#1☐ ☐ NEW FRONTIERS ENERGY FUND ILLUMINATING THE PATH FOR PORTUGAL'S RENEWABLE ENERGY OPPORTUNITIES CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM PORTUGUESE GOLDEN VISA ELIGIBLE#2H ☐ NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION INTRODUCTION The New Frontiers Energy Fund ("NFEF") is a pioneer in Portuguese Golden Visa-eligible fund, exclusively investing in renewable energy projects with no real estate exposure. We are committed to financing a diverse range of projects in Portugal's renewable energy sector, with an emphasis on solar/ PV, from corporate rooftop installations to industrial-scale ground-mounted solar PV projects with long-term index-linked Power Purchase Agreements (PPAs). €25m Initial target raise for the NFEF Fund CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM / 01#3☐ ☐ NEW FRONTIERS ENERGY FUND GOLDEN VISA REASONS TO CONSIDER PORTUGAL CORPORATE PRESENTATION / NEWFRONTIERSENERGY.COM / 02#4H NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION REASONS TO CONSIDER PORTUGAL Portugal - one of the few countries capitalising on the «young» & the <<old>> economy According to the Institute for Economics and Peace, Portugal occupies 3rd place on the podium of the safest countries in the world. Portugal is in a unique spot with its high quality of life, good healthcare, low crime rate, zero taxes on pensions and consistent weather to capitalize on the «Silver Economy» a term used for the spending power of 60+ olds which will reach $15 Trillion by 2020. Increased demand for the country as a tourist destination by millions of people around the world; Evolution of the real estate market, mainly in Lisbon, Porto and Cascais, as well as in premium and highly consolidated tourist areas Portugal's brand is evolving, as investors become aware of the quality and availability of infrastructure, international accessibility, affordability, its welcoming nature and most importantly the quality of life that it has to offer. No.1 World's best Residence- by-Investment Program 2021 No.1 In Europe for expatriates - expat Insider CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM No.3 Safest country in the world No.3 No.6 Strongest passport in the world Lowest Cost of Living in Europe No.10 Best democracy in the world No.11 Largest Exclusive Economic zone in the world No.15 Quality of Infrastructure in the world /03#5☐ H NEW FRONTIERS ENERGY FUND FIVE REASONS TO CONSIDER PORTUGAL FOR A GOLDEN VISA ACCESS TO WORLD CLASS HEALTHCARE AND EDUCATION OPENS UP A WORLD OF POSSIBILITIES AND PROVIDES GATEWAY TO THE EURO-ZONE, SCHENGEN AREA AND EU POLITICAL AND ECONOMIC STABILITY SAFE & SECURE ENVIRONMENT TO RAISE A FAMILY CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM TEMPERATE CLIMATE YEAR ROUND AND HIGH AMOUNT OF DAILY SUNLIGHT HOURS INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION COMPARABLES + * Longer wait period for green card Requires job creation until you become a citizen Program complexity Very harsh climate conditions with temperature getting below -30 degrees Higher minimum stay requirement (3 out of 4 per year) Higher investment amount ($3.5 million) Higher minimum stay requirement Time duration due to backlog Higher investment amount ($2.4 million) Higher minimum stay requirement (6 months per year) Longer wait period Australia doesn't guarantee direct citizenship Higher investment amount ($3.75 million) / 04#6H NEW FRONTIERS ENERGY FUND PORTUGUESE GOLDEN VISA A SIMPLE SCHEME No.1 AMOUNT OF INVESTMENT EUR €500k or €350k CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION No.2 MINIMUM STAY REQUIREMENT 7 days per year No.3 EASE OF APPLICATION Simplified / Streamlined process No.4 PORTUGUESE CITIZENSHIP Temporary residency in 6 months Portuguese citizenship after 5 years / 05#7H NEW FRONTIERS ENERGY FUND GOLDEN VISA COMPARISON Investment Criteria Additional Benefits PORTUGAL €500,000 GREECE €250,000 Real Estate Work and Study Schengen Travel No Work and Study Schengen Travel INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION MALTA SPAIN €350,000 (Incl €60k donation) in Bonds and Real Estate €500,000 Real Estate No Work and Study Schengen Travel Work and Study Schengen Travel Stay requirement to retain Residence Route to Citizenship Family Included Inheritance & Gift Tax 7 Days a Year 5 years of residency 7 Days a Year Basic Language Test Spouse, Dependant Children, Dependent Parents No tax for direct descendants and ascendants No minimum requirement 7 years of residency 183 days a year Language and Citizenship Test Spouse, Dependant Children, Dependent Parents From 10% (immediate family) up to 40% No minimum requirement 5 years of residency 183 days a year Language and Citizenship Test Spouse, Dependant Children, Dependent Parents No tax for direct descendants and ascendants No minimum requirement 10 