Narosh (M) Sdn Bhd

INDONESIA

JV PARTNERS IN THE FOLLOWING FOREIGN INVESTMENT COMPANIES INCORPORATED IN INDONESIA (PMA)

1. PT. ACEH RUBBER INDUSTRIES

Joint venture with Hong Kong & Indonesian companies to setup a 3MT/hour TSR Crumb Rubber Factory to process and export SIR 20 in Aceh Province, to support 19,000 ha of smallholders.

INVESTMENT USD 5 MILLION

The Government has agreed to provide a lease on 6,200 ha for 35 years plus 35 years to develop nucleus rubber plantation and support 9,000 ha of smallholders in a rubber replanting program.

ESTIMATED INVESTMENT USD 40 MILLION SPREAD OVER 5 YEARS

2. PT. NUSANTARA RAYA GLOBAL

Joint venture with Hong Kong & Indonesian companies to setup a 15MT/day Cocoa Processing Fermentary in Aceh Province, to support and rehabilitate 3,000 ha of smallholders.

INVESTMENT USD 3.5 MILLION

The Government has agreed to provide a lease on 9,600 ha for 35 years plus 35 years to develop cocoa as nucleus plantations, with socio - economic infrastructure under the Transmigration Ministry of Indonesia.

ESTIMATED INVESTMENT USD 25 MILLION SPREAD OVER 6/7 YEARS

3. PT. ACEH PALMA INDUSTRIES

Joint venture with Hong Kong & Indonesian companies to setup a 45MT/hour Crude Palm Oil in Aceh Province, to support and rehabilitate 15,000 ha of oil palm smallholders, in the transmigration project of the Southern Aceh.

INVESTMENT USD 8 MILLION

The Government has agreed to provide a lease on 33,000 ha for 35 years plus 35 years to develop oil palm as nucleus and smallholder plantations, with socio - economic infrastructure under the Transmigration Ministry of Indonesia. Of the 33,000 ha, 15,000 ha are to developed as nucleus plantations and 18,000 ha as smallholder plantations. Further plans are to expand the mill to 90MT/hour capacity.

ESTIMATED INVESTMENT USD 70 MILLION

All the above projects were founded by Mr. Joseph Kannesan and funded accordingly through Perfect Earth Management. Mr. Joseph Kannesan is the Group C.E.O of all the foreign Investment Companies