#1Curaçao Heritage Fund December 4, 2023 Retermani BOUTIQUE HOTEL Curaçao Heritage Fund AL retermani#2Key features of CHF 1.Introduction Curaçao Heritage Fund 2.Tax incentives 3.Corporate Governance 4.DCSX listed bonds Breton Curaçao Heritage Fund#31. Introduction CHF Curaçao Heritage Fund a. Real estate fund was launched in 2018 by The Curaçao Financial Group N.V. ("cfg") www.cfgvalue.com b. All real estate is part of the UNESCO World Heritage designated city center of Willemstad, renovated by previous owner(s) c. CHF's real estate includes: i. Pietermaai Boutique Hotel - 35 rooms, 2 penthouses and a lobby ii. Student accommodation - 35 rooms with shared bathrooms and kitchens iii. Commercial spaces - 5 units, rented by Heren2, Mi Familia, Bravo and two units currently under review for near future plans iv. Villa Tokara (recently acquired) – 6 rooms, large parcel - v. 50% joint venture ownership of Pietermaai 67/69#4Pietermaai 67/69 Curaçao Heritage Fund#52. Tax Incentives and Permits Due to the designation as UNESCO World Heritage, there are quite a few advantages: a. In the case of direct purchase of the property by an investor, there is a 30% investment allowance on the total investment value. b. No transfer tax and mortgage stamp duties are due (a saving of 4.75% on the acquisition amount c. Mortgage loan interest income for the bondholders is exempt from profit or income taxes, a significant benefit for the mortgage holder d. Structuring the fund as a transparent company means that no profit or income tax is levied at the level of the fund but passed on to the shareholders. Curaçao Heritage Fund#63. Corporate Governance CHF is managed by CFG Real Estate N.V. (the Fund Manager). CFG Real Estate is a wholly owned subsidiary of cfg. Cfg shareholders and statutory directors are Messrs. Bharat Bhojwani and Walter Blijleven. CHF also has a Supervisory Board of Directors with 3 members. Financial statements are audited (previous years reviewed) and are publicly available on website of the Dutch Caribbean Securities Exchange (DCSX) (next slide) The fund has been granted a Dispensation from the Central Bank of Curaçao & St. Maarten ("CBCS"), which means that it is not under regular supervision. CFG Real Estate N.V.* also has a Dispensation from the CBCS to act as a fund manager. Curaçao Heritage Fund#7Curaçao Heritage Fund Investors Corporate Governance cfgo elevate to value 100% eigenaar real cfgo estate Fondsmanager Curaçao Heritage Fund Portfolio of real estate#8DCSX listed bonds 2023-2028 Key Terms Amount Denominations Minimum Purchase Collateral Publicly Traded on the DCSX Term Interest Issue Date Interest payment Principal Repayment Purpose ANG 16,500,000 ANG 50,000 1 Bond 1st mortgage on all properties with max LTV 75% over term of bonds Yes 5 years 5.5% per annum, exempted of income or profit tax for CUR residents (natural persons and legal entities). May 31st, 2023 Quarterly, commencing on August 31st, 2023. Bullet repayment of principal at maturity (May 31st, 2028) 1. To refinance the existing bonds due 31 May 2023 2. And to invest ANG 9 million in new development- and income generating real estate portfolio of various monuments and properties located within the UNESCO World Heritage boundaries of Willemstad. Curaçao Heritage Fund#93. Public info -> dcsx.cw/markets Curaçao Heritage Fund Getting Started Vandaag Inside: Sel... 8 https://www.desx.cw/markets/ MCB Online Banking MCB PMCN MCB Breadline ☆ WiBDirect Corporate Roverd IRIETOURS I... Hotel Employee Rate WorldTrips My Claud Local Time 08:43am AST CORDG-UK £0.05 JMYS 82 $10.15 -0.15 (-1.46%) ZGKY $0.57 BDCB-CW 100% SOMS-A1 100% E Pocket Experts | Ho... >> Other Bookmar MARKET CLOSED. Opening in 2d 0h 16m 51s Contact us +599-9 461 4545 [email protected] FAQ Documents Market Hours & Holidays Dutch Caribbean Securities Exchange Security Details EQUITIES FUNDS BONDS Home Markets Listing ISIN Education About DCSX News Contact PRIME REAL ESTATE FUND BRION BV (CURAÇAO HERITAGE FUND) (CHFU-CW) TRADEABLE LISTING TRADEABLE SYMBOLA PRICE CHANGE VOLUME BDCB-CW 100% 0.0010.00%) NEWS DOCUMENTS DETAILS 0 CHFU-CW 100% 0.00 (0.00%) O PDF PDF PDF SOMS A1 100% 0.00 (0.00%) 0 SOMS A2 100% 0.00 (0.00%) 0 SOMS B1 100% 0.00 (0.00%) 0 SOMS-82 100% 0.00 (0.00%) 0 Prospectus CHF Bonds 2023 2028 May 30, 2023 Annual report 2018 Nov 19, 2023 Annual report 2019 Nov 19, 2023 PDF PDF PDF Annual report 2020 Nov 19, 2023 Annual report 2021 Nov 19, 2023 Annual report 2022 Nov 19, 2023#10Contact www.curacaoheritagefund.com CFG Real Estate N.V. - Fondsbeheerder Bharat Bhojwani [email protected] M: +5999 6901125 Walter Blijleven [email protected] M: +5999 6901127 Bezoekadres: Johan van Walbeeckplein 18, Willemstad, Curaçao Curaçao Heritage Fund#11Curaçao Heritage Fund www.curacaoheritagefund.com Curaçao Heritage Fund Retermani BOUTIQUE HOTEL AL retermani