Presenting the

1
Presentingthe

• Managed by
• Decorum Capital Partners (Pty) Limited
• Portfolio Committee on Minerals Energy,
  Parliament

2
Principal Managers
Arthur Mashiatshidi John Taylor Neil Gardyne
Paul Mwasinga Richard Shead
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Background Motivation

• Mineralisation in the region
• Absence of junior mining culture
• New mining legislation in SA
• Existence of mining systems knowledge
• Favourable investment climate
• Risk mitigation

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Description of NAMF Fund

• Incorporated in SA as a Bewind Trust
• Private Equity Fund
• Providing Risk Capital
• Competitive Return on Capital
• Focusing on Junior Mining Opportunities
• Investing in diversified minerals
• Regional Focus The African Continent

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Framework

• Competitive Returns on Investor Capital
• Fund projects with potential for a high return
• Invest in projects with commercial merit
• Sanlam option to receive capital protection
• Support SA transformation objectives
• Access to funding (non traditional)
• Mitigate risks
• Facilitate access to skills

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Stage of Focus
Focus on opportunities seeking risk capital
Risk Capital (Equity)
Quasi Equity
Debt Finance
Production
DecreasingRisk
Harvest
Value Curve
Increasing Project Value
IPO
MBO
NAMF FOCUS
Etc.
Project Stages
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Salient Terms
Finite life of 10 Years Draw-Down Basis 6 Year
Commitment Period Rand Denominated Optional
Capital Protection
Aim to raise between R1 billion and R2 billion of
commitments
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Corporate Governance

• Board of Trustees
• Reputable business and mining leaders
• Responsible for setting policy direction
• Investment Committee
• Balance between investors and trustees
• Significant investor representation
• Responsible for final investment approval
• Conflicts committee
• Actively address opportunities for conflicts

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Investors

• ABSA Corporate Merchant Bank
• BHP Billiton Limited
• Development Bank of Southern Africa
• Gold Fields Limited
• Harmony Gold Mining Limited
• Industrial Development Corporation
• International Finance Corporation
• Kumba Resources Limited

In Excess of R 460 million already committed
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Participation Options

• Sanlam Investment Management (SIM)
• 2nd Largest Asset Manager in Africa
• Manages gt R 200 billion in assets
• Optional Up to R1 Billion Capital Guarantee

New Investors
SIM Fund of Funds
Current Investors
New Africa Mining Fund
Other Fund
Other Fund
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Challenges/

• Skills and Expertise
• Technical
• Financial
• Managerial
• Operational
• Expectations
• Regulatory
• Commercial / BEE
• Royalties
• Beneficiation

Mentor Group
No Resources
Structured Incentives
Flow Through Shares
Access to Financial Markets
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• Contact Details
• Arthur 27 82 560 0469