Investor Presentaiton

Union Européenne . XXXXX 7 Pacific Community ANNIVERSARY ANNIVERSAIRE Communauté du Pacifique 8.2 Management Regime Trochus Fishery is managed by the Island Council Conduct of the fishery and the distribution of financial benefits Harvesting Regime: - - - - TAC is calculated by MMR Harvest level set to maintain the stock at a sustainable level of long-term production (30% of the harvestable sizes 80-110 mm) Harvest period for 1-2 weeks for every 2 years TAC divided by the no. of households on the island - now, its slightly change to individual quota. This quota can either be caught by that family/individual during the harvest period, or in the case of those who are unable to do their own fishing, transferred to another family/individual. Island Council supervises the collection, shipping and sale of shells and distributes the resulting cash according to the allocated quota. This "community transferable quota" system is currently unique in the world. - Size limits is 80-110 mm shell diameter - In addition no harvesting allowed at any time from the trochus reserve area. INTEGRE

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