VSA Capital Ltd, 15-17 Eldon Street, London EC2M 7LD | Tel: +44 (0)20 3005 5000 | www.vsacapital.com

VSA Capital Group

Andrew Monk, CEO

• Founded Oriel Securities with the backing of Vitol in 2002, and sold it on for a 20x multiple in four years

• CEO of Blue Oar Plc - a successful turnaround before a hostile takeover

• VSA has been created from a loss-making software company with limited capital

VSA is More Than “Just Another Broker”

A Unique Global Perspective The Ability to Deliver Where Others Can’t

VSA and Its “Spider’s Web”

• VSA has developed a unique Global Corporate Client base which it helps to fund through its unique and extensive global distribution network

• By solving this funding question, funding can be achieved where others fail

• Not just Equity but also Debt and Unconventional funding

MMM will focus on a small group of mainly off-exchange traded metals and their respective minerals, which the directors believe:

• Have attractive supply/demand dynamics for the coming years; or

• Present opportunities due to markets valuations

• Particular emphasis is being placed on:

• Antimony (Sb)

• Chrome (Cr)

• Niobium (Nb)

• Manganese (Mn)

• Mineral Sands (Ti, Zr)

• Molybdenum (Mo)

• Tantalum (Ta)

• Tungsten (W)

VSA Capital: Corporate Clients

The KUSASA Project

Staff and volunteers operate on the following principles:

• The kids come first

• We are trustworthy and honest: we do what we say and we say what we do!

• We are colour-blind: black, white, coloured, Xhosa, English, Afrikaans are all equal and equally important to us

• We are transparent = there are NO hidden agendas

• Communication is crucial for our success

• We seek to PARTNER with schools, teachers, communities and organisations, to benefit kids - NOT provide hand-outs

• Because we don’t have all the answers, we must work with schools, teachers and communities to find the answers together

• Our goal is to enable schools, teachers and communities to succeed; to assist, not takeover or replace

• We respect the struggles of the past but refuse to allow the past to be an excuse for failure

• The trustees, staff and volunteers of the KUSASA Project believe that to succeed in helping children, we all need to join hands

If we work together, we can succeed, but if we don't each do our part, we will all failThe FUTURE is what matters

Our Goals

• To positively impact the children of the Franschhoek Valley by offering educational opportunity, sporting activities and a good example of personal interaction to kids who live in an environment which disappoints them, harms them and offers little opportunity to break out of the cycle of poverty

• To break down barriers, offer volunteers the opportunity to give of their time and talent, and open minds to the awesome potential of the children in their midst

• To remove race or socioeconomic status as a measure of the person –let us judge a person by “the content of their character” (ML King)

To create a model of direct interaction on behalf of children which can be replicated anywhere

Weekly Programmes

• Breakfast Club: Feeding 700 children each school day in two schools

• Morning Reading: Four days per week in three schools with volunteers

• Literacy For All: Structured literacy programme in four schools

• After-School Clubs:

• Ranging from Art, Drama and Ballet to Running, Chess and Reading

• Subjects depend on volunteer availability

• Young Scholars’ afternoon reading

• Homework sessions

• Crèche assistance

The Breakfast Club

What We Do in Quotes

“There can be no keener revelation of a Society’s soul than the way in which it treats its children” - Nelson Mandela

“Mr Dave, thank u very much for giving us the chance to show our humanity. I want to say if u need help with something like yesterday we here for u and Doug and u also here for us for 4 us only, 4 all children of South Africa. Thank u very much” - text message from Khanyisele, aged 15 after volunteering to assist with a football tournament run by The KUSASA Project.

UK Taxpayers: How You Can Help

• By internet transfer to:

• Bank: Clydesdale BankSort Code: 826419Account Number: 70128619Beneficiary: The KUSASA Project UK

• Send us an email with your contact details and we will acknowledge your donation.

• We can provide a GiftAid certificate should you elect to provide this.

• Or via JustGiving at: http://www.justgiving.com/kusasa

• This will allow a quick payment and offer you the opportunity to choose to GiftAid your donation via ticking a box.

• Justgiving takes a small percentage of each base donation for administration

The KUSASA Gallery

Disclaimer

These presentation slides (the “Slides”) do not comprise an admission document, listing particulars or a prospectus relating to VSA Capital Group Plc (“the Company”) or any subsidiary of the Company, donot constitute an offer or invitation to purchase or subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. TheSlides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities in the Company.

The Slides and the accompanying verbal presentation are confidential and the Slides are being supplied to you solely for your information and may not be reproduced or distributed to any other person orpublished, in whole or in part, for any purpose. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or thecompleteness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Company, VSA Capital Limited or their respective shareholders, directors,officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted forany such information or opinions (including in the case of negligence, but excluding any liability for fraud).

The Slides contain forward-looking statements, which relate, inter alia, to the Company’s proposed strategy, plans and objectives. Such forward-looking statements involve known and unknown risks,uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-lookingstatements. Accordingly, you should not rely on any forward-looking statements and the Company accepts no obligation to disseminate any updates or revisions to such forward-looking statements.

The Slides and their contents are directed only at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005,and as amended by The Financial Services and Markets Act 2012 (such as persons who are authorised or exempt persons within the meaning of the Financial Services and Markets Act 2000 and certain otherpersons having professional experience relating to investments, high net worth companies, unincorporated associations or partnerships, the trustees of high value trusts) and persons to whom distributionmay otherwise lawfully be made. Any investment, investment activity or controlled activity to which the Slides relate is available only to such persons and will be engaged in only with such persons.

Persons of any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon the Slides.

The Slides should not be distributed, published, reproduced or otherwise made available in whole or in part by recipients to any other person and, in particular, should not be distributed to persons with anaddress in the United States of America, Australia, the Republic of South Africa, the Republic of Ireland, Japan or in any other country outside the United Kingdom where such distribution may lead to abreach of any legal or regulatory requirement.

The services described within the Slides and accompanying verbal presentation are not exhaustive and are only representative of the services provided by VSA Capital Limited. There is no commitment onthe part of VSA Capital Limited to perform the services described if engaged, unless these services are expressly stated in a signed letter of engagement.

The Slides and their contents are confidential and should not unless otherwise agreed in writing by the Company be copied, distributed, published or reproduced (in whole or in part) or disclosed byrecipients to any other person.

VSA Capital Limited is Authorised and Regulated by the Financial Conduct Authority. Registered in England: No. 02405923. 15 Eldon Street, London EC2M 7LD. Tel: +44 (0)20 3005 5000.

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