Stranger : Alchemy Utilities RTO

Overview of the RTO

Stranger Holdings Plc is a London Listed vehicle established to acquire companies in the industrial and services sector, which it can help grow both operationally and in valuation

Heads of Terms to acquire Alchemy Utilities Holdings Limited, a multi-divisional, Irish-based sustainable utility company

Up to £20 million being raised to fund the roll-out of Alchemy's revolutionary Thermophilic Digestion ('TD') technology. First £5 million deployed on strategic European demonstration sites

Overview of Alchemy

Portfolio of world changing, sustainable utility technologies, revolutionising the supply of renewable, low/zero carbon regenerative systems that are viable without government incentives

A suite of proven technologies with strategic IP and patents; primary technology, Alchemy TD, a revolutionary digestion process creating biogas and nitrogen rich, high value fertiliser from organic feedstock

Defined roll-out strategy with near and long-term revenue visibility - 20 year full managed service contracts per project with IRRs of 25%+ and EBITDA margin 85%+

Multiple long-term revenues that de-risk and secure coupon payments, received from:

• • Feed In Tariff

• • Renewable Heat Incentive

• • Electricity Sale

• • Heat Sale

• • Biogas Sale

• • Fertiliser Sale

• • CO2 Sale

*

Total Net Profit compared with Borrowing and interest level

Total Net Profit

80,000,000 70,000,000

60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000

-

1

£150/tonne fertiliser

Fertiliser @ £400/tonne

High Sensitivity*

Fertiliser @ £150/tonne

2

£400/tonne fertiliser

3

Annual interest chargesAnnual borrowing

*Dramatic profit upliſt from sensitivity to fertiliser price

4

Other opportunities being developed by Alchemy

RENEWABLE HEAT AND ELECTRICITY FROM WOODCONVERTING WASTE TO ENERGY

DE-SALINATION/PURIFICATION OF

SEA & CONTAMINATED WATER

Disclaimer:

Stranger Holdings PLC is providing this document to selected investment professionals solely for their information in connection with Audley Funding Series 2017-F2. This document does not constitute an offer or placement of, or the solicitation of an offer to buy or subscribe for, securities to any person to whom, or in any jurisdiction in which, such offer or solicitation is unlawful.This document is and may only be distributed in the United Kingdom to persons who fall within the definition of investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or to those persons to whom it may otherwise be lawfully communicated (a "Relevant Person"). If you are not a Relevant Person, you should not rely on the information in this document. This document has not been approved as a financial promotion for the purposes of section 21 of the United Kingdom's Financial Services and Markets Act 2000. Whilst prepared in good faith, the information contained in this document does not purport to be comprehensive and has not been verified. The information contained in this document contains past and future performance indications, which are not reliable indicators for actual performance. No representation or warranty is made or given as to the accuracy or completeness of the information contained in this document. None of Stranger Holdings PLC, its partners, employees, agents or advisors, or any other person or company mentioned in this document accepts any liability for the content of this document.