Changes in Neograph, Inc. company.


Dear partners,

in the name of Neograph, Inc. and Delta Capital, Inc., I would like to inform you about changes to the Neograph company. By the end of 2013, Delta Capital, which I manage, increased its share capital in Neograph. As a result, the shareholder structure has changed and Delta Capital now holds shares of over 90 %.

The board of directors will change at the beginning of April and I will be the sole representative of Neograph. At the same time, the name of the company will change from Neograph, Inc. to SPM - Security Paper Mill, Inc.

Over the last 2 years and under my management, I have worked very hard to improve Neograph’s position in the security paper market. We have started cooperation with new partners and increased production of security paper by 30 %. My goal as a new shareholder of Neograph is to continue these trends and expand the portfolio of products and services made available to our customers.

I would like to assure you that this change does not have any impact on current contracts or agreements. Indeed, I would like to restate SPM’s guarantee of providing the highest quality products and services.

I fully believe that this change will be helpful and will continue to enhance our partnership for the future. If you have any questions please do not hesitate to contact me.

Yours sincerely

Michael Broda
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