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 148 million ERC can spend on critical infrastructure projects for the coming years. 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. Average sale prices grew at a CAGR of 90% before the global financial crisis. Proprietary Strategic Projects on the Rise ERC is developing several key projects that increase Sahl attractiveness and Hasheesh's encourage 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. widespread development: • • • Jamaran: Sea-front villas Tawaya: Sea-front apartments Sawari: Marina project (apartments, villas, hotels & commercial units). 12 Investor Presentation 3Q 2015 ERC Egyptian Resorts Compeny

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