MEDIA STATEMENT

Quantum Global Announces Angolan Money Accounted

For In Bank Accounts and Investments

FSDEA Legal Proceedings Destroying Value for the Angolan People

ZUG, Switzerland, May 3, 2018 – Quantum Global Group today issued a clarification for
the people of Angola that all the funds of the Fundo Soberano de Angola (FSDEA)
managed by Quantum Global are intact and properly accounted for.

The investment company detailed all the FSDEA funds under its management, past and
present, to show that all the money was either deposited in bank accounts or invested in
businesses across Angola and Sub-Saharan Africa, creating hundreds of jobs and
generating wealth for communities across the continent.

Quantum Global expressed its dismay that the FSDEA has resorted to legal proceedings
against the group when it has received regular updates on the fund operations and value,
which has grown under Quantum’s management. Rather than launching misconceived
legal proceedings, Quantum Global believes that the FSDEA should seek a negotiated
settlement or arbitration in accordance with their contractual agreement.

The Quantum Global mandates

Quantum Global has historically managed two types of investments for FSDEA: the first
is a liquid money mandate known as the multi-asset class mandate that invests principally
in listed stocks and bonds; the second is a private equity mandate that invests in private
companies for long-term growth.

1. The liquid mandate

Up until April 2018, Quantum Global Investment Management Ltd. (“QGIM”),
Switzerland, managed a multi-asset class mandate on behalf of FSDEA, and the value of
this money increased above key benchmarks under its management. This mandate was
terminated by the FSDEA in February 2018 and these funds are already back under
FSDEA management.

2. The private equity mandate

In addition, the FSDEA committed $3 billion to seven private equity funds based in
Mauritius, where QG Investments Africa Management Ltd. is the investment manager.
This money is deposited as cash and cash equivalents in the bank accounts of each fund,
as an “advance cash contribution”. The remainder of the initial capital has been invested
in the 20 companies that are listed on Quantum Global’s website:
http://quantumglobalgroup.com/businesses/private-equity/portfolio-companies/. The
value of these investments has increased according to the latest preliminary unaudited
figures.

It should be noted that all investments and payments made have been audited according
to international IFRS accounting standards and comply with the Fund’s investment
policy. Contrary to media reports, the investment manager has provided the FSDEA with
quarterly investment reports and as well half-year statements and full-year audited
statements. The financial statements of 2017 are currently being audited by a respected
independent auditing firm. In making these investments, Quantum Global Group as an
investment manager has always acted in the interests of its investors.

Creating jobs and economic prosperity through portfolio company investments

Looking now at the portfolio companies that have benefited from the FSDEA’s private
equity investments, they are all providing jobs and prosperity to communities across
Angola and Africa, while delivering long-term sustainable returns to the FSDEA.

By investing in Porto de Caio through the infrastructure fund and Estrela da Floresta
through the timber fund, for example, Quantum Global and the FSDEA are creating two
powerful industrial clusters that are creating jobs today for Angolans, with the promise of
more jobs and wealth for these communities in the future.

In Porto de Caio alone, where the FSDEA’s initial investment of $180 million is now
valued at $385 million, will create 30,000 direct and indirect jobs when the port is fully
operational in a couple of years’ time. The government revenue from the increased
economic activity is expected to generate $300 million in tax revenue for Angola every
year, according to research projections.

In the timber sector, Estrela da Floresta will create over 10,000 jobs and inject
$1.1 billion into the local economy when all 18 concessions are operational.

For the agriculture sector, seven industrial farms are operated under the Fazangola brand
and are working to reduce food imports and create a large-scale food industry for
Angola.

The value destruction caused by legal proceedings

By continuing to resort to legal proceedings in Mauritius and the UK, the FSDEA is
destroying value in their own investments. The portfolio companies cannot pay salaries
or key suppliers, fulfil contract obligations to fund construction of new buildings or pay
taxes or legal bills. All of these negative consequences resulting from the legal approach
adopted by the FSDEA will result in financial damage to the FSDEA’s portfolio and to
the Angolan people. This legal approach goes against the duty of the new FSDEA
administration to protect the value of the existing investments.
Quantum Global will continue to defend its reputation against the unwarranted assaults
through legal proceedings in Mauritius and the UK. But at the same time, the group looks
forward to resolving this contractual dispute in a professional manner.