continued - nexusmr. ahmed al-sayed will be the ceo of nexus flight operations services that will...

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Dear NEXUS Family, “Fasten your seatbelts!” I closed my recent message with this phrase, which I believe captures the essence of NEXUS in 2018. I believe this phrase symbolizes both the importance of safety in everything that we do, while also pointing to the fantastic ride on the way for all of us as we prepare to lift NEXUS to the next level. The purpose of this message is to update and inform the global NEXUS family on two very significant developments that will propel NEXUS forward and give us a very visible presence in aviation. The first is our Initial Public Offering (IPO) and the second is the global organization that is going to take us there. Growing a top-tier aviation services company in a very competitive global marketplace requires capital. Capital to make the investments in people, facilities, software and equipment that our success requires. After careful evaluation of several options to raise capital, we have chosen to pursue an Initial Public Offering (IPO) of NEXUS stock. This means that individuals and institutions will be able to purchase shares of NEXUS stock on a public stock exchange. The advantages of this approach are three-fold: first, it generates immediate capital to fund our growth; second, it gives us a repeatable mechanism to raise capital in the future; and, third, it facilitates the opportunity to offer shares to NEXUS employees, and you will learn more about this program in subsequent communications. To accomplish an IPO will require a tremendous effort from the entire company. First, we must present an innovative company with a growth story that inspires and attracts investors. Second, we must have an organization in place that is structured for the global marketplace with the right people in key positions. Finally, we must have the policies and procedures in place to manage and govern a company whose shares are offered to the public. Continued...

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Page 1: Continued - NEXUSMr. Ahmed Al-Sayed will be the CEO of NEXUS Flight Operations Services that will manage the business’ Aircraft Management Services, the Royal Services, the Flight

Dear NEXUS Family,

“Fasten your seatbelts!” I closed my recent message with this phrase, which I believe captures the essence of NEXUS in 2018. I believe this phrase symbolizes both the importance of safety in everything that we do, while also pointing to the fantastic ride on the way for all of us as we prepare to lift NEXUS to the next level.

The purpose of this message is to update and inform the global NEXUS family on two very significant developments that will propel NEXUS forward and give us a very visible presence in aviation. The first is our Initial Public O�ering (IPO) and the second is the global organization that is going to take us there.

Growing a top-tier aviation services company in a very competitive global marketplace requires capital. Capital to make the investments in people, facilities, software and equipment that our success requires.

After careful evaluation of several options to raise capital, we have chosen to pursue an Initial Public O�ering (IPO) of NEXUS stock. This means that individuals and institutions will be able to purchase shares of NEXUS stock on a public stock exchange. The advantages of this approach are three-fold: first, it generates immediate capital to fund our growth; second, it gives us a repeatable mechanism to raise capital in the future; and, third, it facilitates the opportunity to o�er shares to NEXUS employees, and you will learn more about this program in subsequent communications.

To accomplish an IPO will require a tremendous e�ort from the entire company. First, we must present an innovative company with a growth story that inspires and attracts investors. Second, we must have an organization in place that is structured for the global marketplace with the right people in key positions. Finally, we must have the policies and procedures in place to manage and govern a company whose shares are o�ered to the public.

Continued...

Page 2: Continued - NEXUSMr. Ahmed Al-Sayed will be the CEO of NEXUS Flight Operations Services that will manage the business’ Aircraft Management Services, the Royal Services, the Flight

...Continued

Organizationally, we have established NEXUS International Holding Group, a transparent tax and legal structure located in the downtown Dubai International Financial Center (DIFC). NEXUS Africa, NEXUS Europe, NEXUS India, NEXUS Asia, NEXUS China, and NEXUS Services America, including Wyvern and Fuellink, will all report up through NEXUS International Holding Group, which ultimately reports to the newly-formed entity, NEXUS Group Saudi Arabia. (See attached the NEXUS Group Legal Structure). The senior leadership team under the new NEXUS Group includes our new Vice-Chairman Mr. Mohammad Bannani, the Group Chief Financial O�cer Mr. Fuad Syed, the Vice President of Safety & Quality Mr. Carl Flynn, the Group Chief Information O�cer Mr. Vijay Kottapalli, and the Director of Marketing & Communications, Mr. Nati Mavridis. I have added two new executives to my senior leadership team, Mr. Nabeel Tarbulsi, as our new VP of Group Corporate Strategy and Mr. Fauwaz Al-Muzaiyen, as VP of Group Finance, who both will manage our IPO O�ce.

In addition to these changes, we have a new organizational structure (see attached) that will create three new separate organizations: NEXUS Flight Operations Services, NEXUS Corporate Solutions, and NEXUS Academy.

Mr. Ahmed Al-Sayed will be the CEO of NEXUS Flight Operations Services that will manage the business’ Aircraft Management Services, the Royal Services, the Flight Support Services and the Flight Operations Centers.

At the same time I am pleased to announce the promotion of Mr. Mohammed Basulaib as the CEO of NEXUS Corporate Solutions, that will manage the business’ Special Project Management Support and the Corporate Aviation Ground Handling.

Also, it gives me a great pleasure to welcome Mr. Arturo Cruz, as the CEO of NEXUS Academy, who will manage the entire global academies of NEXUS.

The IPO readiness process will be a challenge for all of us. Every single process in our company is going to come under careful scrutiny. Our management structure, our finances, our tax structure, our contracts, our joint ventures, our partners, and our corporate governance will all get evaluated. There will be questions from lawyers, underwriters, analysts, and all these questions must be answered quickly and accurately. Moreover, throughout all this, we still have to run our company, and run it as if it is already a public company.

But taking on challenges is what has always di�erentiated the NEXUS team from its competitors, and I am confident that the leaders and team members we have will rise to this challenge and go the extra mile every day to do whatever is needed.

Once we are a public company, we will be visible to the market and accountable to our shareholders. In the weeks and months ahead we will organize several communication sessions to keep the team posted on our progress, answer questions and ensure that the global NEXUS organization is ready to operate and win as a public company.

So, indeed, fasten your seatbelts, as NEXUS is about to take o� and it promises to be a great ride for all of us.

I thank you for your continued support and look forward to taking this exciting journey together.

Sincerely Yours,

Abdullah Mohammed Bashir Al-SayedFounder & ChairmanNEXUS Group