INVESTOR PRESENTATION

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1 B H INVESTOR PRESENTATION January 2019

2 Introduction The Project Mine to Market Strategy The History The Present and the Future Summary 2

3 3 INTRODUCTION

OVERVIEW Shefa Yamim is a multi-commodity explorer of precious stones operating in Northern Israel Significant progress since IPO in December 2017 Three permits (two prospecting and one exploration),

4 OVERVIEW Shefa Yamim is a multi-commodity explorer of precious stones operating in Northern Israel Significant progress since IPO in December 2017 Three permits (two prospecting and one exploration), covering 60,000 hectares and three exploration targets Received first prospecting licence for diamonds, gold and precious stones in the Kishon Mid-Reach Zone 1 that covers an area of 252 Dunams (25.2 hectares) Significant exploration upside within the Mid- Reach, Proximal Reach and longer term, Distal-Reach Focused on Mine to Market strategy by exploring, mining, designing and selling its jewellery pieces 4

GEMSTONES FOUND We have a mine to market proposition with a unique assemblage of precious stones in a unique locality: The Carmel Sapphire - only found in Mount Carmel (Primary source) and Kishon

5 GEMSTONES FOUND We have a mine to market proposition with a unique assemblage of precious stones in a unique locality: The Carmel Sapphire - only found in Mount Carmel (Primary source) and Kishon Mid-Reach (alluvial/secondary deposit) in Northern Israel Carmeltazite, found in the Carmel Sapphire, recognised as a new mineral by the IMA. The stone is a registered brand and has unique qualities, as well as considerable potential as gemstones Natural Moissanite largest quantity and size found globally to date 5

6 6 THE PROJECT

7 MOUNT CARMEL AND THE KISHON RIVER Schematic cartoon showing mineral distribution in alluvial deposits within the Rakefet Kimberlitic Magmatic Complex (RMC) area 7

EXPLORATION & PROSPECTING PERMITS Exploration targets divided into three segments: Proximal-Reach: Primary sources Mid-Reach: Secondary sources (accessible) Distal-Reach: Secondary sources 8

8 EXPLORATION & PROSPECTING PERMITS Exploration targets divided into three segments: Proximal-Reach: Primary sources Mid-Reach: Secondary sources (accessible) Distal-Reach: Secondary sources 8 Mid-Reach divided into three zones at different stages of development: Zone 1 Prospecting Licence + Technical Economic Evaluation (TEE) Zone 2 Partly explored Zone 3 Still to be delineated, exploration target level Company follows the internationally recognised SAMREC 2016 Code Coloured gemstones found throughout the exploration and prospecting areas Initial focus on Kishon Mid-Reach deposit where the exploration of an accessible placer formation is most advanced Exploration and prospecting permits covering 60,000 hectares centred on Mount Carmel and the Kishon river catchment. Shefa Yamim granted its first Prospecting Licence, over its alluvial exploration target, the Kishon Mid-Reach Zone 1 Project.

KISHON MID-REACH ZONE 1 EXPLORATION Commenced Technical Economic Evaluation Report, which is in an advanced stage Completed 14 bulk sample campaign, recovered 6,384 tonnes sampling with 9,778.

9 KISHON MID-REACH ZONE 1 EXPLORATION Commenced Technical Economic Evaluation Report, which is in an advanced stage Completed 14 bulk sample campaign, recovered 6,384 tonnes sampling with 9, carats produced to date Estimated total content grade of cpht Granted prospecting licence 869C9 covering 252 Dunams at the Kishon Mid-Reach Zone 1 taking it one step closer to a mining licence Started planning and regulatory procedures to advance the area into trial mining Targeting trial mining and production in the next two years (subject to funding and good exploration results) 9

10 10 MINE TO MARKET STRATEGY

11 GEMSTONES A GROWING MARKET A growing market - US$2.4bn to US$6bn in the past five years Prices have outperformed diamonds circa. 37% since 2005 Gemstone market estimated to reach US$10bn in the next 10 years 11 *Gemval Aggregate index (GVA) is calculated as a total value of 26 standard specimens of gemstone, (GVA basis set) and represents the overall pricing trend in the jewellery market. We have monitored GVA values since 1st July The current value of GVA is measured in %, as a ratio of current GVA value to the initial value on July 2005 Source: Gemval Source: UN Trade Data

MINE TO MARKET STRATEGY Control over the exploration, development, mining, design, and manufacture of unique jewellery mounted with Shefa Yamim s rare gemstones Partnered with world renowned

