eis a

p
inve proved
stm
ent

CRAFT IS KING
THE INVESTOR OPPORTUNITY FOR
CRAFT SOFT DRINKS
CAPITAL AT RISK 1
OUR VISION: RAIS
£500
ING
,000
£3.8M
CRAFT SOFT DRINKS

to be no.1 in craft soft drinks PRE-

VALU
MON
EY
ATIO
11.6% N
EQUI
TY

“BATTLING THE BLAND”

TO OUR VERY DEMANDING TASTE BUDS OLD
SCHOOL SOFT DRINKS LACK CHARACTER SO

IS CRAFTED
TO BRING YOU UNCOMPROMISINGLY GOOD
FIZZY DRINKS WITH DISTINCTIVE FLAVOUR

DELIVERED WITH STYLE

2
 GINGER REBEL STEELWORKS
OVERVIEW GINGER LEMONADE COLA & GINGER

ABOUT GUNNA:
CRAFT SOFT DRINKS WITH
TRUE CHARACTER

PINK PUNK
RASPBERRY LEMONADE
MUSCOVITE
LEMONADE & MINT
3
 2nd 3rd
THE craft soft drink ADULT SOFT DRINK
GLOBAL INNOVATION
OVERALL SOFT DRINK
GLOBAL INNOVATION
CATEGORY CATEGORY

i
only
Intriguingly with tastes
complex character real
flavours BEATS LEADING COMPETITORS NATURAL JUICES AND FRUIT
IN TASTE TESTS EXTRACTS, NO NASTY COLOURS
OR PRESERVATIVES
le
ss

no
th
an

5% sugar

ic
st
a
ONLY 73 CALORIES PER CAN, CRAFT BRAND IMAGE
NO SUGAR TAX pl

4
STRONG MOMENTUM
STRONG REVENUE EXCITEMENT FROM
GROWTH BIG RETAILERS
• 290% REVENUE GROWTH IN 2018 • NEW CONTRACTS WITH ASDA &
SAINSBURY’S. TOGETHER THEY ARE
• REVENUES PROJECTED TO MORE 30% OF UK GROCERY SALES
THAN TRIPLE IN 2019
• SIGNIFICANT DISTRIBUTION GROWTH
• MONTHLY REVENUES PROJECTED ACROSS ALL RETAILERS
TO EXCEED £70K PER MONTH BY
END OF 2019 • FURTHER WINS WITH OCADO,
AMAZON, MATTHEW ALGIE AND
MANY MORE SO FAR THIS YEAR
SOME OF OUR KEY CUSTOMERS
CRAFT SOFT DRINKS
STRONG
PIPELINE
• WE SIGNED A MAJOR DISTRIBUTION
PARTNERSHIP WITH EURO FOODS
BRANDS IN APRIL 19
• THEY HAVE OVER 30 SALES PEOPLE
AND 1000+ ACTIVE CUSTOMERS
• THEY ARE LEVERAGING THEIR
EXISTING TRADE RELATIONSHIPS TO
STRENGTHEN OUR PIPELINE
5
4 CHARACTERFUL FLAVOURS CRAFT SOFT DRINKS

Inspired by exciting flavours from around the world

GINGER REBEL
GINGER LEMONADE
STEELWORKS
COLA & GINGER
PINK PUNK
RASPBERRY LEMONADE
MUSCOVITE
LEMONADE & MINT

INSPIRED BY A TRADITIONAL DRINK A DELICIOUS SOFT DRINK RECIPE CREATED BY INSPIRED BY A CLASSIC VIRGIN COCKTAIL INSPIRED BY A TRADITIONAL FRESH LEMONADE
CALLED ‘GUNNER’ ORIGINALLY CREATED CAPE TOWN’S THIRSTY STEEL WORKERS CALLED A ‘SHIRLEY TEMPLE’ POPULAR IN ASIA RECIPE SERVED IN MOSCOW
BY THE BRITISH NAVY
6
WHAT IS
CHARACTERFUL
FLAVOUR? SALTY
BITTER

