SAPELE INDUSTRIAL CORPORATION Sapele Industrial City Development Management

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SAPELE INDUSTRIAL CORPORATION Sapele Industrial City Development & Management Company SAPELE INDUSTRIAL CITY …Integrating

SAPELE INDUSTRIAL CORPORATION Sapele Industrial City Development & Management Company SAPELE INDUSTRIAL CITY …Integrating Energy with Manufacturing MAJOR STAKEHOLDERS • Government of Delta State • Host Communities Sapele District, Amukpe District, Elume District, Ozue District, Ugboren District • Project Technical Partner Exerneum Resources Limited • Project Development Partners TBA • Investors

SI-CITY Concept Overview The Sapele Industrial City (SI-City) is a safe haven – free

SI-CITY Concept Overview The Sapele Industrial City (SI-City) is a safe haven – free trade zone (FTZ) industrial city conceptualized by Exerneum Resources Limited (ERL) to utilize the vast oil & gas reserves within Sapele and its environ as source of energy to drive manufacturing and industrial development with an aim to achieve the economic diversification goals of the Delta State Government & Nigerian Government. The SI-CITY is divided into six districts: • Oil & Gas District, • Energy & Power District, • Manufacturing Estate, • Marine & Jetty, • Business District, • Residential Estate. The SI-CITY is conceptualized to become the largest industrial city in Africa with a proposed land mass of about 12, 000 hectares and an independent and integrated source of energy. The SI-CITY is not just to make Delta State remain centre of attraction for oil and gas exploration and development investment in Nigeria but also to become the centre of attraction for manufacturing in Africa. SICITY has potentials to attract 50 billion usd investment to the economy of Delta State and create 2 million jobs within the next 25 years.

 • • • Strategic Geography & Geology Independent Source of Energy – 10

• • • Strategic Geography & Geology Independent Source of Energy – 10 Tscf of Gas & 1 bbo Dry Land for Construction Works Access to Atlantic Ocean through Benin Deep River (20 m @ quay side and 8 m @ Escravos Bar that required dredging maintenance works) Accessible Road Networks – East West Road Proximity to Osubi International Airport – 15 minutes drive Proximity to Potential Raw Materials Supplies Chain Dafinone Rubber Farm, Palmo Oil Farm, Delta Steel Company, AT&P, Songhai. etc Existing facilities - Sapele Oil & Gas Plant, Amukpe Oil & Gas Plant, NGC Pipelines, Existing Ports & Jetties, Ogorodo Power Station, Asca Bitumen Depot, Flower Mill, Top Feed Plant etc Existing Companies – SEPLAT, Ogorode, Asca, Flower Mill, TEL, Top Feed, NGC, NPDC, Pan Ocean etc Huge Market Potentials Safe and Secured Heaven – Nigerian Navy Logsitics Base & Engineering College Potentials to attract investors – Master Planning to explore optimum potentials Why Sapele? – Geography & Geology

Business Model for SICITY Development & Management • The SI-CITY is conceptualized as a

Business Model for SICITY Development & Management • The SI-CITY is conceptualized as a public-private partnership business concept • Strategic partnership: - The HOST COMMUNITIES to provide land resources as equity investments. - The DELTA STATE GOVERNMENT to provide initial development funding to perform: 1. Land Survey & Mapping, 2. Land titles & Cof. O, 3. Master planning of SI-CITY, 4. Feasibility studies, 5. Branding & marketing, 6. Provision of basic infrastructure (access road, liaison office, entrance gates, perimeter fencing etc) 7. Facilitation of Government permits/approvals, 8. Facilitation of involvement of international NGOs like the UNIDO, World Bank, IMF etc 9. Provision of security and guarantees for private investments. - THE TECHNICAL PARTNER - technical supports services in the development and management - DEVELOPMENT PARTNERS: 1. Funding for further development of the SI-CITY districts and infrastructure. 2. Technical expertise for development and operations of SICITY. • SAPELE NDUSTRIAL CORPORATION: A special purpose vehicle shall be established by the primary stakeholders for the purpose of developing and managing the SI-CITY. • INVESTORS to acquire or lease lands within districts of the SI-City to develop their factories, plants, facilities and businesses etc within the design specifications and requirements of the SICITY Master Plan.

