Investor Presentaiton

4 Upcoming commercial projects to diversify revenue base and improve profitability HOUSING DEVELOPMENT CORPORATION Commercial Spine ■Revenue stream: Land lease Plot area: 21.5k sqm / 231.4k sqft ■Project description: A pedestrianized strip designed to accommodate a variety of commercial and recreational activities, including regional and global retail brands. ■Revenue stream: Pre-sale and develop Tourism Island (Commercial units and Tower) Commercial units ■Revenue stream: Develop and lease ■Leaseable area: 179.5k sqft Tower ■Revenue stream: Develop and lease ■Leaseable area: 110.4k sqft Project description: Offer various tourist services and facilities such as hotels, apartments, and commercial units providing food and beverage, shopping and recreational areas Plot area: 32.0k sqm / 344.4k sqft Premium Villas ■Project description: Located in Hulhumalé Phase II, a 15 to 20 minute drive from Velana International Airport, a vibrant luxury community with private beaches, scenic views, oceanfront strolls, a clubhouse, accessibility to premium support facilities and urban tourist attractions within the city International Finance Centre ■Revenue stream: Land lease ■ Plot area: 43.8k sqm / 471.5k sqft ■ Project description: A special economic zone with added amenities to create a financial hub catering to various financial institutions and other businesses IT Park ■Revenue stream: Land lease Plot area: 16.1k sqm / 173.8k sqft ■Project description: A world class research hub in ICT, the IT Park not just provides state of the art facilities, but also a leisurely work environment in the center of the Maldives. The park will be affiliated with international techparks providing trainings, R&D services, incubator services, technology commercialization, techno-preneurship, development of applications, facilitating market linkages and grants Heritage and Cultural District ■Revenue stream: Land lease ■Plot area: 94.0k sqm / 1,011.8k sqft ■Project description: Located in Farukolhufushi, a resort island created from the reclamation of Hulhumalé Phase II. The district will consist of an amphitheater, a heritage center, cultural activity huts, an event space, restaurants, preserved buildings, guest villas and a botanical garden Marina/ Cruise Terminal ■Revenue stream: Land lease ■Plot area: 137.7k sqm 1,482.1k sqft ■ Project description: A planned hybrid mixed development that caters to cruise liners and yachts within the Greater Malé region. This will include berthing, a cruise terminal, a yacht club, food and beverage outlets and other supporting facilities. HDC has a strong pipeline of commercial projects to establish a diversified revenue base Source: Company information. Note: Projects do not include upcoming projects in Thilafushi and Gulhifalhu as HDC is in the process of finalising the masterplans 20 20

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