OVERVIEW OF TCG PLC

• Background

  TCG was formed in 2021 in Lindi, Tanzania. The company is planning to operate a cashew nut processing facility to cater to both domestic and international markets. This direct-to export model maximizes value addition within Tanzania and builds strong relationships with international buyers. The planned facility has a capacity to process 9,000 mt of raw cashew nut (RCN) per annum.
  The partner growers are members of the Lindi association called Taruchina Cashew Growers Association, covering over 20,000 hectares, with close to 4,000 hectares currently planted with cashew trees. Current production of raw cashew nuts (RCN) is approximately 5,000 metric tons per year, with the total potential of the entire block estimated at about 25,000 metric tons annually.
  TCGPLC has obtained a single factory unit export processing zone developer’s license number 319D from Tanzania Investment and Special Economic Zones Authority (TISEZA) for a period of 2 years from August 2025 to August 2027. The license offers incentives such as tax and duty exemptions on construction materials and other capital goods, corporate tax exemptions for a period and other benefits to encourage development of special economic zones infrastructure.
  TCG PLC has registered its flagship cashew product, branded as ‘Serengeti Cashewnut’, as a trademark with BRELA and secured a patent for its farm inputs products.

• CHAIRMAN’S STATEMENT

  Dear Shareholders, Prospective Investors, and Valued Stakeholders,
  On behalf of the Board of Directors, we invite you to participate in our Initial Public Offering (IPO) and become Shareholders. Our decision to offer shares to the public reflects our commitment to sustainable growth, strong corporate governance, transparency, and creating long-term value for our shareholders and other stakeholders.
  Tanzania is among the world's largest producers of raw cashew nuts, yet a significant proportion of the crop is exported without value addition, this Offering represents an important milestone in our Company's evolution and provides an opportunity to invest in a business established to unlock value across one of Tanzania's most strategic agricultural sectors. It is a significant step in our journey to build a modern, competitive and sustainable processing facilities that delivers long-term value for shareholders while contributing to Tanzania's industrialization and economic transformation.
  The company has been registered under the Export Processing Zone (EPZ) programme administered by the Tanzania Investment and Special Economic Zones Authority (TISEZA). This strategic status provides a supportive investment framework that promotes export-oriented manufacturing, encourages industrial growth, and enhances the competitiveness of Tanzanian products in international markets. We believe this positions TCG PLC to become a significant contributor to Tanzania's export earnings while supporting national economic development.
  The proceeds from this IPO will be invested in the construction of a modern cashew processing factory, warehousing facilities, administration buildings, utility infrastructure, and other supporting facilities required to commence commercial operations. The funds will also strengthen the Company's working capital to support procurement, production, and expansion into international markets.
  Our long-term vision extends beyond processing cashew nuts. We aspire to build an integrated agribusiness that promotes innovation, sustainability, product diversification, and strong partnerships throughout the agricultural value chain. We remain committed to responsible environmental practices, supporting local communities, empowering farmers, and maintaining the highest standards of quality and food safety.
  The Board recognizes that successful companies are built on disciplined execution rather than aspiration alone. Accordingly, our focus is on implementing a clear strategy supported by prudent capital allocation, operational excellence, strong governance and sound risk management. These principles guide every significant decision we make to ensure the capital entrusted to us is deployed efficiently to achieve the strategic objectives outlined in this Prospectus and deliver sustainable value to our shareholders.
  The Board acknowledges that every investment carries risk. While external factors such as commodity markets, foreign exchange movements, climate variability and global economic conditions remain beyond our control, our commitment is to manage these risks proactively through disciplined governance, financial resilience and strategic agility. We believe that companies which consistently create value are distinguished not by the absence of risk, but by the quality of their leadership and the discipline with which they respond to change.
  As prospective investors, you are not merely providing capital; you are becoming long-term partners in a Company with a clear strategic purpose, strong governance foundations and a commitment to creating sustainable value. We fully recognize the trust you place in us and remain committed to earning that trust through integrity, disciplined execution and responsible stewardship.
  On behalf of the Board, I extend my sincere appreciation to our shareholders, regulators, business partners, employees, farmers and advisers whose commitment has brought the Company to this important stage of its development. I also thank you for considering this investment opportunity and warmly invite you to join us as we build a company that aspires not only to commercial success but also to become a benchmark for excellence, sustainability and value creation in Tanzania's most important economic sector
  I also extend a warm invitation to prospective investors to become shareholders of TCG PLC. By investing in our Company, you are investing in Tanzania's industrial transformation, agricultural value addition, export growth, and the long-term prosperity of one of the country's most important economic sectors.
  Thank you for your trust and confidence in us, looking forward to creating lasting value together.
  Yours faithfully,
  Eng. Suphian Salum Mbwana
  Chairman
  Board of Directors
  Tanzania Cashew Growers PLC