electio brochure v1 final hi-res scissored

7/27/2019 Electio Brochure V1 Final Hi-Res Scissored

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Rare Earth Metals (REM)

ELECTIO


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Contents

The market for rare earths may double by the middle of the decade.

2011 report by Ernst & Young LLP

2 | Electio Alternative Investments

Electio REM products

The opportunity

Why invest in REMs?

Client security

Electio Regulatory Framework

Delivery Vs Payment (DVP)

Tangible asset/ Commodity

What is a bonded warehouse?

Bank/ Custodian

Regulated Administrator

Electios Carbon Neutral Promise

Opening your account

Managing your account

Introduction

Offi cial Partner of the PGA of South Africa

About us

Worlds first REM trading platform

Worlds first with liquidity

Worlds first REM trading app

What are REMs?

What do we use REMs for? Almost Everything.

A global monopoly

Supply and Demand

In the News

Supply chain issues

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Introduction

China, supplier of 95 percent of the 17 elements known as (REMs), has clamped down on mining and cut export quotas, boosting prices andsparking concern among overseas users such as Japan about access to supplies. The government may further reduce export quotas, pushingprices higher(Goldman Sachs, Australia)


While investor confidence is generally considered to be at an all time low by most analysts and theglobal economic outlook bleak, trading traditional asset classes can often be associated with far toomuch risk. Time and time again, investors look to alternative investments when market condi-

tions are poor for traditional asset classes.

Historically, when stock markets crash, property markets usually suffer a similar crash. In theseconditions, investors increasingly run to commodities as a safe haven.

Nothing demonstrates this better than oil and gold. Since 1997, the price of gold has rocketedfrom $150 to its current levels of $1700. Similarly, oil has risen from $40 to $110 in just fiveyears.

But has the ten-year gold rally come to an end? Many analysts say yes. The purchase ofcommodities continues to be seen as a safer option by many professional investors, relyingas it does on the most basic of trading principles: supply and demand.

What if we could no longer build aeroplanes, satellites, wind turbines or mobile phones?

What if a monopoly over an entire industry was in place and this monopoly could dra-matically affect the way we operate on a global scale?

The Rare Earth Metals (REM) market is often described with many different names andabbreviations, such as: Critical Materials; Critical Earth Elements; and; Rare Earth Ele-ments to name a few. At Electio we believe in keeping things straight forward and clearand for that reason you will see one name and abbreviation used consistently: RareEarth Metals (REMs).

REMs are often described as the most valued commodities on earth. They are usedto build, create and manufacture almost everything we use and rely upon on a daily

basis.


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At Electio Alternative Investments we understand the patience and strategicthinking behind lining up the perfect golf shot . This is why we are delightedto announce that Electio has been selected as the Offi cial Alternative Invest-ment Partner of the Professional Golfers Association of South Africa (PGA).

In the same way that professional golfers always carry different clubs in prep-aration for the shots they may have to take under any condition, a smart in-vestor will always have diverse assets in his portfolio so that he is preparedfor any financial climate.

OFFICIAL ALTERNATIVE

INVESTMENT PARTNER


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Official Alternative

Investment Partner of the

PGA of South Africa


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About usElectio Alternative Investments was founded by a group of like-minded high net worthinvestors as a niche investment platform enabling judicious investors to diversify theirportfolios into the Alternative Investment Sector.

Aided by trade-on-the-move technology, Electio offers a leading-edge trading space,backed by the necessary market knowledge and expertise to give investors what theywant and give credence to its ambition to become Africas leading alternative in-vestment provider.

Fundamental to the Electio model is our use of technology in an online tradingspace in which investors have:

the ability to monitor their investments on the move; liquidity and an online platform facilitating 24/7 trading; access to REM investments;

the means to diversify investments for an optimal portfolio and spread risk; enhanced protection and safeguards for non-traditional asset classes


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Worlds first REM trading platformAt Electio we view technology as one of the most important aspects of our business. Our dedication to fosteringan aspirational brand has seen us develop the worlds first REM trading platform. This creates a marketplace forElectio customers to buy and sell REMs simply and effi ciently within the same platform. *

This allows you to:

Buy and transfer REMs

View your trading account history

View the payment history for your account

Contact customer support

View todays trading price at the touch of a button

Request additional access for a representative or advisor to view your account

Restrict additional users permission levels as you wish

*All trades are subject to liquidity in markets.



