Empowering Trade in a Sustainable Economy

CORPORATE PROFILE
DL HUDSON GROUP – AN OVERVIEW

The company was acquired in July 2018, and subsequently the

company has been renamed DL HUDSON.
12 14
DL Hudson is a global commodities trading house headquartered
in London, UK.

The trading expertise includes principal energy and metals products. In particular, ferrous
and nonferrous metals, crude and refined oil products. The company transacts across all
compliant markets. 23
The company’s strategy is to transact in trade flows that ensure a more sustainable and
environmentally conscious economy

The core strength of the business lies in the adroitness and experience of the team,
340 26
extensive geographical and product diversification, trading and logistical expertise,
supported by robust financial and risk management.

The team at DL HUDSON is a syncretic group of energy and metals traders, London
and Wall Street bankers.
DL HUDSON GROUP – HIGHLIGHTS

The business operates on the

core values of efficiency, DL HUDSON’s shareholders have
integrity, reliability, commitment, infused $20m of cash equity,
transparency and excellence. fortifying its balance sheet.

Consolidated Gross Revenues

DL HUDSON’s parent company’s are projected to grow from
capitalization is USD 81MM (FY: USD 900M in 2021 to
2020/2021). approximately USD 1.3B per
year over the next year
DL HUDSON GROUP for a GREENER PLANET

DL HUDSON – ENGAGED IN ENSURING SUSTAINABLE DEVELOPMENT

AND A GREENER PLANET

DL HUDSON is ardently focused on creating a formidable clean energy

trading desk. Our oil business conscientiously trades in Euro 6, European
Emission Standard Fuel and Green Fuels that massively contributes to
the global efforts of reducing carbon dioxide emissions. Furthermore, a
significant part of our metals trading book is posited towards providing
to electric vehicle manufacturing , supplying them Nickel, Copper, Cobalt
and Lithium. Our recycled metals to reprocessed finished metals
business abets the circular economy and promotes enterprise in well
disadvantaged regions and geographies.

As a group, we are acquiring and involved in constructing renewable

energy assets to consequentially advance the green forum for a cleaner
planet.
OWNERSHIP STRUCTURE

REKTRON GROUP INC.

(CANADA)

100 %

REKTRON AQ LTD
(UK)

100 %

DL HUDSON (UK)

100 % 100% %

DL HUDSON GERMANY
GmbH (DE) DL HUDSON DUNES (UAE)

92 %

8%
NIKA PIESHKOVA DLH ISTROS (UK)
REKTRON GROUP

DL HUDSON LTD DL HUDSON is a global commodities trading house headquartered in London, UK. The trading
expertise includes principal energy and metals products. In particular, ferrous and nonferrous
metals, crude and refined oil products.

DL HUDSON GERMANY GmbH is a wholly owned subsidiary of DL HUDSON, United Kingdom.

DL HUDSON Germany GmbH The company’s primary objective is distribution of fuel products, lubricants and metals in the
Germanic region.

DLH ISTROS (DLH-RB) is the Group’s physical asset holding company. It owns fuel storage
DLH ISTROS facilities along the Danube River.
DLH ISTROS is a United Kingdom registered Limited Company.

REKTRON AQ LIMITED REKTRON AQ is 100% owned by REKTRON GROUP INC (“RGI”). RGI will be a publicly listed
company on the Canadian Securities Exchange in Q323

• Rektron AQ is the Holding Company and DL Hudson is the trading company.

