CORPORATE CAPABILITY STATEMENT

CORPORATE CAPABILITY STATEMENT Defining landscapes since 1985 astrep818/20160718

1.0 ABOUT 03 1.1 OVERVIEW 03 1.2 SERVICES SUMMARY 04 1.3 DEFINING LANDSCAPES 05 1.4 CLIENTS 08 1.5 NOTABLE ACHIEVEMENTS 09 1.6 ORGANISATION CHART 10 1.7 CORPORATE INFORMATION 11 2.0 EXPERTISE 12 2.1 ASSET MANAGEMENT 12 2.2 SALES 13 2.3 LEASING 14 2.4 VALUATION & ADVISORY 15 2.5 SALES MANAGEMENT 16 2.6 OWNERS ASSOCIATION 17 2.6 LICENSING 18 3.0 PEOPLE 19 We provide innovative property solutions and quality service to our customers with integrity, transparency and professionalism as the cornerstone of our business. PPM Conrad, Sheikh Zayed Road, astrep818/20160718 Page 2

1.0 ABOUT OVERVIEW 1.1 OVERVIEW The Middle East s largest full service real estate consultancy company, Asteco was formed in in 1985. Over the years, Asteco has gained enormous respect for consistently delivering high quality, professional, value-added services in a transparent manner. It is also widely recognised for its involvement with many of the projects that have defined the landscape and physical infrastructure of the Emirates. Jordan AMMAN Ras Al Khaimah Um Al Quwain Ajman SHARJAH Asteco has an essential combination of local knowledge and international expertise. A deeply established brand, renowned for its application of the latest technological advances, its commitment to transparency, winning strategies and human expertise. Undisputed real estate experts, Asteco represents a significant number of the region s top property owners, developers and investors. ABU DHABI DUBAI Asteco has witnessed outstanding growth and diversification over the decades and has built a strong regional network of offices and currently operates in; Abu Dhabi Al Ain Jordan Sharjah United Arab Emirates AL AIN astrep818/20160718 Page 3

1.0 ABOUT SERVICES SUMMARY 1.2 SERVICES SUMMARY As a truly integrated property services company, the core business lines Asteco conducts from its offices throughout the Middle East are listed below. All of these are headed up by highly qualified Directors with decades of local and international experience in their respective fields; Asset Management Sales Leasing Valuation & Advisory Sales Management Owners Association Licensing Our property services cover all land use categories/market sectors including residential, offices, retail, industrial and land. World Trade Centre Residence,, UAE astrep818/20160718 Page 4

1.0 ABOUT DEFINING LANDSCAPES 1.3 DEFINING LANDSCAPES 1985 1999 2002 2003 2004 ABCD Blocks Emirates Towers Palm Jumeirah Shangri La Residences Abu Dhabi Commercial Bank Abu Dhabi astrep818/20160718 Page 5

1.0 ABOUT DEFINING LANDSCAPES 2005 2006 2007 2008 2009 Al Raha Gardens Abu Dhabi ADCP Abu Dhabi Park Place Discovery Gardens Sama Tower astrep818/20160718 Page 6

1.0 ABOUT DEFINING LANDSCAPES 2010 2011 2012 2013 2014 2015 Rolex Tower Maze Tower Latifa Tower Offices @ the Conrad API Trio United Arab Emirates University (UAEU) Al Ain astrep818/20160718 Page 7

1.0 ABOUT CLIENTS 1.4 CLIENTS AT ASTECO WE ARE COMMITTED TO USING OUR EXTENSIVE INDUSTRY KNOWLEDGE, CONSULTATIVE APPROACH AND VAST POOL OF RESOURCES TO HELP OUR CLIENTS MAXIMISE THE VALUE OF THEIR REAL ESTATE ASSETS. WE PROVIDE A CUSTOMISED MIXTURE OF COMPREHENSIVE REAL ESTATE SERVICES AND PRODUCTS TO DELIVER MEASURABLE RETURNS FOR A RANGE OF INSTITUTIONAL, INVESTOR, OFFSHORE AND INDIVIDUAL CLIENTS. astrep818/20160718 Page 8

1.0 ABOUT NOTABLE ACHIEVEMENTS SALES LEASING ASSET MANAGEMENT VALUATION & ADVISORY OWNERS ASSOCIATION SALES MANAGEMENT 13bn TOTAL SALES VALUE (AED) 13.8mil SQ FT SOLD 7478 UNITS SOLD 11055 UNITS LET 15.9mil SQ FT LET 13000 UNITS CURRENTLY MANAGED 4.5mil SQ FT OF PROPERTY UNDER MANAGEMENT AED344bn TOTAL MARKET VALUE OF ABU DHABI VALUATIONS 2011-2016 AED219bn TOTAL MARKET VALUE OF DUBAI VALUATIONS 2011-2016 100% RETENTION RATE 90%+ SC COLLECTION RATE ON ALL INSTRUCTIONS 3500 UNITS HANDED OVER AED9bn AMOUNT COLLECTED 6.85mil SQ FT astrep818/20160718 Page 9

