SavannaBeefNamibia

All seemed very positive about the project. The deadline for the Tender process is end of March 2023. The BVCF in conjunction with the SBP shareholders will take a decision, and hopefully the construction of the Processing Plant can start in May 2023. Your BVCF Taskteam

Dear BVCF member, Your Task Team is running and has just concluded its first meeting for this year. The (RFP) for the Engineering, Procurement and Construction of the Plant was sent out in early December 2022. Three companies attended an on-site inspection on 25 January 2023.

Savanna Beef Processors successfully raised an additional N$27.560 million from 165 participating producers in its Second Round of Funding The investment in the development of a new beef export processing facility in Namibia, raised an additional 13.8% of its equity target.

The overwhelming producer support saw Savanna raising in excess of 80% of its equity need from producers, completely surpassing our greatest expectations. The N$173 million raised has turned an idea into a reality, ever increasing the prospects of Savanna. Romé Mostert. Cirrus.

Dear members of the Beef Value Chain Forum, the second private placement has been concluded yesterday. Applications for an additional N$ 23 million have been received from 158 applications (of which 51 were from existing shareholders and 107 new applications). Thank You All.

Update: BVCF members and Cirrus Capital concluded the road show for the second private placement during the last week. From the 75 applications received in the second round, 53 were from new shareholders contributing N$14,118 mill of the total sum of N$16,520 mill. Thank you all.

"We are out of the blocks with an excellent start on the first day with an additional N$12,258 million from 39 producers. This brings us to a total of N$158,3 mill. We have thus passed the strategic mark of 75% of producer-owned shares," said Mecki Schneider, the BVCF chairman.

Dear BVCF members, The BVCF had its first well attended Annual General meeting today. About 220 people attended. Many proposals and guidelines were approved. We thank everyone who made themselves available to serve on the committee and those who attended the 1st AGM.

Geagte BVCF lid: Antwoord versoek op aanvraag. Hiermee word u hartlik uitgenooi na die 1ste AJV van die “Beef Value Chain Forum”Dinsdag, 16 Augustus 2022 om 8:30 by Wanderers in Windhoek. Bevestig asseblief u teenwoordigheid deur voor 5 Augustus 2022 per epos aan Mnr B. Rothkegel

Dear BVCF member: Reminder / Book the Date. You are hereby cordially invited to the 1st AGM of the Beef Value Chain Forum (BVCF) on Tuesday, 16 August 2022 for 8h30 at Wanderers in Windhoek. Please confirm your attendance via email to Mr B. Rothkegel by 5 August 2022 latest.

Shareholders of Savanna Beef Processors Ltd have been notified of the opening of the 2nd Private Placement Offer, from the 19 August 2022 and closing 9 September 2022. Cirrus Capital is the corporate advisor to Savanna and is once again facilitating the Private Placement process.

During the BVCF meeting on 14 July, the committee decided to open another window of share sales from 19 August to 9 September 2022, to give producers an additional opportunity to buy shares. Only N$ 54 million shares will be available and will be sold on a first come basis.

The first chapter has been written: Savanna Beef Processors Limited is registered. To this, registered Namibian beef producers were invited to invest by buying shares. Let us again take this opportunity to thank everyone for the tremendous support and drive in this initiative.

Eagle FM Namibia In their quest to establish a new beef export processing facility in Namibia, Savanna Beef Processors have raised N$146 million from 549 producers in its First Round of Funding. eaglefm.com.na/.../savanna-be…

As chair of Savanna Beef and on behalf of the BVCF task team I would like to thank all producers who invested. This initiative will enhance the “growth at home” concept, with foreign currency earnings, further job creation and reverse the declining rural Namibian economy. Mecki.

Savanna Beef Processors successfully raised N$146 million from 549 producers in its First Round of Funding The project raised more than 70% of its equity target from beef producers and is currently developing a strategy to fund the remaining share capital.

Dankie aan almal wat in Namibia en die beesvleissektor bele het. Die SBP en BVCF is voorberei om die kudde na groener weivelde te lei.