years of residency 183 days a year Language and Citizenship Test Spouse, Dependant Children, Dependent Parents Between 1-7% depending on region CORPORATE PRESENTATION / NEWFRONTIERSENERGY.COM / 06#8NEW FRONTIERS ENERGY FUND A GOLDEN OPPORTUNITY POWERING A SUSTAINABLE FUTURE FOR GENERATIONS TO COME CORPORATE PRESENTATION / NEWFRONTIERSENERGY.COM / 07#9☐ ☐ NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION OPPORTUNITY There is currently a significant funding gap that exists between the early stage development and the "Ready to Build" (RTB) stage of large scale ground-mounted solar projects. Reaching RTB stage of the development process can see prices appreciate dramatically, once Grid connections, Build permits and Environmental permits have been secured. The opportunity therefore lies in acquiring early stage sites at attractively low prices, ideally with Planning Permission in place and then developing the project further through the Grid Connection and Build Permit stage, in order to secure Finance for Construction and Energisation. NFEF STRATEGY As one of very few Golden Visa funds that invests exclusively in renewable energy, the team behind NFEF has identified a number of attractive projects, including a 200MW ground-mounted solar/PV project located in Southern Portugal. By investing in early-stage sites at low attractive prices, with Planning Permits in place, and further developing the projects through the Grid Connection and Build Permit stage, our investors can capture significant price appreciation once these permits have been secured. NFEF is dedicated to financing high-quality renewable energy projects while offering our investors opportunities to secure a Golden Visa through sustainable investments. CORPORATE PRESENTATION / NEWFRONTIERSENERGY.COM / 08#10☐ H NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION INITIAL TARGET - "ACORDO LIST" The Portuguese government's General Directorate of Energy and Geology's (DGEG) has set an ambitious target of 8.1 GW to 9.9 GW in installed solar capacity by 2030. At the end of 2020, solar power installed capacity totalled 1.03 GW and represented only 3.6% of total power generation in 2020. This target is likely to be revised upwards therefore there is significant political impetus to fast-track solar projects throughout the country. The Portuguese government created the "Acordo" scheme in 2019. The scheme was created to facilitate further production of solar projects and to meet the DGEG's goals. Once a permit is granted under the Acordo scheme, it solely allows solar producers the opportunity to sell capacity into the grid. An Acordo license does not however provide an automatic DIA/ environmental study license, nor does it provide a construction license, municipality sign off or central grid connections. 9.9GW The Portuguese government's target for total installed capacity by 2030 CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM / 09#11☐ H NEW FRONTIERS ENERGY FUND PORTUGUESE ENERGY PRICES Due to the ongoing Ukraine crisis, prices in Portugal have followed a similar trajectory to the rest of Central and Southern Europe. Wholesale electricity prices have risen from a historical average of around €60 per MWh to a peak of €283 MWh in March 2022, since dropping to around €143 MWh. Total consumption is around 46.9TWh, with total generation capacity currently at around 56.9TWh. About 50% of this capacity is generated by renewables, with almost nothing coming from Nuclear sources. 46.9TWh TOTAL CAPACITY IN PORTUGAL רק 4.77M POPULATION CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION 22TW 2060MW FOSSIL HYDRO-POWER 2.1M 1MW 7670MW NUCLEAR WIND SUITABLE HOMES / 10#12☐ H NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION SAMPLE PROJECT The team has identified a number of suitable projects, one of which is a 200MW ground mount solar/ PV project located in Southern Portugal, one of the highest yielding (sunlight) locations in Europe, with a projected output in excess of 408,000 MWh per annum. The region receives approximately 3,000 hours of sunlight per year, which surpasses that of most of Europe. This sunny climate greatly benefits the solar PV projects, as it maximizes the energy yield output of the photovoltaic panels. Clear skies and low levels of air pollution provide an optimal environment for the solar panels as it reduces the risks of any blockage from dust or other particles. With this, the Algarve's energy profile. has significantly improved, with a rising demand for renewable energy, making it an attractive location for investors seeking to develop solar PV projects. Month ALGARVE STATS • 410 Hectares of land • Total generation capacity of up to 195 Mega Watts • Rising demand for commercial sources of energy in the region Strong connection with municipality for further projects • Potential for 20% additional capacity • Prime area for sunlight hours in Southern Europe • Existing grid infrastructure from neighbouring projects • Environmental sign off expected in May 2023 January February March April May June July PORTUGAL GHI (KWh per M2) Global Horizontal Irradiance 94.3 DHI (KWh per M2) Diffused Horizontal Irradiance 25.7 Average Temperature (Celsius) 9.9 100.8 35.8 10.9 110.1 56.6 12.6 164.4 63.4 15.6 214.8 73.6 18.5 219.1 68.5 22.0 255.2 55.2 25.4 August 217.8 56.2 26.9 September 159.3 52.0 23.0 October 119.7 43.3 18.1 November 87.3 29.9 12.7 December 63.3 30.6 11.0 Year 1806.1 590.7 17.0 CORPORATE PRESENTATION / NEWFRONTIERSENERGY.COM / 11#13☐ ☐ NEW FRONTIERS ENERGY FUND COMPANY INTRODUCTION INTRODUCING THE SKILLED AND EXPERIENCED TEAM BEHIND NFEF CORPORATE PRESENTATION / NEWFRONTIERSENERGY.COM / 12#14☐ H NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION Bison Bank NFEF FUND SERVICE PROVIDERS The New Frontiers Energy Fund benefits from high quality counter- parties and service providers, ensuring maximum transparency for investors and a high level of investor security. The fund is also regulated by the The Portuguese Securities Market Commission, also known by its initials, "CMVM", which supervises and regulates securities and other financial instruments and the activities of Portuguese market participants. CMVM COMISSÃO DO MERCADO DE VALORES MOBILIÁRIOS CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM Fund Box SCR AUDITOR ADC SROC is a Lisbon-based audit firm offering financial audit services to SMES & multinational corps. They have significant experience in fund auditing. DEPOSITARY BANK Bison Bank provides banking services to individuals and institutions through a platform connecting European, Asian and other global markets. Strong expertise in the Golden Visa eligible funds. LAW FIRM SHANNON FUND MANAGER FundBox SCR is the FundBox AIFM specializing in private equity, held by FundBox Holdings and senior management. Fund Box funds represent more than €420mn of AuM with an extensive track record in real estate funds built over more than 20 years of experience cca LEGAL COUNSEL A full-service law firm in Portugal with over 200 employees, including over 80 lawyers. Offering expertise in several legal practice areas and represents a diverse range of international clients, including large corporations, banks, and non-profit organizations. TECHNICAL ADVISOR A specialist Renewable Energy Development company with many years experience in the financing, development, construction and management of Utility Scale Renewable Energy Projects. / 13#15☐ H NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION SHANNON ENERGY - INTRODUCTION Shannon Energy, the Originator and technical project manager for the New Frontiers Energy Fund, is a specialist Renewable Energy Development company with many years experience in the financing, development, construction and management of Utility Scale Renewable Energy Projects. 1,000MW Renewable energy projects in Ireland by 2030 CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM SHANNON ENERGY OBTON / 14#16☐ H NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION PROJECTS COMPLETED Shannon Energy, the specialist energy consultant to NFEF, is a specialist Renewable Energy Development company with many years experience in the financing, development, construction and management of Utility Scale Renewable Energy Projects. Shannon Energy have a strategic partnership with Obton A/S to deliver up to 1,000 MW of renewable energy in Ireland by 2030 which will provide enough power for up to 200,000 homes. Shannon's goal is to assemble a diverse portfolio of projects that will provide a supply of solar- generated electricity for many years to come. 1,000MW RENEWABLE ENERGY 15 200,000 HOMES CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM / 15#17☐ H NEW FRONTIERS ENERGY FUND SHANNON ENERGY TIMELINE SUCCESSFUL EXIT 100 MW project sold to Obton A/S INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION SHANNON ENERGY 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 RAISED FINANCE Raised Finance and Partnered with Phelan Energy to develop 150MW solar project in South Africa 200MW PROJECT Developed a 200MW project in Iran with Macaferri Group RELATIONSHIP WITH OBTON A/S Developed 100MW project in Hungary PRODUCTION Energised and in production since 2016 CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM 1,000MW TARGET IN IRELAND Currently building the first 100MW • Developing 250MW for RESS 3 • Land-banking a further 750 MW in Ireland DEVELOPING 500MW PIPELINE IN PORTUGAL . • 1st Project at Santa Marta 200MW ⚫ 300 MW Pipeline under investigation and screening . / 16#18NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION SHANNON ENERGY COMPLETED PROJECTS 105MW OF SOLAR FARMS