Investor Presentaiton

Launch of sales on new projects 1. Jubilee Estate 78A, building 2 2. Jubilee Estate 78A, building 5 3. Emerald Hills, building 10 Overview of new buildings launched in 4Q 2011 NSA*, sqm Delivery 64,126 2012 Expected cash collections, US$ mn 120.1 32,109 2012 60.3 52,903 2012 129.1 4. Emerald Hills, building 11 69,583 2012 181.4 5. Emerald Hills, building 13 Total *Including parking lots 32,511 2012 75.5 251,232 566.4 Etalon Group 18

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