02 PHOENIX 2019 ©

Phoenix Precious Metals DMCC (PPM) was formed in 2015 by Yacoub Sidya, a veteran within the precious minerals industry. PPM acts as a holding company for multiple organisations which he has founded around the world. Headquartered in Dubai, United Arab Emirates, PPM has grown into one of the leading gold security, trading, exploration and extraction companies in the region.

Having commenced as a security provider to the gold industry in 2005, MSS Security has grown to become the leading provider of specialist high value security and transport services and is now in West Africa, the largest subcontractor to Brinks as well as the largest transporter of gold to Metalor.

A logical transition was made into gold trading and subsequently gold exploration under the Phoenix Precious Metals brand. This is a refl ection of their core values of integrity and trust demonstrated by a client base spanning from Central Banks and Blue Chip Companies to Major Multinational Charities.

About Phoenix Precious Metals

Largest subcontractor

to Brinks in West Africa

Transport 75% of the gold that Metalor refi ne

from the region

Transport 75% of the gold that

leaves West Africa

690,000 Oz.

Proven gold reserves in our mining

contracts and permits

6

Billion dollars of gold

transported in 2018 for Brinks

Circa 350,000 Oz.

Gold traded in 2018

8

Offi ces around the world

450,000,000

USD audited revenue 2018

12

Gold exploration permits

15

Group companies

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PPM In Numbers

3,000+

Employees worldwide

Our Clients Just a selection of corporate clients that entrust PPM DMCC group companies.

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�

05 PHOENIX 2019 ©

Management Team

Yacoub Sidya, Chief Executive Offi cer Yacoub is the founder of the Phoenix Group. Yacoub is able to achieve the perfect balance between developing communities in Africa and the mining industry, through job creation via his business ventures. Yacoub is a US graduate in business management from the Northern Kentucky University. As a highly respected leader with a clear, focused direction, he has seen notable results throughout his career. The highlights that stand out for Yacoub are his role in starting up YTelecom and Mauritanian Security Services – both entities saw signifi cant growth with Yacoub’s leadership.

Norman Richard Bailie, Technical Expert Norman is an experienced Chartered Professional Geologist with a career spanning in excess of 28 years in the industry. Norman completed a BSC in Geology and an MSC which was completed through the University of Leicester. Norman has worked at a senior management level for 28 years, with positions in junior explorers, major and mid-tier mining companies and independent consultancies working on mine-based and remote location projects.

Muhammed Aslam Sooltangos, Chief Financial Offi cer Aslam is the CFO of the Phoenix Group and runner up in the 2018 MENA Awards in the Emerging CFO Category. Aslam is a Fellow of The Association of Chartered Certifi ed Accountants. He has extensive international working experience in the areas of accounting and fi nancial management, strategic planning, business development, organisational turnaround, cross border acquisitions, new country entry, mergers and acquisitions (M&A) and due diligence.

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Hedge against money printing policies

Safe haven in times of geopolitical, economic and fi nancial turmoil

Limited supply. Increasing demand

Hedge against infl ation and defl ation

Portfolio diversifi cation & protection

Store of value

Commonly known as a store of wealth, a hedge in times of economic uncertainty and what was at one time the pillar of our monetary system. Gold is generally viewed as one of the most secure and safe assets one can hold. This is demonstrated by its use amongst fi nancial professionals, banks, governments and institutions as a hedge within their portfolios.

Previously unavailable to off takers, PPM has brought forward a unique and simple way to take advantage of the what the gold market has to off er.

Physical Gold

Why Hold Physical Gold

Central Bank Gold Demand On The RiseCentral Banks globally are stockpiling physical gold as a hedge against economic uncertainty and volatility within traditional asset classes. With many of the worlds top analysts predicting a forthcoming economic correction, Central Banks are on a gold buying spree demonstrated by the fact that they have nearly doubled their holdings within the last 12 months.

