Investor Presentation FY2017

Projects Portfolio: Tawaya Exclusive bay view waterfront residential project in the Old Town of Sahl Hasheesh by ERC & Palm Hills Developments Sellable BUA # of units (including roofs) Unit sizes Sales window Expected delivery Expected Project Proceeds Value of Units Contracted Recognized Revenues 18,400 m2 164 60-294 m2 Opened April 2015 2018-19 c.EGP 325 million EGP 183 million EGP 29 million 1 Investor Presentation FY2017 9

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