DL HUDSON GROUP – THE MANAGEMENT TEAM
Sanjeev S Tolia – Managing Director
Sanjeev began his career as an associate at Mercury Asset Management in
London which was later acquired by Merrill Lynch & Co. He then moved to New
York as an Assistant Vice President at Merrill Lynch, ultimately assuming
responsibility as Senior Vice President for Merrill Lynch Investment
Management’s (MLIM) EMEA (Europe, Middle, East & Africa) desk.
During his tenure at MLIM, he was the lead fund manager, under a Joint Venture
arrangement, for Fidelity Special Situations Fund managing US$3.2bn. Sanjeev
then transitioned to Morgan Stanley in New York as Managing Director in charge
of Morgan Stanley Asset Management's EMEA business overseeing the divisions
global operations and strategy.
Presently he is on the Advisory Board of Tanbridge Capital, UK and is Managing
Director at DL HUDSON Ltd., a subsidiary of Rektron PLC. DL HUDSON is a
commodity trading firm in the U.K. that vaunts an established market trading oil
products along with running an active metals trading book.
Sanjeev was educated at Harrow School and graduated from the University of
Bristol in Avionic Systems Engineering with First Class Honors
Ricardo Phielix – Chief Financial Officer
Ricardo obtained a Masters degree in Business Economics as well as an
Executive Master in Accounting, Auditing and Control at the Erasmus
University Rotterdam.
He is a Dutch registered Certified Public Accountant, having started out his
career at Deloitte in Rotterdam, primarily focusing on audits of large multi-
national companies in a myriad of industries including pharmaceuticals, real
estate, and commodity asset and trading companies.
After holding several positions at Deloitte, Ricardo joined Metalcorp Group,
initially as the financial controller but was soon promoted to the Global Chief
Financial Officer, a position that he held for over seven years.
Subsequently, he started his own consulting business with a focus on
commodity related companies. Ricardo initially joined DL Hudson as a
consultant in 2021 as a consultant and was tasked with being the Managing
Director of DL HUDSON Germany GmbH.
In the summer of 2022, the Board of Directors at Rektron promoted Ricardo
to be the Global Chief Financial Officer for Rektron plc overseeing the
financial posturing of all Group companies.
Ricardo commutes between London and Amsterdam and is an avid
Basketball fan.
DL HUDSON GROUP – THE MANAGEMENT TEAM
Markos Petrocheilos – Chief Investment Officer/Director
Markos's career has been exceptional, spanning from trading equity derivatives to
crude oil, and he has extensive experience implementing and executing flow
volatility books for large financial institutions.
His deep knowledge of and insights into financial markets and derivatives, along
with his technical expertise and grasp of macro fundamentals, are instrumental to
our firm's overall exposure and strategies.
After graduating from the University of Piraeus in Finance, having ranked first in
the national university’s admissions examinations, he commanded an infantry
platoon in the Greek army then worked for Vioryl SA as a business analyst in
Athens, Greece. He then received his Master of Business Administration (MBA)
from the MIT Sloan School of Management on a Fulbright scholarship, and during
his time at MIT Sloan he won the McKinsey Award.
Markos was then recruited as an exotic equity derivatives trader at Morgan Stanley
in London where he ran the secondary market making desk for exotic derivatives
and structured products.
Markos was subsequently hired by BNP Paribas in London, where over a 14 year
career he was a senior equity and crude oil options trader, providing liquidity to
large financial institutions and corporate and sovereign clients. During his tenure,
Markos grew his business to be a leading presence in the market and maintained
an impeccable track record, delivering a profit every year despite challenging
market conditions.
Moises Michan Portillo – Chief Operating Office/Director
Moises (“Moi”) has an expansive resume from trading Fixed Income, Foreign
Currency and Commodities at some of the most respected Wall Street financial
institutions.
Moi embarked on his career at JP Morgan’s Corporate High Yield desk in New
York on the High Yield Bond issuances and leveraged loan syndication desk,
engaging with some of the largest corporates in the United States. He was
instrumental in working on the operations and settlements of these securities
Moi was subsequently recruited by Goldman Sachs’ Commodity Trading
platform in Princeton, New Jersey. At Goldman Sachs, Moi was involved in
the operations and assessing the exposures of the firm, understanding the
physical flows of the clients the firm financed.. He then moved to Citi initially
covering the Latin American clients. Ultimately, Moi was responsible for both
