THE LETTER FOR EASE OF READING
May 28, 2010
Johannesburg Stock Exchange
Via Email – info@JSE
Botswana Stock Exchange
Via Email – info@bse.com.bw
Re: Wilderness Holdings, Ltd. dba Wilderness Safari
Dear Sir or Madam:
It has come to the Mouvman Seselwa Rasin’s (“The Mouvman”) attention that Wilderness Holdings Group, Ltd. may have a listing on your respective stock exchanges.
The Mouvman believes that Wilderness Holdings Group, Ltd. dba Wilderness Safaris, or one of its affiliates or subsidiaries, currently owns a long term lease of North Island in the Republic of Seychelles.
The Mouvman is informed and believes that this lease agreement was obtained in what The Mouvman considers to be circumstances that can be described as questionable. As such, when The Mouvman installs a Rasin-sit government in Seychelles it intends to review this lease agreement under the provisions of Article XX of the Rasin-ist Creed.
Article XX of the Rasin-ist Creed states: “Any gains or any other assets or rights accumulated by any person who obtained them or any part of them by any bribes, insider dealings or any other fraudulent or illegal means shall be forfeited to the Government of Seychelles in addition to the imposition of any applicable criminal or civil penalties.”
In addition, a Rasin-ist government will seek to reduce any lease term of North Island to a maximum of seventy-five (75) years under Article XIX of the Rasin-ist Creed.
This information should be included in any prospectuses or disclosure statements required from the listed company, and should be made available to any potential purchaser of its shares or interests related to North Island.
Sincerely,
Leonard Francis Gill
Member - Leadership Committee
Cc: Botswana Gazette – Via Email – info@gazette.bw.com
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