Investor Presentaiton

Emerging from the Crisis: Another Opportunity Dislocations after the global financial crisis and the 2011 uprising have left Sahl Hasheesh with the opportunity to emerge as the destination of choice for investors Comfortable Cash Reserves - EGP 106.2 million ERC can spend on critical infrastructure projects weathering a prolonged downturn. Prime Land Bank ERC owns over 2.7 million m² of prime locations (1.6 million m² available for sale 1.1 million m² Sawari Marina Project) on the Red Sea coast. Proprietary Strategic Projects on the Rise Apart from the fully sold-out Jamaran ERC is developing a number of other key projects that add to the attractiveness of Sahl and encourage widespread development: • Sawari: Marina project (apartments, villas, hotels, commercial units, and • a premier marina and yacht club). Tawaya: Sea-front apartments STRATEGY Supporting investment to boost the destination Smart, targeted, destination marketing is positioning Sahl Hasheesh as the destination of choice for visitors as well as developers resuming investment as tourism and second-home purchases regain momentum. Expanding land sales to key developers Attracting investments through tailored products to developers' was the key to the turn around of 2015. Contingency Planning In the unlikely event the TDA does not reverse its withdrawal of the Phase III land area, ERC has been actively building the capacity to shift the business model from a pure master developer to a mega B2C developer with around 2.7 million m² available for development over the next six to eight years as further proven by developing a number of proprietary projects. 12 Investor Presentation Q2/1H 2016 ERC Egyptian Resorts Company

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