GB Auto Corporate Growth and Expansion Strategy

AUTO Strong demand, fueled by increasing consumption, solid market recovery and low penetration rates, sets the stage for growth in the Egyptian passenger car market PC Egypt Remarkable growth over the past 5 years was driven by increasing purchasing power of a rising middle class PC Market, Annual Sales Over the past year, the market has steadily climbed to pre-crisis levels PC Quarterly Sales Units 60,000 250,000 200,000 198,800 179,178 158,926 133,591 150,000 40,000 94,322 100,000 55,471 50,000 20,000 2004 2005 2006 2007 2008 2009 CAGR:37.6% CAGR:23.4% Q3-10 Q2-10 Q1-10 Q4-09 Q3-09 Q2-09 Q1-09 Q4-08 Q3-08 Q2-08 Q1-08 Management has focused CKD assembly on models within the largest market segment PC Market Segmentation, FY09 Management anticipates substantial future growth on the back of relatively low penetration rates 7 GB Auto 10% 8% China >1.6L <1.3L 17% Algeria Morocco 1.3L 1.5L 65% Egypt 1.5L-1.6L Vehicle Ownership Nominal GDP per capita (USD) Number of cars per thousand people 3,566 128 3,816 109 2,847 53 2,450 30 Egypt possesses considerable growth potential as it approaches GDP per capita of USD 3,000 Sources: Automotive Marketing Information Council (AMIC); GB Auto Research

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