Project SunRise Oils – Business Plan

Investment-grade business plan for Project SunRise Oils (Pty) Ltd — a ZAR 850-million raise to build a vertically-integrated sunflower seed crushing, refining and bottling platform in South Africa, scaling revenue from ZAR 570 million to ZAR 1,840 million by Year 5 at a 22.4% project IRR and a 31.7% equity IRR.

Confidential Business Plan

Project SunRise Oils

A vertically-integrated sunflower seed crushing, refining and bottling platform in South Africa — capturing the full value chain from farmer offtake through extraction and refining to branded retail and B2B edible oil, sited in the Free State / North West heartland to minimise freight — structured as an investment-grade ZAR 850-million opportunity for senior lenders and equity investors.

Legal Entity
Project SunRise Oils (Pty) Ltd
Operations
Free State / North West, RSA
Capital Raise
ZAR 850 million
Funding Structure
~29% equity / 71% debt
Revenue (Yr1 → Yr5)
ZAR 570m → ZAR 1,840m
EBITDA (Yr1 → Yr5)
ZAR 78m → ZAR 432m
Year 5 EBITDA Margin
23.4%
Project / Equity IRR
22.4% / 31.7%
Equity Payback
4.3 years
Sector
Agri-Processing & Edible Oils
The Opportunity

South Africa consumes far more sunflower oil than it refines locally — importing a large share of demand despite producing roughly 439,000 tonnes of sunflower seed a year — leaving a structural import-substitution gap in a staple food category. Project SunRise Oils captures this with a fully vertically-integrated crushing, refining and bottling platform anchored by farmer offtake contracts and sited in the Free State / North West production heartland (~86% of national output with North West and Limpopo) to slash inbound freight — a ZAR 850-million raise scaling revenue from ZAR 570 million to ZAR 1,840 million and EBITDA from ZAR 78 million to ZAR 432 million (a 23.4% margin) by Year 5, self-funding from Year 3, delivering a 22.4% project IRR, a 31.7% equity IRR and a ZAR 412-million project NPV.

Plan Contents

This investor-grade business plan is organised into the sections below. Each section is a dedicated page — select any to explore the full detail.

Confidentiality & Disclaimer

This Business Plan (the “Plan”) is confidential and proprietary to
Project SunRise Oils (Pty) Ltd (“the Company”). It has been prepared
solely for the purpose of evaluating a potential investment in or
financing of the Company and may not be reproduced, distributed, or
disclosed, in whole or in part, to any third party without the prior
written consent of the Company.

The information contained herein is based on the most reliable
sources available at the time of writing, including data from the South
African Department of Agriculture, the Bureau for Food and Agricultural
Policy (BFAP), the South African Grain Information Service (SAGIS), the
United States Department of Agriculture Foreign Agricultural Service
(USDA FAS Pretoria), Agbiz, and independent industry research from
Mordor Intelligence, Fortune Business Insights and IndexBox. While
considerable care has been taken to ensure accuracy, the Company makes
no warranty, express or implied, as to the accuracy or completeness of
any third-party data.

Forward-looking statements regarding revenue, costs, capacity
utilisation, margins, and capital structure are based on current
management assumptions. Actual results may differ materially. Recipients
should conduct their own due diligence before making any investment,
lending or other decision in relation to the Company.

By accepting delivery of this Plan, the recipient agrees to: (i)
treat the Plan and all information contained herein as strictly
confidential; (ii) use the information solely for the purpose of
evaluating the proposed investment or financing; and (iii) return or
destroy the Plan upon request.

Document Information

Document title: Project SunRise Oils — Investment-Grade Business
Plan Version: 1.0 | Date issued: May 2026 Prepared by: Project SunRise Oils Executive Team & external
advisors Audience: Senior debt providers, blended-finance partners,
private-equity sponsors, development finance institutions Currency: All figures in South African Rand (ZAR) unless otherwise
stated

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Project SunRise Oils (Pty) Ltd.