Titlis Resort. Essential Facts

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1 Titlis Resort, Engelberg, Central Switzerland Titlis Resort Engelberg is a dual season resort complete with golf course and a glacier and only 85km from Zurich. Under construction now with the first apartments now finished and available to stay in, the Titlis Resort is a high quality development of apartments just 200m from the Titlis ski lift and within walking distance of the village. Facilities include a spa and a full management and rental service if required. The second phase has just been released. Essential Facts One to four bedroom apartments With spa and wellness facilities 200m from the lift, five minutes walk from the centre Full management and rental service if required Attractive dual season resort with golf course 75 minutes from Zurich airport and direct train access 82km of pistes up to 3020m on the glacier Long ski season (26th November to 29th May)

2 Distinguished by the imposing Benedictine monastery Resort information Engelberg or the Mountain of Angels as the founders of the monastery called it in 1120, is a dual season resort just 75 minutes from Zurich. This picturesque village is distinguished by a Benedictine monastery and the pedestrianised centre offers a good choice of shops, restaurants and bars. With skiing at over 3000m on the Titlis Glacier Engelberg has one of the longest ski seasons in the Alps from the start of October until the end of May. It also has one of the longest vertical drops in the Alps, a challenging 12km descent from the glacier to the village. Getting there The closest airport is Zurich which is just 85km away and is an easy journey taking about 75 minutes by car. There are many international and long haul flights to Zurich airport. Engelberg has a station so you can also arrive directly by train. The charming medieval town of Lucerne is just half an hour away by car or take the narrow-gauge railway. Set around lake Eugenisee with a stunning mountain backdrop, Engelberg offers plenty of summer activities including an 18-hole golf course which opens just as the ski season ends. An action-packed summer and winter programme, a wonderful sports centre and great facilities will keep you busy but also offers every opportunity for relaxation. Click here to view our resort guide

3 Village style development at the foot of the slopes Property The Titlis Resort is a development of nine chalet style buildings which will have a reception, a spa with sauna, steam rooms and treatment rooms. Each chalet has between seven and twenty apartments. The car parking is underground beneath the site so there will be space and green areas in between the chalets making this ideal for children and giving a village feel. The chalets are to be built in the local style to a high quality with wood, real stone and wood casement windows. The top floor apartments have huge exposed wooden beams and these also have the possibility to have a fireplace and chimney. Heating will be provided by a geothermal system which is both ecologically sound and cheap to run. Location Engelberg is just 85km from Zurich and may be accessed by motorway in 1hr 15 minutes or directly by train as Engelberg has it s own station. The Titlis Resort is in the perfect location just 200m from the Titlis lift which gives access to the Titlis glacier at over 3000m. It is less than five minutes walk to the centre of the resort to shops, bars and restaurants. The Titlis Resort is at the foot of the slopes just 200m from the lift and five minutes walk to the station so there s no need to have a car; you can arrive by train. Construction is well advanced and phase 1, the first four chalets (6,7,8 and 9) are now finished and available to stay in. The development sold so well that phase two Chalet Steinberg (4) and Chalet Laub (5) will start ahead of schedule and will be delivered for A show apartment is available so you can get a feel for the style and finish of the apartments and see the furniture which is offered.

4 Phase one is now complete

5 Chalet 1 (phase 3) Chalet 2 (phase 3) Floor Apartment / Type Bedrooms Floor Area Price Status m 2 SOLD SOLD m 2 SOLD SOLD Ground m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD First m 2 SOLD SOLD m 2 900,000 Sfrs Available Second m 2 SOLD SOLD m 2 SOLD SOLD Top m 2 RESERVED RESERVED Phase 1 is finished Phase 2 is built and the roof is on, completion Summer 2014 including the reception and wellness facilities Phase 3 Just released for sale with delivery in December 2014 The whole resort will be completed by December 2014 Floor Ground First Second Top Apartment / Type Bedrooms Floor Area Price Status m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 695,000 Sfrs Available m 2 730,000 Sfrs Available m 2 SOLD SOLD m 2 SOLD SOLD m 2 790,000 Sfrs Available m 2 705,000 Sfrs Available m 2 SOLD SOLD m 2 SOLD SOLD m 2 RESERVED RESERVED m 2 SOLD SOLD m 2 SOLD SOLD m 2 RESERVED RESERVED m 2 SOLD SOLD