SALTY

SOUR SOUR

SWEET
COMBINING COMBINING SWEET,
DIFFERENT FRUITS SOUR, SPICY
AND FLAVOURS Which Delivers a more & BITTER NOTES,
E.G LEMON, GINGER
& MINT multi-dimensional + RATHER THAN BEING JUST
SWEET AND/OR SOUR

multi-sensorial
taste experience
7
Taste is the HOW
M
DO Y UCH
LIKE OU
CRAFT SOFT DRINKS

key driver
TAST THE
E OF
…?
GUNNA 6.9
PINK PUNK

of choice
GUNNA 6.7
MUSCOVITE

GUNNA 6.5
GINGER REBEL
Millennials love the distinctive, SAN PELLEGRINO 6.5
characterful flavour of gunna LEMON

BELVOIR RASPBERRY 6.3

LEMONADE
WE’VE INVESTED HEAVILY IN R&D. AS A RESULT WE
BEAT OTHER PREMIUM DRINKS IN TASTE TESTS. GUNNA 6.1
STEELWORKS

GINGERELLA 5.6

FEVER-TREE 4.8
GINGER BEER

FENTIMANS 4.6
LEMONADE Source:
Representative sample
of 100+ consumers

8
 GINGER REBEL STEELWORKS
OVERVIEW GINGER LEMONADE COLA & GINGER

THE MARKET OPPORTUNITY:

CRAFT SOFT DRINKS ARE BOOMING

PINK PUNK
RASPBERRY LEMONADE
MUSCOVITE
LEMONADE & MINT
9
MARKET RETURNS CRAFT SOFT DRINKS
IN NUMBERS
Craft soft drinks can generate
exceptional investor returns
56%
*
• C RAFT BEERS, SPIRITS & MIXERS HAVE GENERATED
SIGNIFICANT SHAREHOLDER VALUE, WITH SEVERAL GROWTH OF CRAFT SOFT DRINKS
VS LAST YEAR
HIGH PROFILE EXITS AND 2 UNICORNS CREATED
• T HE SAME CONSUMER AND RETAILER TRENDS ARE
NOW DRIVING RAPID GROWTH IN CRAFT SOFT DRINKS 2.7 X
HIGHER
*
A LOVE
THING REVENUE PER LITRE CRAFT
SOFT DRINKS VS LAST YEAR
YOUNG ADULTS RETAILERS NEED

LOVE CRAFT BRANDS
CRAFT BEER, SPIRITS, SNACKS,
DAIRY & NOW CRAFT SOFT
DRINKS ARE GROWING FAST
£500M
PREMIUM GROWTH
OPPORTUNITIES
MAINSTREAM CARBONATES
REVENUE PER LITRE IS FALLING PROJECTED SIZE OF CRAFT SOFT DRINKS

SOURCE: IRI INFOSCAN 2018 10

UK SOFT DRINKS MARKET
Market conditions are similar to
those that fuelled the craft beer boom
carbonates UK SOFT DRINKS SALES WERE
£15.4BN IN 2018 +5.5%GROWTH
• DOMINATED BY ‘OLD SCHOOL’ BRANDS,
CRAFT SOFT DRINKS COMPETE
WITH LOW APPEAL TO MILLENIALS IN MAINSTREAM CARBONATES =
• FALLING REVENUE PER LITRE THE LARGEST SEGMENT
• LACK OF REAL INNOVATION
• 46% OF UK SOFT DRINKS
• GROWING AT 9%

water MILLENNIALS ARE LOOKING FOR

pure juice HEALTHIER, MORE INTERESTING
energy juice AND MORE PURPOSEFUL BRANDS
drinks • LOVE FLAVOUR
squash • LOVE NATURAL
mixers
£7.3bn £1.9bn £1.7bn £1.6bn £1.4bn £0.8bn £0.7bn • LOVE CRAFT
SOURCE: BRITVIC/ NIELSEN ANNUAL REPORT SOFT DRINKS REPORT - GROCERY, CONVENIENCE, ON TRADE AND FOOD SERVICE - 2018
11
CRAFT SOFT DRINKS CRAFT SOFT DRINKS

