What is your assessment of the general financial condition of Shearwater?! EXHIBITI Number of Shearwater Customers by Service and Geograp- Total Botswana Service Zimbabwe Zambia 19.121 27.263 7.253 21.013 Transport Accommodations Activities Retail Restaurants Total 100,524 8.635 120,974 30,612 183003 443,748 146,908 8.635 149.240 30.612 183,003 518,398 26,374 48,276 Source: Shearwater company reports EXHIBIT 2 Shearwater Business Location Analysis (Dollar amounts in USD) Zambia Zimbabwe Botswana Number of Guests Average Revenue Operating costs per Guest 443,748 $59.12 $(50.80) 26,375 $64.59 $147.98) 48.276 $46.86 $132.74) Source: Shearwater company reports EXHIBIT 3 Shearwater Balance Sheet Zimbabwe Zambia Botswana Fixed Assets Current Assets Total Assets Total Equity Borrowings Current Liabilities Total Liabilities Total Equity & Liabilities $ 6,639,773 6,379,059 13.018,832 15.270,905) (2.941.266) (4.806.926) 7.748,192 $(13.019,097) $ 302,041 306,740 608,781 (301,122) (0) (307,660) 307,660 $(608,782) $ 353,657 796,923 1,150,580 (192.238) (607,368) (350,973 1958.341) $(1.150,579) Source: Shearwater company reports EXHIBIT 4 Shearwater Business Sector Highlights, 2017 (Dollar amounts in USD) Transport Activities Accommodations Shops Cafes Number of Guests Sales & Other Income Average Revenue Operating Costs Operating Costs per Guest 146,909 149.240 $ 2.216,846 $ 14.182,462 $21 $135 $(1.724,414) S(10,911,861) $16.72 $104.14 8,634 $ 190,698 $31 $(311.733) $51.41 30,611 $1,171,944 $54 $ 1957,558) $44.55 183.002 $2,100,934 $16 (1.940,915) $15.11 Source: Shearwater company reports