EFTA01454837.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 9 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-0113212 CONFIDENTIAL SDNY_GM_00259396 EFTA01454837