Turkey Farmland

Esterad Bank along with its investors currently own over 10 million square metres of farmland in Turkey, with a total planted area of approximately 8 million square metres; and more than one million organic apple, pear, sour cherry and peach trees having been planted. The land has been leased to Goknur Foods Import-Export Trading & Distribution Company – the leading Turkish fruit concentrate company – which will handle the entire process of plantation, harvesting, marketing and sales through a management and off-take agreement. The Company’s total land bank has since grown to over 10 million square metres, with a total planted area of approximately 8 million square metres; and more than one million organic apple, pear, sour cherry and peach trees having been planted. The Company is focused on acquiring and planting farmlands that are adjacent to each other in order to expedite revenue generation and minimise costs associated with planting. In addition, it continues to explore diversification through new business activities that can complement its core operations.