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UK-Cote d'Ivoire Trade & Investment Forum - 2013A West African Seed-to-Oil Palm Oil Production CompanyINVESTOR PRESENTATION OCTOBER 20131DisclaimerThe information contained in these slides and this presentation is strictly confidential and is being supplied to you by DekelOil (the Company) solely for your information and may not be reproduced or redistributed in whole or in part to any other person. This document has not been approved by a person authorized under the Financial Services and Markets Act 2000 (FSMA) for the purposes of section 21 FSMA. 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2INVESTOR PRESENTATION OCTOBER 20132COMPANY overviewSignificant near term revenue through processing of contracted smallholders covering 27,000 ha at Companys fully funded 60 t/h mill under construction.3MarketTickerMarket CapmShare PriceShares in IssueNomadBrokersAIMDKL11.731.05p1,301mBeaumont CornishOptiva SecuritiesINVESTOR PRESENTATION OCTOBER 2013His Excellency, Prime Minister ,

I am Youval Rasin, the CEO of DekelOil and it is a pleasure to have the opportunity to speak on behalf of our company which provides an excellent example of co-operation between Cote dVoire and the London investment community.

Dekeloil holds 51% in an established Ivory Coast based palm oil Company

To-date we have invested in our project over 30 million Euros, into securing feedstock, plantations, nursery and a mill, which we understand is the largest in West Africa, capable of producing 70,000 of palm oil per annum.

I am pleased to say that we expect to start producing revenues in Q1 2014, and become cash flow positive next year.

We are fully funded to reach this step

3Cote dvoireDeveloped infrastructure

Highly dominant agriculture industry:Existing agriculture workforceExisting commodity trading infrastructure

The world's largest producer and exporter of cocoa beans and significant producer and exporter of coffee, cashew, rubber and palm oil.

Significant Economy Growth in 2013 is anticipated

Largest Port in West Africa

Abidjan CBD

Abidjan Port

4INVESTOR PRESENTATION OCTOBER 20134Palm oil marketPalm oil is the most widely used edible oil in the world

Demand estimated to double by 2020

Supply side limited by lack of land availability in traditional growth zones in Malaysia and Indonesia

International palm oil majors currently entering or expanding in West AfricaLiberia recently granted 220,000ha to Sime Darby and 350,000ha to Golden Veroleum, owned by Golden Agri-Resources KLK in take over negotiations with AIM listed, Equatorial Palm Oil

West Africa estimated net import demand now 600,000 t/pa

Ivory Coast is the second largest West African palm oil producer and only net exporter in West Africa

5INVESTOR PRESENTATION OCTOBER 2013Palm oil is a commodity

Palm oil is the most widely used edible oil in the world providing more than third of the total edible oil consumption.

90% of demand is related to the food industry, it's being consumed as basic food in the largest growing markets China India and Africa. Current demand is app. 60 mt/pa and is expected to increase to 100 mt/pa by 2020

85% of the supply of oil is currently from Malaysia and Indonesia

The limited availability of land in Malaysia and Indonesia , together with the fact that Palm oil can grow only 10'' of the equator, puts west Africa region as the main expansion area for palm oil industry. This brings leading palm oil corporations to invest in West Africa. In fact 4 out of the top 5 palm oil companies started to invest in West Africa in recent years. In West Africa there is a deficit of palm oil resulting in net import of 600,000 t/pa

Ivory Coast is the second largest palm oil producer in Africa, after Nigeria, and is only net exporter in West Africa

5Ivory Coast Palm Oil MarketModern infrastructure: land, sea, air, electricity and communication

Proven palm oil jurisdiction with an estimated 250,000ha of palm oil plantations

Shortage of Ivory Coast milling capacity for smallholders

Major Cote dVoire Palm Oil Companies

CompanyNo. of MillsHectaresAnnual tons FFBPalm Oil productionPalmCI (SIFCA, Wilmar & Olam) 1239,0001,107,443250,000SIPEFCI 211,035264,08356,778Palm Afrique27,100295,20059,040SOGB16,041110,00022,000Source: Company Analysis1763,1761,776,726387,8186INVESTOR PRESENTATION OCTOBER 2013Ivory coast has a developed agriculture industry with good supporting infrastructure

Beside palm oil CI is the largest producer and exporter of coco beans and a significant exporter of coffee, it also exports cashew, rubber, bananas and pineapples.

In Ivory Coast there a shortage of milling capacity and currently a significant amount of the fruits are not being processed. Which is the basis of our unique opportunity.

Palm CI is the leading palm oil producer.

Dekeloil is aiming to become the second largest palm oil company in Ivory Coast within two years.