6 Chalet 3 (phase 3) Chalet 3 (phase 3) Floor Apartment / Type Bedrooms Floor Area Price Status Floor Apartment / Type Bedrooms Floor Area Price Status m 2 SOLD SOLD m 2 945,000 Sfrs Available m 2 SOLD SOLD m 2 320,000 Sfrs Available Ground m 2 SOLD SOLD m 2 RESERVED RESERVED Second m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 RESERVED RESERVED m 2 SOLD SOLD m 2 SOLD SOLD m 2 1,030,000 Sfrs Available m 2 1,100,000 Sfrs Available m 2 315,000 Sfrs Available Top m 2 965,000 Sfrs Available First m 2 SOLD SOLD m 2 SOLD SOLD m 2 660,000 Sfrs Available m 2 RESERVED RESERVED m 2 705,000 Sfrs Available

7 Chalet 4 Steinberg (phase 2) Chalet 5 Laub (phase 2) Floor Apartment / Type Bedrooms Floor Area Price Status m 2 SOLD SOLD First m 2 SOLD SOLD m 2 740,000 Sfrs Available m 2 SOLD SOLD m 2 810,000 Sfrs Available 422 Studio 43m 2 SOLD SOLD Second m 2 SOLD SOLD m 2 755,000 Sfrs Available m 2 SOLD SOLD m 2 SOLD SOLD Top m 2 SOLD SOLD m 2 RESERVED RESERVED Phase 1 is finished Phase 2 is built and the roof is on, completion Summer 2014 including the reception and wellness facilities Phase 3 Just released for sale with delivery in December 2014 The whole resort will be completed by December 2014 Floor Ground First Second Top Apartment / Type Bedrooms Floor Area Price Status m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 650,000 Sfrs Available m 2 930,000 Sfrs Available m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 SOLD SOLD m 2 RESERVED RESERVED m 2 SOLD SOLD m 2 SOLD SOLD m 2 1,100,000 Sfrs Available m 2 995,000 Sfrs Available m 2 SOLD SOLD

8 Chalet 6 Langwand (phase 1) Chalet 7 Sulzli (phase 1) Floor Apartment / Type Bedrooms Floor Area Price Status Floor Apartment / Type Bedrooms Floor Area Price Status 601 / Type R 2 80m 2 570,000 Sfrs SOLD 701 / Type G 2 89m 2 625,000 Sfrs SOLD Ground 602 / Type D2 1 56m 2 405,000 Sfrs SOLD 603 / Type D 1 57m 2 410,000 Sfrs SOLD 604 / Type L m 2 925,000 Sfrs SOLD Ground 702 / Type A studio 42m 2 295,000 Sfrs SOLD 703 / Type A studio 42m 2 SOLD SOLD 704 / Type L 3 133m 2 920,000 Sfrs SOLD 605/ Type F2 2 95m 2 680,000 Sfrs SOLD 711 / Type G 2 88m 2 515,000 Sfrs SOLD 606/ Type F 2 93m 2 665,000 Sfrs SOLD 611 / Type R 2 80m 2 580,000 Sfrs SOLD First 712 / Type A studio 42m 2 305,000 Sfrs SOLD 713 / Type A studio 42m 2 305,000 Sfrs Available 612 / Type D2 1 56m 2 410,000 Sfrs SOLD 714 / Type L 3 133m 2 945,000 Sfrs SOLD First 613 / Type D 1 57m 2 415,000 Sfrs SOLD 614 / Type L m 2 950,000 Sfrs SOLD 615/ Type F2 2 94m 2 700,000 Sfrs SOLD Second 721 / Type G 2 88m 2 525,000 Sfrs SOLD 722 / Type A studio 42m 2 315,000 Sfrs SOLD 723 / Type A studio 42m 2 315,000 Sfrs SOLD 616 / Type F 2 92m 2 695,000 Sfrs Available 724 / Type K 2 115m 2 870,000 Sfrs SOLD Second 621 / Type S 3 136m 2 1,030,000 Sfrs SOLD 623 / Type D 1 57m 2 425,000 Sfrs SOLD 624 / Type K m 2 870,000 Sfrs SOLD Top 731 / Type N 3 116m 2 895,000 Sfrs SOLD 732 / Type N 3 124m 2 985,000 Sfrs SOLD 625 / Type F2 2 94m 2 720,000 Sfrs SOLD 626 / Type F 2 92m 2 705,000 Sfrs SOLD Top 631 / Type P 3 131m 2 1,005,000 Sfrs SOLD 632 / Type P 3 132m 2 1,040,000 Sfrs SOLD 633 / Type O 3 137m 2 1,110,000 Sfrs SOLD