address several
strategic issues for retailers

LACK OF
FALLING EXCITEMENT CONSUMER
REVENUE IN MAINSTREAM HEALTH
ENVIRONMENTAL PER LITRE CARBONATES AISLE CONCERNS
CRAFT DRINKS CRAFT SOFT CRAFT BRANDS ARE CRAFT SOFT
ALLOW RETAILERS DRINKS REVENUE ENGAGING & EXCITING DRINKS OFFER
TO REDUCE PER LITRE IS 2.7X TO CONSUMERS A HEALTHIER ALTERNATIVE
RELIANCE ON HIGHER THAN MAINSTREAM TO CONSUMERS
(ESPECIALLY NON-DRINKERS)
PLASTIC CARBONATES

12
RETAIL SPACE CRAFT SOFT DRINKS

Retailers are already creating

a separate shelf specifically to drive
craft soft drinks growth
CREATION OF A SEPARATE CRAFT BEER SECTION
WAS A KEY DRIVER OF SUCCESS FOR CRAFT
BEERS. THE MAJOR MULTIPLES ARE NOW
IMPLEMENTING OUR RECOMMENDATION TO DO
THE SAME WITH CRAFT SOFT DRINKS.

• I ndividual craft brands get lost on shelf if merchandised

in the main soft drinks fixture
• B locking craft soft drinks together creates an exciting ‘destination
shelf ’ for young adult shoppers to browse craft drinks
• Makes consumer choice easier
• D rives premiumisation for the retailer - revenue per litre
2.7x higher on craft soft drinks

6
Competitive context
Soft drinks is a repertoire market,
with consumers typically buying
10-15 different brands/products each year.
CONSUMERS ARE OPEN TO NEW SOFT DRINKS BRANDS.

OTHER CRAFT COMPETITORS ‘OLD SCHOOL’ CARBONATES

OUR USP s OUR USP s

• LOWER SUGAR • COOL CRAFT BRAND IMAGE
• BETTER TASTE • BETTER TASTE (VS MANY)
• LOWER SUGAR (VS SOME)

