Amendments to original SEZ license increases value-addition from...

Amendments to original SEZ license increases value-addition from the Nachu Graphite Project

• Magnis to progress development plans given stability provided by amended SEZ

•SEZ license permits 100% ownership by Magnis Resources Limited

• Legislative amendments allow for International Arbitration if disputes arise

• Revenues from product sales to be paid into overseas bank accounts – defraying major sovereign risk

• Fiscal stability ensured with a range of incentives including a favourable 10-year corporate tax-free period

• Magnis has the option to enter agreements with other graphite miners in Tanzania for processing and marketing of graphite