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Worlds first with liquidity

Our global scale and reach allows us to connect buyers and sellers across all market jurisdictions. Our customers enjoy online access to their accountsand all the information they need to make an informed decision. This is why Electio is proud to be in the unique position of being the first to offer

liquidity. This flexibility to buy and transfer REMs is an industry first within the REM market*.

*Subject to trading volumes and liquidity


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Worlds first REM trading appAt Electio we understand a third of all internet access is mobile, which is why we have devel-oped the worlds first REM trading app.

The Electio REM trading app allows you to:

Buy and transfer REMs

View your trading account history

View the payment history for your account

Contact customer support

View todays trading price at the touch of a button

Request additional access for a representative or advisor to view your account

Restrict additional users permission levels as you wish



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What are REMs?

As defined by The International Un-ion of Pure and Applied Chemistry (IU-PAC), Strategic Earth Metals are a set of17 chemical elements in the periodic table,specifically the 15 lanthanides plus scan-dium and yttrium.

REMs have extraordinary properties and arehence indispensable in the world of mod-ern technology. They help increase effi ciency,productivity and accuracy of components.They have been highlighted as critical bythe US government. They are vital to eve-ryday life, scarce by their nature and very

diffi cult to extract.

The extraction and, in particular, the pro-cessing of REMs is extremely capital in-tensive, ranging from $100 million to $1billion of capital expenditure dependingon the location and production capacity.

The estimated financial investment neededjust to prove the resource (i.e exploration

and drilling) can be up to $50 million.



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What do we use REMs for?

Almost Everything.In the modern world we now use REMs on a daily basis without evenrealising it. They are now key in the technology industry and comprisethe key components of everything from mobile phones or laptop com-puters to emulsion paints and medical implants. There is no doubt thatsome of the worlds industries depend heavily on them.

Many of these REMs are also essential in the production of green en-ergy alternatives such as wind turbines, electric cars and energy effi -cient light bulbs. As an industry set to expand exponentially over the

coming decades, it is easy to see why a secure supply of these metalsis of paramount importance

Also, with current population growth estimated to grow from 7.9bil-lion to 11.9billion by 2025, RSEMs are paramount to sustainable,

safe growth and commercial evolution.



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Technology

Computer chips LCD screens

Disk drive manufacturing Medical implants Aircraft turbines Mobile phone batteries

Laptop computer chips

Renewable Energy

Electric car batteries Solar cells Wind turbines Hybrid cars Carbon capture storage pods

Geographical surveying equipment

National Security

Nuclear technology Satellites Missiles Radars Lasers

Night vision Communication systems

Other uses

Dying of ceramic glass Super alloys

Fuel catalytic convertors X-ray films Fluorescent lighting Fuel additives and catalysts Doping agent for optical equipment

Paint


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China effectively controls the current global supply of REMs, which is a well docu-mented and major concern for Western economies.

Currently China:

Supplies over 95% of global REMs

Is expected to consume most of the supply

Has reduced export quotas by an average of 12% per year

since 2005

As an example, there is currently no known substitute for one of the 17 REMsknown as yttrium. Without yttrium, you cant make the refractory molds needed

to make jet-engine turbine blades. If you cant make jet-engine turbine blades, youdont have jet engines or power turbines. The price points for REMs including thelikes of yttrium are predicted by most financial analysts to rise in the face of unalterabledemand.

An act was recently tabled in the US to take all necessary initiatives to reintroduce adomestic rare earth supply chain so as to ensure a secure source of these vital met-als. However, new mining set ups are prohibitively expensive and are likely to push

the prices up further.

A global monopolyIn the UK, a Science and Technology Committee reportwarns: The UK will need to secure supplies of (REMs)

or future economic growth will be put at risk.

The Royal Society of Chemistry, which contributed tothe report, says: emissions targets could be missedif the UK fails to formulate a plan for (REMs).

As demand for rare metals increased, followingthe development of newer technologies requiringthem, China began to steadily reduce the supplyof these metals. In the second half of 2010 China

suddenly announced they were cutting their ex-port quota by 72 percent, and announced that

they have only limited resources.

