Sino Agro Food Inc (fka SIAF)

[The Swede]

During the 1st Quarter of 2015, the Company secured the services of a number of well know financial institutions as financial advisors to assist the Company, and have obtained loan agreements from other well established financial institutions as follows:

On March 12, 2015 we engaged Burnham Securities, Inc. (a leading U.S. underwriter 1930) to provide the Company with advisory services in respect of the Company’s future financing plans and activities. This is another milestone in the Company’s corporate strategy to successfully complete the five-year investment plan we initiated in 2010. Burnham’s affiliation with major China-based investment funds is expected to bring SIAF deep relationships and experience in the capital markets that will help us to continue to enhance shareholder value.

On March 13, 2015 we engaged Arctic Securities AB (a leading financial institution in Norway with extensive experience and investments in fishery operations) to provide the Company with advisory services in respect of the Company’s future financing plans and activities in the Nordic region. This is another milestone in the Company’s corporate strategy to successfully complete its future investment and expansion plans from 2015 onward. Arctic Securities is one of the leaders in fishery capital market investments, which we expect to further enhance shareholder value.

Also during the first week of March 2015, the Company secured two loans from two reputable financial institutions in the United States based on the following principal terms and conditions:

1. Loan Principal: US$10 million on Loan 1; US$15 million on Loan 2.
2. Disbursement Terms: Between one week and one month per tranche, depending on the Company’s needs.
3. Loan Term : 3 years
4. Interest Rate: 3.5% per annum for Loan 1; 5% per annum on Loan 2, payable quarterly.
5. Repayment of principal: Lump sum at maturity
6. Security: Collateralized with Company shares secured at 80% loan-to-value at the previous 3-day market average at the time of withdrawal.
7. Return of security: Within 7 days after repayment of principal and outstanding interest (if any)
8. Other clauses: Including other general loan clauses (i.e. Default clauses, penalty interest, etc.)

The Lenders of these two loans has agreed to the loan amount of $10M and $15M respectively, however we are starting with a loan of $5M from each lender collectively to $10M that are secured by shares of the Company owed by a number of un-related third parties who agreed to pledge their respective shares for the Company to secure the said loans and at maturity of the loans, said shares will be returned to the pledgors respectively.