Akrasi Properties Ltd CORPORATE PROFILE

Contents Item Page About Us ................................................................................2 Introduction Mission Statemen.t...............................................................................3 Vision ................................................................................4 Board of Directors .............................................................................. 5 Projects ..............................................................................7 Sister Companies .................................................8 G & G Bakery Ltd .......................................................................10 Lake View Estate Ltd ...............................................................................12 Top Bake Bakery Ltd ...............................................................................13 Investment & Future Prospects .............................................................14 Corporate Social Responsibility ..............................................................................14 Bankers ...............................................................................14 Affiliations ...............................................................................15 Contact Details Appendix

AKRASI PROPERTIES LTD | Creating real value in property and places About Us AKRASI PROPERTIES LTD INTRODUCTION AKRASI PROPERTIES LTD a wholly Zambian owned company incorporated on the 19th of January 2009 with a vision of developing property , leasing it and managing it. It is a registered entity with PACRA and is registered with a Company Registration Number of 76868. We have also made registrations with Zambia Development Agency and Zambia Revenue Authority to ensure that we work hand in hand with the people of Zambia in adding infrastructure development to our land. Our primary focus is to develop property, provide facility leasing and management, project management and real estate development and consultancy. We pride ourselves in the delivery of high quality professional services while ensuring minimum total life cycle cost. With our team of creative and hardworking management ,we are able to access global best practices, systems and standards to deliver best value to our eventual customers leveraging our knowl- edge, properties and expertise of the local operating environment. We as AKRASI build our business on a strong platform of the 3Ps- People, Process and Place which defines our mission: We engage the right people both internally and externally and invest strongly in our people and people relations hips, whether employees, customers, suppliers or the wider community. AKRASI has developed processes and standards which help to ensure that all activities are sustainable and deliver good results. Our ultimate result which we deliver is the place where the customers live, shop, work or play and we thrive to ensure that we provide comfort, safety and security on all our facilities. VISION To be the best property developer and management company in Zambia with structures that are attractive, eco-friendly, long-lasting and secure. MISSION STATEMENT Largely contribute to the infrastructure development of Zambia in most districts by working with credible people, adhering to a workable Process that will surely deliver great results and implement the activities in all corners of the land of Zambia. Page 2

AKRASI PROPERTIES LTD | Creating real value in property and places Board Of Directors OUR TEAM George VOYIATZIS Mary VOYIATZIS ACQUISITIONS MANAGER MARKETING MANAGER George has been with AKRASI since its inception in Mary, has been with AKRASI 2011, originally responsible for the corporate since its inception. She enjoys a varied role, and operational division. He now manages which predominantly involves managing the project acquisitions. Prior to joining AKRASI, he marketing and sales team. Mary is a qualified honed his skills at G and G Bakery imited, specialis- and fully ing in the acquisition of resources for the bakery licensed marketing personnel with over nine operations and also commercial land for the estab- years experience in marketing products. Mary lishment of the bakery in 2005. George’s extensive does not have a giving up spirit. She is an out- background in acquisition of property and asset standing lady and is open to new ideas from her management has enabled him to successfully team members. deliver materials and assets needed for any AKRASI She holds shares worth 1,875,000. building project. His shares are worth 312,500. Ariadni TOURNAVITI Panagiotonda VOYIATZIS GENERA L M ANAGER – INVESTMENTS SALES MANAGER Ariadni leads the investment portfolio, comprising commercial and retail tenancies, From 2011, Panagiotonda has been responsible for and has managed AKRASI’s assets driving the sales, marketing and delivery of since 2011. Prior to joining AKRASI, key projects . He spent five years in Ariadni worked for G & G Bakery as Director product marketing and sales for Copperbelt’s of Investment. He has also managed together premier bread making company. He has spent the with the team, initiate the first ultra modern past three years focusing on AKRASI’s Nkana leasing arrangements for the world’s largest Shopping Mall project in shopping centre, the Nkana Mall in Kitwe. kitwe, Zambia. His shares are worth 312,500. His shares in the firm amount to 312,500. Stergios DARMAS Efstathios VOYIATZIS CHIEF FINANCIAl OFFICER HEAD OF D EVELOPMENT Stergios holds shares amounting to 312,500 and Efstathios , has over 15 years experience in the has extensive knowledge and experience in business field, having held various roles senior financial management in G & G Bakery, Lake View Estate and Tope Bake roles both in G & G Bakery as well as AKRASI Bakery. Properties Ltd. He is responsible for the growth Stergios is an individual who has financial and delivery of AKRASI’s development pipeline and integrity and discipline and believes in team work holds shares worth 1,875,000. and hard work are the real drivers in develop- ment. Akrasi Properties Ltd , is a family business which was initiated by George, who is the owner of the G & G Bakery in Kitwe, Zambia. Akrasi Properties has employed one qualified Architect, one qualified Civil Engineer and a Quantity Surveyor. We have also partnered with Flame Constructions Ltd via business contract in order to use their extensive knowledge and services in developing structures that are beautiful, eco-friendly and will stand the test of time . Page 3

