1. Latileta Qoro Chief Executive Officer Presentation - Nadi Chamber of Commerce & Industry Business Forum 25 th October,2015.

2. Disclaimer The information provided in this presentation is for general purposes only and is not intended to provide investing, tax, business, financial or legal advice to any individual or entity. This information has been prepared by the South Pacific Stock Exchange and is provided in good faith and is derived from sources believed to be accurate and reliable at the time of presentation. Financial, legal and other expert advice from competent professionals should be sought.

3. Outline SPSE – What do we do? Market Players – Who are they? Investors: Investment Options Current Market Returns Issuers Listing Requirements

4. 4 SPSE - Overview 17 listed companies 18 listed securities 18,778 resident investors 573 non- resident. 4 securities boards Main Board Restricted Board Fixed Interest Securities Board Bonds SPSE Regulate – investors/issuers Develop 7 Staff Electronic Trading Central ShareRegistry Ltd Funded by various Fees and Government grant 8 member Board Licensed & Regulated by RBF Clients – Investors and Issuers

5. 5 Market Players 10 Investment Advisory Firms/Individuals

6. INVESTORS (Savers) 6 What does Fiji’s Stock Market Offer?

7. Investment Benefits: Tax-free dividends for residents & Non-residents No CGT on gains made Supplements retirement income (superannuation) Good hedge against inflation Tradability - a ready market available Expert advice available from licensed stockbrokers Regulated – SPSE & RBF 7 INVESTMENT OPTIONS  Shares & Convertible Notes (i) Yield/Income Securities (ii) Growth Securities Investors – Options & Benefits?

8. 8 Market Returns Average Total Return (TAX FREE) – 10.5% (6.4% capital growth, 4.1% dividend) Inflation: 1.5%Average Fixed Income Rate: 1-3.5%Viti Bonds: 4-5% Security Security Prices Capital Growth (%) Income Yield (%) Total Market Return (%) Sep-15Dec-14 APP0.900.7028.6%4.4%33.0% ATH1.080.9711.3%8.3%19.7% CFM4.134.100.7%3.1%3.9% FFF0.79 0.0% FIL0.720.6314.3%5.6%19.8% FMF0.680.637.9%1.8%9.7% FTV2.402.304.3%0.0%4.3% KGF0.410.3036.7%0.0%36.7% PBF11.0510.0110.4%0.5%10.8% PBP1.00 0.0%3.0% PGI1.002.00-50.0%6.0%-44.0% RBG3.032.837.1%4.6%11.7% RCF3.552.9022.4%7.0%29.5% TTS3.05 0.0%3.3% VBH3.303.164.4%4.2%8.7% FHL4.053.5015.7%5.4%21.1% BCN7.127.080.6%9.2%9.8% FFFN1.02 0.0%7.4% AVERAGE6.4%4.1%10.5%

9. ISSUERS/COMPANIES 9 What does Fiji’s Stock Market Offer?

10. 10 What can companies gain? Capital Raising Platform Exit Strategy Corporate Discipline (Reporting, Governance) Tax Savings/IncentivesElevate Profile

11. 11 More on Incentives… Tax 10% Corporate tax CGT Exemption - Restructure No Dividend WHT - non- resident Tax free Dividend – Resident 150% deduction

12. 12 FREQUENT ASKED QUESTIONS Why no listing? What can you list? Outlook? Incentives - Application v. Implementation S11 of ITA - RB Patel Case Cash is ‘cheap’ Parent; Subsidiary; or Set-up separate company STRONG BUY preference ; Further Capital Gain expected.

13. The Immediate Future 13 Rebranding Cloud-based Shareholder Registry Corporate Investor Education Sessions (FoC) National Listing Forum 1 Listing Regional Expansion (Dual Listing etc)

14. 14

15. Where can you obtain further Information? 15 Contact Brokers Kontiki Stockbroking Ltd (KSB) Tel No : 3307 284 Email: broking@kontiki.com.fj FijiStock Brokers Ltd (FSB) Tel No : 3304 675 Email: mail@fijistockbrokers.com.fj FHL Stockbrokers Ltd (FHS) Tel No : 3307 025 Email: fhls@fijianholdings.com.fj SPSE website: www.spse.com.fj Tel No : 3304 130 Email: info@spse.com.fj

16. 16 MAJOR REQUIREMENTS Public Company>$1m Market Cap3 Years OperationsAudited FS - recent 3 years20% Public Shareholding AoA Fit & Proper Board Substantially same Management Prospectus

17. 17 Sectoral Representations