1. ISABEL DEVELOPMENT COMPANY LIMITED

2. START UP CAPITAL COLLECTION OF FUNDS FROM INDIVIDUALS IN THE RURAL AREAS AROUND ISABEL THESE FUNDS RANGED FROM $1 to $50 PER PERSON AT $1 PER SHARE NO MINIMUM OR MAXIMUM SET ON SHARES PER PERSON IN THE BEGINNING ORIGINAL SHAREHOLDERS WERE MOSLTY MEN & WOMEN IN THE RURAL VILLAGES THE BEGINNING

3. CORPORATED IN 1971 AS A PRIVATE COMPANY 249 SHAREHOLDERS BUNCHED INTO 49 TRUSTEES MONIES COLLECTED FROM THE RURAL PEOPLE WERE USED AS A SECURITY TO SECURE A LOAN FROM THE COMMERCIAL BANKS TO BUY THE FIRST BOAT.

4. FIRST BOAT LIGOMO 1 CONCRETE/TIMBER BOAT BOUGHT BRAND NEW IN 1971/72

5. UNFORTUNATE FATE LIGOMO 1 (FIRST BOAT) SANK WHILE BERTHING AT THE POINT CRUZ MAIN WHARF DURING BAD WEATHER/ROUGH SEAS.

6. REPLACEMENT INSURANCE PAYMENT FOR THE SUNK BOAT LIGOMO II TIMBER BOAT

7. ANOTHER UNFORTUNATE FATE LIGOMO II BURNT DOWN DURING ONE OF ITS TRIPS AT MAKIRA PROVINCE IN 19??

8. SECOND REPLACEMENT ASSISTANCE BY THE SOLOMON ISLANDS GOVERNMENT BOUGHT LIGOMO III WAS LATER SOLD

9. FURTHER ASSISTANCE SOLOMON ISLANDS GOVERNMENT GAVE FURTHER ASSISTANCE OF SBD$1.5M IN 199? PURCHASE OF A PASSENGER BOAT – MV ISABELLA IN 199? PURCHASE OF ANOTHER PASSENGER BOAT MV ESTRELLA IN 199?

10. MV ISABELLA

11. MV ESTRELLA

12. LIMITATION THE TWO PASSENGER BOATS HAVE LIMITED CAPACITY TO LOAD, ESPECIALLY BULK CARGOES BOARD APPROACHED THE SI GOVERNMENT AGAIN TO ASSIST IN GETTING A CARGO BOAT

13. FURTHER ASSISTANCE BY SI GOVT FURTHER ASSISTANCE OF SBD$2M BY THE SI GOVERNMENT IN 2007 SAW THE PURCHASE OF A CARGO BOAT MV ORTEGA

14. MV ORTEGA

15. ADDITIONAL CARGO BOATS WITH ASSISTANCE FROM THE COMMERCIAL BANKS (ANZ BANK) BY WAY OF A LOAN OF SBD$2.1M IN 2012 SAW ANOTHER CARGO BOAT (MV ARNAVON) ADDED TO THE FLEET HAD BIGGER CAPACITY (456 gt) ALMOST TWICE THAT OF ORTEGA

16. MV ARNAVON

17. ADDITIONAL CARGO BOATS CONT’D RECENTLY IN FEBRUARY 2014 TOOK DELIVERY OF ANOTHER BIGGER (665 gt) CARGO/PASSENGER BOAT –MV ONOGOU.

18. MV ONOGOU

19. FUTURE Explore the MSG trade link with our Pacific neighbours Purchase a bigger passenger boat Improve current shipping services and look to servicing new routes Improve profitability for the benefit of shareholders

20. THE END