18 |Electio Alternative Investments


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Supply and Demand

Market share

Global demand and supply shifts are altering the dynamics within theREM market, presenting both challenges and opportunities.Global demand is expected to reach 200,000 MT by 2015,(US Congressional research report, 2012)

To provide most of our power through renewables would take hun-dreds of times the amount of rare earth metals that we are mining today,(Thomas Graedel, Clifton R. Musser professor of Industrial Ecology andprofessor of Geology and Geophysics at the Yale School of Forestry & En-

vironmental Studies)

And other Rare Earth Metals are essential for solar cells, cell phones,computer chips, medical imaging, jet engines, defence technology, and

much more.

Every megawatt of electricity needs 200 kilograms of neodymiumor 20

percent of one ton, he said. So if every big wind turbine produces onemegawatt, five turbines will require one ton of neodymium. If wind is go-ing to play a major part in replacing fossil fuels, we will need to increaseour supply of neodymium, (Peter Kelemen, Arthur D. Storke Memorialprofessor of Geochemistry at the Earth Institutes Lamont-Doherty EarthObservatory)



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A recent MIT study projected that neodymium demand could grow by as

much as 700 percent over the next 25 years; demand for dysprosium, also

needed for wind turbines, could increase by 2,600 percent.

China currently supplies 97 percent of global Rare Earth Metal demand, and

100 percent of heavy rare earth metals such as terbium and dysprosium, used

in wind turbines.

In 2005, it began restricting exports to preserve resources and protect the environ-

ment, causing prices to soar. Today, the US is 100 percent dependent on imports for

REMs. However, from the mid-1960s through the 1980s, Molycorps Mountain Pass

mine in California was the worlds main source of REMs.

As the US share of REM production declined, China used government support,

research and development, training programmes, cheap labour and low prices to de-

velop its supply chain, increasing its share of REM production from 27 percent in 1990

to 97 percent in 2011. In March 2012, the US, Japan and the European Union lodged acomplaint with the World Trade Organization over Chinas limits on rare earth exports.

The US, South Africa, Canada, Australia, Brazil, India, Russia, Malaysia, and Malawi

also have deposits of REMs, and while the US Geological Survey expects global reserves

and as yet undiscovered deposits of REMs will be able to meet future demand, new mines

may take up to ten years to develop, and resources in remote areas will likely be much

more diffi cult to extract.



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In the News

Dysprosium oxide, used in lasers, has jumped 338 per cent since January ..Even prices for the most common rare earths, such as lanthanum, used inhybrid car batteries, have risen sharply (Investment Banking Times, Decem-ber 2011)

These ores, called (REMs), can be refined into 17 rare earth metals, most ofwhich were of little interest until the past decade. In recent years, however,demand has surged because the metals and their compounds are used inalmost every modern electronic device, from flat-screen televisions to mobilephones, as well as hybrid cars, wind turbines and even defence missiles(Financial Mail on Sunday, April 2012)

REM shortages can threaten the growth of Western Europe, so the EU hasnow launched a campaign against the shortage(Spiegel online, February 2012)

Electric cars to be hit by supply disruptionsthats the verdict of a new reportfrom the US Department of Energy entitled 2011 Critical Materials Strategy,which looks at supply challenges for five rare earth metals. These met-als were found to be near critical (US Department of Energy 2011 Critical

Materials Strategy)

Dysprosium, along with terbium, europium, neodymium and yttrium, havebeen reported as already reaching critical levels of short-term supply(2011 Critical Materials Strategy US DoE)

Theres no substitute for yttrium. Without it, you cant make the refractorymoulds needed to make jet-engine turbine blades. If you cant make jet-en-gine turbine blades, you dont have jet engines or power turbines. The pricepoints for these SEMs will reflect true scarcity and unalterable demand. Peo-ple will bite the bullet and pay what they have to in order to get the yttrium(Financial Times, November 2011)

Industrial buyers are in shock after witnessing the price of REMs, such as ce-rium oxide jumping 475 per cent in just five months, amid falling supplies(Financial Times, November 2011)

REMs are the economic and technological foundation of a safe and securenation. To possess them imparts independence, immunity to coercion,and the tools to invoke scientific advancement

(James B. Hedrick, US government mineral resources advisor)



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Supply chain issues

The supply chain for Rare Earth Metals generally consists of min-ing, separation, refining, alloying, and manufacturing (devices andcomponent parts). A major issue for REM development in the Unit-ed States is the lack of refining, alloying, and fabricating capacitythat could process any future REM production.

