EFTA01454835.pdf

Key investment highlights V Golf course consistently ranked as number 1 in Europe by Golf World magazine and among the best golf courses in Les Bordes Golf, the world a unique trophy asset One-off opportunity in prime Western Europe st) Extraordinary planning consent with strong support from the regional and local authorities Unique planning permission to develop a landmark resort of 3 8m sq ft within a world heritage site Exciting prospect for the region expected to generate c. 1,750 jobs Strong demand for high-end and luxury residential resort properties, driven by the substantial growth of wealth creation in emerging markets V Attractive market with strong fundamentals Most visded country in the world (c. 80m foreign tourists a year) with Chateau de Chambord amongst the top three most visited historic sites in France Already existing golf course leveraging Les Bordes' excellent reputation Low risk profile with attractive returns Self financing project in the third year of development thanks to residential phased sales resulting in limited cash flow requirements Highly experienced team of Full team of highly experienced professionals already mandated advisors in place 2 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0113210 CONFIDENTIAL SDNY_GM_00259394 EFTA01454835