AfrAsia Bank LimitedBowen Square, 10 Dr Ferrière Street, Port Louis, Mauritius

Tel (230) 208 5500 / Fax (230) 213 8850afrasia@afrasiabank.com / www.afrasiabank.com

A member of GML, largest conglomerate in Mauritius - www.gmltogether.com October 2012

5 YEARS OFSUCCESSSERVICESTRATEGY

“Bank Different are not just different words,

they are the important difference

that the right bank can make for you.”

- James Benoit, CEO of AfrAsia Bank

Mauritius – South Africa – Zimbabwe

AfrAsia Bank opened its doors for business in Mauritius serving the Africa-Asia trade corridor and operates as an integrated bank, combining its strengths and expertise in three core divisions:

• Private Banking,• Corporate and Investment Banking,

and• Global Business.

In addition to its Mauritian shareholder and the largest conglomerate on the island, GML, other strong strategic partners include PROPARCO (subsidiary of the Agence Française de Développement and other major financial institutions), and Intrasia Capital (Singapore). The Bank’s core banking and transactional capabilities are also complemented by its asset management arm, AXYS Capital Management and its investment banking arm, AfrAsia Corporate Finance.

AfrAsia Bank’s global structure comprises of representative offices in South Africa, namely Cape Town and Johannesburg. Within a trustworthy environment and a sound legal framework, the Bank has cross-border

capabilities to deliver a global banking network with boutique service and speed. The regional expansion of the bank has been taken to a new level with the strategic acquisition of Kingdom Financial Holdings Limited, an investment holding company domiciled in Zimbabwe with interests in the banking, stock broking and asset management sectors. The company, rebranded AfrAsia Kingdom Zimbabwe Limited, also has operations in Botswana and Malawi.

With its regional presence and global approach, AfrAsia Bank is well positioned to respond to changing client needs and its operating environment.

About AfrAsia BankA regional bank of local relevance and international standing

182ndLargest African Bank

0Fees for internet

banking

50 Countries covered by

Global Custody, including 16 African countries

USD1 Billion

Of Group AUM as at September

2012

3rdLargest local bank in Mauritius in terms of Segment B Business

(non-resident)

2Representative offices

in South Africa

1stLocal bank in Mauritius to have obtained an FII

licence from SEBI

1stBank to open a bank

account for a Mauritius foundation

73Countries where we

have clients

113International management companies (Imc) working with us in Mauritius and

35 outside Mauritius

Awarded Best Private Bank in Mauritius by Euromoney 2,539

Relationships(Global Business)

38,028Number of international

bank payments processed in 2011

4,799Bank accounts

(Global Business)

Awarded Private Bank for Super Affluent in Mauritius

by Euromoney

Awarded Best Local Private Bank in Mauritius

by Euromoney

Quality Recognition for achieving high Straight Through Processing rate for payments and transfers

2010 (Citi Bank)

Most Innovative Bank in Mauritius 2008 (World Finance)

Brand to have a mileage linked to a card

in function

1stLocal bank to

provide free instant swift copies on its internet

banking platform

1st

Achievements and Key Figures

+

“AfrAsia Bank has positioned itself as a regional player facilitating investment flows and trade traffic between Africa and Asia and globally. The Bank has cross-border capabilities to deliver tailor made solutions with tangible benefits. AfrAsia Bank has been by our side as we have grown over the years and we are impressed by the dynamism and passion of the team in offering a seamless service to international clients.”

Ben Lim, Chief Executive OfficerIntercontinental Trust

“We spent a lot of time reviewing the marketplace for a banker in Mauritius. We wanted a specialist who understands Private Equity and a group who could cover multiple jurisdictions including Africa and Asia. AfrAsia Bank demonstrated a great depth of knowledge on the nuances of all our domiciles of interest. We find that two years into the relationship a good mutual understanding has developed between our two firms. I am always happy to recommend them to Private Equity Funds based on our positive experience.”

J.P. Harrop, Group Head of SalesAugentius Fund Administration LLP

“The AfrAsia Global Business Team has always been responsive to our needs and the Bank is the most competitive one in terms of global business bank charges. I really appreciate that the AfrAsia Bank Executives are always readily available and actively participate in the on-going relationship. I have no hesitation in recommending them to anyone investing or trading in Africa and considering the appoint-ment of a partner bank.”

Preetam Prayag, Chief Executive OfficerImara Trust Company (Mauritius) Limited

“We chose AfrAsia Bank because they are very entrepreneurial. They are a boutique bank, supported by strong shareholders, including PROPARCO. We have been particularly pleased with the way the Team adapts and responds to our needs.”

Stephen Murphy, Managing DirectorCitadel CapitalCairo, Egypt

ClientsTestimonials

AfrAsia Group, consisting of AXYS Capital Management, AfrAsia Corporate Finance and the Zimbabwe bank stake, AfrAsia Kingdom, achieved strong results with Rs270 million profit after tax compared to Rs124 million profit in 2011.