12 MINE TO MARKET STRATEGY Control over the exploration, development, mining, design, and manufacture of unique jewellery mounted with Shefa Yamim s rare gemstones Partnered with world renowned jewellery designer to develop collection of unique 24k gold jewellery Collections will be marketed worldwide with a licensed brand name of gemstones from the soil of the Holy Land Potential for direct sales to the consumer through: online sales exclusive franchises to large marketing chains showroom located in one of the world s largest trading centres for diamonds and gemstones, located approximately one hour s drive from the project Intention is to create a fully integrated operation including cutting and polishing, which is expected to increase the value of the gem quality stones Management has considerable experience in the manufacturing and marketing of jewellery & precious stones 12

YOSSI HARARI WORLD RENOWNED JEWELLERY DESIGNER 13 Source:

com Source: com Yossi Harari has partnered with Shefa

Shefa Yamim s gemstones Career spanning over 26 years and

of the jewellery industry Known for timeless, handcrafted

some of the most famous women in the world Rhianna, Jane

13 YOSSI HARARI WORLD RENOWNED JEWELLERY DESIGNER 13 Source: Source: Yossi Harari has partnered with Shefa Yamim to create an exclusive jewellery collection using Shefa Yamim s gemstones Career spanning over 26 years and a multiple winner of the Couture Design Award, the Oscars of the jewellery industry Known for timeless, handcrafted 24-carat gold jewellery His jewellery has been worn by some of the most famous women in the world Rhianna, Jane Fonda, Oprah Winfrey, Jessica Alba etc. Harari s jewellery features in over 40 stores worldwide

14 14 THE HISTORY

prospecting rights covering 60,000 hectares 2003 2017 Completed CPR in October Shefa

15 HISTORICAL DEVELOPMENT Shefa Yamim Ltd started trading on TASE Started drilling program Started drilling program in Zone 1 Secured exclusive exploration and prospecting rights covering 60,000 hectares Completed CPR in October Shefa Yamim (A.T.M.) Ltd. established Shefa Yamim (A.T.M.) Ltd listed on the LSE in December 15

16 KEY ACHIEVEMENTS SINCE IPO Kishon Mid-Reach Zone 1 Most Advanced Deposit Successful equipment upgrade at the operational site in Akko Completed Renewal of two Prospecting Licences in Ramot Menashe and Carmel Site Completed Completed bulk sampling campaign Completed High grade Spinel found Ilmenite and Garnet added to Gem-Box Completed PPM appointed to conduct a Technical Economic Evaluation Ongoing Started processing bulk samples from Kishon Mid-Reach Zone 2 Ongoing Obtained IMA accreditation for new mineral, carmeltazite Completed January 2018 January

17 17 THE PRESENT AND THE FUTURE

18 ROUTE TO PRODUCTION IN KISHON MID- REACH ZONE 1 Complete Technical Economic Evaluation Continue exploration of Shefa Yamim s four permitted areas covering approx. 60,000 hectares: Prospecting Permit 837A12 for the Carmel site covering an area of 327,551 Dunams (32,755 hectares); Prospecting Permit 899A7 for the Ramot Menashe site covering 112,904 Dunams (11,290 hectares); Exploration permit 869B8 covering 173,636 Dunams (17,363 hectares); and Prospecting licence 869C9 covering 252 Dunams (25.2 hectares). Expand exploration efforts and bulk sampling in Zone 2 and Zone 3 in the Kishon Mid- Reach Area as well at the primary source in the Carmel mountain range Targeting trial mining and production in the next two years (subject to funding and good exploration results) 18

19 19 STRONG NEWSFLOW

20 SUMMARY Exposure to the gemstone assemblage via a low cost route to production Demand for coloured gemstones in the last five years has grown by 145% to US$6bn Mine to Market strategy Partnership with leading jewellery designer Kishon Mid-Reach Zone 1 has rapid development potential Progressing towards trial mining in the Kishon Mid-Reach Zone 1 (subject to funding and good exploration results) Proven findings of Gem-Box: Carmel Sapphire, Diamond (rare), Spinel, Ruby, Natural Moissanite, Hibonite, Garnet, Ilmenite, and the HIM Suite; Zircon and Rutile 20

21 APPENDICES Diamond Natural Moissanite TM Carmel Sapphire TM 21

MOISSANITE A RARE MINERAL NATURAL SILICON CARBIDE (SiC) The directors believe that Shefa Yamim is the only company in the world to find large quantities of Natural Moissanite Deep blue-green colours

22 MOISSANITE A RARE MINERAL NATURAL SILICON CARBIDE (SiC) The directors believe that Shefa Yamim is the only company in the world to find large quantities of Natural Moissanite Deep blue-green colours Transparency Iridescence The brilliance, fire, lustre and hardness of Natural Moissanite make it ideal to use in jewellery Historically, small quantities found naturally Produced artificially and sold as gems Prices for rings range from circa.us$79 to over US$31,179 by Charles & Colvard Ltd. Shefa Yamim has found Natural Moissanite in Mt. Carmel- Kishon River area, Israel Single crystals to >4mm Other localities worldwide - <2mm 22 Very rare mineral discovered by the French chemist Henri Moissan in 1893