An April 2010 Government Accountability Offi ce report illustratesthe lack of US presence in the REM global supply chain at eachof the five stages of mining, separation, refining oxides into metal,fabrication of alloys and the manufacturing of magnets and othercomponents. According to the GAO report, China produces about

95% of the REM raw materials, about 97% of REM oxides, and isthe only exporter of commercial quantities of REMs. As an exam-ple, special magnets that operate at the highest temperatures in-clude small amounts of REMs, which are currently only availablefrom China.

Around 90% of the REM alloys are produced in China (with someminor production in the US), thus, even if US SEM production rampsup, much of the processing and metal fabrication would still occur

in China.


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*Please note the above brand names are used for illustrative purposes only.

Demand from companies around the world



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Electio REM products

Before offering REMs to our clients, Electio conducted over 12 months ofmarket analysis both externally and internally through our large client

database to determine how and when professional investors would wishto trade REMs.

We found clients considered diversification to be at the top of their wishlist and the general consensus was clients would feel more vulnerableholding one type of REM. For this exact reason, Electio has designedtrades to be executed in baskets to diversify risk across a number ofdifferent metals.

Holding more than one type of REM aims to spread your risk across themarket and is less focused on the individual performance of a specificmetal. As you will see below, Electio has also structured its baskets sothey have specific sector or industry focus. This allows clients to not onlydiversify the types of REM but also diversify the sectors and industriesthose REMs are used in.



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Smartphone basket

Europium Oxide

Terbium Oxide

Dysprosium Oxide Erbium Oxide

Technology Basket

Erbium Oxide

Dysprosium Oxide

Praesodynium Oxide Ytterbium Oxide

Green Energies Basket

Erbium Oxide

Lanthanum Oxide

Neodymium Oxide

Yttrium Oxide

Defence Basket

Ytterbium Oxide

Neodymium Oxide

Cerium Oxide

Gadolinium Oxide


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The opportunity

Electio has created a full service solution for private clients to:

Buy REMs

Hold REMs, and

Sell REMs

The below are some of the key attributes to purchasing REMs through Electio:

2-5 year recommended hold period

3 years bonded warehouse storage

Insured at full market value

Simple buying process

Security of a regulated administrator

Security of a regulated custodian (i.e a bank)

Simple exit option through Electio platform*1

Take physical ownership of your asset if desired*2

Global demand predicted to increase by 8-12% pa until 2015 (Houses of Parliament department

of Science and Technology research note, June 2011)

China controls 97% of world exports - export quotas will fall to 65% by 2014

(Chinese Government Export Quota, May 2011)

*1: Subject to market conditions and liquidity.*2: Client would be responsible for any taxes due dependant on delivery jurisdiction.


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Why invest in REMs?The simple answer: supply and demand. Experts agree global de-mand for REMs is set to soar in the next 5-10 years and worldwide,exponential sales growth is forecast for consumer electronics andelectronic vehicles - all of which rely on REMs for production.

Demand for REMs is further enhanced by the looming deadlinesmany nations have agreed to lower their carbon emissions by, asthey move to greener sources of energy production, such as windand solar - technologies heavily reliant on REMs.

These governmental pledges were further endorsed by a swathe ofnew commitments made recently at a United Nations Conferenceon Sustainable Development in Brazil (rio+20). In January 2012, theUS Energy Department warned limited supplies of the five REMs used

in green technologies would pose a threat to production by 2015.

David Sandalow, assistant secretary for policy and international af-fairs at the Department, said: Demand for rare earth materials hasgrown more rapidly than that for commodity metals such as steel.

A unique phenomenon is occurring in the REM industry that ex-perts have described as the perfect storm for business. While REMdemand increases, uncertainty about the industrys ability to keepup with supply continues to make headlines. China currently con-trols over 95 percent of the worlds supply of REMs but has been

restricting export quotas.



