EFTA01455504.pdf

Extraordinary planning consent with strong support from the regional and local authorities Permits and authorisations received Project phases (10-year development) Le Ganay 24 December Les Irrordes Le Ganay PCS (modification of land use) rosidenoes 2CC9 — Development of Development of Agree hotel Development of 2 luxury homes new Ganay operator tennis. C June PUP (local Commune agreement for Phase 1 course equestrian & Development of Development of 2010 services) shooting centre 24 lodges Hotel & spa 20 hotel development branded residences Diagnostic archaeological survey - Development of Ganay course Development of 6 luxury homes completed 60 hotel Phase 2 ,... Development of - Hotel branded Tree clearance permission 52 lodges operational residences Amenities operational Site infrastructure permission - Development of Development of 16 luxury homes 80 hotel Phase 3 --- Development of branded 124 lodges residences 24 April Road and path declassification 2012 Development of Development of May 23 luxury homes 60 hotel Land exchange with local Commune 2012 branded Phase 4 Development of 176 lodges residences Water law permission Development of Development of 3 luxury homes 20 hotel 6 January Phase 5 Development of branded Infrastructure work commenced 2014 residences 24 lodges 4 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0114293 CONFIDENTIAL SDNY_GM_00260477 EFTA01455504