SI-CITY Development Plan SICITY Development Phases: Phase 1 Development: Master Planning and Basic Infrastructure

SI-CITY Development Plan SICITY Development Phases: Phase 1 Development: Master Planning and Basic Infrastructure Development Phase 2 Development: SICITY Major Infrastructure and Districts Development Phase 3 Development: Development of Associated Infrastructure for Transportation and Raw Materials Supply

 • • • • • Yaba Industrial Estate Ikorodu Industrial Estate Ilupeju Industrial

• • • • • Yaba Industrial Estate Ikorodu Industrial Estate Ilupeju Industrial Estate Amuwo Odofin Kirikiri Industrial Estates Igando Industrial Estate Epe Industrial Estate Imota Industrial Estate Ibereko Industrial Estate Badagry Industrial Estate Motori Industrial Estate Isolo Industrial Estate Warri Industrial Business Park Proposed Asaba Industrial Estate Trans-Amadi Industrial Layout Onne Sea Port Benin Industrial Estate etc Competitors / Similar Falities All have common problem with Gas or Electricity Supply… Proposed SI-CITY advantage over others: • Safe Haven - FTZ • Independent Source of Energy (10 tcf) • Integrated Energy & Power District • Proximity to Potential Raw Materials Supply • Access to Atlantic Ocean • Accessible Road Networks • Proximity to International Airport • Existing Capital Infrastructure & Assets • Huge Market Potentials

BENEFITS of SI-CITY to DELTA STATE • Serves as prime-mover for industrial development and

BENEFITS of SI-CITY to DELTA STATE • Serves as prime-mover for industrial development and diversification of economy of Delta State and Nigeria in general. • Attract investments in excess of 50 Billion USD to Delta State within the next 25 years. • Creation of jobs and wealth for the people and Government of Delta State with an objective of accelerating economic growth, reducing poverty and achieving the Millennium Development Goals. • Massive infrastructural development and urbanization of Delta State. • Potentials of developing multi-billion USD allied agricultural raw materials industry within Delta State. • Provide opportunity for research and development in the tertiary institutions in Delta State. • Provide opportunity for human capacity development through technology transfer. • To change the socioeconomic equation of Nigeria, thereby making Delta State the centre of commerce and industries in Nigeria.

Progress - Where are we? Community Liaison • Host Communities onboard • Okpe Traditional

Progress - Where are we? Community Liaison • Host Communities onboard • Okpe Traditional Council onboard • Host Community MOU Signed • SICITY HOSTCOM Land Trust Committee Established x 6 Persons Development Partners / Investors Liaison Government Liaison • Ministry of Urban Renewal Ongoing. • DIDA Ongoing. • Ministry of Justice Expected. • Presentation to State Gov – Ongoing • Official Buy-in of DTSG expected Liaison with NGOs • Communication with UNIDO ongoing • Liaison with World Bank expected • Prospective Development Partners defined • LOI received from Different Development Partners • Profiling & Data Base Development for Existing Investors/Companies ongoing • Liaising & Profiling of Prospective Investors ongoing

Forward Plan – What Next? Development Phase Responsible Party Timeline Sign GMOU b/w DTSG,

Forward Plan – What Next? Development Phase Responsible Party Timeline Sign GMOU b/w DTSG, HOST Communities & ERL All Strategic Partner March, 2018 Incorporate SPV - Sapele Industrial Corporation (SIC) All Strategic Partner March, 2018 Land Survey & Mapping SIC/DTSG Funding March - May, 2018 Land Titles / Cof. O SIC/DTSG Funding June, 2018 Sign MOU with UNIDO SIC/DTSG Funding June, 2018 Establich Working Relation with World Bank to access grants through the Central Bank of Nigeria SIC/DTSG Funding June, 2018 Perform Conceptual Master Planning SIC/DTSG Funding July - Sept, 2018 Perform EIA Studies SIC/DTSG Funding July - Oct, 2018 Perform Feasibilities Studies SIC/DTSG Funding July - Oct, 2018 Obtain Federal Government Approvals/Permits SIC/DTSG Funding Oct - Nov. , 2018 Branding/Marketing/Website Design SIC/DTSG Funding Oct - Nov. , 2018 Sign MOU with Development Partner SIC/DTSG Funding December, 2018 Ground Breaking by Delta State Governor SIC/DTSG Funding December, 2018 - Start Land Lease/Allocation to Investors. - Start SICITY Operations & Management SIC January, 2018 Start Phase 2 Development SIC/Dev. Partners Funding January, 2018 Start Phase 3 Development SIC/Dev. Partners Funding January, 2020 Phase 1 Development: Master Planning & Basic Infrastructure Development Scope of Work

© 2016 Exerneum Resources Limited All Rights Reserved. 64 New Ogorode Road, Sapele, Delta

© 2016 Exerneum Resources Limited All Rights Reserved. 64 New Ogorode Road, Sapele, Delta State, Nigeria GSM: +2348036676286 / +2348064063777 info@exerneum. com www. exerneum. com Sapele Industrial City (SI-CITY) …Integrating Energy with Manufacturing