Investor Presentaiton

Projects Portfolio: Old Town • Located at the heart of Sahl Hasheesh and overlooking the seaside promenade, Old Town is the development's bustling downtown area Premiere shopping and leisure destination with retail stores, restaurants, cafes, spas and various water sport activities Component Quantity Retail Shops (incl. F&B) 114 Office Space 3 Halls Tenor BUS STOP SAHL HASHEESH ILGELATO DI LIALINA SAILORS Total BUA (sqm) BESTWAY Supermarket Colliers INTERNATIONAL ERC consulted with Colliers International in 2017 on the retail strategy for Old Town Grace Period 5 years Longer tenors are subject to BoD approval 2 years c. 7,343 c. 1,397 Rental Scheme Annual Escalation Security Deposit A - Fixed monthly rental fee/sqm based on activity and location, and B - Revenue sharing agreement (0% during grace period / 10% yrs 3 & 4 / 15% yr 5) 10% on rental price applicable starting the grace period. On the first year of payment (year 3) tenants will pay the contractual monthly rent + 20% Three-months rent Maintenance Fee EGP 15 / sqm in 2017 with a 10% annual increase starting in 2018 Termination Penalty In cases in which a lessee terminates the contract before the lapse of the lease term, the lessee will pay the value of the rent for the grace period Investor Presentation FY2017 XXXXX Leardone 11

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