana Limited (registration number: CO2018/9464- BW00000 449461), a Shelf company duly registered on the 17th of May 2018 and incorporated under the laws of Botswana, and wholly owned by MHMK Mauritius; ***Registered in Botswana as MHMK GROUP BOTSWANA LIMITED**

ECSPONENT DEVELOPMENT FUND: Ecsponent Development Fund Proprietary Limited (registration number 2015/180072), registered as a Shelf Company on the 05th June 2015 a subsidiary of Ecsponent Limited;

01/12/2015 An agreement between Ecsponent Development Fund Proprietary Limited a wholly-owned (100% owned) subsidiary of the Company, and Ecsponent Investment Holdings Proprietary Limited, a wholly owned (100%) subsidiary of Ecsponent Capital (RF) Limited the holding company of Ecsponent Limited, regarding the sale of the business of Ecsponent Investment Holdings (Pty) Ltd to Ecsponent Development Fund Proprietary Limited as a going concern.

31/03/2016 Shareholders are referred to an announcement dated 1 December 2015 which contained the terms of a related party acquisition by Ecsponent Development Fund (Pty) Ltd, a subsidiary of Ecsponent, of the business of Ecsponent Investment Holdings (Pty) Ltd, a subsidiary of Ecsponent Capital (RF) Limited -Ecsponent holding company, as a going concern

12/05/2016 Shareholders are advised that Ecsponent Development Fund Proprietary Limited a 74% owned subsidiary of the Company, agreed to acquire the business conducted by Ecsponent Investment Holdings Proprietary Limited as a going concern **** they sold off 26% of shares to TOPAZ TIME to Andrew Muren no disclosure has been made between 31/03/2016 and 12/05/2016*****

05/07/2016 Ecsponent Development Fund Proprietary Limited -a month later this company acquires Ecsponent Investment Holdings (Pty) Ltd for the purchase consideration R119 million.

***In layman’s terms – the company Ecsponent Capital (RF) Limited who is the Majority Shareholder of Ecsponent Limited sells to their “Subsidiary” Ecsponent Limited the going concern 100% of another “Subsidiary” Ecsponent Investment Holdings Proprietary Limited in which Ecsponent Development Fund will loan R119 million from Ecsponent Limited to buy from the majority shareholder Capital (RF) the going concern of Ecsponent Investment Holdings Proprietary Limited ***

20/12/2016 – 24/03/2017 - The disposal of a portion of the business of Ecsponent Development Fund Proprietary Limited, as a going concern, to Ecsponent Investment Holdings Proprietary Limited, for a consideration of R120 150 000.

29/06/2017- Disposal of a portion of the business of Ecsponent Development Fund (Pty) Ltd Ecsponent as a going concern, to Ecsponent Investment Holdings (Pty) Ltd for a consideration of R 83.9 million.

*** Here they already acquired 100% of Ecsponent Investment Holdings Proprietary Limited, confusion as how and why would Ecsponent Investment Holdings Proprietary Limited buy back a portion of Ecsponent Development Fund Proprietary Limited, as a going concern for R83.9 Million and how much % did they buy? ***

NOTES: On the Financial reports they show Ecsponent Development Fund Proprietary Limited as 100% held by Ecsponent Limited South Africa.

ECSPONENT BROKER CONSULTANCY: Ecsponent Broker Consultancy (Registration Number 2016/159 397) acquired a Shelf Company on the 19th April 2016.

1. JOLIAN PROPERTIES 2012/04/17 ECSPONENT INVESTMENT HOLDINGS: Ecsponent Investment Holdings Proprietary Limited (Registration Number 2012/069 960/07), acquired as a Shelf Company on the 12th June 2012. a wholly owned 100% subsidiary of Ecsponent Capital (RF), on the CIP documents its registered as Jolian Properties.

ECSPONENT TREASURY SERVICES: Ecsponent Treasury Management Limited (registration number 2015/430 938), acquired a Shelf Company on the 08th December 2015 a wholly-owned subsidiary of Ecsponent; loss for 2021 (96 110 840) total loss since 2014 (416 841 631) - GOING CONCERN

EXCHANGE TRADED FUND: Exchange Traded Fund (Registration Number 2006/032 681) acquired a Shelf Company on the 19th October 2006.

