Etalon Group - Expanding Portfolio for Robust Growth

El Grou 900 800 700 600 500 Expanding Portfolio Providing for Robust Growth 413 400 300 200 100 2008 323 2009 Sufficient land bank to 2x deliveries by 2012 and 4x by 2014 IPO proceeds 209 319 2010 2011 Source: company estimates, JLL report as of 31.12.2010 386 487 830 549 440 I 2012 2013 2014 2015 2016 I Future pipeline (unquantifiable) > Etalon Group 45 45

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