A case for purchasing and holding gold over the coming years has clearly been made, the way to hold that gold has been made more transparent, safer and potentially far more rewarding by PPM’s 24 Month Discounted Gold Off take.

PHOENIX 2019 ©07

Gold Purchases By Central Banks

Gold Reserves Of Largest Gold Holding Countries Worldwide As Of June 2019 (In Metric Tons)

Source: World Gold Council Source: IMF ©Statista 2019 Additional InformationWorldwide: IMF June 2019

2013 2015 2017 2019

240

251.1

180

120

60

0Belgium* 227.4

323.07

618.17

268.84

375.34

765.22

279.99

382.5

1 040.01

281.6

423.63

310.29

612.46

506.91

3 367.95

8 133.53

0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000

Taiwan*

United Kingdom

Japan

France*

Lebanon

Turkey

Saudi Arabia*

Switzerland

Italy

Austria*

Netherlands*

Kazakhstan

China*

Germany*

Spain

India*

Portugal*

Russia

United States*

2 451.85

2 436.06

2 207.01

1 916.29

PPM DMCC is proud to off er a unique Discounted Gold Off take (DGO) opportunity.

At PPM we are fi nance and gold experts. We have created an off take centred around the purchase of physical gold. The DGO allows you to maximise your purchase by taking advantage of gold price increases. Upside potential is not only attached to your initial purchase (as with traditional gold purchasing) but also to your monthly return, hence the discount.

The PPM DGO can also be seen as a bonus, production share or production return. The return is of 1 Oz. of physical 99.99% 24KT gold per month for the off take period on every 100,000 USD off take purchased.

One of our experts would be happy to explain in more detail.

Key Highlights

One Choice. Two Opportunities

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Wealth preservation Potential capital

appreciation

Self hedging Monthly principal

purchase

repayments

Monthly

return

Inversely correlated

to traditional

asset classes

Enhanced returns

correlated to

the price of gold

Repayment

At a purchase of 100,000 USD with a purchase

price of 1500 USD per Oz. you would receive

66.67 Oz. of gold. This will be delivered to your

preferred location over 24 equal monthly

repayments.

The PPM DMCC 24 Month Discounted Gold Off take minimum purchase is 50,000 USD with additional increments of 50,000 USD. * The discount refl ected in the example outlined above is based on the assumption of an entry gold price of 1500 USD/Oz.

The percentage of the discount can go up or down based on the gold price at the time.

Return

Every 100,000 USD = 1 Oz. of physical gold

per month for the term of the off take.

Alongside your purchase repayments you

would also receive 1 Oz. of physical gold as a

monthly return over the fi xed term.

In total you would receive 24 Oz. of gold as

your return over the fi xed term.

A Simple Off take

Purchase

Purchase 50,000 USD (or multiples thereof)

of the PPM Discounted Gold Off take. Your

purchase will be divided and delivered in 24

equal monthly payments along with your

monthly return over the fi xed term.

All gold is certifi ed 99.99% 24KT gold and

comes with a certifi cate of purity (Assay

Card).

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+Over the 24 month term you would receive 90.67 Oz. of gold for the purchase price of 66.67 Oz. of gold. This means you would

achieve an overall gold price of 1,102.90 USD/Oz. This is equivalent to a 26% discount* on the price of gold when compared

to the original entry price of 1500 USD/Oz.Total

496 USD

Cost Per Oz. At Our Mines

Extraction Costs of Mines

Lowest Cost Gold Mines - 2018

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Transparency And SimplicityAt PPM we believe in transparency and simplicity. Gold does not cost the quoted market price to extract from the ground. PPM have an extraction cost of 496 USD per Oz. all inclusive.

This allows us to pay you in physical gold which is valued by the LBMA gold price. This in turn creates an opportunity for you as an off taker and a cost of capital arbitrage for PPM as a company. In essence, this allows off takers to receive a potential uplift on their purchase. This methodology also allows PPM a signifi cant cost reduction in comparison to traditional routes of fi nancing.