Latin America and Citi’s European client coverage based out of London.
Moi graduated from New York University, and fluent in Spanish, French and
manages well communicating Italian too.
DL HUDSON GROUP - THE MANAGEMENT TEAM
Setu Vora – General Counsel
Setu has over 20 years’ experience as a lawyer, investment banker, private equity
and distribution. Setu qualified and worked as a lawyer with Norton Rose
Fulbright focusing on a wide range of upstream and downstream oil and gas
businesses, investment funds and IBD
After Norton Rose, Setu was at Henderson Global Investors where he worked as
a senior lawyer but was also involved in the operations of the business
responsible for hedge and retail funds, and advising on commercial transactions.
Setu then moved into front office investment banking and has worked at both
Citi and HSBC with specific focus and emphasis on the Middle East. His
responsibilities included prime finance, equity finance, Islamic structuring and
financing solutions, structured equity derivatives and capital introductions for
the MENA region
Setu then joined HUDSON Fairfax Group, a private equity firm based in New York
with focus on defense, cyber and next generation where he led strategic
business development and distribution
Setu has a Masters degree (LLM) from the University of London specializing in
international trade, finance and shipping law. Setu continues to be a qualified
solicitor.
Dominic Aslan – Chief Technology Officer
Dominic (“Dom”) dropped out to embark on a venerated career in
Information Technology. From his early years as technical support resource
for CompuServ, Dom has worked up the ladder through server support,
Technical engineer, Team manager and Architect, Project Manager to Chief
Technology Officer
Dom was then recruited to work for Nestle in Lausanne, Switzerland
ultimately taking charge of their global data center managing Nestlé's over
14,000 servers. Dom was then recruited to be the Head of IT at ED&F Man,
an established agricultural commodities trading house. At ED& F Man, Dom
built on his expertise to manage commodity-based IT systems and went on
to become the Head of IT and Chief Information Security Officer for the
Chicago Mercantile Exchange
Dom heads DL HUDSON and all related companies’ IT systems.
DL HUDSON GROUP – TRADING TEAM
Saeid Mohseni – Energy Trading
Saied has extensive international experience in physical sourcing, marketing
and trading of oil products (across the whole barrel) as well as crude oil,
condensate and other bulk commodities.
Saied has transacted and managed a trading portfolio of over USD 10 billion
across various geographies and has also been actively involved in business
development introducing new products across varied international markets
working for both large and mid sized oil companies.
His knowledge and multidisciplinary skill set to manage the whole process
from trading to contract negotiations ensuring the coordination with different
interfaces (i.e. supply chain, compliance, finance, risk management, shipping
and logistics, etc.) is a vital asset to DL HUDSON.
Saeid’s educational background in chemical engineering enables him to better
grasp various flows and blends that are often an added value to the
company’s clients.
Ross Friedman – Metals Trading
Ross Andrew Friedman, EMBA has worked in Business Development,
Marketing and Consulting in the Base Metal, Precious Metal, Minor Metal, Non-
Ferrous and Ferrous Metal markets since 2006. Formerly he was the director of
Republic Metals Corporation (Now Asahi Refining) for almost 5 years and
served as the Director of Business Development - Greater China (PRC, HK,
Macau, and Taiwan) and arranged the sales of gold to Banks and Bullion Dealers
who were members of the Shanghai Gold Exchange , as the only SGE good
delivery refinery from the US. Ross attends industry events globally in each
respective metal market and maintains close connections with management
level positions with companies in the industry. He is registered with agencies
such as the LBMA, SGE, COMEX, RJC and RMI. Ross is also an advisor to two
prominent firms from Chile and Taiwan in the field of supply chain financing,
investment and international trade of primary and secondary metals.
He is fluent in 3 languages English, Mandarin Chinese, & Spanish and is
currently studying Thai and Korean. He holds a bachelor’s degrees in Business
Administration Warrington College of Business University of Florida & East
Asian Languages & Literatures - Mandarin Chinese from University of Florida
Liberal Arts and Sciences. Has studied Economics & Chinese Language at
Southwest University of the Nationalities in Chengdu China and Tsinghua
University in Beijing further obtaining an Executive MBA from Washington
University, Olin Business School.
PRODUCTS TRADED

