Sino Agro Food Inc (fka SIAF)

[Petrejus]

Treit.

Unlike yourself and Viking I am not very analytical and skilled with detailed calculations .

The basic reason for my $1,40-prediction is simply the conversation I had with mr Tan during his visit in Stockholm, together with mr Lee in April. I asked him how long SIAF can go on growing with 100% year over year. The reply was: "At least 3-5 years". I also have a hunch that mr Lee now wants to start exceeding expectations (under promise - over deliver) in order to speed up the process of getting the investor community to discover the "real" value of this company and take the PPS to where it belongs.

I think mr Lee sees a psychological value in exceeding the forecasted results for 2012 and I think that he deliberately has kept his guidance low. Because of this I think that the results will exceed the forecasted 68 cents. I also think that SIAF now has entered a phase of even stronger growth and this could take us to $1,40 for 2013.

I am not an analytic so I can not give you any calculations that support my figures, they are merely plain guessing.