GALWAY 5MW OFFALY IRELAND 5MW TIPPERARY 10MW IN IRELAND ALONE WATERFORD 25MW CORPORATE PRESENTATION / NEWFRONTIERSENERGY.COM CORK 15MW SHANNON LONGFORD 10MW MEATH 5MW ENERGY WEXFORD 30MW / 17#19☐ H NEW FRONTIERS ENERGY FUND OUR TEAM: INVESTMENT MANAGER FUNDBOX SCR Fund Box SCR RUI ALPALHÃO, MANAGING DIRECTOR & PARTNER Rui has more than thirty years experience in investment and fund management. He was a fund manager for Banco Totta & Açores, today part of Santander for ten years before launching his brand FundBox in 2004. Since then FundBox funds have raised more than €600mn and executed more than 650 transactions in real estate, private equity and other alternative assets. CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION / 18#20☐ H NEW FRONTIERS ENERGY FUND OUR TEAM: TECHNICAL ADVISOR NOEL SHANNON MANAGING DIRECTOR & PARTNER CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM Noel has a history of achievement in the IT and Renewable Energy sectors. He is the co-founder and Chief Executive of Shannon Energy with responsibility for Business Development in Ireland and mainland Europe. He is currently active in all aspects of negotiating utility scale project development from Land Acquisition through to Finance and Construction. INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION / 19#21☐ NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION OUR TEAM: INVESTMENT ADVISORS MELVILLE CONSULTING (INTERNATIONAL) LIMITED ADAM DUTHIE MANAGING DIRECTOR & PARTNER Adam Duthie is a senior corporate finance lawyer with over 25 years' experience advising on the creation, management and restructuring of investment funds and private equity houses. He's also a trusted advisor to public and private companies on M&A, direct investment, regulation, and compliance, and has vast experience in capital markets, restructuring and governance. DAVID RUSSELL DIRECTOR David, a Scotland-born law graduate from the University of Edinburgh, spent over 10 years advising clients in traditional and alternative investments worldwide. He now runs DRC, a financial consultancy firm in Edinburgh, specializing in private debt, equity, and listed debt. CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM / 20#22☐ H NEW FRONTIERS ENERGY FUND SUMMARY TERMS - NEW FRONTIERS ENERGY FUND TARGET NET RETURN: STRUCTURE TYPE: NAME: ASSET CLASS: STRATEGY: FUND STRUCTURE: FUND MANAGER: AUDITOR: INVESTMENT ADVISOR: DEPOSITARY BANK: CURRENCY: MINIMUM INVESTMENT AMOUNT: MINIMUM SUBSEQUENT: 8-10% per annum Portuguese Private Equity Fund The New Frontiers Energy Fund ("NFEF") Private Equity Growth Capital CEIC NON-UCITS - Fund Box SCR S.A. AdC SROC Melville Consulting (International) Limited Bison Bank S.A. EUR (€) €50,000 MANAGEMENT FEES: INCENTIVE FEES: INITIAL CHARGES: FUND INCEPTION: TARGET RAISE: SUBSCRIPTIONS/ REDEMPTIONS: €10,000 0.5% of NAV per annum paid quarterly 50% of carried interest per annum; subject to high-water mark Up to 3% 28th April 2023 €25 Million Daily/Until Maturity CORPORATE PRESENTATION / NEWFRONTIERSENERGY.COM INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION / 21#23NEW FRONTIERS ENERGY FUND CONTACT Regal Consultancy International Sovereign Place, 117 Main Street, Gibraltar GX11 1AA T: +44 (0) 203 668 1450 E: [email protected] DISCLAIMER Issued and approved by FundBox SCR SA. "FundBox" is a registered trade mark of FundBox Holdings SA and a trading name for two Comissão de Mercado de Valores Mobiliários (CMVM) regulated entities: First FundBox SGOIC and secondly, FundBox SCR, all having their registered office at the above-mentioned address. This document is provided to give an indication of the investment and does not constitute an offer or invitation to sell or buy any securities in any fund managed by us nor a solicitation to purchase securities in any company or investment product. It does not form part of any contract for the sale or purchase of any investment. The information contained in this document is for guidance only and does not constitute financial advice. The Fund price is calculated on a net asset value basis, which is the total value of all assets in the portfolio including any income and expense accruals. Please note that all FundBox funds carry some degree of risks which may have an adverse effect on the future value of your investment. Any offering is made only pursuant to the relevant offering document, and the relevant subscription/application forms, all of which must be read in their entirety. No offer to purchase units will be made or accepted prior to receipt by the offered of these documents, and the completion of all appropriate documentation. Use or rely on this information at your own risk. Independent professional advice should always be sought before making an investment decision as not all investments are suitable for all investors.