Ekahi Group - Global Independent Family Office

1. Ekahi Group - Global Independent Family Office www.ekahi.group

2. About Ekhai Group • We are an international investment business • We invest our own capital in companies where we believe our sector experience, and our strategic and geographic expertise, will improve performance.

3. Our aim • Ekahi’s current structure emerged in 2000 while the legacy traces 60 years. Today Ekahi is an International Investment Business Headquartered in Tallinn, Estonia. • Ekahi’s aim is to be a pre-eminent international investment firm. We aim to buy and build investments – in selected sectors – that stand the test of time and create value for all our partners and stakeholders, and which will become the foundation for a new, highly regarded global investment business.” • We focus on particular sectors – where we have specialism – at the moment that is metals & energy, financial services & real estate, internet & technology, life sciences & health and hospitality & retail. • We are a family office that invests through our subsidiaries. Our liquidity is managed by Ekahi Treasury. If we think a sector is attractive, and can be grown beyond the size and time horizon of private equity, we will recruit renowned industry leaders to work in partnership with us to invest at scale. • We live in an unpredictable world, in many ways facing a new industrial revolution in which social media, robotics, 3D manufacturing, artificial intelligence and new trade corridors are altering the landscape. Old global certainties and structures are changing rapidly. • Despite this Ekahi has made good progress in diversifying its portfolio. It has established new investment units in the health and retail sectors. We believe that it is well positioned to take advantage of opportunities and mitigate risk. • Ekahi’s focus to ensure that the Board has the right balance of skills and experience to support and challenge Ekahi’s investment management teams and their decisions. • Ekahi continues to attract world-class talent to its Advisory Boards. These Advisory Board members include former chief executives, chairmen and entrepreneurs in their respective industries, who have managed international businesses through turbulent times. • Ekahi investment teams and Advisory Boards stand ready to provide strategic advice and to work with the companies Ekahi invests in to realize their potential.

4. Our structure • We are an international investment business headquartered in Tallinn, Estonia. • Ekahi is an international investment business consisting of a holding company and four groups which target investments in the metals &energy, financial services & real estate, internet & technology, lifesciences&health and hospitality &retail, where we have world class expertise. • Envesecure Global Limited( “Ekahi Holdings”) is the ultimate parent of the group comprising of an intermediate holding company Elfington Limited. • Elfington Limited has four investment groups:Fortitus Limited provides the treasury function(s), providing liquidity and undertakes trading activities. Industria Limited invests in internet & technology, Ekahi Investment Holdings invests in metals &energy, lifesciences&health and hospitality &retail. Loancore Limited that invests in financial services & real estate.

5. Our Strategy and Capital Allocation We invest in sectors that satisfy human needs. People need energy, food retail, technology and healthcare. Ekahi Strategy We are entering a new age of economic disruption, which is impacting all of us and is driven by extraordinary levels of human creativity and technology. As the world shifts economically, there is a danger of economic and political volatility, but also new growth opportunities emerge as industries evolve new operating models.Technology impacts relationships with customers and business models and is creating change in every sector.

6. Ekahi Capital Allocation • Our investment teams are structured to invest at scale in the oil and gas, retail, health, telecoms and technology sectors. • Oil and Gas – Increasing population growth means increased demand for energy. For the next 50 years, oil and gas will be an important cash flow generator. We invest in good development opportunities at low oil prices, then target operating improvements and cost optimization. • Technology – Big international companies are evolving their operating models, automating and changing their customer relationships in 21st-century digital economy. We invest in technology and software companies, which will provide the software and services to enable this transformation. Our expertise in retail, banking, health, oil and gas and telecoms will help us make world-class investments. • Health – Technology and demographic trends are pushing the boundaries of healthcare and creating new investment opportunities in contract manufacturing, life science tools and medical distribution. Ekahi Health aims to make several sizeable investments aimed at generating high cash flow and growth in these areas. • Retail –The retail sector is in midst of substantial change, driven by demographics and technology. We are looking for non-cyclical niches and companies that will be disruptors in the sector. These are the companies that will generate cash flow and growth. • Treasury – The majority of assets are invested in low-risk, highly liquid assets so that funds can be released quickly and provided to the rest of Ekahi. In order to have adequate funds available at relatively short notice, Ekahi Treasury selects a broad mix of investments.

7. Investment philosophy • As entrepreneurs and successful businesspeople we invest in, buy and build companies where we see an attractive valuation, competitive advantage and market opportunity, and where our involvement will build significant value. We invest for long-term growth • We are long-term growth investors – with no fixed investment time horizons – and significant funding available of permanent capital. As successful entrepreneurs, we can afford to invest for the long-term. We know that building a better performing business takes determination. We are disciplined when it comes to the execution of strategy. 

8. We make large scale investments in sectors we know well We invest internationally, at scale, in the technology, telecoms, energy, healthcare and retail sectors, where we have unrivalled expertise, and believe we can generate long-term sustainable growth. We leverage the insights we gain from our investments in private equity to build expertise in new sectors. If we think a sector is attractive, and can be grown beyond the size and time horizon of private equity, we will recruit renowned industry leaders to work in partnership with us to invest at scale.  

9. We proactively manage our holdings We are investing our own capital in companies where we believe our sector experience, strategic and geographic expertise will improve performance. We like to understand how businesses work. We want to know their structure, skills, processes and the basis of their competitive strengths. We look at everything with fresh eyes, always asking what works and what doesn’t. Our specialist teams then work actively with the management of the companies in which we invest by providing strategic input, managing performance, and building competitive teams.

10. We target persistent value creation We focus on metrics that are critical to a company’s persistent value creation rather than quarterly results alone. We build value through entry and then the proactive management of our holdings and companies. We focus on creating long-term value and on operational excellence. Our investment returns are generated through dividend income, as well as long-term capital growth.

11. We are committed to best governance practice Ekahi is committed to the highest standards of governance based on the requirements set for public companies, including transparent financial reporting. The corporate structure of Ekahi has been carefully designed so that investment decisions are scrutinized thoroughly. To scrutinize our investment teams’ recommendations and to challenge our assumptions, we have recruited sector investment Advisory Boards consisting of internationally respected chief executives and entrepreneurs. Each Advisory Board provides advice on whether or not to proceed with a particular opportunity in its sector. The Advisory Boards play an essential role in our investment governance process.

12. Our businesses Our investments are focused on the energy, technology, real estate, financial services, engineering and logistics through our four main business units. • Ekahi Metals & Energy • Ekahi Internet & Technology • Ekahi Heavy Industry & Engineering • Ekahi Healthcare & Lifesciences • Ekahi Logistics & Supply Chain • Ekahi Financial Services & Real Estate • Ekahi Treasury & Trading • Ekahi Credit & Capital

13. Contact - Us • Estonia offices • Ekahi Head Office • Raekoja Plats 1310146 Tallinn, Estonia+3728801290 (Estonia)