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Quantum Global Comments on Events in Mauritius

EBENE, Mauritius, April 18, 2018 – Quantum Global group announced today that the seven
private equity funds managed by the Company are experiencing significant and growing
financial damage as a result of the freezing of the company’s bank accounts and the
suspension of its investment licenses by the authorities in Mauritius.

Quantum Global petitioned the Court to oblige the authorities to disclose the underlying
reason for freezing the bank accounts and suspending the Company’s licenses. The Company
welcomes the fact that the Financial Services Commission and the Financial Investigation
Unit have been called before the Court to explain their actions, with a hearing set for Friday,
April 20th.

“We look forward to hearing the rationale used to move against us, but it is worth noting that
actions taken have already had a significant negative impact on our reputation and the
businesses we operate, and these damages are rising every day,” said Jean-Claude Bastos de
Morais, Founder and Group Chairman of Quantum Global.

Quantum Global manages seven major private equity funds in Mauritius, with more than a
dozen major investments in African infrastructure, health care, timber, agriculture, hotels,
mining and structured equity.

“We have been unable to fulfil our basic obligations towards staff, investment partners,
creditors, contractors and tax authorities because of the actions taken by the authorities,” Mr
Bastos said. “If this situation drags on, it could trigger serious legal and contractual disputes
including claims for damages, the suspension of banking relationships and the imposition of
penalties.” he added.

Thousands of valued employees across Africa are not able to receive their salaries, including
30 staff in Mauritius.

In addition to the rising costs to the business, Quantum Global’s investment funds are also
missing out on new opportunities to follow through on deal negotiations, both in terms of
completing new investments and selling interests in existing investments.

“For every extra day that the restriction order and freezing orders are in place, the costs of
this disruption rise significantly. We look forward to defending ourselves when the reasons
for these actions have been disclosed, and we are confident of a positive outcome once all the
facts are known,” Mr Bastos said.
Quantum Global conducts its activities in accordance with approved investment policies and
applicable laws in Mauritius and worldwide. The seven investment funds based in Mauritius
comply with strict IFRS reporting standards.

ENDS