13
 GINGER REBEL STEELWORKS
OVERVIEW GINGER LEMONADE COLA & GINGER

OUR BUSINESS &

FINANCIALS

PINK PUNK
RASPBERRY LEMONADE
MUSCOVITE
LEMONADE & MINT
14
A team with strong commercial experience &
the power of 80 people at euro food brands
MELVIN JAY
CEO
• FIRST 16 YEARS OF CAREER IN
CONSUMER GOODS MARKETING &
INNOVATION – WITH ST. IVEL, UB,
DANONE AND NOVARTIS.
• IN 2001 FOUNDED STRATEGY
AND INNOVATION CONSULTANCY
CALLED CLEAR, EXIT TO M&C
SAATCHI IN 2007
CRAFT SOFT DRINKS
BELLA ILINSKAYA CHRIS PROWTING DAVID ALGAR
MARKETING SALES NON-EXEC
• OVER 30 YEARS CONSUMER
• 21 YEARS OF SENIOR SALES AND • 10 YEARS SALES AND CATEGORY
GOODS IN SALES, MARKETING,
MARKETING STRATEGY EXPERIENCE
MANUFACTURING AND GENERAL
• EXPERT IN DIGITAL • EXPERT IN MANAGING MANAGEMENT. REGIONAL
COMMUNICATIONS & SOCIAL RELATIONSHIPS WITH MAJOR
MEDIA ENGAGEMENT • VP AT DANONE AND CEO OF
RETAILERS
HOZELOCK
• LBS SLOAN MBA • JOINED L’ORÉAL FROM LEEDS
• CURRENTLY WITH MAYFAIR
UNIVERSITY BUSINESS SCHOOL,
EQUITY AS EXEC CHAIRMAN &
START-UP EXPERIENCE AT BOL
CEO FOR FOX INTERNATIONAL
80 STAFF IN TOTAL
30 IN SALES & MARKETING
50 IN SUPPLY CHAIN, FINANCE & CUSTOMER SERVICE 15
OUR KEY PARTNERS
A LEAN BUSINESS MODEL THAT REDUCES
THE INVESTMENT REQUIRED TO SCALE GUNNA
HIGH QUALITY/LOW COST
DRINKS THAT BEAT THE
COMPETITION IN TASTE TESTS
• WORLD LEADER IN FLAVOUR DEVELOPMENT
• THEY PRODUCE THE JUICE COMPOUNDS
THAT ARE THEN BLENDED INTO CANS/BOTTLES
BY OUR MANUFACTURER REFRESCO
• WORK CLOSELY WITH GUNNA TEAM
AND SENSORY PANELS TO CREATE RECIPES
THAT BEAT MAINSTREAM COMPETITORS
IN TASTE TESTS
PRODUCTION PARTNER
• EUROPE’S NO.1 CONTRACT SOFT
DRINKS MANUFACTURER
• THEY PRODUCE DRINKS FOR MAJOR
UK RETAILERS AND OTHER 3RD PARTY
BRANDS LIKE US
• BRC A+ ACCREDITED FACTORIES
• COMMITTED TO BEING EUROPE’S
LOW COST MANUFACTURER
CRAFT SOFT DRINKS
SALES, LOGISTICS &
GROWTH PARTNER
• INDEPENDENT DISTRIBUTOR OF FOOD & DRINKS
BRANDS, WITH 30 SALES PROFESSIONALS
• STRONG TOP TABLE RELATIONSHIPS WITH MAJOR
RETAILERS. THEY ALSO HANDLE ALL
BACK OFFICE ACTIVITIES FOR GUNNA
• INCENTIVIZED TO DRIVE RAPID GROWTH THROUGH
A SHARE OPTIONS SCHEME
• THIS PARTNERSHIP REDUCES THE
INVESTMENT NEEDED TO SCALE GUNNA,
BECAUSE GUNNA DOES NOT NEED TO HIRE
NEW PEOPLE IN ORDER TO GROW
16
driving DISTRIBUTION growth CRAFT SOFT DRINKS

our partnership with euro food brands

EURO FOOD BRAND HAVE BUILT NUMBER OF ££ MULTI MILLION
FOOD BRANDS FOR 3RD PARTY BRAND OWNERS, WHO DO NOT • TURNOVER £117M:
HAVE THEIR OWN UK ORGANISATION. THEY COVER & FUND ALL 100% GROWTH IN LAST
5 YEARS
FUNCTIONS, WITH A MAIN FOCUS ON SALES.
• HEADCOUNT 80
• 30 SALES PEOPLE
How do they create value for GUNNA? • OVER 4,000 EXISTING
CUSTOMERS

ACCESS TO MAJOR ALLOWS US TO FOCUS REDUCES OUR

RETAILERS
OUR BIGGEST CHALLENGE IS GETTING
ACCESS TO THE SOFT DRINKS BUYERS.
EFB HAVE 30 PEOPLE IN SALES AND HAVE
STRONG EXISTING RELATIONSHIPS WITH
ALL THE MAJOR RETAILERS.
ON GROWTH
THEY OFFER A FULL SERVICE OF
BUSINESS FUNCTIONS – SALES,
TRADE MARKETING, PRODUCTION
PLANNING, FINANCE, LOGISTICS.
SO THE GUNNA TEAM CAN
FOCUS ON MARKETING AND
NEW BUSINESS LEADS.
GROWTH CAPITAL
THEY FUND OUR WORKING CAPITAL,
INCLUDING BUYING THE STOCK FROM
THE FACTORY. WE DON’T NEED TO WHAT’S THE DEAL?
HIRE NEW PEOPLE AS WE GROW SO
WE KEEP OUR OVERHEADS LOW. THEY RECEIVE UP TO 10% COMMISSION
ON SALES. THEY ALSO HAVE A SHARE
OPTIONS SCHEME THAT INCENTIVISES
THEM TO HIT HIGH REVENUE TARGETS

