Investor Presentaiton

ECS's real estate investment team is one of the largest across private equity firms in Portugal, with an average of 14 years experience Real Estate team with an average tenure with the firm of over 9 years Manuel Noronha Andrade Partner ■ Led multiple RE and Hospitality investments in value add, turnaround and restructuring situations Gonçalo Batalha Partner Led multiple RE and Hospitality investments in value add, turnaround and restructuring situations Gonçalo L. Fernandes Director David Santos Director João Martins CFO ■ ECS Capital, CFO PCapital, Senior Analyst Millennium BCP Investment Bank, Analyst ■ BA Lisbon Nova SBE Nuno Espírito Santo Principal João Fonseca Director Experience in RE investment, restructuring, management, licensing and development Previously at Orey BEng IST, Msc ISEG, MBA AESE Luís Filipe Pires Principal " Hospitality and RE investments across several types of transaction structures Previously at Riverside/Deloitte MBA, IE Spain Margarida Mourão-Ferreira Principal ▪ Transactions and monitoring of Hospitality and RE investments Secretary of State for Tourism Advisor; M&A at EDP ■ MS Economics, NOVA SBE Execution and operational management, mainly in the Hospitality sector Previously at BCG MBA, Insead France Teresa Montalvão Associate ■ Transactions and monitoring of Hospitality and RE investments Previously at UBS ■MS Civil Engineering, IST Lisbon ■ Execution of complex transactions and operational management in the Hospitality sector ■ MS Economics, NOVA SBE Lourenço Mayer Associate ■ Real Estate transactions, licensing, development and operations ☐ Previously at KPMG ■ MS Economics, NOVA SBE ■ Transactions and operational Π management of hospitality and RE investments Previously at Deloitte ■ MS Economics, ISCTE Lisbon João Antunes Analyst ■ Transactions and monitoring of Hospitality and RE investments Previously at European Central Bank and KPMG ■ MS Finance, NOVA SBE 23 23

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