10 SEPTEMBER 2014

All photos in this presentation are of Stellendale Village

VISUAL – THE VALUE PROPOSITION Visual is a South African property development, holdings and services company based in Cape Town

Develops complete, self‐contained suburbs for the middle‐income market

Growth potential: Visual owns more than 70,000m2 of developable bulk, inc. ±1,000 residential opportunities, at its flagship Stellendale development in the Northern Suburbs of Cape Town

Visual was listed on the AltX of the JSE on 23 May 2014 2014 forecast figures have been achieved There are two ways in which you can invest in Visual ‐ by buying 

shares and buying properties

We think Visual shares are a good investment as the following slides will show

BUY‐TO‐LET IN THE MIDDLE INCOME MARKET Fact: This is the fastest growing income segment in South Africa

Fact: People in this market cannot afford to buy their own homes  Fact: This makes for a strong and growing rental demand Fact: It is investors who are best placed to purchase properties in 

this market Fact: The rental returns and long‐term capital growth 

opportunities can outstrip those of very expensive properties in upper‐income suburbs

Fact: The purchase of multiple buy‐to‐let properties in this market can be funded by rental returns

Fact: Purchase of 5 or more such properties attracts major tax savings via Article 13 of the income tax act

VISUAL AND THE MIDDLE‐INCOME MARKET Visual has developed a security village model that supplies the 

rapidly expanding demand for buy‐to‐let in this market Visual has developed and recently launched a retirement 

concept in this market –…my place lifestyle

This market is serviced by companies like Shoprite, Capitec and Curro

Visual sells to investors who provide homes for these consumers to rent Visual’s vacancy track record over the last 5 years is approximately ¼% 

Visual currently retains ownership of 10% of its developments and plans to increase this over time Long‐term capital growth Increasing annuity income

VISUAL’S FLAGSHIP DEVELOPMENTStellendale Property Development, Northern Suburbs, Cape Town Mixed use residential, commercial and retail precinct ‐ Capex of ±R2bn

Rendering of Stellendale Park

47,000m2 GLA ±R2 billion telecommunications precinct Including a ±3,800m² data centre complex Best‐in‐class contact centre facilities  Best‐in‐class high speed fibre optic networks, satellite and 

radio networks Will provide local employment of ±3,000 people, many of 

whom will be ideal tenants for Visual’s property investors

STELLENDALE PARK TELECOMMUNICATIONS PRECINCT

BUYING PROPERTY IN STELLENDALE VILLAGE• Property in our security estate, Stellendale Village, makes a wise investment

• Quality of life is high

• Build quality is high

• Rental demand is high

• Capital growth is high

• Risk is low

We handle the entire process,

including all documentation, legal services and tax advice

We source and manage tenants for you – and the

rental income covers your bond

We source the best properties for you to invest in – to get both

capital growth & rental income

We ensure you comply with all SARS Article 13regulations in a hassle-free way

THE VISUAL PROPERTY CLUB

PROVIDES A LONG TERM,

POSITIVE INVESTMENT

EXPERIENCE

THE VISUAL PROPERTY CLUB – A VISUAL INITIATIVE

We handle the entire process,

including all documentation, legal services and tax advice

We source and manage tenants for you – and the

rental income covers your bond

We ensure you comply with all SARS Article 13regulations in a hassle-free way

We source the best properties for you to invest in – to get both

capital growth & rental income

WE PROVIDE A POSITIVE INVESTMENT EXPERIENCE

This presentation has been prepared by Visual International Holdings Ltd (“Visual”) exclusively for the benefit and internal use of the person(s) to whom this

presentation has been addressed (the “Addressee”). In addition, the Addressee is deemed to have accepted responsibility for ensuring the confidentiality of this

presentation. This presentation and its contents are given to the Addressee on the express understanding that the financial arrangements and other information

contained herein are confidential and proprietary to Visual and may not be circulated, copied, published, reproduced or disclosed in any manner to any other person

except those within the organisation of the Addressee without the prior written consent of Visual.