PINK ORCHID: Pink Orchid Limited (registration number C159597), Shelf Company registered and incorporated under the laws of the Republic of Mauritius and which is currently a wholly-owned Subsidiary of Ecsponent Treasury Services; Ecsponent Treasury Services acquires 100% of the ordinary shares in Pink Orchid for a total purchase consideration of R185 million-*** number belongs to ECS Private Equity Limited*** Directors: George Manyere, Tertius De Kock- Mauritian Based Search Entity*** Pink Orchid

First time Pink Orchid ever get mentioned is in the JSE Sens Documents dated Friday the 29th of June 2018.

Ecsponent Limited owns Ecsponent Treasury Services (Pty) Ltd reg: 2015/430 938, would buy 100% of the issued Ordinary Shares of Pink Orchid.

Ecsponent Treasury Services a private company duly registered and incorporated under the laws of South Africa, a wholly owned subsidiary of Ecsponent Limited.

Pink Orchid is yet to be incorporated and accordingly has no profits or losses, assets or liabilities.

Pink Orchid an investment holding company yet to be incorporated from Purple Orchid Limited, reg: 2009/015 563 who is wholly owned by Ecsponent Capital(RF) reg: 2009/015 563, referred to as a related party.

What would Ecsponent Treasuary Services hold as a Subsidiary of Ecsponent Limited????

6. Net loans payable expected to equal circa R478 million this will be set off against a loan liability due by Capital to Ecsponent Treasury Services.

Ecsponent Capital (RF) has the same registration number as Purple Orchid Services (Registration number: 2009/015563), now wholly owned by the Bro Business Trust. Never in any document does the Bro Business Trust ever get mentioned up and until the 23rd day of January 2019.

We are getting ahead of ourselves, let’s calm down to a mild panic, following this transaction.

Wednesday 26th of September 2018 the deal gains faxes, 1 and 2, the value remains the same, the acquisition not quite, for R280 million…… here we have some amendments What would Ecsponent Treasury Services hold as a Subsidiary of Ecsponent Limited????

2. 100% of issued Ordinary Share Capital of Invest Solar Africa to be diluted to 75%

ECS Treasury Limited (Registration Number C150 604) registered and incorporated under the laws of the Republic of Mauritius registered on the 26th of September 2017, Director: Terrence P Gregory 05 June 2020 Tertius De Kock and George Manyere

ECSPONENT PROJECTS PROPRIETARY LIMITED: Ecsponent Projects Proprietary Limited (old registration number CO.2015/12033 incorporated in Republic of Botswana and a wholly owned Subsidiary of Capital (RF) (Registration Number 2009/015563/06)

ENERGY SYSTEMS GROUP PROPRIETARY LIMITED: Energy Systems Group Limited T/A Solahart Botswana (Registration Number BW00000880905) The group acquires 51% of Energy Systems Group in June 2018 for the cash consideration of R38 million.

VSS FINANCIAL SERVICES PROPRIETARY LIMITED: VSS Financial Services Proprietary Limited (registration number: 2012/073113), a private company duly registered and incorporated under the laws of South Africa, and a wholly owned subsidiary of MyBucks;

NORSAD FINANCE BOTSWANA: Norsad Finance (Botswana) Limited (registration number CO2013/10180), incorporated in the Republic of Botswana

SCIPION ACTIVE TRADING: Scipion Active Trading Fund (Registration No. HL244669), a private limited liability company duly registered and incorporated in the Cayman Islands with registered address at, being a third-party financier of the Ecsponent Group;

TLG AFRICA LIMITED - TLG Africa Limited (registration number: 1704253), an entity incorporated under the laws of United Kingdom, in the business of providing permanent growth capital to consumer-focussed businesses operating in Africa;

*** WEB DETAILS -TLG Capital Investments, represented by Iroko Securities Limited (Registration Number FRN221563) Authorised and regulated by the Financial Conduct Authority- TLG Capital Investments is a company incorporated in England and Wales (Company Number 068 690 78)

