This document summarizes an opportunity to acquire shares in an established 4,700 hectare game conservancy located in Limpopo Province, South Africa. The conservancy has existed for over 25 years and is bordered by the Limpopo River and a 40,000 hectare nature reserve. Two investors now have the opportunity to join other shareholders and acquire a stake in the conservancy, which would provide access to the unique and pristine wilderness area as well as two camps along the Nzhelele River for recreational use. The conservancy supports a variety of wildlife and is professionally managed for conservation purposes while also generating income through controlled hunting and game sales.

1. S H A R E F O R S A L E I N E S TA B L I S H E D G A M E FA R M L O C AT E D I N L I M P O P O
P ROV I N C E , S O U T H A F R I C A
R1.5 mi!ion or €115,000
This is a unique opportunity to acquire a share in a well-established game
conservancy in the Limpopo Province of South Africa. The conservancy has
been successfully operating for over 25 years . This stunning 4 700 ha private
farm is located on the banks of the Limpopo River and shares three common
boundaries with the pristine 45000 ha Maramani Nature Reserve, in an area of
outstanding natural beauty.
Two investors now have the opportunity to join a small and limited number of
shareholders in the company which holds title to the conservancy's land,
including the game and various bush camps located on the property. This is a
rare opportunity for like-minded investors to join a group of individuals who share
a passion for the African bushveld, and to acquire a stake in a unique and
pristine wilderness area in South Africa.

2. L O C AT I O N & H A B I TAT
Situated in the most North Eastern corner of the Limpopo Province, bordering the renowned
Limpopo River and comprising more than 14 kilometers of Nzhelele river frontage, this pristine
conservancy comes with an abundance of birds, wild game animals and endemic tree species.
Located at: S22 21.707; E030 20.807
Refer : SG 1:50 000 Map 2230 AD Esmefour and SG
1:250 000 Map 2230 Musina
Located north of the Soutpansberg mountain range
in the Limpopo Province of South Africa, 40km east
T O P O G R A P H Y!
The topography of the conservancy area consists mostly of mixed
woodland over undulating terrain. Characteristic are the sandstone
formations, dry riverbeds, as well as the iconic Baobab tree and
riverine forest along the banks of the Limpopo and Nzhelele, which
forms a scenic backdrop to a rich variety of fauna.
Sundowners in the Limpopo
of Musina on the border with Zimbabwe, the
conservancy of 4 678 hectares is bordered by the
Nzhelele River, which is one of the Limpopo’s
tributaries, the Limpopo River itself, and the 45 000
hectare Maremani Nature Reserve. The main
thatched camp is situated on the banks of the
Nzhelele. A map is appended.
The conservancy is situated close to two unique
On the pontoon in #ont of Malubi
camp
View of the njelele river across
#om shongololo camp
Typical dry river bed
The conservancy boasts a
proliferation of baobab trees
Endless views #om the hide at
sunset rocks
WILDLIFE
The conservancy is well stocked with numerous plains game, such as
giraffe, zebra, wildebeest, eland, gemsbok and various other antelope
species, including the endemic Nyala; as well as naturally occurring
predators, such as leopards, hyenas and jackals. The reserve has an
exceptional population of leopards which are tracked regularly by
means of web cam trail cameras. Birders can tick off 250 species,
including Pels Fishing Owl and the Crested Guineafowl.
areas, namely the Great Limpopo Transfrontier Park
(incorporating South Africa's Kruger National Park,
located only 60km away) and the Soutpansberg
mountain range. Archaeological heritage sites in close
proximity include the Mapungubwe National Park.
C O N S E R VA T I O N
Veld condition is carefully monitored and has been since the
conservancy’s inception to ensure the land’s carrying capacity is
optimised and that the unique environment is preserved.

3. G A M E & C O N S E R VA N C Y M A N A G E M E N T
The conservancy is fully game-fenced. The wildlife population and land carrying capacity is professionally and strictly controlled. In order to ensure
carrying capacities are optimized, an annual aerial game count is conducted in October. The reserve reached 1512 head during 2013.
O V E R V I E W!
GAME COUNT
The holding company and its
Cats
Leopard, Brown Hyena, Bat eared Fox, Civets and Servals
subsidiaries own land in excess of 4600
ha together with game valued in excess
of R8million. The game population
recorded in the October 2013 count was
1229 head.;214 head were captured and
General game
Jackal, Wildebeest, Elephant, Giraffe, Ostrich, Warthog, Zebra
Buck / Antelope
Nyala, Waterbuck, Impala, Gemsbuck, Bushbuck, Duiker, Eland,
Klipspringer, Kudu, Steenbok,
Leopard
The conservancy operation is managed
on a day to day basis by a reserve
manager under the supervision of the
board. He is responsible for game
management, perimeter fence
Zebra
Mongoose
sold in September;69 head hunted in
2013; making the total population for
2013 1512. Each existing shareholder
owns shares in the conservancy
representing his/her share of the game.
Kudu
Eland
Nyala bu!
maintenance, and management of staff.
He also oversees a limited amount of
hunting by professional hunters which
assists in defraying management costs.
Shareholders are preferentially allocated
a small number of the annual total
hunting quota, charged at hunting
operator rates.
!
Game Count 2013 Incl. nocturnal water hole trail camera recordings