5,000,000

10,000,000

15,000,000

5,000,000

10,000,000

15,000,000

201220112010

76%

50%

Rs’0

00

Total Loans

-

4,000,000

8,000,000

12,000,000

16,000,000

20,000,000

4,000,000

8,000,000

12,000,000

16,000,000

20,000,000

201220112010

87%

31%

Rs’0

00

Total Deposits

0

50,000

100,000

150,000

200,000

250,000

300,000

0

50,000

100,000

150,000

200,000

250,000

300,000

20122011 2010

223%

117%

Rs’0

00

Profit After Tax

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

201220112010

84%

33%

Rs’0

00

Total Assets Return on Average Equity

0

5

10

15

20

13.5

15.3

11.8

201220112010

%

Capital Adequacy Ratio

Key Performance Indicators

1.0 %

6.0 %

11.0 %

16.0 %

201220112010

%

5.6

13.3

17.5

Economic Advantages

Political and Legal Advantages

Fiscal Advantages

• Availability of professional services• Strategic time zone• Strong and well diversified economy• Well developed communications infrastructure

• Political stability (parliamentary democracy) • Modern legislation & effective regulation• Protection of confidentiality

• No exchange control and free repatriation of profits• No Withholding tax• No Capital Gains Tax• Extensive network of DTAs• Corporate tax – 15% (reduced to 3% to 0% for Global

Business Activities)

Mauritius – The Ideal Platform for Outbound Investments

Member of COMESA – part of Free Trade Area along with 12 African countries. Elimination of customs duties on imports.

Mauritius – The number 1 investor into India due to the very attractive DTA be-tween the 2 countries

United States AGOA – duty-free access to the US markets for over 7,000 products.

Member of SADC, African Union, IOR-ARC.

Convenient Time zone

Experienced and Proven Jurisdiction

No exchange control, free repatriation of profits and capital.

Network of 38 DTAs and conclusion of a number of IPPAs

International Recognition & OECD White Listed Jurisdiction

World Bank Doing Business Survey 2012: 24th

Some Other Advantages of Using Mauritius

• OpeningofSouthAfricanRepresentativeOfficesinCapeTownandJohannesburg

• NewShareholder:PROPARCO(GroupAgenceFrançaisedeDéveloppement)

• Acquisitionof50%ofAXYSCapitalManagement• Acquisitionof30%ofTrinityCorporateFinance,

nowrebrandedAfrasiaCorporateFinance• Newshareholder:IntrasiaCapital• LaunchofACMIndiaFocusFund

• Launch of open-ended product, ACM HighYieldFund

• Acquisition of 35% of Kingdom FinancialHoldingsLimited(Zimbabwe),nowrebrandedasAfrasiaKingdomZimbabweLimited

• Awarded “Best local Private Bank in Mauritius2012”and“BestPrivateBankforSuperAffluentinMauritius2012”(Euromoney)

• LaunchoffirstWorldMasterCard®CreditcardinMauritius

• Increase to 50% stake in Afrasia CorporateFinance

• LaunchofRenminbiYuanservices• IntroducedAfrasiaGlobalCustodyservicesin

association with ABN AMRO Bank and BNPParibasSecuritiesServicesLtd

• Awarded“BestPrivateBankinMauritius2011”byEuromoney

• LaunchofAfrAsiaBank• Creation of AfrAsia Investments Limited

(oursubsidiary)• Introduction of capital protected foreign

currencyandrupeestructuredinvestmentproductswithJPMorganandAXYS

• First Bank to launch a USD Credit CardmadeandservicedinMauritius

• LaunchoffirstTitaniumMasterCard®CreditCard

• Awarded‘MostInnovativeBankinMauritius2008’(WorldFinance)

• First local bank to venture into ForeignInstitutionalInvestor(Fll)license

• Firstbank inMauritiusto launchacreditcardmileageprogram-inpartnershipwithBritishAirways

• OpeningofSouthAfricanRepresentativeOfficesinCapeTownandJohannesburg

• NewShareholder:PROPARCO(GroupAgenceFrançaisedeDéveloppement)

• Acquisitionof50%ofAXYSCapitalManagement• Acquisitionof30%ofTrinityCorporateFinance,

nowrebrandedAfrasiaCorporateFinance• Newshareholder:IntrasiaCapital• LaunchofACMIndiaFocusFund

• Launch of open-ended product, ACM HighYieldFund

• Acquisition of 35% of Kingdom FinancialHoldingsLimited(Zimbabwe),nowrebrandedasAfrasiaKingdomZimbabweLimited

• Awarded “Best local Private Bank in Mauritius2012”and“BestPrivateBankforSuperAffluentinMauritius2012”(Euromoney)

• LaunchoffirstWorldMasterCard®CreditcardinMauritius

• Increase to 50% stake in Afrasia CorporateFinance

• LaunchofRenminbiYuanservices• IntroducedAfrasiaGlobalCustodyservicesin

association with ABN AMRO Bank and BNPParibasSecuritiesServicesLtd

• Awarded“BestPrivateBankinMauritius2011”byEuromoney2007-2008

2009

• LaunchofAfrAsiaBank• Creation of AfrAsia Investments Limited

(oursubsidiary)• Introduction of capital protected foreign

currencyandrupeestructuredinvestmentproductswithJPMorganandAXYS

• First Bank to launch a USD Credit CardmadeandservicedinMauritius

• LaunchoffirstTitaniumMasterCard®CreditCard

• Awarded‘MostInnovativeBankinMauritius2008’(WorldFinance)

• First local bank to venture into ForeignInstitutionalInvestor(Fll)license

• Firstbank inMauritiusto launchacreditcardmileageprogram-inpartnershipwithBritishAirways

KeyMilestones

2011

2012

2010