Visual is the trading name of Visual International Holdings Ltd (“Visual”). To the maximum extent permitted by law, neither Visual, the Visual Group of companies,

their related bodies corporate, their directors, employees and/or agents, nor any other person accepts any liability, including, without limitation, any liability arising

from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in

connection with it. Therefore, no responsibility will be accepted by Visual for the treatment of any court of law, tax or other authorities with regard to the outcome of

any transaction resulting from the use of this presentation.

This presentation speaks only as of the date it is given, and the views expressed are subject to change based upon a number of factors, including, but not limited to,

market conditions and the Addressee’s business and prospects. This presentation may contain forward-looking statements, forecasts, estimates and projections

(“Forward Statements”). Forward Statements are frequently characterised by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate” and other

similar words, or statements that certain events or conditions “may” or “will” occur. Forward Statements are based on opinions and estimates of Visual at the date the

statements are made, and are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the

Forward Statements. Although Visual believes that the expectations in such Forward Statements are reasonable, no recommendation or warranty, express or implied, is

made or will be made that any such Forward Statements will be achieved or will prove to be correct and such Forward Statements do not guarantee performance or

results.

Visual does not accept any obligation to correct or update the information or opinions in this presentation. Opinions expressed are subject to change without notice.

Nothing in this presentation should be construed as a solicitation to buy or sell any security or product, or to engage in or refrain from engaging in any transaction.

Nothing contained in this presentation constitutes investment, legal, tax or other advice. The Addressee should consult its advisers concerning these matters before

undertaking any proposed transaction.

The visual and other material used in this document is for general guidance and illustrative purposes only. All photographs, site plans, unit counts, boundary

demarcations, artist’s impressions and descriptions used give an indication of areas of development or what properties may look like and comprise of, and are not

necessarily representative in every respect. Some amendment applications to the existing land use and planning are in process, and the attached information is subject

to the finalisation of these approvals. Visual International and its duly appointed representatives reserve the right to alter these details at any time. This information

does not constitute a contract, part of a contract, guarantee or warranty.

View over Stellendale looking north

THANK YOU FOR YOUR KIND ATTENTION

CONTACT

To discuss a personal presentation please contact Charles Robertson

076 839 9166 or e-mail charles@visualinternational.co.za

For more information please visit:

www.visualinternational.co.za

Absa Private Bank and JSE showcase 

16 September 2014 

Absa Private Bank & JSE ShowcaseMount Nelson Hotel16th September 2014

Richard TaitChief Executive Officer

Background

• Group founded to develop innovative technology relating to environmental challenges, notably:

• Acid Mine Drainage (AMD)– Developed new technology with CSIR and funded a bankable feasibility study to 

provide solution for Witwatersrand Basin in 2009– Government has dragged out process, leading board to impair project, but pursue 

private sector opportunities• Coal Fines processing

– Developed technology in coal fines screening and briquetting– Established a pilot plant at Vaalkrantz Colliery, owned by Keaton Energy Holdings– Life of dump contract to process fines and commercial arrangement to market 

product through Keaton– Significant technical development, including introduction of unique fine screening 

technology and MOU with technology provider– Capacity of plant 5000tpm, growing to >7,500tpm by February

• Other opportunities– The Group continues to investigate alternative technologies in the environmental 

abatement space with focus on sustainable shareholder returns

Current Status‐ Commercially operational plant at Vaalkrantz‐ Proven technology and operational track record‐ Test work underway at several other mines ‐ Significant opportunity in untreated fines (>1Bt)‐ Increasing environmental abatement pressure on mines

Positioned for Growth‐ Balance Sheet Restructuring

‐ June EGM converted all outstanding debt into equity‐ Zero debt balance sheet

‐ Investment by Convergenet Holdings Ltd (announced last week):‐ Acquired additional 30.32% of MRI for total holding of 34.5%‐ To be managed as a listed investment company, with Wiese family a major 

shareholder‐ Strong, well‐capitalized anchor shareholder for MRI with deal‐making 

ability‐ Ability to replicate coal fines processingtechnology

‐ Successful pilot of unique technology at Vaalkrantz plant‐ Massive market opportunity with >1Bt of fines to be treated‐ Significant supply shortfall for ESKOM power stations in next 5‐10 years‐ Prime for growth with target of 3‐5 installations of similar plants within 

next 12 months