GO-LIFE INTERNATIONAL : 8.2% Go -Life International Registration Number(CO. 98177) registered and incorporated under the laws of the Republic of Mauritius, Acquired According to Afristrat Limited 2018 Balance Sheet, they own a value of 68.2 Million shares,6.78% for a purchase consideration of R43 740Million According to the balance sheet of Go-Life Internationals balance sheet they actually own 73 566 256 shares to the value of 8.2% (Ecsponent Limited)** under the period of 2020 Go Life international made ZERO REVENUE.*** When did they acquire the additional shares and to what value, if they paid .65c Per Ordinary Share according to Go-Life the actual transaction was R47 818 066 Million****

ECSPONENT EVOLUTION FUND: Ecsponent Evolution Fund (Registration Number 2018/203 149) Registered as a Shelf Company on the 14th of March 2018*** never mentioned on the SENS documents, first time ever on the 2020 Balance Sheets as still dormant***

ECS FINANCIAL HOLDINGS: Ecsponent Financial Holdings (Registration Number 2020/017 637) a Shelf Company registered on the 14th January 2020, a Shelf Company who in less than 2 months in operation made a loss of R626 628 383 million. *** never mentioned on the SENS documents, first time ever on the 2020/2021 Balance Sheets we have searched B2B –Located them under ECS Financial Holdings and not as ESCPONENT FINANCIAL HOLDINGS 100% Owned according to Balance Sheet by Afristrat, Losses for 2020/21 R1 123 104 926*** A brand new company never ever appearing anywhere but to make major losses during the same time they collapse the “Preference Share” program ***

Notes: Was this company created for tax avoidance, as write off debt, or another misstatement in the accounting records, creating the illusion of a destressed debt book? Where have you ever heard of a company less than 2 months old racking up this type of debt without any staff, no offices, no assets, a blank shell?

INVEST SOLAR: Invest Solar – Havara Solar plant (Registration Number BW00001381192) acquired 70% by ECS Private Equity registered on the 03rd of March 2017 Re registered in 2020 , 90 million shares held within company – Majority Ecsponent Botswana Limited , now known as Ecsponent Equity Botswana Limited holds 63 million – MHMK Group Botswana holds 4 million -Garekwe Dudu holds 2 million shares – Makacana Tebogo holds 1 million shares – Jyrki Ilmari Koskelo holds 10 million shares- Walter Kambwanji holds 2.5 million- Dirk Harbecke holds 2.5 million shares – Brian Chindondondo holds 1.5 million shares – Julian Thatcher holds 2.25 million – Thembelihle Munowenyo holds 1.25 million shares. Ecsponent Limited invests R90.8 million into Invest Solar during on 29 June 2018 for 80%, Page 5 of 10 in the Directors Report. The first time they appear on the balance sheet is in 2020 as 70% held. 2020 Financials they make a loss of R40 193 988.00 a R40 million rand loss. In 2021, they make an additional R33 426 993 Loss. This company has actually cost Investors over R160 million???? There is a discrepancy overlapping the 2020 and 2021 Financial report – 2020 R40million loss reflected on the 2021 as R53 056 064.00 a difference of over R12 862 076. – Could this be a misstatement or just another auditing error to create lager debt as an excuse to convert debt into equity???.*** The eXess Africal and George Beukes saga continues, Havara Plant belongs to Old Mutual and others-There is an active application for Liquidation to the Havara Plant.***

Notes: As per our records we actually own 70%, not as reflected in their Directors Report 80%, continuous misstatements to create a better asset reflection when acquitting assets.

How is this a viable asset when funds are leaking spewing out of the company year after year, with promises made by directors that this is a sustainable company there to create wealth for investors, the company has cost the investors over R170 million?

Areo a French company appointed to do the CO2 emission report has not been paid, had to actually leave the site, however Invest Solar insists on using all their information on the website of Areo, same photos, same information.

First time Crosscorn ever gets mentioned is in the JSE Sens Documents dated 12th of December 2019.