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In July 2010 China reduced these quotas by 40 percent. In March,

the US, EU and Japan asked the World Trade Organization for areview of Chinas policies, accusing it of attempting to give its ownhigh-tech industries a competitive edge over the rest of the world.

Although China only has about 40 percent of global estimated REMdeposits - and there are several projects worldwide underway toextract the ore - it seems unlikely production will be able to satisfycurrent demands any time soon. In fact, China itself could becomea net importer of REMs by 2014, according to Mark Smith, CEOof Colorado-based REMs mining company Molycorp. Recent re-ports in the media suggested China has begun buying and stockpil-ing REMs, taking advantage of current low prices.

Experts believe REM shortages are likely in the coming years,The Daily Telegraph recently reported. It also quoted Pricewater-houseCoopers as likening the REM supply situation to a ticking time-bomb. In a recent Critical Metals report, REM expert, Jack Lifton,said The critical REMs will maintain strong demand and associat-ed pricing. Certain REMS have offered staggering returns over

the past four years



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Client security

At Electio we believe we have developed the safest andmost secure trading and holding structure for REMs globally.We are proud of the structure we have developed including:

Electio Regulatory Framework Delivery vs Payment (DVP)

Tangible asset/ commodity Electio Platform Regulated administrator Bank/ Custodian Bonded warehouse

Insurance

38 | Electio Asset Management


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Electio Regulatory Framework

Electio has incorporated many operational and man-agement practices and principles akin to those found inregulated markets in an effort to, among other things,

Distinguish itself from other market participants byestablishing itself as a more professional, secure and vi-able business

Provide greater confidence and security to its clientsand other stakeholders Position itself for its long term expansion and growth

initiatives and aspirations


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Delivery versus payment or DVP is a common form of set-tlement for securities and commodities. The process in-volves the simultaneous delivery of all documents neces-sary to give effect to a transfer of securities in exchangefor the receipt of the stipulated payment amount. Ideally,title to an asset and payment are exchanged simultane-ously.

Electio has the resources and scale to offer clients theability to receive delivery/ title of their purchased REMsin exchange for payment. This means there is no orderperiod or waiting period.*

*Subject to banking hours, warehouse hours and ElectiosTerms & Conditions.

Delivery Vs Payment (DVP)



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Tangible asset / Commodity

While investor confidence remains low, Electio believes youshould physically own what you are paying for. REMs are aphysical, tangible asset/ commodity that can be physically

delivered to a warehouse of the clients choosing if required.


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What is a bonded warehouse?

Given the physical nature of REMs, Electio stores clients purchasedREMs in secured bonded warehouse in reputable jurisdictions.

A bonded warehouse is a building or other secured area in which du-tiable goods may be stored and managed or undergo manufacturingoperations without payment of duty. It may be managed by the state orby private enterprise. In the latter case, a customs bond must be postedwith the government. This system exists in all developed countries of theworld.

Below are some of the key attributes of a bonded warehouse:

Delivery to and storage at load port

Ocean transportation if required

Discharge and storage at the destination port

Customs formalities

Delivery to final destination if required

High security

Title certifications



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Bank/ Custodian

Bermuda Commercial Bank (BCB) - a fully licensed andregulated bank - provides global custody services tofunds, trusts, corporate entities and individuals through

its international correspondent network. BCB operatesin 85 countries and can hold equities, debt instruments,commercial paper, commodities and metals, for or on be-half of its clients.

Below are some key facts about BCB:

Established by an act of Parliament in 1969 Licensed and regulated by the Bermuda Monetary Au-thority

Previously part owned by Barclays Bank Listed on Bermuda Stock Exchange One of only four licensed banks in Bermuda BCB is a member of the SWIFT (Society of WorldwideInterbank Financial Telecommunication) networkThe REMs of Electios clients are under the custody of BCB.This world-first arrangement for custody of REMs offersenhanced service and security with investor peace-of-mind as the fundamental cornerstone of our client rela-

tionships.


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Regulated AdministratorBeacon Fund Services (Beacon) provides comprehensive and sophisticated management, consulting, administration, accounting and other relatedservices to a wide range of offshore and domestic hedge funds, and other international entities with over $10BN of assets under administra-tion.