9 Chalet 8 Wendensattel (phase 1) Chalet 9 Schaftal (phase 1) Floor Apartment / Type Bedrooms Floor Area Price Status Floor Apartment / Type Bedrooms Floor Area Price Status Ground 801 / Type M 3 144m 2 970,000 Sfrs SOLD First 811 / Type M 3 130m 2 740,000 Sfrs SOLD 812 / Type M 3 132m 2 925,000 Sfrs SOLD Second 821 / Type M 3 129m 2 940,000 Sfrs SOLD 822 / see plan 2 112m 2 845,000 Sfrs SOLD Top 831 / See plan 3 125m 2 940,000 Sfrs SOLD 832 / See plan 1 81m 2 635,000 Sfrs SOLD Ground First Second Top 901 / Type G 1 73m 2 540,000 Sfrs SOLD 902 / Type A 1 57m 2 410,000 Sfrs SOLD 903 / Type A studio 42m 2 305,000 Sfrs SOLD 904 / Type L 3 134m 2 950,000 Sfrs SOLD 911 / Type G 1 72m 2 550,000 Sfrs SOLD 912 / Type A 1 56m 2 420,000 Sfrs SOLD 913 / Type A studio 42m 2 310,000 Sfrs SOLD 914 / Type L 3 134m 2 975,000 Sfrs SOLD 921 / Type G 2 87m 2 680,000 Sfrs SOLD 922 / Type A studio 42m 2 320,000 Sfrs SOLD 923 / Type A studio 42m 2 320,000 Sfrs SOLD 924 / Type K 2 115m 2 900,000 Sfrs SOLD 931 / Type N 3 112m 2 880,000 Sfrs SOLD 932 / Type N 3 113m 2 915,000 Sfrs SOLD Phase 1 now completed Underground garage places available for between 40,000-80,000 Sfrs Some apartments are required to buy a double garage space 60,000 Sfrs ( ) Full furniture and equipment packages are available if required All apartments are available for foreigners Prices current as of: 30 June 2014

10 Plot Plan Wellness The resort has a huge wellness of 500m 2 spread over two floors

11 Studio type A (from 295,000 sfrs) 1 bed type D (from 410,000 sfrs) Apartment numbers: 702, 703, 712, 713, 902, 903, 913 Apartment numbers: 603, 613, 902

12 1 bed Apt. type T (540,000 sfrs) 2 bed Apt. (740,000 sfrs) Apartment numbers: 901 Apartment numbers: 414

13 2 bed Apt. (695,000 sfrs) 2 bed Apt. (810,000 sfrs) Apartment numbers: 415 Apartment numbers: 421

14 2 bed Apt. (755,000 sfrs) 2 bed Apt. (715,000 sfrs) Apartment numbers: 424 Apartment numbers: 425

15 2 bed Apt. (845,000 sfrs) 2 bed Apt. (650,000 sfrs) Apartment numbers: 431 Apartment numbers: 506

16 2 bed Apt. (665,000 sfrs) 2 bed Apt. (695,000 sfrs) Apartment numbers: 515 Apartment numbers: 516

17 2 bed Apt. (680,000 sfrs) 2 bed Apt. (710,000 sfrs) Apartment numbers: 525 Apartment numbers: 526

18 3 Beds Apt. (895,000 Sfrs) 3 beds Apt. (970,000 Sfrs) Apartment numbers: 731 Apartment numbers: 801

19 3 beds Apt. type L (from 920,000 Sfrs) 3 beds Apt. type L2 (from 940,000 Sfrs) Apartment numbers: 704, 714, 904 Apartment numbers: 604, 614

20 3 beds Apt. type M (from 925,000 Sfrs) 3 bed Apt. (995,000 sfrs) Apartment numbers: 812, 821 Apartment numbers: 532

21 3 bed Apt. (1,135,000 sfrs) 4 bed Apt. (1,195,000 sfrs) Apartment numbers: 433 Apartment numbers: 533

