Date: 26/03/2013

Dubai: Raj Shah joins the FLEMINGO team as Executive Director-Finance to focus on the company’s aggressive growth plans in the emerging markets, investor/funding relationships, financial reporting and preparation for listing. He has lived and worked in the USA for over 30 years with several years of experience as CFO of large and medium sized global companies listed on the US stock exchange. As such he has significant experience with the rules, regulations, compliance requirements etc needed for the US Market. His principal role at Flemingo will be to work closely with the Board and the senior management team to achieve their goals and vision…2B BY2020 and lead the preparation for public listing in the US.

Raj stated,” I believe Flemingo with its focus on the high growth emerging economies, strong business model, visionary leadership and excellent execution capabilities is uniquely positioned to drive substantial growth and value over the next few years and provides a strong value proposition. It is an exciting story and I am delighted to be part of such a dynamic company and management team.”

Atul Ahuja, CEO of the company welcomed Raj to the team at the companies NEXT FRONTIER meeting in Dubai adding “Raj brings a wealth of experience, knowledge and a track record that our company needs to accomplish its goals over the coming years.