• Light Ends • Recycled metals • Recycled

Raw Materials
• Middle distillates Copper • Cathodes
• Heavy distillates • Wires & Rod
Energy
• Crude Oil
Commodities
• Bio Components • Hot Rolled Coils (including P&O)
• Chemicals Flat Products • Cold Rolled Coils (including FH) • Recycled
• Bulk Commodities (Carbon Steel) • Galvanized Coils / Sheets Aluminum • Ingots

Long Products • Billets Zinc • Ingots

(Carbon & • Wire Rods and Wire
Stainless Steel)

• Cathodes, Briquettes
• Soya Beans Nickel
• Ferro Nickel
• Sugar
• White Haricot Beans
• Cashews
• Cocoa • Tin
Soft Products Other
• Cooking Oil • Minor Metals
• Rice
• Flour
• Dates
TRADING LOCATIONS

1. Manzanillo – Mexico
2. Baltimore – USA
3. Barranquilla – Colombia
4. Santiago – Chile
5. Santos – Brazil
6. Rotterdam – Netherlands
7. Felixtowe – UK
8. Istanbul – Turkey
25
9. Dubai – UAE
26
10. Duran – South Africa
24
11. Mundra – India
12. Mumbai – India
13. Port Klang - Malaysia
14. Muara – Brunei
15. Kaohsiung – Taiwan
16. Singapore
17. Incheon – Korea
18. Busan - Korea
19. Tianjin - China
20. Qingdao - China
21. Shanghai - China
22. Ningbao - China
23. Hong Kong – China
24. Barcelona – Spain
25. Vienna – Austria
26. Genoa – Italy
GROUP COMPANIES

BALKANS

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DL HUDSON GERMANY – AN OVERVIEW DL HUDSON
GERMANY

DL HUDSON GERMANY Gmbh is a wholly owned subsidiary of DL

HUDSON, United Kingdom
The company’s primary objective is distribution of fuel products,
lubricants and metals in the Germanic region.

In establishing a distribution footprint in Germany and its

neighbouring countries, the Group’s strategy to systematically
establish a pan European network is further pronounced.

The future plans for the company are to build a robust

agricultural trading platform.
DL HUDSON BALKANS – AN OVERVIEW DL HUDSON
BALKANS

DL HUDSON BALKANS is a wholly owned subsidiary of DL

HUDSON, United Kingdom
The company’s primary objective is distribution of fuel products,
in Balkans.

The strategic business of DL HUDSON Balkans is to optimise

fuel supply chains in the Black Sea and expand distribution in
Eastern Europe

The Group is poised to invest more in this region as

the team is expanding and are optimistic of the
growth prospects in the region
DLH ISTROS – AN OVERVIEW

DLH ISTROS is the Group’s physical asset holding company. It owns fuel storage
facilities along the Danube River - Europe’s second longest River and the largest
within the European Union traversing the European Continent from Northern
Europe through Rhine-Main-Danube Canal into Central and Eastern Europe. The
fuel storage facilities in Central and Eastern Europe ultimately service some of
the largest vessel operators on the Danube River.

DLH ISTROS’s strategy is to acquire storage terminals and warehouses to

buttress the Group’s refined oil and metals trading trade flows.

DLH ISTROS is a United Kingdom registered Limited Company.

DLH ISTROS – STORAGE LOCATIONS

GERMANY Regensburg, 2370 km of the Danube

SLOVAKIA Bratislava, 1867 km of the Danube

Komarno, 1769 km of the Danube

AUSTRIA Vienna, 1924 km of the Danube

BULGARIA Ruse, 486 km of the Danube

SERBIA Novi Sad, 1254 km of the Danube

Pancevo, 1153 km of the Danube
Veliko Gradiste, 1054 km of the
Danube

INTERNATIONAL 61-st mile –Danube

WATERS
DL HUDSON DUNES– AN OVERVIEW

• DL HUDSON Dunes - Dubai based team is sourcing both raw

materials and off takers in the Middle East. Additionally, the team
active assists the Group’s other trading operations in terms of
sourcing and assisting in operations.
DL HUDSON GROUP – FINANCIAL HIGHLIGHTS

Integration into DL HUDSON Structure

Forecast* :$2B
Gross Revenue/Margin
Revenue Current year : $1.6B
USD 1,400,000,000.0 1.20%

USD 1,200,000,000.0 1.00%

USD 1,000,000,000.0
0.80%
USD 800,000,000.0
0.60% EBITDA Forecast* : $12.0 M
USD 600,000,000.0

USD 400,000,000.0
0.40% Current Year : $8.2M
USD 200,000,000.0 0.20%

USD 0.0 0.00% EBITDA projected to grow reflecting increase in

FY 2018/2019 FY 2019/2020 FY 2020/2021 FY 2021/2022 activity and cost
Audited Audited Current Projected

