HOUSING DEVELOPMENT CORPORATION Investors Presentation

7 Majority independent Board of Directors providing strong oversight HOUSING DEVELOPMENT CORPORATION Mohamed Jaish Ibrahim Chairman, Independent Director MBA in International Business - Specialization in Projects Over 15 years of Project Management experience Suhail Ahmed Managing Director Bachelors of Science (honors) in Building Management Over 30 years of real estate experience Ahmed Athif Deputy Managing Director Bachelors of Science (honors) in Accounting Over 10 years of accounting experience Shathir Abdul Rahman Chief Operating Officer Ex-Deputy Managing Director of Greater Malé' Industrial Zone Limited Over 20 years of management experience Hassan Muneer Independent Board Director Board member for the National Aviation Company for 6 years Over 15 years of business management experience Ibrahim Afraath Independent Board Director Member of the Elections Committee for 6 years Over 15 years of marketing experience Abdulla Rameez Independent Board Director Bachelor of Civil Engineering Involved in many major projects in the Hulhumalé masterplan Abdulla Miad Independent Board Director Bachelor of Economics Ex-Board Director of Southern Utilities Limited & Greater Malé' Industrial Zone Limited Abdul Munnim Mohamed Manik Independent Board Director Associate member of Chartered Institute of Management Accountants (CIMA) Over 10 years of accounting experience Mohamed Jalal Independent Board Director Entrepreneur and a businessman Over 10 years of business management experience Representative from the Ministry of Finance Mariyam Shawadin Abdulla Board Director Master of Law (International Banking & Finance) Over 5 years of legal experience HDC's Board of Directors are recommended by The President's Office of Maldives. The Privatization and Corporization Board appoints them after reviewing their suitability 23 23

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