Future Vision about THE PROJECT

We are presenting in this document the opportunity to acquire MBI and THE COMPANY as the initial acquisitions to start the seafood group. Other companies and assets could be acquired on next stages to strengthen and consolidate particular areas of business in line with the strategy.

The future Vision of THE PROJECT can be:

• Integrate other companies in the group to couple organic and inorganic growth of the group.
• Position the group among the top fish suppliers to Middle East within 5 yrs.
• Reach group sales of 250 million euro and EBITDA of 30 million Euro in 5 yrs.

Action plan

The owners of MBI will be keen to meet THE PRINCIPAL investor in the next weeks to present THE PROJECT and the possibility to start conversations with THE COMPANY to analyze acquisitions.

Fish farm, juvenile production facility and R&D centre in Carchuna, Granada (Spain)

1.-Introduction

We present in this document (available on request) the general characteristics of the aquiculture Plant of Carchuna that has been designed and built specifically to carry out the production of fish juveniles (hatchery, nursery) of different species (sole, bream, sea bass, shrimp, etc.), as well as for the fattening of high added value species such as octopus (Octopus Vulgaris), sole, etc. The plant has a natural catchment of marine water (owned) of more than 1.5 m in diameter, 250m long and a 1m return outfall that provides the unlimited supply of high quality sea water. The Plant has unique technology and patents to reproduce and manipulate live octopus proven in different fattening cycles.

2.-Location

The plant is located on the shores of the sea of Alboran within the municipality of Motril and a few meters from the Castle of Carchuna.

  1. – GENERAL CHARACTERISTICS

The plant has the following characteristics:

  1. Total area: 10.800m2 (60m X 180m)
  2. Access to the plant
  3. Offices
  4. Laboratory
  5. 50KVA generator
  6. Warehouse and cold rooms
  7. Indoor tanks 5m3 each. Hatchery and Nursery area. 20 units.
  8. Outdoor tanks 10m3 each. Pre-fattening. 12 units.
  9. Outer tanks fattening Octopus 2.0000m3 (approx.). 21 units.
  10. Multi-trophic Discovery tanks 800 m3 (total approx.). 2 units
  11. Marine capture well, return and pumping groups. Diam. tube> 1m
  12. Disused tanks. 17 units.

Fish

Sea bream “Sparus Aurata”

Bass “Micropterus salmoides”

Sole “Cynoglossus macrolepidotus”

Turbot “Scophthalmus maximus”

Seabass “Dicentrarchus labrax”

Crustaceans

Prawn “pe naeusjaponicus” 

Lobster “Nephropidae”

Shrimp “penaeus vannamei”

Edible crab “Cancer pagurus” 

Velvet swimcrab “Necora puber”

 

Molluscs

Cockle “Austrovenus stutchburyi”

Clam” Veneridae”

Mussel “Dreissena polymorpha”

Oyster Ostreidae”

Razor shells “Ensis macha”

Prepared food

Fish fillet

Skewered fish

Fish tapas

Choco meatballs

 

NB: Supply Platform for High Quality Seafood Products Page4/2 April 2019 Strictly Private and Confidential

15 Yrs. Leasehold of 300 Hactares prawn farm in Cadiz (Spain)

  1. Introduction

ESTERO is a marshland 300 Hectare aquiculture facility that was leased by MBI in 2018 and is being set to produce prawn (Penaneus Japonicus), with the capacity to produce other valuable species. The most characteristic aspect of ESTERO is the efficiency and quality of their production, based on a natural environment created in the marshland near the sea. They are purely sustainable and based in natural conditions of the environment. This way the fish produced are of the highest quality.

2. Location

The farm is located on the marshland of San Fernando near Cadiz in Spain

3. GENERAL CHARACTERISTICS

The facility has been set by MBI to operate as a prawn farm together with other projected facilities to support production like hatchery, processing facilities and R&D.

Fish produced by ESTERO are controlled and certified to preserve the highest quality standards. Excellent climate conditions, warm, and influenced by the Mediterranean make production feasible during the whole year. ESTERO can produce additional aquaculture species to increase value added and product reputation. Fish Crustaceans Molluscs Prepared food Sea bream “Sparus Aurata” Prawn “penaeus japonicus” Cockle “Austrovenus stutchburyi” Fish fillet Bass “Micropterus salmoides” Lobster “Nephropidae” Clam ” Veneridae” Skewered fish Sole “Cynoglossus macrolepidotus” Shrimp “penaeus vannamei” Mussel “Dreissena polymorpha” Fish tapas Turbot “Scophthalmus maximus” Edible crab “Cancer pagurus” Oyster Ostreidae” Choco meatballs Seabass “Dicentrarchus labrax” Velvet swimcrab “Necora puber” Razor shells “Ensis macha”

We are open to invest in new markets and new destinations, offering in this way a special support and stimulant to existing and potential partners.

Initial expected production is 400tons/year. MBI has the capacity to reach new leasehold agreements to increase the marshland area and expand production capacity to up to 2,000 tons/year, depending on the type of species produced.