Investor Presentaiton

maradelta PROPERTY HOLDINGS Wings Office Towers (completion & transfer September 2016) Location: Lagos, Nigeria Ownership Interest: 37.1% Anchor tenant: Oando PLC Sector: Office Land title: GLA: Parking bays: WINGS TWIN TOW TOWE Anchor lease term: Anchor tenant lease expiry: Average escalation: Vacancies (GLA): Valuation: Equity requirement: Acquisition yield: Debt requirement: Vendor: Type of purchase: Leasehold 27 000m² 700 10.0 years 2026 3% p.a. (4.5% p.a. from year 4 onwards) 41.3% US$280.0 million (100%) US$55.1 million 9.4% (6.9% in Mauritius) US$53.2 million Pivotal Fund Limited Share purchase. Mauritian holdco

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