The Board of Directors of Ecsponent is pleased to announce that it has concluded an agreement with Crosscorn (Pty) Ltd and the Scipion Active Trading Fund a fund incorporated under the laws of the Cayman Islands, in terms of which Ecsponent will acquire 45.5% of the common shares of Crosscorn

The common shares in Crosscorn will be acquired by Ecsponent in two phases, as follows: Ecsponent Limited will purchase 26.25% of the common shares in Crosscorn from SATF for a deferred cash consideration of USD1,400,000 at a fixed exchange rate of 1 USD to 14.80 ZAR, being R20,720,000.00

Ecsponent will acquire a further 19.25% of the common shares of Crosscorn from SATF, in exchange for the issue of 101.3 million Ecsponent shares @.14 Cent = a value of R14 182 000.00

The net asset value of Crosscorn as at 30 June 2019 was BWP860 068 and the profit after tax for the year ended 30 June 2019 was BWP633 254. Shareholders are alerted to the fact that these figures are based on unpublished and unaudited management accounts as at that date. The management accounts were prepared in accordance with International Financial Reporting Standards, and Ecsponent is satisfied with the quality of the management accounts.

The Cash Consideration will be settled on a deferred basis, in two equal payments to SATF, one at six months and one at twelve months after culmination of the Transaction. The outstanding Cash Consideration will bear interest at a rate of 9.75% per annum until the date of settlement, with interest payable on a monthly basis. : The company showed assets value of BWP633 254

Shareholders are hereby advised that, due to current market conditions including the COVID-19 pandemic, the Agreement has been cancelled and the Transaction will not proceed, however, the parties will continue discussions while monitoring market conditions.

Fast forward to 2022, they did a pathetic monitoring of the market conditions as they offer more money for a company reaching the bottom pit.

The board of directors of Afristrat is pleased to advise shareholders that with effect from 6 April 2022 (‘effective date’) Afristrat’s wholly-owned subsidiary, ECS PrivateEquity Proprietary Limited entered into a binding term sheet to acquire, , 100% of Crosscorn Proprietary Limited together with a distressed loan asset pool from SATF for a total purchase price of USD5 000 000

In accordance with the Term Sheet, the Purchase Price shall be settled by a combination of debt and equity, by the issuance of Domestic Medium-Term Notes to the value of USD3 500 000 – R51 800 000.00 and ordinary shares of Afristrat to the value of USD1,500,000 to SATF.= R23 272 800 to SATF.= shares issued 19 394 000*** 19/05/2022 The value of shares are now at .19 cent = R3 515 000 - from R 22 200 000.00 not bad!!!***

As the Notes and Shares are denominated in South African Rand, the Purchase Price shall be paid in the equivalent amount to the nearest ZAR100 calculated on the day of issuance

The terms of the Notes: Each Note shall be listed on the securities exchange operated by the JSE Limited and will be issued for a term of 4 years from the date of issue thereof and will be repayable in full in one amount at maturity “Redemption Date” : These notes have been exempted from the “Conversion to Equity plan” as per sens document 13/05/2022.

The Notes will be unsecured, will bear an interest rate of 9% p.a. payable semi-annually in arrears. Each Note will be freely transferrable by the registered owner thereof.

The financial information for Crosscorn is set out as follows: The value of the audited net liability of Crosscorn that is the subject of the Acquisition as at 30 June 2021 was BWP17.1 million; and the audited loss after tax attributable to the net assets for the year ended 30 June 2021 was BWP8.9 million.

Notes: With SATF holding these shares, with the shares held by George Manyere and Tertius de Kock, the conversion is with certainty going to proceed. The Note holders will have no significant say.

How do the Directors including the Financial Director justify paying over R80Million for a company that had asset value of BWP860 068 June 2019, to net liability of BWP17.1 million, and net assets of BWP8.9 million once you remove the assets from the liabilities you are left with a tangible loss of BWP8.2 million?

How would it be possible to move in a strategic road forward creating sustainable growth within a company with transactions like this?

Stodaflo Proprietary Limited: (Registration Number 2017/186 016) Registration on the 02nd May 2017 as a shelf company. Incorporated under the laws of South Africa. This is a company directly influenced by the Manyere’s *** Ecsponent makes loans from Stodaflo with excessive interest rates.

Directors: Tinashe R Manyere, Tendiyi N Chiweshe, Chrisian Gouws, Julian T Thatcher.