Arie Silverberg

Avgold Ltd. offers gold mining, development and exploration services. It operates in the Mpumalanga province of South Africa. The company is headquartered in Johannesburg, South Africa.

The Group's principal activity is to acquire, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses that supports the process of bringing energy, in the form of crude oil, natural and liquefied petroleum gas, and refined and specialized products (such as petrochemicals), from production to final consumption throughout the world. To date, its efforts limited to organizational activities. It do not have any specific business combination under consideration, nor have it had any discussions with any target business regarding a possible business combination. Management believes and represents a favorable opportunity to consummate a business combination within the three identified groups of target companies. They include businesses that provide Refining/petrochemical plants, Terminalling facilities, on land or at sea and transportation of crude oil, gas. It operates solely in domestic market.

Granite Hacarmel Investments Ltd. imports, markets and distributes petroleum and chemical products in Israel. The company operates in energy, water & environment solutions, infrastructure, paint, and chemicals fields. The company was founded in 1981 and is headquartered in Netanya, Israel.

Sonol Israel Ltd. operates as gas filling station and services. It markets and distributes automotive lubes and industrial and marine lubricants. The firm also operates Sogood convenience stores. The company was founded in 1917 and is headquartered in Netanya, Israel.

Glencore International AG engages in the production and marketing of natural resources and industrial commodities. It provides financing, logistics, marketing, and purchasing services to producers and consumers of commodities. It serves automotive, oil, power generation, steel production, and food processing industries. The company was founded in 1974 and is headquartered in Baar, Switzerland.