EFTA01454848.pdf

Low risk profile with attractive returns Self financing project in Financial summary the third year of t.4% Sale pnee (E; sq ft) Net salesm (Ern) Cost (€ Total Cost -; (Ern) Total Profit development thanks to residential phased sales Residential development results in limited cash flow requirements # of luxury estates 1,022 850 (279) (315) 535 63% # of luxury golf lodges 883 1,628 (200) (504) 1,124 69% # of hotel branded residences 883 561 (200) (173) 388 69% Total Hotel & other facilities Additional value created from hotel and other facilities (€m) 104 Hotel and other facilities development costsm (Ern) (61) 1 1 Infrastructure development costsl3) (Em) (66) Total estimated profit (ft) Profit on costs Time horizon 10 years (I) Nel sales posl tnarke4ing. agency and legal fess varth 2% Inflution assumed on saki ("ice (xv armas ()WV DITP9 hot lion (2) rota( cosi past caltiverk4 and pforeesion.,/ tees wfth 2% inflation asuared on cox( per sea amiss ptojeci taw loam) (31Inclucles central bliraStIllattle and wasting chateau reantuchnbior (4) f rwittoIts 11,AI are triwies cleserkparn! sod egistrai ovuillnaas 6 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0113234 CONFIDENTIAL SDNY_GM_00259418 EFTA01454848