4. CAMPS
C A M P S & I N F R A S T RU C T U R E
Shareholders are currently granted access to two of
the lodges for one fifteenth of the year each,
allocated in weekly slots. Unused weeks are open to
Go down to the banks of the great grey-green, greasy Limpopo river, a! set about with fever-trees
~ R.Kipling
all shareholders on a first come first served basis.
One of the camps is the original rather basic farm
A C C E S S I B I L I T Y!
house and the second is a lovely rustic thatched
The conservancy is accessible on dirt roads by car, but a 4x4 is
bushlodge ‘Malubi’. Both camps are serviced and
have four bedrooms, four bathrooms. Malubi
features an outdoor victorian bath with views over
required to move across the property on game drives. Leisure
quad- and off road motor biking is not allowed. There is a 1 KM
good gravel airstrip on the farm which is used by a number of the
shareholders throughout the year.
Malubi camp
Swimming pool at Shongololo
Hide at central waterhole
One of the privately owned
shareholder vehicles
Pontooning on the dam
Main lodge at Shongololo
the river. Both these lodges are nestled under
magnificent Mashatu trees on the banks of the
Nzhelele river from where you can explore the
secrets of the bush. The camps often echo with the
cries of fish eagles, crocodiles bask on the rocks
and sandbanks along the river channels in front of
INFRASTRUCTURE
The property is game fenced with a high voltage electric fence.
All camps are supplied with water and electricity. The
conservancy maintains an extensive water reticulation system –
pipelines; pumps; reservoirs; etc. to supply water to the game
throughout the year.
the lodges, and the bird life is spectacular. You
have the privilege and freedom of a game reserve
owner while at the same time enjoying the
ACTIVITIE S
responsibility for preserving this wilderness.
The property boasts waterholes, hides and direct access to the
Limpopo river bed - ideal for sundowners for braais / bbqs and
In addition to these two camps, there are currently
bush-breakfasts! Prior to the 2013 floods, the conservancy
boasted three beautiful dams on the Nzhelele River. It is the
firm intention of shareholders to re-erect these dams so
pontooning on the dam for bird watching and sundowners can
resume.The conservancy features 100‘s of km of 4x4 tracks
three other private shareholder camps on the farm.
New shareholders onboarded during 2014 could
apply to build their own private camp on the
property.
available for game viewing and hiking. GPS required. Each
shareholder owns and maintains their own vehicle.

5. S T R AT E G I C D I R E C T I O N &
P RO S P E C T S
C O N S E R VA N C Y P R I VA C Y
ASSETS, INCOME & LEVIES
In accordance with global conservation
Due in part to its remote location and the
The principal assets of the company, being its
trends, the conservancy is committed to
small number of shareholders, the
land, is valued at R25.9 million, excluding
expanding through land partnerships, to
conservancy is incredibly private and has very
game and improvements, which extend to
ensure sustainability.
low utlisation rates. To ensure that the farm
camps and infrastructure (electric fencing;
retains its privacy and exclusiveness,
water reticulation system – pipelines; pumps;
shareholders have agreed to restrict the
reservoirs; etc.).
Having successfully managed such a joint
venture for over a decade together with an
international conservation foundation, the
company is in the process of negotiating the
establishment of a 10 000 hectare
number of camps on the property. Syndicated
ownership is not encouraged and requires
prior disclosure and approval.
conservancy with its new neighbours,
Visitation rights are carefully controlled, the
following the change of ownership.
number of persons permitted to overnight in
The commercial potential of the conservancy
remains under-exploited, and the directors of
the company have conceived of a vision and
any camp is limited to 8, and there is a
restriction on the number of vehicles allowed
per camp.
In accordance with accepted land
management practices, surplus game provides
the conservancy with its primary source of
revenue.
Net proceeds from game capture and sale and
controlled trophy hunting, per annual quotas,
determined by the conservation committee,
in consultation with appointed external
formulated a strategic plan that endeavours to
conservation experts, have historically been
generate more income from the land, while
supplemented by shareholder levies of R3000
fundamentally preserving the low utilisation
per month per shareholder.
rates and integrity of the virgin wilderness of
which they are privileged custodians.
No other trading activities such as tourist
lodge operations and farming operations are
conducted on the farm.
The purchase (price and quantum) of shares
by new shareholders is currently set at
R1.5Mn per share. More information is
available on request.

6. C O N S E R VA N C Y M A P
The green boundary of the area south of the Limpopo River denotes the Maremani Reserve. The conservancy boundary is demarcated in grey & in
blue along the Nzhelele River.
CURABITUR LABORE:
An opportunity to acquire a share in a well-established game conservancy in the Limpopo Province of South Africa. The
conservancy, of approximately 4 700 hectares, bordered by the Limpopo River and a 40 000 hectare proclaimed nature
reserve, in an area of outstanding natural beauty, has been in existence for over twenty years. A block of five shares, accounting
for a third of the company equity, has become available, representing an opportunity for investors to acquire a stake in a unique
and pristine wilderness area in South Africa.

8. Tiny Barnetson (Chair)
+27 (0)82 578 3534
tbarnetson@prueleith.co.za
Kerry Meyers, (Legal)
+(44) 75 642 26432
kerryliebenberg@gmail.com
Ken Liebenberg (Reserve Manager)
+27 (0)15 534 7948 / (0)72 375 6239
ken.liebenberg@telkomsa.net
Lauren Southworth (Conservation)
+27 (83) 3274784
lauren.l@mweb.co.za