1. ZEN-NOH Overview Global Trade Exchange Sep 10, 2015

2. Content What is ZEN-NOH ZEN-NOH’s Mission Feed Market in Japan ZEN-NOH Grain and CGB Our Next Step

3. What is ZEN-NOH? ZEN-NOH is one of four in JA Group. ZEN-NOH is responsible for the marketing and supply business of the JA Group. ZEN-NOH is established in March 30, 1972. Membership: 1,032 cooperative unions Capitalization: 115.2759 billion yen (as of August 1, 2014). Employees: 8,221 (as of August 1, 2014)

4. JA Group Structure

5. ZEN-NOH BUSINESS FIELDS FY 2013, Million $ 8,170 10,541 11,421 9,405 11,314 50,852 64,364

6. FEED SUPPLY CHAIN R&D Feed Origination in USA MARKETING PRODUCTS ZEN-NOH Feed & Livestock Business ConsumersRetailers ZEN-NOH Chicken Foods corp. ZEN-NOH Egg corp. ZEN-NOH Meat foods corp. Megmilk Snow Brand Livestock Farmers Central Research Center Institute of Animal Health Embryo Transfer Center CGB: Grain Origination ZEN-NOH Grain Corp Grain Export Facility Wheat/Barley Origination US/Canada/Australia CZL Zen-Noh International ZHI: Hay Origination Zen-Noh Silo Corp.(8 silos) Zen-Noh Feed Mills (26mills) Feed Production 7.2MMT/yr Chartering 170 Vessels

7. ZEN-NOH’s Mission Linking producers to consumers, with an emphasis on safety and security. Supply the true richness of life, that is, safety and security, to consumers through food has grown increasingly important. It accounts for a major share of food production and supply in Japan, the ZEN-NOH Group will continue to devote itself to fulfilling this purpose.

8. Feed Market in Japan Total Production : 24.5 Mil MT ZENNOH : 7.2 Mil MT (No.1 Market share 30% ) Ingredients for Compound Feed (FY2013) Total 24.5Mil MT * Kyodo and Nippon Formula Feed combined operations in 2014.

9. ZEN-NOH Grain Corporation Established in 1979 Owned by ZEN-NOH and JA group Located at New Orleans, Louisiana. Handling volume : 13mil MT annually A Largest handling volume elevator in US ZGC office ZGC Elevator at Convent, Louisiana

10. CGB Enterprise Inc. CGB is acquired by ZEN-NOH and Itochu in 1988. About 90 country/river elevators in Mid west. Handling volume is 16mil MT annually Most of CGB grains are shipped to ZGC CGB Naples

12. ZEN-NOH Overseas Network London

13. Our Next Step Exporting Japanese beef( Wagyu ex. Kobe beef) Operate Japanese style Barbecue restaurant. >Beverly Hills: “Shiki Beverly Hills” Address : 410 North Canon Drive Beverly Hills CA90210 >Singapore: “ 純（ Pure ） ” >Singapore: “Takumi Kacho” >London: “Tokimeite” Address : 23 Conduit Street, London W1S 2XS UK

14. Present Beef export results from Japan 14 ✔ UAE : 0.8mt (share 20%) ✔ Qatar : 2.3mt (share 100%) ✔ EU : 19.2mt (share 24%) Beef export from Japan to EU has started from Jun 2014. ✔ USA : 76.6mt (share 50%) ✔ Canada : 3.0mt (share 32%) ✔ Mexico : 1.5mt (share 100%) ✔ Singapore : 28.3mt (share 20%) ✔ Thailand : 18.1mt (share 23%) ✔ Vietnam : 0.5mt (share 3%) ✔ Philippines : 0.3mt (share 49%) ✔ China : Not yet opened ✔ Hong Kong : 73.8mt (share 17%) ✔ Macao : 1.6mt (share 3%)

15. Thank you for your attention !