Investor Presentaiton

Buffalo Mall (Transfer March 2016) with just freel BUFFALO MALL NAIVASHA treesty DE maradelta PROPERTY HOLDINGS Retail Location: Naivasha, Kenya Ownership interest: 50.0% Anchor tenant: Tuskys Sector: Land title: GLA: Parking bays: Anchor lease term: Anchor tenant lease expiry: Average escalation: Vacancies (GLA): Valuation: Equity requirement: Acquisition yield: Debt requirement: Vendor: Type of purchase: Leasehold 5 300m² 250 15.0 years 2030 3% p.a. 1.9% US$10,4 million (100%) US$3.6 million 6.4% (2.5% in Mauritius) US$3.4 million Pivotal Fund Limited Share Purchase. Mauritian holdco

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