LAATWAAI LIVESTOCK AUCTION FACILITY

The subject property well known as the Laatwaai Afslaers - Livestock Auction Facility. The property is improved with a combination of buildings jointly used as an auction facility.

Improvements to the site include the following:

• Cattle auction facility

o ±2 334m² Steel cattle holding with paving under foot. Bridge / Walk way over holding facility for easy viewing.

o Loading facilities for LDV’s and interlink trailers.

o Quarantine kraal

o Indoor auction ring with scale.

o Auction pavilion with VIP seating.

o Admin office with walking safe, bullet proof glass and burglar bars.

o CCTV system throughout the facility and loading areas – Extremely important component.

o Covered parking.

• Sheep, pig and poultry auction facility

o Steel structure covered with IBR sheeting.

o Concrete floor.

o 4 x Steel cages in a row with passage – Easy access.

o Loading facilities

• Flea Market

o Steel structure.

o Covered with IBR roof sheeting.

o Partial IBR side walling and face brick walling.

o Rental charged per entrepreneur per weekend.

o Generator.

o Poultry auction facility with steel cages.

• Lapa

o Thatched roof

o Timber construction

o Open seating area

o Seating area

o Bar

o Liquor license

o All fridges and equipment included to sale

• Canteen

o Leased per canteen / shop to 3rd party operators.

o Face brick construction.

o IBR roof.

o 3rd Party operators’ quality regulated.

• Rest rooms

o Face brick construction.

o IBR roof.

o Men’s / Lady’s facilities.

• Residential Accommodation

o 3 x Residential units onsite

o 5 x Garages

o Shaded carport

• Kraal with covered section

o Steel construction

o Kraal

o Used for animals that is not removed from the site directly after the auction.

o Handling and hosting fee charged.

• Movable Asset Auctions

o Large movable assets are auctions off on the undeveloped land situated next to the flea market.

o Ample space for expansion.

o Ample parking space.

The facility is well managed and well operated. The purchaser walks into a well organized operation which is profitable from day one.

Operations

The auction will include the sale of shares of Laatweaai Afslaers Pty Ltd. The fixed asset and movable assets, excluding 4 trucks, that forms part of the entity are included to the transaction.

Laatwaai Afslaers is open every Saturday and offers the following services to clients:

o Livestock auctions

o Cattle

o Sheep

o Pigs

o Poultry

o Movable assets auctions

o Transport

o Canteen

o Lapa with bar and liquor license

Clients requested that the current owners host an auction on Tuesdays as well. Due to other responsibilities the seller is not a position to fore fill this request. The opportunity exist for the successful purchase to expand operation with a mid-week auction.

Laatwaai Afslaers will be sold unencumbered (without outstanding responsibilities to a financier).

Financial statements are available upon request.

Movable Assets

All movable assets required to operate Laatwaai Afslaers and which are owned by Laatwaai Afslaers are included to the sale. A list of assets are available upon request from Vleissentraal Eiendomme / Properties.

It is advised to all bidders to visit the facility!