Hans Merensky

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The Project will involve an equity investment into HMH to assist with its corporate needs, including the following investments: (i) increase its softwood timber processing capacity and efficiency in South Africa, (ii) expansion of its European Union (EU) fruit marketing and distribution, and (iii) expansion of its avocado orchards in South Africa and Latin America to achieve consistent year round supply of 50% of products marketed in the EU markets. In the medium term, HMH intends to expand into other avocado markets, including Latin America. The project will enable the HMH to implement its strategy to further develop its forward integration in the supply chain in South Africa, pursue global trading opportunities in wood products, and ensure it increases its ownership / control of sustainable commercial plantations.