Access and control – “What you need when you need it”. Shared outlook and mindset. No jargon. Access to principles. Honest and direct. Decisive, logical – the people and the systems and analysis that supports them.

1. ABO COMMITS TO
A BETTER TOMORROW

2. EmpoweringTransparent Algorithmic
| CORPORATE PRESENTATION2
Our Building Blocks
INVESTMENT PHILOSOPHY
Access and control –
“What you need
when you need it”.
Shared outlook
and mindset.
No jargon.
Access to principles.
Honest and direct.
Decisive, logical –
the people and the
systems and analysis
that supports them.
Entrepreneurial

3. • Months since inception: 9
• Deal Closed: 16
• Commitments Deployed: EUR 600 Millions
• Invested Capital: EUR 65M
• Average Commitment Size: EUR 20M
• Worldwide Collaborators: 30+
• Investment sectors: Healthcare (40%)
Energy (30%)
Tech (20%)
Others (10%)
| CORPORATE PRESENTATION3
Key metrics
INVESTMENT PROCESS

4. | CORPORATE PRESENTATION4
Tactical Trading
INVESTMENT PHILOSOPHY
Alpha Blue Ocean has developed a tactical holistic
approach to its investments through the use of “Darwin
IQ”, our proprietary artificial neural network model.
Through deep learning & real-time data mining approach,
all quantitative and qualitative parameters are being
identified, then evaluated for significance. Over time, the
identified parameters becomes more or less significant,
sometimes obsolete, and the model thus constantly
adjusts the strategy in order to reflect relevance and
corrects the weight of influence for the aforementioned
parameters.
Systematic and dynamic trading signals production allows
for ever faster response time to an ever faster changing
macro- & micro-economic environment while combining a
multiple valuation approach.
The dynamic weight allocation tends to maximize toward
the following factor:
• Liquidity seeking
• Minimize market impact
• Long Gamma Exposure while minimizing
Theta cost
• Rational volatility capture on unforeseen/
abnormal events
We tackle the model risk approach through the constant
monitoring and validation of trading signals by human
operators.

5. Facts:
> Average Daily Value Traded over 5 month
Prior to Signing with ABO: ± NOK 270K per day.
> Average Daily Value Traded over 5 months After
Signing with ABO: ± NOK 20,4M per day.
> Daily Liquidity increased since
signing with ABO by more than 75x since signing
> Average Volume Weighted Share Price over
5 month prior to signing: NOK 1,54
> Average Volume Weighted Share Price over 5
month after signing with ABO: NOK 3,22
> The 5 month average share price
has more than doubled period on period since
signing
| CORPORATE PRESENTATION5
Case Study: Element ASA: 1/3
SELECTED TRANSACTIONS
Signing date 31 August 2017
Country of Incorporation Norway
Main Exchange venue Oslo Bors
Trading Ticker ELE NO
Sector
Total Commitment NOK 50’000’000
Total commitment deployed
(as of January 2018)
50%
Funding received from Warrant exercise
(as of January 2018)
NOK 5’650’00

6. | CORPORATE PRESENTATION |6
Case Study: ELEMENT ASA: 2/3
SELECTED TRANSACTIONS

7. | CORPORATE PRESENTATION |7
Case Study: ELEMENT ASA: 3/3
SELECTED TRANSACTIONS

8. Most PIPEs investments are made under the form of Convertibles Bonds with Stock Warrants attached.
Some of the main characteristics of such structure are:
| CORPORATE PRESENTATION8
Instrument Characteristics
• Irrevocable Commitment from the Investor, irrespective of
the potential future changes in market conditions for a
period ranging from 2 to 5 years.
• The Commitment is structured in Tranches (e.g. 10
tranches of EUR 1M for a EUR 10M commitment)
disbursed over time or along a pre-agreed calendar.
• The Bonds must convert into Equity making the
commitment a “quasi-equity” financing; additionally they
most often bear no coupons thus immediately improving
the capital structure of a portfolio company.
• The Investee controls the timing of disbursement of the
tranches, effectively controlling the dilution; while the
Investor has full control over the conversion of the bonds
into equity, keeping control over its market risk.
• The Conversion occurs at a price that is tracking the
evolution of the share price. The higher the share
price goes the lower the dilution will be at the time
of a conversion.
- The key underlying assumption is that while the company
receives money upfront, it allows them to create added value
that will reflect in the share price thus allowing for lower
(and delayed) dilution crowning good stock performance.
• Warrants are attached to each investment in a
sequential or global basis being disbursed to the
company. The Warrants are priced at premium to
market price thus aligning interests with other
shareholders and acting as a success trigger for
further funding.

9. Long time partners and professional risk managers with diversified background, working to
revolutionize the lagging investment industry in bringing start-up thinking and radical transparency in
investment management.
The team’s idea is to identify not yet recognized, turnaround situations and early-stage private and
public businesses that are of great future potential and to supply the capital they need, when they
need it, to achieve their ambitions. By nature we need to have a complete understanding of a given
business model to help our portfolio companies grow.
Every unique investment proposition passes through an empirically seasoned internal due diligence
and investment process where structuring plays a key role to consider each opportunity with
optimism, while securing our investors interests.
| CORPORATE PRESENTATION9
Meet the Team
INVESTMENT PROCESS

10. | CORPORATE PRESENTATION10
Legal Disclaimer
Alpha Blue Ocean, and other past and present affiliates will be mentioned thereafter as a whole such as Alpha Blue Ocean or ABO.
The information and materials contained herein, including text, graphics, links or other items are provided “as is” and “as available”; ABO does
not warrant the accuracy, adequacy or completeness of this information and materials and expressly disclaims liability for errors or omissions in
this information and materials.
No warranty of any kind, implied, express or statutory, including but not limited to the warranties of non-infringement of third-party
rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information and
materials.
Materials copyrighted by the ABO or owned by any individual or entity are presented here for personal, non-commercial use only.
Documents, content or images contained in this site may not be copied or reproduced in any form without the written permission of
the ABO.
In no event will ABO be liable for any damages, including without limitation direct or indirect, special, incidental or consequential damages,
losses or expenses arising in connection with any failure of performance, error, omission, interruption, defect, delay in operation or
transmission, computer virus or line or system failure, even if ABO, or representation thereof, are advised of the possibility of such damages,
losses or expenses.
Hyperlinks to other Internet resources are at your own risk; the content, accuracy, opinions expressed and other links provided by
these resources are not investigated, verified, monitored or endorsed by ABO.
Nothing in this website/presentation/communication/email constitutes an offer or solicitation to invest in securities of any kind nor does it
constitute any investment advice.

11. contact@alphablueocean.com
www.alphablueocean.com
London Representation:
Floor 2 & 6
25 Hanover Square
London W1S 1JF
United Kingdom
Main Registered Office:
Trident Chambers
Victoria, Mahe

12. Thank you