Investor Presentaiton

32 2013 Annual Report / Fibra Inn 2013 Annual Report / Fibra Inn 33 Annual Report on Activities Trust F/1616 Technical Committee The undersigned, Mr. Victor Zorrilla Vargas, Chairman of the Technical Committee of the Irre- vocable Trust identified under number F/1616 (the "Trust"), hereby reports to the Assembly of Holders on the completion of the following activities during Fiscal Year 2013: • • • Nine meetings were held on the months of April, June, July, August (2), October, November and December, 2013, as well as in February, 2014. The Consolidated Financial Statements were approved for March, June, September and December of 2013, after due recommendation from the Audit Committee. The March, June, September and December, 2014 Holder distributions were approved for a total of Ps. 182.6 million, after duly recommended by the Audit Committee. • The 2013 budget for the Trust and its Subsidiary was approved. • • • • • The contract terms of KPMG as External Auditors of the Trust, was approved after duly recommended by the Audit Committee. The Certified Financial Statements for FY 2013, with the corresponding Opinion Report was approved without exception by the External Auditor, after due opinion from the Audit Committee. Acquisition of the hotels Marriott Puebla, Camino Real Guanajuato, Holiday Inn México Coyoacan, and Aloft Guadalajara, with a total investment of Ps. 1,320.5 million, were approved after due opinion from the Practice Committee. Revision of the Trust revenue structure was defined and approved, as well as the contract terms with the related parties, after due opinion by the Practice Committee. Middle term Credit contracts with banks, for up to Ps. 2.3 billion, as well as temporary credit lines of up to Ps. 900 million were approved. • Contract of UBS as a market maker was approved. • The methodology to determine the Weighed Average Cost of Capital (WACC), was defined to evaluate acquisitions and developments, after due opinion by the Practice Committee. San Pedro Garza García, N.L. on April 24, 2014. Vanill Sr. Víctor Zorrilla Vargas Chairman of the Technical Committee Trust F/1616 Aloft QUADALAJARA AULAJARA Aloft Guadalajara Las Américas

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