Below are some key facts on Beacon:

Beacon is licensed and regulated by the Bermuda Monetary Authority (BMA) under the Investment Funds Act 2006 Established in 1995 Over $10 billion USD of assets under administration

The REMs of Electios clients are under the custody of Bermuda Commercial Bank (BCB). The appointed authorized agent of BCB is BeaconFund Services, a regulated administrator, responsible for the management and administration of BCBs custody arrangements related toREMs of Electios clients which includes confirmation of bar-codes, storage, insurance and custody in respect thereof.

This is another world first and another important part of the service and security Electio prides itself on.



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Electios Co2 Neutral Promise

Electio has built its entire business model on sustainable initiatives.

There is obviously a Co2 effect on the environment due to the mining and shippingof REMs and in this regard Electio has created an automatic Co2 neutral promisewith each basket of REMs purchased.

For every basket traded by a client through Electio, Electio will purchase at itsown cost one Verified Carbon Unit or VCU (equivalent to one metric tonne of Co2)and retire this credit on behalf of the client to effectively eliminate any Co2 which

may have been generated by the mining and shipping.



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Opening your account

We set-up an Electio account in your name and assign you a Electio account number.

Your platform access is granted once we have emailed you your login details for iPhone app, iPad and computer.

The trade price is locked down before payment is made.

We send you confirmation of payment and trade direction by way of the Trade Notification.

Complete application form and provide 2 forms of identification.

We email you the Contract Note which confirms the quantity and price of REMs purchased.



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Managing your account

We allocate you a broker to keep you updated as often as you request.

We will invite you to corporate days at major sporting and sponsored events.

We send you monthly REM news.

We will send you important announcements via Electios online platform and iPhone app.

The Electio Client Liaison Team is just a phone call or email away and ready to answer your queries.

You will receive general Electio electronic newsletter feed.



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balance your decision

This document is for professional investors and advisors only and notintended for distribution to the general public. There is no guarantee of

performance and/or price and past or projected performance and/or priceis not necessarily indicative of future performance and/or price.

This document does not constitute a prospectus, offer, invitation orsolicitation for the sale of strategic earth metals (REMs) nor should itbe construed to constitute any investment advice. It is not intended toprovide the sole basis for any evaluation of REMs or any other instrumentor product which may be discussed in it. Purchase of REMs can only bemade by completing the order form of Electio and/or its affiliates and/or its agents and agreeing to Electios terms and conditions referencedtherein. A copy of the Electio terms and conditions may be obtainedfrom Electio and/or from Electios website (www.electio-invest.com) at nocharge.

An investment in REMs i nvolves a degree of risk. Prospective investorsshould consider carefully the risk factors described in the Electio termsand conditions and their own circumstances, before deciding to invest in

REMs. In making an investment decision, investors must rely on their ownexamination of the REMs and Electios terms and conditions, includingthe merits and risks involved. No assurance can be given that theperformance and/or price of REMs will be maintained or increase.

This document may not be used for the purpose of an offer or solicitationfor the sale of REMs by any person in any jurisdiction (i) in which suchoffer or solicitation is not authorized, or (ii) in which the person makingsuch offer or solicitation is not qualified to do so, or (iii) to any person towhom it is unlawful to make such offer or solicitation.

Investors interested in acquiring REMs should i nform themselves as to: (i)the legal requirements within the country of their nationality, residence,ordinary residence or domicile for such acquisition; (ii) any foreignexchange restrictions or exchange control requirements which they mightencounter on acquisition or disposal of the REMs; and (iii) the incometax and other taxation consequences which might be relevant to theacquisition, holding or disposal of the REMs.

Johannesburg

Unit 20, 1 Melrose Boulevard

Melrose Arch, Johannesburg

South Africa 2193

Telephone: +27 (0) 11 684 1747

email: [email protected]

Dubai

Office #1702, One by Omniyat

One Business Bay, First Al Khail Street

Dubai, UAE

Telephone: +971 4447 0990


Qatar

Level 22, Tornada Tower

Al Funduq Street, West Bay

Doha, Qatar

Telephone: +974 4429 2554



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