Central Common Cold Store (CCCS) |27 July 2017

More than 200 Seychellois show interest in buying shares

The Central Common Cold Store (CCCS) has announced that its share issue has been oversubscribed by 35%, showing the very positive response from investors, with more than 200 Seychellois

individuals and companies applying for allotment in shares.

The CCCS Steering Committee has studied the best way forward in line with the prospectus and usual business practices, in compliance with FSA applicable rules. The Steering Committee has decided to allocate the shares as per the Shareholding Structure elaborated in the prospectus released to the public on June 26, 2017.

In line with the above, based on a total equity of US $12 million and 12,000 shares of US $1,000, the subscription received and allocated by the CCCS Steering Committee is as follows:

- All Seychellois individuals’ request have been considered and accepted (US $1,398,000 or 1,398 shares or 11,65%).

- For Seychellois entities request have been partially accepted for US $4,722,000 or

4722 shares. Allocation is made on the pro-rata basis of their request to meet the

39,35% left to reach the 51% Seychellois investors target. The small corporates

have been considered and accepted in full.

- For foreign investors have been partially accepted for US $3,000,000 or 3,000

shares. Allocation is made on the pro-rata basis of their request to meet the 25%

target shareholding.

- The Founders retain their allocation of US $2,880,000 or 2,880 shares or 24%.

CCCS will send personal and official replies to each allocation request confirming the exact

amount allocated.

The Steering Committee is now working on finalising the conditions precedents required

before making the share payments, and holding the first shareholders general meeting.

The conditions precedents are:

1. Lease agreement signed on land allocated to CCCS.

2. Definitive approvals on autonomous production of energy and water.

3. Binding commitment for 75% of the 12,600 tonnes storage of capacity for a minimum

of 3 years.

4. Signed rent agreement for processing and other services area.

5. Signed term sheet for the bank loan with clearly identified closing conditions.

Subscribers will be officially notified of their shares allocation. Subscribers not willing to

confirm their allocation, should notify Constant Capital within 14 days from the date of

notification. This will be followed with further information on a timeframe for share

payments.