Our transaction is simple with security measures in place to protect your purchase.

Blagodatnoye Polyus 547 520 5 416

Moose River Atlantic Gold 564 n/a n/a 91

9

10

Cerro Negro Goldcorp 535 684 -22 4898

Fekola B2Gold 533 n/a n/a 4397

Long Canyon Newmont 505 364 39 1706

South Arturo Barrick 478 531 36 215

Voro Polymetal 477 532 -10 1064

Olimpiada Polyus 468 533 -12 1,3223

Fosterville Kirkland Lake 442 491 -10 3562

Svetloye Polymetal 425 426 -1 1351

MINE COUNTRY MAJOR OWNER 2018 AISC, $/Oz. 2017 AISC, $/Oz. % CHANGE Y/Y 2018 PROD. KOZ

Source: https://www.mining.com/ranked-top-10-lowest-cost-gold-mines-globe/

The DGO. An Attractive Proposition For PPM And Our Off takers The DGO allows PPM a cost eff ective source of capital. PPM are passing on a portion of the arbitrage gain from our cost of mining each Oz. of gold and the market price. Simply put, PPM receives capital from off takers today and in return for the prepayment of the gold, PPM will pay off takers an additional 1 Oz. of gold per month, per 100,000 USD. Off takers receive more gold for their dollars and PPM receive capital to expand our mining operations today.

Below is an example at an entry gold price of 1500 USD/Oz. The transaction creates value for our off takers and reduces our costs. In short it is a simple ”win/win” scenario

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+Purchased Gold Amount

66.67 Oz.

TOTAL COST TO PPM

66.67 + 24 = 90.67 Oz.90.67 Oz. x 496 USD

=

44,972.32 USD

Return Over 24 Month Term24 Oz.

=

COST TO OFFTAKER

66.67 + 24 = 90.67 Oz.For

100,000 USD

100,000 USD/1500 USD/Oz. = 66.67 Oz.+

1 Oz. Per Month = 24 Oz.

Gold prices are subject to market fl uctuations and all calculations for off takes will be calculated at the time of funds clearing with PPM DMCC. All fi nancial models can be updated to represent the actual gold price at the time of trade. PPM DMCC cannot predict the future price of gold and off er no advice to the future price of gold nor any representation or warranties. PPM DMCC off ers an off take correlated to the purchase of physical gold. All returns related to off takes are paid in a pre-agreed amount of physical gold in ounces. Off takers will receive physical gold, the value of which is subject to market fl uctuations and the value of your returns may go up or down in line with the LBMA quoted gold price.

WINWIN

Simple and UnrivaledBased on the price of gold at varying transaction points during the term, the anticipated percentage return to off takers is between 12-18% per annum in addition to the potential capital appreciation of your principal purchase.

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Example:To the right we have a purchase and return repayment timeline based on on a purchase of 100,000 USD with an Average LBMA gold price of 1500 USD.

PPM gives a 1Oz. per month return for 24 months per 100,000 USD purchased.

All gold is physically delivered to you on a monthly basis or stored in an independent vault.

Receive your gold

Sell your gold

Store your gold

Month % Of Purchase Returned

Total 99.99% 24KT Gold

Purchase Amount

Monthly Return

Monthly Return In %

1 4.17% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

2 8.33% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

3 12.50% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

4 16.67% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

5 20.83% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

6 25.00% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

7 29.17% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

8 33.33% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

9 37.50% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

10 41.67% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

11 45.83% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

12 50.00% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

13 54.17% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

14 58.33% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

15 62.50% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

16 66.67% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

17 70.83% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

18 75.00% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

19 79.17% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

20 83.33% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

21 87.50% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

22 91.67% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

23 95.83% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

24 100% 3.778 Oz. 2.778 Oz. 1 Oz. 1.5%

TOTALS 90.672 Oz. 66.672 Oz. 24 Oz.= +

Security. Over And Above.