CARMEL SAPPHIRE Carmel Sapphire is the dominant mineral

up to 255 cpht) Colour typically orange-brown,

metalliferous compounds Pockets contain a unique

Carmeltazite, found in the Carmel Sapphire, recognised as

23 CARMEL SAPPHIRE Carmel Sapphire is the dominant mineral species recovered from bulk samples to date (with grades up to 255 cpht) Colour typically orange-brown, transparent with pockets of volcanic melt including metalliferous compounds Pockets contain a unique assemblage of minerals usually found in meteorites A registered brand Carmel Sapphire Polishing reveals unique qualities and considerable potential as gemstones Carmeltazite, found in the Carmel Sapphire, recognised as a new mineral 23 Carmel Sapphire Rough Carmel Sapphire Cabochon cut Carmel Sapphire Full cut

OPERATIONAL SITE AND MINERALOGICAL LABORATORY All samples (reconnaissance, follow up and bulk types) are processed through the plants at the Akko operational site where final recovery is also

24 OPERATIONAL SITE AND MINERALOGICAL LABORATORY All samples (reconnaissance, follow up and bulk types) are processed through the plants at the Akko operational site where final recovery is also undertaken in the on-site laboratory. The laboratory follows internationally recognised procedures and standards for mineral recovery, sorting and identification. Uses (ArcGIS) for modelling with additional analyses undertaken using voxler, strater and surfer. 24

marketing costs Established corporate governance and democratic

25 WHY ISRAEL? World s largest trade centre for diamonds and precious stones Low marketing costs Established corporate governance and democratic structures Mining Laws based on English Law Established infrastructure Government supportive of natural resources sector 25

THE BOARD AND SENIOR MANAGEMENT Abraham (Avi) Taub, CEO and chairman Co-founder of Shefa Yamim (A.T.M.) Ltd, Avi has over 45 years experience in all aspects of the gemstone sector from cutting, polishing and marketing.

A serial entrepreneur, he has founded and managed a number of Israeli companies. Vered Toledo, COO Vered has led Shefa Yamim s exploration and operations team for over 19 years.

She has extensive in-field experience with a focus on gemstones and especially the rare, potential moissanite (SiC) and Carmel Sapphire TM discoveries.

26 THE BOARD AND SENIOR MANAGEMENT Abraham (Avi) Taub, CEO and chairman Co-founder of Shefa Yamim (A.T.M.) Ltd, Avi has over 45 years experience in all aspects of the gemstone sector from cutting, polishing and marketing. A scholar of Gemology and Mineralogy, Avi is a second generation of the founders of the Israeli diamond industry. A serial entrepreneur, he has founded and managed a number of Israeli companies. Vered Toledo, COO Vered has led Shefa Yamim s exploration and operations team for over 19 years. She is responsible for field, plant and laboratory activities and overseeing staff affairs. She has extensive in-field experience with a focus on gemstones and especially the rare, potential moissanite (SiC) and Carmel Sapphire TM discoveries. 26 David Ben David, CFO Certified CPA for 15 years (BA in Economics and Accounting, Bar Ilan University). Auditing & analyzing financial reports for various public companies in Israel. Has an in-depth knowledge of the Capital Market and analyzing financial data. Experienced in internal auditing and risks assessment and management.

THE BOARD AND SENIOR MANAGEMENT Michael Rosenberg, Non-Executive Director An expert in corporate finance with over 40 years experience working on boards globally.

James AH Campbell, Non-Executive Director A qualified geologist, James spent over 20 years with De Beers Global Mining and Exploration Group before becoming Managing Director of African Diamonds plc

He is currently Managing Director of Botswana Diamonds plc.

27 THE BOARD AND SENIOR MANAGEMENT Michael Rosenberg, Non-Executive Director An expert in corporate finance with over 40 years experience working on boards globally. Extensive experience of being Chairman and Non-Executive Director of UK listed companies. He is also a mentor to The Prince s Trust. James AH Campbell, Non-Executive Director A qualified geologist, James spent over 20 years with De Beers Global Mining and Exploration Group before becoming Managing Director of African Diamonds plc in Since then he has served on a number of UK and Canadian boards including West African Diamonds plc, Stellar Diamonds plc and Rockwell Diamonds Inc. He is currently Managing Director of Botswana Diamonds plc. 27 Nathalie Schwarz, Independent Non-Executive Director A qualified lawyer, Nathalie started her career at leading global law firm Clifford Chance focusing on cross-border mergers and acquisitions, corporate restructurings, IPOs and private equity. She has extensive Board experience, both as an Executive Director and Non-Executive Director, of UK listed companies including Channel 4 Television Corporation, Capital Radio PLC and Amiad Water Systems PLC. She is currently a Non-Executive Director on the Board of UK publicly listed company Wilmington Group PLC.

