Mandlebe Office Park

INTERNATIONAL TRADE FORUMMainSouth 1 Road

Registration number: 6654 Maseru 100
themagnificentrecovery@gmail.com ;lesley@mintirho-mep.co.zaLesotho
+266 5647 5070

Re: Acquirement of Shares

Lesotho Housing Project

House value Price increase Final Price Income Profit - 30%
76 000 9 000 85 000 102 000 000 30 600 000
96 000 19 000 115 000 92 000 000 27 600 000
58 200 000

Initial Cost Profit

76 000 22 800 9 000 31 800
96 000 28 800 19 000 47 800

The first phase of the project named Adam Estate contains 2,000 houses and the second phase
which is yet to be named contains 3,000 units
The project value is estimated at R485,000,000, while the total expenses are estimated at
R294,000,000.
Its profit is estimated at R191,000,000 while the Bonus is estimated at R65,000,000.
As a result, the Total Earnings are R256,000,000 and thus ITF shares will be R76,800,000
which will be 30% and investor's shares will be R179,200,000 which is 70%.

Total
Project Value Expenses Project profit
255 000 000 159 600 000
230 000 000 134 400 000
485 000 000 294 000 000 191 000 000

Bonus Total Earning

27 000 000 191 000 000
38 000 000 65 000 000
65 000 000 256 000 000
73 728 000 ITF Shares 3 686 400 5% shares
179 200 000 Investor shares

Best regards,