Affordable Housing Solutions in Panama

PHASE 8 Phase 4 (1177 PHASE 6/7 Commercial DEVELOPMENT PIPELINE 2024: A TRANSITIONAL YEAR FOR IHC PROJECTS Phase 2 Phase 1 Phase 3 Reserva 2 Reserva 1. COMPLETE LOWER MARGIN LEGACY PHASES Completion of legacy phase construction and delivery by end of Q4 2024 Phase 3 Phase 5 Reserva 1 2. CONTINUE BUILDING HIGHER MARGIN, NEW PHASES Construction of new designs commenced in Q2 2023 with the first 31 homes of Phase 8 1Pending the availability of future capital Confidential | 14

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