6key assetsComputerised nursery facility at Ayanouan with capacity to produce 1m plants27,000ha existing smallholders at the region of Ayanouan output to be processed through mill c.1,900ha of company plantation currently planted at Ayanouan60tn/hr Mill under construction at Ayanouan24,000ha of DekelOil expansion land at DivoAn Established Asset Backed Palm Oil Company7INVESTOR PRESENTATION OCTOBER 2013Fully computerized irrigation and fertilization nursery with a capacity of 1 million plants a year

Purchase rights over 27,000 ha of smalholders existing palm oil plantations

1900 hectares of company plantation

60 ton/h mill under construction

24,000 ha of expansion land

7Location of operations and AssetsAdvantageous location and existing infrastructure

Existing operations are located in Ayanouan, 2hrs from Abidjans port

Expansion 24,000 ha for plantations60t/h mill New Nursery(subject to funding)Existing 27,000 ha small-holders c.1,900 ha company plantations60t/h mill under construction1M plants Nursery Expansion land is located in Divo, 4hrs from Abidjans port

Good road links to the port and to Ghana DivoAyanouanWell Positioned in Terms of Infrastructure8INVESTOR PRESENTATION OCTOBER 2013For orientation purposes the Ayanouan region, approximately 80km east of Abidjan, is where the current operations are the mill and nursery site surrounded by the 27,000 ha of existing smallholders palm oil plantations, and 1900 ha of company plantation.

Approximately 140km West of Abidjan is the Divo region where we have rights to lease 24,000 ha of land for additional palm oil project plantations and mills.860 t/h Palm Oil MilL60 ton/hour mill is being constructed under a turn key agreement by Modipalm, a leading Malaysian manufacturer

Total Mill site size - c.14 hectare, mill floor base - c.9,000 s.q.m. - largest Mill in West Africa

At full capacity can produce 70,000 tons of CPO (Potential revenue of $US56m at palm oil price of $US800/tn)

Options for sale of CPO include sale to major ivory coast refineries, export to bordering countries, sale to commodity traders

Construction well advanced and operations to commence in Q1 2014

9INVESTOR PRESENTATION OCTOBER 2013The 60 t/h mill is being constructed under a turn-key contract with Modipalm, a leading Malaysian mill manufacturer.

60 t/h mill means in terms of annual capacity - means 70,000 tons of CPO at full capacity. This represent at current price levels total revenue of 60m USD, in 2014 as the first year of production we expect to reach 50-60% capacity i.e approximately 35,000-40,000 tons of CPO.

Mill construction is at advance stages

[Pictures]

9Mill Site - march 201310

INVESTOR PRESENTATION OCTOBER 201310Mill site - oCTOBER 201311

INVESTOR PRESENTATION OCTOBER 201311feedstock for THE MillContracts with over 5,000 small holders over 27,000 ha of existing plantations

Estimated annual yields from small holders of 8-12 tns/h of Fresh Fruit Bunch

Small holder output initially to supply majority of mill feedstock allowing near term revenues to be generated

12

c. 1,900 ha planted to date at Ayanouan

Costs to maturity: US$2,000/ha to US$2,700/ha, lower than West African competitors

Mature plantations in Ivory Coast have a peak yield of 20-24t of FFB

2009-2010 planting programme is already yielding

Small holders 27,000haCompany Owned Estates 1,900haINVESTOR PRESENTATION OCTOBER 2013The mill feedstock supply from smallholder under exclusive sale purchase agreement with cooperative and smallholders over 27,000 ha of existing palm oil plantations.

Dekeloil planted 1900 ha of company plantations

We are enjoying very competitive development cost per ha due to the availability of inputs, supporting infrastructure and the fact that we plan on previously cultivated land that means low land preparation costs.

Mature plantation will yield 20-24 t/pa.

We are well regarded from an environmental point of view as the feedstock to the mill comes from existing smallholders plantations and fro company plantations planted over previously cultivated land

12StrategyNear TermProduce 35,000- 40,000 tons CPO in 2014. Objectives include:Complete mill construction Implementation of logistics from small holders Recruitment of operational managementImplementation of ERP system

Medium TermDevelop a further 3,000 5,000 ha of company plantations in close proximity to the first millIncrease yields of small holders plantations Commence planting operations at the 24,000ha Divo site

To develop a vertically integrated large scale palm oil company in West Africa13INVESTOR PRESENTATION OCTOBER 2013To become a significant palm oil producer in West Africa

At the near term to produce 30 40 k tons of COP in 2014 for that we are focusing in completing the mill, recruiting he operational management and implementing the logistic system to collect the fruits from the smallholders plantations

At the medium term to continue planting and plant additional 3-5 k ha near the first mill.And at a later stage commence planting at the 24,000 ha expansion land. 13Cote dVoire Investment OpportunityCote dVoire is an established agriculture market operating in one of the fastest growing countries in Africa

Existing infrastructure is very good for business and we welcome government initiatives to continually improve infrastructure

Government incentives to investors including tax exemptions

The palm oil market will no doubt be a significant industry in West Africa. Cote dvoire is well positioned to lead this market DekelOil has worked in excellent co-operation with all levels of government, local authorities and the community and is looking forward to its next stage of development

14INVESTOR PRESENTATION OCTOBER 2013

farmers organised in cooperatives. Industry support for the floor price.

14Thank you15Key ContactsDekelOil LtdYouval RasinChief Executive OfficerMob: +972544 60467Email: youval@dekeloil.comLincoln MooreExecutive DirectorMob: +447500 090 139Email: lincoln@dekeloil.com

St Brides Media & Finance Ltd

Elisabeth Cowell/ Frank BuhagiarOffice: +44 (0) 20 7236 1177Email: elisabeth@sbmf.co.uk/ Frank@sbmf.co.uk

INVESTOR PRESENTATION OCTOBER 2013