AKRASI PROPERTIES LTD | Creating real value in property and places Projects WHAT WE ARE DOING

AKRASI PROPERTIES LTD | Creating real value in property and places Projects OUR CURRENT PROJECTS | NKANA MALL Nkana Shopping Mall One of the first modern commercial centers in Kitwe, Zambia. The mall is erected on a ground floor area of 6791 square metres and will be segmented as follows: Basement Floor- Office, substation and parking lot of 120 vehicles Ground Floor will comprise hypermarket, two banks, eight shops (food and beverages), twenty retail shops and eight terraces. The first floor will house a Restaurant , department store, twenty retail shops, fourteen shops (food and beverages), two terraces and an open area. The second floor will have a cinema, restaurant, department store, twenty retail shops, fourteen shops (food and beverages), two terraces and open area. The basement will be the underground parking lot for 120 vehicles. The project has so far seen an investment of over $11m and has an annual turn over of $3.174m. The project is located on the corner of Obote road and Independence Avenue in town centre. This location for the facility has many advantages as it is within the Central Business District with tarred road frontages on both sides. The location is already serviced with electricity and water from a borehole. Construction of this project has reached an advanced stage. Flame Construction Ltd has continued to work according to our specifications for the project. Our desire is to erect structures that will be secure, eco- friendly, long-lasting and beautiful in order to improve the image of the city and beyond. Sherwood Greene has also been contracted for the purposes of property valuation and management of the same infrastructure once completed in 2015. Page 4

Projects OUR CURRENT PROJECTS | NKANA MALL

Projects OUR CURRENT PROJECTS | NKANA MALL

Projects OUR CURRENT PROJECTS | NKANA MALL Page 7

AKRASI PROPERTIES LTD | Creating real value in property and places Our Sister Companies Adding value to Zambia’s economy Page 8



AKRASI PROPERTIES LTD | Creating real value in property and places Our Sister Companies G and G Bakery G & G Bakery Ltd is one of the earliest businesses initiated by Mr George Voyiatzis. It was incorporated in 1995 and has grown massive over the years. It is a family business but run with professional ideas and insight. G and G now boast of having more customers than any other bakery in the province. G and G bakery has in the recent past introduced a variety of healthy wheat products on the Zambian market. It is located on plot 8081 along Jambo drive, Riverside, Kitwe. Our annual turnover has increased over the years and currently stands at K22m. Products include White Bread, Milk Bread, Round Bread, Butter Bread, Special Bread, Brown Bread, Hamburger rolls, Doughnuts, Cup Cakes, Scones, Bread Sticks and Buns . With professional and technical expertise, we as G and G will continue to provide the best for mother Zambia in terms of healthy, nutritious and energy giving food for the whole family. Market We supply our products to all supermarkets, grocery stores, restaurants, eating places and corner cafes through out the Copperbelt province and parts of Central and North Western Provinces. We also supply to the mines and many other organizations across the province. Machinery, Equipment and Vehicles Our cost estimate of our machinery stands at $11m. We have from 2007 upgra- ded our operations by erecting a new plant for our production. We manage a transportation fleet of over 100 branded delivery vehicles and maintain a work force of 280 employees both in the production and dist- Page 10