22 The Titlis Resort is the perfect investment Rent if you wish? These apartments are classed as second homes so you may keep it exclusively for your own use or you may rent it if you wish. Privileges if you rent If you decide to rent your apartment out though the Titlis Resort AG and sign a five year rental agreement you will be entitled to: If you decide to rent your apartment on a commercial basis then you may still block out as many weeks for your self as you wish (including the prime weeks). You are required to rent through the Titlis Resort AG which owns and operates restaurants, bars, shops and the 370 bed Terrace Hotel and the Alpine Lodge in Engelberg. When you are not using your apartment it will be placed in the rental pool that week and you will receive a share of the rental income of all the apartments in the rental pool that week wether your apartment is actually rented or not. The income will be divided between the owners in accordance with the m2 of each apartment after deduction of the running costs which include tourist taxes, credit card charges and management fee for booking commission and service. Membership of the Rotair Club (free ski waxing, AGM with free lift pass and exclusive brunch, free use of luxury gondola and VIP entrance) Discounted ski pass (group tariff) No green fees at the Engelberg Golf Club (subject to capacity) Free admission to the Titlis Resort Wellness Furniture packages are available if required. All apartments are available for foreigners. All apartments have second home status.

23 Engelberg is an attractive historic village Legal Requirements As the Titlis Resort is a touristic development all apartments are authorised for sale to foreigners. The notary will apply for your foreigner purchase permit as part of the purchase procedure. Owners may resell at any time to a Swiss or to a foreigner who is residing in Switzerland but must wait for 5 years to sell to a foreigner not residing in Switzerland. Purchase in own name only. Purchase costs Engelberg is in the Canton of Obwalden, which has one of the cheapest tax structures of all the Cantons in Switzerland. The total purchase costs including taxes, notary fees and land registry fees payable by the Purchaser will be in the region of 2% of the purchase price. The vendor will pay half of the land registry fees and half of the costs for the contract and notarisation. The change of ownership taxes are to be paid by the Buyer. Purchase terms Reservation payment: 20,000 Sfrs < 1,000,000 Sfrs* Reservation payment: 50,000 Sfrs > 1,000,000 Sfrs* 30% when signing the notarised sales deed (*Inc res) 70% upon delivery of the finished apartment All payments are made to the notary s client account Finance Swiss banks will lend up to 70% of the purchase price and interest rates are the cheapest in Europe currently around 1.5% variable or 2% fixed for the first ten years. Loans are flexible (you can pay off part or all and often with minimal notice). Usually the capital is paid back each quarter over the period of the loan (usually 25 years) and you pay interest quarterly on the capital balance outstanding each quarter so the amount of interest payable decreases as the loan is paid off. Click here to view our buyers guide

24 Last chance to buy a second home apartment Annual Property taxes Owners pay taxes to the commune of Engelberg, the Canton of Obwalden and the Federal government. Obwalden has one of the lowest tax rates in Switzerland. Owners have a choice of completing a tax declaration disclosing their world-wide assets or being assessed on the basis of the property in Engelberg and the income it produces. Most owners elect to be assessed. You will pay almost the same annual tax if you decide to rent your apartment or if you keep it exclusively for your own use. If you do not rent your apartment then your tax is calculated on a notional rental income which is based on the taxable value of the property (about 60% of the market value). The total annual property taxes will be around 4,500 Sfrs per year for an apartment valued at 1m sfrs or approximately 0.5% of market value. Or if you do rent then you will be taxed on the actual rental income. You may deduct some expenses and interest on your mortgage. As a rule of thumb you will pay income tax at around 20% on the gross income or approximately 5,000 Sfrs on a property valued at 1m sfrs so also around 0.5% of market value. Annual Running costs The yearly running costs for electricity, heating, water, admin., etc. for a development of this type is usually a maximum of 1% of the value of the property. This also includes a contribution to the CAPEX or renovation fund. Investment potential In a referendum the Swiss voted to block new building applications for the construction of new second homes in 2013 so this is the last opportunity to buy a new holiday home in the Swiss Alps. The Titlis Resort will be an excellent investment and will increase in value as no more building permits will be given in future for the construction of new properties like this. A new high speed gondola will be ready for winter 2014 from Engelberg Stand, a total investment of 40m Sfrs. There are also plans to link to Melchsee Frutt (see below).

