CONTACT DETAILS Soheill Sarkoob or Steven Pleace Sterling Trade Finance Ltd 49 Berkeley Square London W1J 5AZ Tel: 020 7878 8934 Fax: 020 7495 2355 Email: soheillsarkoob@sterlingtradefinance.com Web: www.sterlingtradefinance.com

TODAY’S PRESENTATION History and Products Company update Trade sales and mergers in the sector Sterling as a target for Asset Based Lender (ABL) acquisition? Building value and accelerating exit

HISTORY AND PRODUCTS Sterling is a transaction based trade finance company offering three core products Discounting of receivables Purchase only product Combined product Operating in the same space as Asset Based Lenders Targeting UK SME importers and distributors The credit crunch - Bank withdrew facility and was replaced with a creative bond funding instrument via CSS; current total capacity £2.5M. Peak Bond holding £900,000 Credit insurance crunch - Insurers reduced credit limits and withdrew cover on the Purchase only product

HISTORIC FINANCIALS Actual Draft Audited Projection 2009 2010 2011 2012 2013 2014 Turnover £3M £5M £7.1M £11M £11M £14M Gross Profit £169K £186K £330K £463K £465K £542M Overhead £474K £363K £326K £417K £393K £422K Interest payment £98K £98K £160K £184K £106K £90K Operating Profit (£293K) (£153K) (£6K) £63K £72K £120K Profit/Loss (£399K) (£275K) (£245K) (£138K) (£35K) £30K

COMPANY UPDATE Broadening the client base by developing a new funding facility to service the growing e-commerce sector Targeting importers of capital equipment helping to further develop client and introducer base Negotiating credit insurance policy to include cover for the purchase only product Engaged experienced sales & marketing consultant to represent Sterling, based in the north of UK Completed our first deal syndication In negotiations with two banks with regards to providing new funding lines

TRADE SALES AND MERGERS IN THE SECTOR ABFA lists 36 members in 2001 and 40 members in 2013 34 names dropped out of the listing without reducing the overall membership numbers in the same period 16 ABL companies were subject to a buyout or merger Ashley Commercial - Ultimate Finance Cattles Invoice Finance - Aldermore Invoice Finance Charterhouse Commercial Finance - Leumi ABL City Invoice Finance - Venture Finance Plc - ABN AMRO Euro Factor - Credit Agricole Five arrows - GE Commercial Finance Fortis Commercial Finance - BNP Paribas Isis Factors - London Scottish - Hitachi Capital (UK) Plc Liquidity – Santander RDM – SME Invoice Finance – Metro bank TSB – 1st National - Abbey Cashflow - Bibby

STERLING AS A TARGET FOR ABL ACQUISITION Trade finance expertise which is a specialist skill set and cannot be grown organically Sterling’s finance products would increase the ABL’s product portfolio Synergy and added value to existing ABL offering Provide a differentiator enabling the ABL to stand out compared to others within the market Allowing ABL company to compete for clients when in competition with banks Increase ABL’s book size

BUILDING VALUE AND ACCELERATING EXIT Sterling need to increase its lending book and client numbers to at least twice the current size Achieve profitability and distribute dividends Increase access to available capital, preferably through bank funding and building on the success of bond and syndication innovations Further development of product portfolio Increase sales & marketing presence – in particular regional presence by establish regional offices