THE BOARD AND SENIOR MANAGEMENT Gershon Fraenkel, Independent Non-Executive Director Gershon Fraenkel is a British Citizen and founder of WST Charity Ltd, in North West London which focuses on

David Nachshon, Independent Non-Executive Director Israel David Nachshon, a graduate in Rabbinical Ordination, Mr Nachshon has extensive ties within the Jewish community worldwide, as well as

Mr Nachshon is a Board member of the Jewish community institution in Kiev, Ukraine, Chairman of the Chabad Jewish Mobil Mitzva Centre, Chabad Youth Movement Tzivos Hashem and Chabad Educational

28 THE BOARD AND SENIOR MANAGEMENT Gershon Fraenkel, Independent Non-Executive Director Gershon Fraenkel is a British Citizen and founder of WST Charity Ltd, in North West London which focuses on alleviating poverty within the Jewish Community in the area. He has successfully launched many international businesses in the last 25 years, including SEACO Group of Companies and Linkedell Ltd. David Nachshon, Independent Non-Executive Director Israel David Nachshon, a graduate in Rabbinical Ordination, Mr Nachshon has extensive ties within the Jewish community worldwide, as well as established government relations in Israel. He has been on the board of Shefa Yamim (A.T.M.) Ltd and Shefa Yamim Ltd since 1999, when the company was founded. Mr Nachshon is a Board member of the Jewish community institution in Kiev, Ukraine, Chairman of the Chabad Jewish Mobil Mitzva Centre, Chabad Youth Movement Tzivos Hashem and Chabad Educational Institutions. 28 Hanoch Ehrlich, Independent Non-Executive Director Hanoch Ehrlich is a qualified lawyer. He has worked on several international M&A transactions, including advising companies in Central and Eastern Europe. He is experienced in litigation, having represented various entities such as the Israel Military Industries Ltd., the Shikun U binui Group (the largest construction conglomerate in Israel), the Ofer Brothers Group, the Yitzhak Tshuva Group, Bank HaPoalim, the Israel Discount Bank, the Industrial Development Bank, the Israel Shipping Bank, Amdocs (Israel) and the Israel Citrus Marketing Board.

INTERNATIONAL CONSULTING TEAM Professor William Griffin Respected academic and Professor of Geology at Macquarie University.

Mettalogeny of Continents (GEMOC). Dr. John Ward Dr.

geology. A leading alluvial diamond exploration geologist with over 35 years field experience. Prof.

Worked for two of the largest resources companies in the world, Anglo American in South Africa and De Beers.

29 INTERNATIONAL CONSULTING TEAM Professor William Griffin Respected academic and Professor of Geology at Macquarie University. Program Director for Technology Development and Industry Interaction in the ARC National Key Centre for Geochemical Evolution and Mettalogeny of Continents (GEMOC). Dr. John Ward Dr. Ward has a PhD in Geology and has won the Oliver Davies and Henno Martin Medals for his contributions to academic and economic geology. A leading alluvial diamond exploration geologist with over 35 years field experience. Prof. Mike de Wit Highly respected chief geologist focusing on diamonds and geophysicist. Worked for two of the largest resources companies in the world, Anglo American in South Africa and De Beers. Diamond focused geologist. A Professor at the University of Pretoria. 29 Dr. Renato Spaggiari Exploration Manager at Allotropes. Previously the Vice President at C&K Mining, Cameroon. Strong geomorphology and sedimentology background. PhD research dealt with favourable conditions for diamond deposits along Africa s west coast.

30 Disclaimer This presentation has been designed for your convenience only and it does not replace a full review of Shefa Yamim (A.T.M.) Ltd ("The Company") reports. This presentation includes forward-looking statements, including forecasts, evaluations, estimates and other information relating to future events and issues. Forward-looking statements and information contained in this presentation are based on present estimates and assumptions of our management, we believe them to be reasonable, but they are inherently uncertain. Such future statements involve risks and uncertainties, including factors outside our control, any one of which, or a combination of which, could significantly affect our operations and cause our actual results to differ significantly from the future statements. Any future statement is valid only to its original date. Apart from obligations to disclose information as required by applicable security laws, we undertake no obligation to update or revise any information contained in this presentation, whether as a result of new information, future events or otherwise. This presentation does not intend to be all-inclusive nor to contain all of the information that may be relevant in making any decision concerning an investment in the securities of the company. This presentation does not constitute, or form part of, any offer or invitation to purchase or subscribe for any securities of the company. 30

Marketing Communication (Connected Research)

14 May 2018 METALS & MINING Initiation Report Marketing Communication (Connected Research) Shefa Yamim # BBG Ticker: SEFA LON/IT Price: 1.08p/sh. Mkt Cap: 14.95m Speculative Buy Unique Gemstone Exploration