25 The Titlis Glacier Park Winter Engelberg has one of the largest vertical drops in the Alps with some snow-sure slopes and epic off-piste runs and one of the longest ski seasons in the Alps. A modern system of 25 lifts serve 82km of pistes and there are plans to link to the neighbouring resort of Melchsee-Frutt which would make this the largest ski area in Central Switzerland. There are three beginners slopes and some challenging long descents for good skiers including the the legendary Galtiberg a 12km long run which descends 2000m from glaciers to the valley floor. Experts will find plenty of off-piste skiing at the top of the Titlis. Cross country skiers have plenty of trails in the valley and on Gerschnialp. You can visit the Igloo Village at Trübsee to see how igloos are built and check out the Igloo Bar for drinks or a fondue or even stay the night in an igloo for two or four persons. The Titlis Glacier The Titlis Glacier Park and Ice Flyer chairlift at 3000m are a snow-sure paradise. for skiers, boarders, and walkers. There is also a freestyle park and a glacier grotto in the eternal ice of the Titlis. Skiing is possible from early October till the end of May - there s always snow! Non-Skiers There is plenty to do in Engelberg in addition to skiing. There are 36km of winter walking and hiking trails and the sports centre has indoor tennis, curling, ice hockey ice-skating, night skiing, and even ski jumping on the championship level jump in the village. There are over fifty restaurants, serving everything from traditional Swiss cuisine to Tex-Mex, Chinese and Indian and gourmet Swiss / French haute cuisine at the Schweizerhaus. Once a month there is a dining trip to the Titlis and there are also sleigh and fondue evenings on the mountain. Après Ski Engelberg offers an excellent choice of bars and pubs that offer live music. The Chalet at the foot of the slopes and the lively Yucatan are good places to start. The Spindle disco is a perennial favourite, the Eden Bar and CC are good for dancing and you ll find Europe s highest bar on the Titlis at 3020m. There is even a casino in the resort.

26 Engelberg Piste map - 82km of piste up to 3,020m Proposed linking of three ski areas

27 Dual season resort with golf course Summer Engelberg offers a staggering 360km of walking and hiking trains for all levels including several theme trails (mountain flower trail, Brunei trail, tickle trail, Knapp trail) and the hiking paradise of Trübsee; a popular starting point for tours to several mountain lakes which is located halfway up the Titlis. Lucerne One of Switzerland s most stunning medieval cities is just 20 minutes from Engelberg. In a dramatic lakeside setting surrounded by mountains Lucerne offers wonderful boat trips, classical concerts and other cultural activities throughout the summer. Lucerne has some lovely lakeside restaurants, street cafes, and good shops. Plenty to do Other options include climbing up one of the four via ferratas, paragliding through the mountain air, river rafting and canyoning and biking. Engelberg has a sport centre with indoor tennis, curling, ice hockey rink, and gym. There is also an indoor and outdoor swing pool just 5 minutes walk from the Titlis Resort. Golf The golfing experience in Engelberg is magnificent with the combination of a spectacular mountain backdrop and challenge of the 18-hole course. These form the perfect meld of sport and nature. From May to October golf enthusiasts have the opportunity to improve their handicap in this truly heavenly setting.

28 Contact us for advice or to arrange a visit Viewing Let us know if you would like to arrange a visit. Making a viewing is easy and inexpensive. It is possible to make a day trip, but if you would like to stay for longer please let us know and we will recommend good hotels in the area. In the ski season (November to May) we are able to offer a special package for stays of two night or more which includes accommodation, breakfast buffet, two day ski pass, and use of the sauna and steam room. Price from 222 Sfrs / 148 EUR 148 per person for two persons sharing a double room. Company Profile Alp Village SA is a Swiss developer specialising in building high quality chalets and apartments in some of the best ski resorts in Switzerland. Contact Simon Malster Alp Village Tel: +44 (0) simon@alp-village.com Disclaimer Whilst we make every attempt to ensure the accuracy and reliability of the information contained in all brochures and the company website, the company, its employees and agents will not be responsible for any loss, however arising, from the use of, or reliance on this information. The sales deed prepared by the local Notary will contain all the terms of the sale and no warranty or representation made by an other person which is not specifically included in that deed of sale is legally enforceable. Alp Village 2014