17
How will we grow? ove
Our
CRAFT SOFT DRINKS

We have 2 key drivers of growth goa l

ral
TO CRE l:
A TE A S
BRAND TRONG
,
L OYA LT W I T H H I G H
Y, T H A
REVEN T DRIVES
U
RAPIDLY DRIVE BUILD RATE £10M B E OF
Y 2025
DISTRIBUTION OF SALE
• HEAVILY PROMOTE THE CRAFT • GEO TARGETED CONSUMER
CATEGORY OPPORTUNITY AND THE MARKETING ACTIVITY, USING
CRAFT SHELF CONCEPT DIGITAL TOOLS
• FOCUS ON THE TYPE OF ACCOUNTS/OUTLETS • IN STORE AND RETAILER SPECIFIC
WHERE THE BRAND HAS THE BEST PROMOTIONAL PLANS TO
CHANCE OF SUCCESS DRIVE TRIAL & REPEAT
• LEVERAGE EFB SALES RESOURCES
AND ACCESS TO KEY DECISION MAKERS
IN THESE ACCOUNTS/SECTORS

18
marketing strategy CRAFT SOFT DRINKS

laser targeted investment

DIGITAL
OUR STRATEGY IS TO BRAND SOCIAL
COUPON
TARGET OUR MARKETING TO APPS our target
ADVERTISING
MILLENNIALS WHO LIVE CLOSE market spend
4 hOUrs/day
TO A STORE STOCKING GUNNA on their
phone

POINT OF SALE PRODUCT

DISPLAY SAMPLING

purchase we have a
IN-STORE decisions are great tasting
PROMOTIONS made at point prodUct
of sale

PROMOTE THROUGH TRIAL PRICE

RETAILER’S ON-LINE STORE OFFERS

19
SWOT ANALYSIS CRAFT SOFT DRINKS

STRENGTHS
• HIGH TASTE TEST SCORES = HIGH REPEAT PURCHASE
• PARTNERSHIP WITH EUROFOODBRANDS ENABLES GUNNA TO
SCALE QUICKLY & EFFICIENTLY
• EXPERIENCE OF TEAM - FOUNDER PREVIOUSLY EXITED
BUSINESS
• STRONG DISTRIBUTION BASE TO GROW FROM - SAINSBURYS,
ASDA, CO-OP, WH SMITH & NISA
OPPORTUNITIES
• RAPID GROWTH OF CRAFT FOOD & DRINKS BRANDS ACROSS
DIFFERENT CATEGORIES
• RETAILERS ARE LOOKING FOR OPPORTUNITIES TO PREMIUMISE
SOFT DRINKS
• EXPORT TO MIDDLE EAST & NORTH AFRICA

WEAKNESSES THREATS
• MAJOR BRANDS COULD TRY AND ENTER CRAFT SOFT DRINKS • BREXIT: GUNNA’S MITIGATION PLAN IS TO MOVE ADDITIONAL
• LIMITED FUNDS TO BUILD BRAND AWARENESS STOCK OF RAW MATERIALS INTO UK COLD STORAGE