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At PPM security is more than what we do. We ensure that everything we do starts and ends with security. The PPM Discounted Gold Off take (DGO) has been created with security, transparency and simplicity in mind. PPM has built many layers of security in to the DGO.

- PPM DMCC has pledged 100% of its shares to an independent third party security trustee until it’s contractual obligations for the PPM DGO have been fulfi lled

- All gold insurance is underwitten by Lloyds of London

- All gold is securily transported via Brinks

- Internationally recognized refi ned and certifi ed gold by Metalor

- PPM DMCC will issue security cheques to be held in escrow against every off take

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Insurance Transport Certifi cationSecurity Trustee Security Cheque

The PPM DGO is a fully secure, asset backed discounted gold off take structured under the laws of the United Arab Emirates. 100% of the shares of PPM (Phoenix Precious Metals DMCC) have been pledged to Intertrust Trustees.

Intertrust Group (incorporated as Intertrust N.V.) is a publicly traded international trust and corporate management company based in Amsterdam, Netherlands. The company is best known for its fi duciary services, which includes tax, trust, business management and outsourcing processes.

Intertrust’s origins date back to the incorporation of NV Trust Corporation Pierson, Heldring & Pierson in 1952.

Intertrust has locations in North America, South America, Europe, Asia and the Middle East, Intertrust’s clients include 60% of the top 10 of the Fortune Global 500, and thirty out of the world’s fi fty largest private equity funds.

What security have we pledged?

Security Trustee

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100% of the shares

of our global

holding company

90,000 Oz. below

ground proven

reserves

13 mining

licenses

8 debt free

profi table

companies

24 million

USD worth

of assets

Gold Insurance From the moment your gold leaves the ground, it is fully insured by Lloyds of

London, the worlds leading supplier of commercial and specialist insurance. You

will be insured against full loss, damage, fi re and theft. This includes both in transit

and in storage.

In 10 years PPM has never lost a single Oz. of gold whilst having shipped 75% of

the gold that comes out of West Africa.

Nevertheless, better to be safe than sorry and our history is ingrained with a

security fi rst ethos.

Should you prefer not to use Brinks’ storage facilities and wish to insure your gold

when it arrives to you, please contact one of our team who can assist you with the

process.

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Delivery And Storage Of Your Gold Brinks have entrusted PPM group companies to transport over 30 billion USD of gold bullion out of Africa over the last ten years and continue to do so.

An account will be set up in your name with you as the sole custodian at the Brinks vault in Switzerland or HK. As a client, Brinks will ensure that all of your gold is either stored or delivered to you on a monthly basis. You will receive principal purchase repayment and return in the form of gold each month. This will of course be fully insured.

We will handle the entire administration process and a monthly statement will be sent directly to you by Brinks to verify your gold holdings:

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You are the custodian of your gold

Brinks issue amonthly account

statement

The gold is yours. Hold itor sell it

Your gold is fullyinsured whilst in

the vault

Gold Certifi cation Metalor is the worlds leading gold refi nery, a partner of the LBMA and a world renowned gold refi nery.

All of the gold supplied to you is processed and refi ned by Metalor as certifi ed 99.99% 24KT gold bullion.

Every ounce of gold supplied to you comes with a Metalor Certifi cate of Purity (Assay Card) and can be sold within minutes back to Metalor through our off take agreement.

As a customer of PPM you will be given priority commission rates on trades to convert your gold into cash. Alternatively with the Metalor Assay Card, you have the ability to sell it anywhere in the world with complete peace of mind in minutes.

All of our gold is:

PHOENIX 2019 ©17

Tradable through PPM DMCC for a 1.5%

transaction fee

LBMA approved Refi ned by MetalorCertifi ed 99.99% 24KT gold

Cheque SecurityIn addition to pledging the shares of PPM DMCC to a security trustee as collateral for the DGO, PPM will also issue a security cheque against every off take to be held in escrow. In the highly unlikely scenario that PPM should not be able to fulfi l its obligations as per the terms and conditions of the PPM DGO, the escrow is authorised to cash the cheques for the remaining USD equivalent balance of each off take.