AKRASI PROPERTIES LTD | Creating real value in property and places Our Sister Companies Top Bake Top Bake begun its operations in 2005 after its incorporation. It has slowly been rising as a bakery with now an annual turn over of K3m and now employs about 120 individuals. It is growing in capacity and has installed with latest technology to boost its operation .Top Bake is located on plot number 8080 along Jambo Drive, Riverside -Kitwe. Products include Our main produce is white and brown bread and buns. Market Having been on the market for over 5 years, we have explored new markets for our quality bread across the region. Machinery, Equipment and Vehicles Our newly installed modern ovens are now able to produce more quantity of bread on a daily basis. The equipment has been invested for an amount of US $1.5m and has since taken the potential of the company to a new level. We maintain a number of vehicles for our delivery of our products. Page 10

AKRASI PROPERTIES LTD | Creating real value in property and places Our Sister Companies Lake View Estate Employing about between 90 to 300 individuals, Lake View Estate Ltd has risen to a new level in farm crop production. With an initial investment of US $6.5m, it now has an annual turnover of K9.15 from the sale of maize and wheat only. Located along Mufulira road on plot 8724, and covering area of 1800 hectares bordering the Kafue river, Lake View Estate has widened its capacity in food production. Crops grown The main cash crops grown include Yellow maize, White Maize, Wheat and Soya Beans. Our Livestock section of the farm now has a herd of 182 cattle, 75 goats , 52 Pigs, 75 Sheep and over 40 rabits. These numbers are expected to rise over the coming months. Lake View Estate also has a citrus orchard which has fruits including oranges, lemons, tangerines, mangoes, grape, leaches and strawberries. Market Lake View Estate supplies to surrounding poultry companies and supermar- kets across the Copperbelt. Its market is expected to rise once it completes its current projects. Machinery, Equipment and Vehicles The following constitutes our collection of machinery: - +A Dozer +An Excavator +5 Center Pivots +5 Tractors Other investments are in a Pump house, newly constructed weighbridge and a Reservoir dam. Corporate Social Responsibility Besides employing the local people of Mufulira and surrounding areas, we as Lake View Estate have been running a free training programme agriculture in Mufulira for all small scale farmers. This is in a bid to equip farmers in the region with better farming tactics that shall improve yields and also help conserve our natural resources. These farmers also acquire crop chemicals at reduced prices. This programme is done in collaboration with Agric Chem Ltd. Page 12

AKRASI PROPERTIES LTD | Creating real value in property and places Financial Information, Future Plans MARKET, BANKING INFORMATION AND PROSPECTS AKRASI Properties Ltd has a mandate to improve the infrastructure development of many places across Zambia and by doing so, also provide employment to many Zambians. It has kept on providing employment to the local people under different sections of the company. It also provides employment opportunities to other companies via offering them business contracts which in turn, provide employment to other locals in an indirect way. Investment AKRASI Properties Ltd has an initial machinery investment of US $10,000,000.00 and has an annual turnover of US $ 3.174m. Market The company has made tremendous efforts in making its presence be felt and known on the Copperbelt province. This popularity has hugely been contributed to million kwacha project been that is been developed in Kitwe’s town centre, the Nkana Shopping Mall. Residents have appreciated this move and live in great anticipation for the facility which intends to lift the face of Kitwe town center. BANKING INFORMATION AKRASI Properties Ltd banks with the following Financial institutions in the Republic of Zambia ECOBANK ZAMBIA-Kitwe Branch AFFILIATIONS The company has attained registration with the Zambia Development Agency to ensure that its mandate is in line with policies as stipulated by the government of the day in delivering development to Zambia. FUTURE PROSPECTS After the delivery of the Nkana Shopping Mall Project in 2015, AKRASI Properties Ltd has laid out plans of building an estimate of 70 to 100 ultra modern flats just next to the Copperbelt University in Riverside. This project is already underway as land has already been procured and works have since begun. Page 14

THE ANKEXRTAGSIENPERROAPTIOERNTIES LTD | Creating real value in property and places COCNTAoCnT tUaS c|t GDETeINtaTOilUsCH WITH US Get in touch with us We are located along Jambo drive in Riverside on Plot number 8149/A in the city of Kitwe. Call us on Tel : +260 966 782 678 Get in touch via Fax: 0212 220 751 Drop us a cable via Email: [email protected] Page 15