20
financial plan CRAFT SOFT DRINKS

summary
2016 2017 2018 2019 2020 2021 2022
REVENUE £1,236 £37,940 £151,021 £406,321 £1,373,474 £3,753,360 £7,095,578
COST OF GOODS & DISTRIBUTION £698 £11,268 £76,733 £236,354 £741,585 £1,778,948 £3,215,444
GROSS MARGIN £539 £26,672 £74,288 £169,967 £631,889 £1,974,412 £3,880,134
GROSS MARGIN % 44% 70% 49% 42% 46% 53% 55%
PRICE & TRADE PROMOTIONS -£35,490 £20,613 £210,604 £110,421 £234,347 £519,336 £949,558
NET CONTRIBUTION £36,029 £6,059 -£136,317 £59,546 £397,542 £1,455,076 £2,931,405
NET MARGIN % 2914% 16% -90% 15% 28% 38% 41%

STAFF COSTS £70,159 £192,950 £134,628 £244,161 £252,712 £265,347 £278,615

MARKETING £51,986 £42,483 £80,041 £160,078 £300,000 £410,000 £874,000
NEW PRODUCT DEVELOPMENT £137,496 £206,915 £324,004 £70,301 £36,000 £60,000 £108,000
DISTRIBUTOR £1,200 £7,417 £13,693 £36,236 £137,347 £375,336 £709,558
OTHER OVERHEADS/COSTS £52,701 £94,111 £206,142 £28,197 £79,549 £85,549 £98,378
OPERATING PROFIT -£277,512 -£537,816 -£894,824 -£538,973 -£408,066 £258,843 £862,854

21
financial plan CRAFT SOFT DRINKS

distribution build FEEDS REVENUE GROWTH

STORE NUMBERS
Customer 2019 2020 2021 2022
SAINSBURY’S 163 163 163 272
ASDA 224 224 224 224
TESCO 0 262 262 511
MORRISONS 0 0 127 127
CO-OP 233 366 481 481
WAITROSE 0 0 149 238
AMAZON 1 1 1 1
OCADO 1 1 1 1
CONVENIENCE 163 551 736 852
FOOD TO GO 0 50 140 280
CASUAL DINING 72 72 259 579
ON TRADE 0 168 534 945
TRAVEL 150 365 515 585
MATTHEW ALGIE/COFFEE 4 52 214 464
OTHER 3 3 3 2

22
 GINGER REBEL STEELWORKS
OVERVIEW GINGER LEMONADE COLA & GINGER

FUNDING REQUIREMENTS &

INVESTOR PROPOSITION

PINK PUNK
RASPBERRY LEMONADE
MUSCOVITE
LEMONADE & MINT
23
WHY INVEST? CRAFT SOFT DRINKS

• THE PEOPLE WHO INVESTED EARLY IN CRAFTS

DRINKS HAVE SEEN GREAT RETURNS

CAN GENERATE
• SEVERAL £100M+ CRAFT BEER & SPIRITS EXITS
• BREWDOG VALUATION £1.2BN -JUST 7 YEARS
VERY HIGH SHAREHOLDER RETURNS SINCE LAUNCHING

WE’VE SEEN IT HAPPEN • FEVER TREE £3.9BN 10 YEARS AFTER LAUNCHING

IN CRAFT BEERS & SPIRITS • THE SAME CONSUMER TRENDS THAT HAVE
FUELLED THE CRAFT BEERS & SPIRITS MOVEMENT
THE SAME WILL HAPPEN WILL NOW DRIVE CRAFT SOFT DRINKS
IN CRAFT SOFT DRINKS • SO CRAFT SOFT DRINKS WILL BOOM,
AND GUNNA WILL BE A LEADING PLAYER

24
FUNDING & USE OF FUNDS CRAFT SOFT DRINKS

LAST FUNDRAISING USE OF

ROUND TARGET FUNDS
• FUND RAISING TARGET =£500K
• 64% OVERFUNDED ON
OUR LAST ROUND • EQUITY 11.6% PRODUCT
DEVELOPMENT
• £740K RAISED • PRE MONEY VALUATION OF £3.8M 18%
(NET OF FEES) • LAST VALUATION £2.8M CONSUMER
TRADE
INVESTMENT MARKETING
21%
60%