Benefi ts of cheque security in the UAE:

- Primary creditor positioning - Highly enforceable under UAE law - Transparent - Legally binding and once issued, all amounts must be paid by law - A bounced cheque carries a 12% fi xed interest by law from the date it bounced until the date it is issued

PHOENIX 2019 ©18

Step 2

Make payment for your purchase.

On funds clearing we will calculate the

exact amount of Oz. gold equivalent of

your purchase based on the days LBMA

market price.

Step 3Your monthly return and purchase gold

payments will be delivered to the address specifi ed in the account opening form

or stored in a secure vault. The choice is yours.

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Purchase Process

Step 1Sign up to the PPM DGO by fi lling in the

relevant forms and submitting the required KYC documents to us.

20 PHOENIX 2019 ©

What Is The PPM Discounted Gold Off take (DGO)?The PPM DGO is a 25,000,000 USD fully secured, asset backed, Discounted Gold Off take sold by Phoenix Precious Metals DMCC.

Q. What is the discount?A. The PPM DGO gives a discount or also can be seen as a bonus, production share, or production return. The return is of 1 Oz. of physical 99.99% 24KT gold per month for the off take period on every 100,000 USD purchased.

As an example: a purchase of the PPM DGO at an LBMA gold price entry of 1500 USD equals a total 90.67 Oz. over 2 years including the return. If we divide the purchase amount of 100,000 USD/90.67 Oz. we have a gold price of 1,102.90 USD/Oz. This is equivalent to a 26.47% percent discount on the price of gold in comparison with the entry price of 1500 USD/Oz.

Q. What is the term of the off take?A. The PPM DGO is a 24 month off take agreement.

Q. How does the PPM DGO work?A. We take your purchase amount and divide it by the days LBMA price upon funds clearing to determine your purchase quantity. We then send you your purchase quantity and your return over 24 monthly equal payments.

Your gold will be sent to a secured vault under your custodianship. You can choose to keep this gold in the vault, sell it or have it delivered to your home.

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Glossary

PPM – Phoenix Precious Metals

DMCC – Dubai Multi Commodities Centre (www.dmcc.ae)

DGO – 24 Month Discounted Gold Off take

LBMA – London Bullion Markets Association (www.lbma.org.uk)

KT – Karat (24 KT being the most pure form of gold)

Assay – Analysis designed to measure and test the composition in precious metals, specifi cally silver and gold.

KYC – Know Your Client

DIFC-LCIA – Dubai International Financial Centre and the London Court of International Arbitration

Legal Disclaimer Gold prices are subject to market fl uctuations and all calculations for off takes will be calculated at the time of funds clearing with PPM DMCC. All fi nancial models can be updated to represent the actual gold price at the time of trade. PPM DMCC cannot predict the future price of gold and off er no advice to the future price of gold nor any representation or warranties. PPM DMCC off ers an off take correlated to the purchase of physical gold. All returns related to off takes are paid in a pre-agreed amount of physical gold in ounces. Off takers will receive physical gold, the value of which is subject to market fl uctuations and the value of your returns may go up or down in line with the LBMA quoted gold price.

No Tax Advice. Customers agree and acknowledge that PPM DMCC have made no representations regarding the tax consequences of the gold purchased under the PPM DGO, and that the customer shall rely upon their own tax advice with respect to any taxes owed on any of such purchases. Customers shall be solely responsible for the payment of any federal, state or local taxes owed as a result of their receipt of gold pursuant to PPM DGO.

For more information visit www.ppmholding.com

UAE

Unit No: 2821

DMCC Business Centre

Level No 1, Jewellery & Gemplex 3

Dubai, United Arab Emirates

Email: info@ppmholding.com

Telephone: +971 43712540 - HEAD OFFICE

Telephone: +44 20 3322 9107 - PPM DGO SALES AND SUPPORT

Contact Us