Gross Revenue Margin

Net Forecast : 1.0%

Margin Current Year : 0.9%

Notes
• Seismic increase in revenue for FY 2021/2022 due to
consolidation of subsidiary business lines
• Revenue decrease for FY 2019/2020 is due to the
worldwide pandemic situation

19
OUR PRESENCE

London, UK

Karlsruhe, Germany

Brig, Switzerland

Vienna, Austria

Cosenza, Italy

Bangkok, Thailand

Shanghai, China
DL HUDSON GROUP - CONTACT

DL HUDSON

120 New Cavendish Street

London, W1W 6XX

United Kingdom

+44 203 855 0670

info@dl-hudson.com
DL HUDSON GROUP - DISCLAIMER

This document has been prepared by DL HUDSON Limited (“DL HUDSON”) and is not, nor is it intended to be, an approved prospectus prepared in accordance with Part VI of the Financial Services and
Markets Act 2000 (the “FSMA”) and contains no offer to the public within the meaning of Section 85 of the FSMA, the Companies Act 1985, the Companies Act 2006 or otherwise and shall not be relied upon
in connection with any contract with DL HUDSON or any of DL HUDSON’s group or affiliate companies (the “Group”).

No undertaking, representation, warranty or other assurance, express or implied, is given or made by or on behalf of the DL HUDSON or any shareholders, directors, officers, employees, consultants or
advisers of DL HUDSON or any other person as to the accuracy, fairness, completeness or sufficiency of the information, opinions, statements, projections, estimates or beliefs contained in this document
and this document does not purport to give a complete summary of the risks associated with the proposal contained herein.

This document does not constitute or form part of an offer or invitation to sell, or a solicitation of an offer or agreement to buy or subscribe for, any security or instrument or to participate in any particular
trading attributable to any errors, inaccuracies, omissions or misstatements (whether negligent or otherwise) contained in this document.

Neither the receipt of this document by you or any person, nor any information contained herein or subsequently communicated to you or any person is to be taken as constituting the giving of financial,
tax, accounting, legal or investment advice. Save in the case of fraud, no liability is accepted for any loss, cost or damage suffered or incurred as a result of the use of or reliance upon any such information or
opinion which is making of a personal recommendation as defined in the rules of the Financial Conduct Authority (the “Rules”), by DL HUDSON or any member of the Group and you acknowledge that you
are not relying on DL HUDSON or any member of Group for any such advice or recommendation. You should consult with your own legal, regulatory, tax, business, investment, financial and accounting
advisers to the extent that you deem necessary. DL HUDSON nor any member of the Group owes any duties of responsibilities of the kind referred to in the Rules relating to the making of personal
recommendations in connection with any transaction.

This document has been delivered to you on the basis that you are a person into whose possession this document may be lawfully delivered in accordance with the laws and jurisdiction in which you are
located. Persons who are not resident in the United Kingdom should inform themselves about, and observe, any applicable legal or regulatory requirements in their jurisdiction. By accessing this document,
you shall be deemed to have warranted, represented, covenanted and undertaken to DL HUDSON that (a) you have understood and agree to the terms set out herein; (b) you are either (i) not a US person
(within the meaning of Regulation S of the U.S. Securities Act of 1933, as amended (the "1933 Act")) or acting for the account or benefit of a US person; or (ii) a “qualified institutional buyer” as defined
under Rule 144A under the 1933 Act; and (c) if you are a person in the United Kingdom then you are a person who (i) is a “qualified investor” as defined in Section 86 of the FSMA and either (ii) has
professional experience in matters relating to investments; or (iii) is a high net worth entity falling within Section 49(2)(a) to (d) of the Financial Services and Markets Act (Financial Promotion) Order 2005.
Persons who do not fall within paragraphs (b) and (c) above should return this document immediately to DL HUDSON.

DL HUDSON reserves the right to modify, amend, withdraw or cancel any part of this document at any time in whole or in part, in its sole discretion. This document must be returned to DL HUDSON on
demand.

This document may not be distributed, copied, reproduced, discussed, published, quoted or referenced to, in whole or in part in any manner whatsoever, without the prior written consent of DL HUDSON
and in particular, may not be distributed to any U.S. person or to any U.S. address. Any distribution or reproduction of this document in whole or in part is unauthorized. By accepting a copy of this
document, you agree to be bound by the foregoing limitations.
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