25
VALUATION CRAFT SOFT DRINKS

COMPARABLE VALUATIONS

COMPANY EXIT DATE REVENUE EXIT VALUE SALES MULTIPLE

BOTTLE GREEN DRINKS 2011 £13.5 MILLION £25 MILLION 1.85X

NO & MORE 2017 £419,803 £2.58 MILLION 6.1X

INNOCENT DRINKS 2010 £9.7 MILLION £76 MILLION 7.8X

FEVER TREE DRINKS 2014 (AIM Listing) £14 MILLION £154.4 MILLION 11.0X

AVERAGE 6.6X

26
EXIT PLAN
exit to mid-size soft
drinks company
• SALE OF NO & MORE TO SHS FOR
£4M WITH SALES AT ONLY £750K (SALES
MULTIPLE OF 5.3)
• SALE OF FEEL GOOD TO NICHOLS
PLC (UNDISCLOSED)
• SHS PURCHASE OF ROCKS
CORDIALS (UNDISCLOSED)
at higher revenues
a larger transaction
is possible
• INNOCENT SOLD 32% OF THEIR EQUITY TO
COCA COLA IN 2013 FOR £100M, VALUING
THE COMPANY AT £320M
• FEVER TREE IPO @ REVENUE OF
£14M ACHIEVED £154M VALUATION ON AIM,
11X SALES, 37X EBITDA.
CURRENT MARKET CAP £3.9BN
recent soft drink exits
CRAFT SOFT DRINKS
gunna target exit
value = £70m+
• GUNNA HAS THE POTENTIAL TO GENERATE
HIGH REVENUES, BECAUSE IT OPERATES IN
THE LARGEST SEGMENT OF THE MARKET
AND CRAFT SOFT DRINKS ARE BOOMING
• TARGET IS TO EXIT WITH £10M REVENUE
IN 5 TO 7 YEARS
27
Summary CRAFT SOFT DRINKS

A great investment opportunity

CRAFT SOFT DRINKS ARE

BOOMING
GUNNA
HAS A STRONG
CRAFT BRANDS HAVE
GENERATED GREAT
DRIVEN BY THE SAME TRENDS
SHAREHOLDER RETURNS
CONSUMER PROPOSITION
THAT DROVE OTHER THAT HAS GENERATED WITH SEVERAL
VERY HIGH VALUE EXITS
CRAFT CATEGORIES GREAT TRACTION
WITH MAJOR RETAILERS

28
 CRAFT SOFT DRINKS

Please forgive these formalities,

we are legally obliged to point out
THIS PRESENTATION IS INTENDED ONLY FOR INTERESTED HIGH NET
WORTH OR SOPHISTICATED INVESTORS WHO ARE ELIGIBLE TO INVEST
IN PRIVATE COMPANIES, ACCORDING TO THE RELEVANT UK SECURITIES
LAWS APPLICABLE TO SHARE ISSUES.
ACCORDINGLY THIS PRESENTATION IS EXEMPT FROM THE
GENERAL RESTRICTION ON THE COMMUNICATION OF INVITATIONS
OR INDUCEMENTS TO ENGAGE IN INVESTMENT ACTIVITY
SET OUT IN SECTION 21 OF THE FINANCIAL SERVICES AND
MARKETS ACT 2000 (FSMA).

THE CONTENT OF THIS PROMOTION HAS THEREFORE NOT BEEN APPROVED BY AN AUTHORISED
PERSON WITHIN THE MEANING OF THE FINANCIAL SERVICES & MARKETS ACT 2000. RELIANCE ON THIS
PROMOTION FOR THE PURPOSE OF ENGAGING IN ANY INVESTMENT ACTIVITY MAY EXPOSE AN INDIVIDUAL
TO A SIGNIFICANT RISK OF LOSING ALL OF THE PROPERTY OR OTHER ASSETS INVESTED.

WWW.GUNNADRINKS.COM
29