1.0 ABOUT ORGANISATION CHART 1.6 ORGANISATION CHART Managing Director John Stevens MRICS Agency Services Sean McCauley MBA BCom Asset Services John Stevens MRICS Valuation & Advisory John Allen MRICS Licensing Services Omar Binder BA (Hons) Sales/Leasing Investment Sales Sales Management Asset Management Owners Association Valuation Consultancy Research Advisory Licensing astrep818/20160718 Page 10

1.0 ABOUT CORPORATE INFORMATION 1.7 CORPORATE INFORMATION Name Asteco Property Management LLC Place of Incorporation, United Arab Emirates Date of Incorporation 1985 Certificate of Incorporation Number / Reference 218551 Names of Directors John Stevens MRICS Managing Director - Director, Asset Services John Allen MRICS Director, Valuation & Advisory Sean McCauley MBA BCom Director, Agency Omar Binder BA (Hons) Director, Licensing Services Head Office 3rd Floor, Rolex Tower, Sheikh Zayed Road (next to Financial Centre Metro Station) PO Box 65361,, UAE Telephone: +971 4 4037777 Fax: +971 4 4037778 Rolex Tower, astrep818/20160718 Page 11

2.0 EXPERTISE ASSET MANAGEMENT 2.1 ASSET MANAGEMENT Asteco provides comprehensive asset management services to all property Owners, whether a single unit (IPM) or a regional mixed use portfolio. Our focus is on maximising value for our Clients. The appointment of Asteco ensures a smooth opening or transition, if already being managed. We provide accurate property accounting and reporting and ensure that the regulations governing property are enforced whilst maintaining appropriate service levels. We aim to exceed the expectation of our Clients through the continuous development of innovative programs, implementation of proven processes of internal controls and systems and mobilising across divisional boundaries to ensure Clients and employees alike benefit from access to all the capabilities Asteco has to offer. John Stevens MRICS Managing Director/Director, Asset Services Telephone: +971 4 4037777 Email: JohnS@Asteco.com Asteco has an extensive portfolio of properties under management, with a number of these appointments being for a considerable length of time. These assets include: Management of individual properties on behalf of absentee Landlords (IPM) Residential compounds and towers Grade A commercial towers Residential apartment blocks associated with hotels Large mixed use developments which have a number of complimentary uses (commercial, retail and residential) Emirates Towers, Sheikh Zayed Road, Asteco s approximate amount of real estate under property management has increased to over 450 developments in 2015. astrep818/20160718 Page 12

ASSET MANAGEMENT SALES LEASING 2.0 EXPERTISE SALES 2.2 SALES Asteco has established a large regional property Sales division. Our Sales teams have extensive experience in the negotiation and sale of a variety of assets including independent villas, single apartments and apartment blocks, large vacant plots of land and a wide range of commercial and residential buildings. Sean McCauley MBA BCom Director, Agency Telephone: +971 4 4037777 Email: SeanM@Asteco.com We are the market leader and have unparalleled expertise in the marketing and sales of large scale off plan residential projects. Our sales methods are strategic, our reach is large - both physically and virtually, via our website and numerous online marketing capabilities. We have long-term experience and a solid track record in: Residential sales Office sales Retail sales Industrial sales Domestic and international property sales Investment Sales IBN Battuta Gate, astrep818/20160718 Page 13

2.0 EXPERTISE LEASING 2.3 LEASING Asteco has been instrumental in the leasing of many high-profile developments across the GCC. Asteco has a large number of leasing Consultants who speak a multitude of languages actively working within their specific field within the regional real estate market, proactively dealing with: Establishment of leasing offices administration systems Accompanying prospective Tenants on viewings Negotiating with prospective Tenants and their representatives Advising on and participating in the promotion of the property Responding to compliance and financial queries Documentation processing Sean McCauley MBA BCom Director, Agency Telephone: +971 4 4037777 Email: SeanM@Asteco.com As one of the leading leasing agents in the region, Asteco has extensive experience in leasing the following property types: Residential Commercial Retail Industrial 48 Burjgate, astrep818/20160718 Page 14

ASSET MANAGEMENT VALUATION & ADVISORY SALES SALES MANAGEMENT LEASING OWNERS ASSOCIATION 2.0 EXPERTISE VALUATION & ADVISORY 2.4 VALUATION & ADVISORY Our professional advisory services are conducted by qualified personnel all of whom have had extensive real estate experience within the Middle East and internationally. Our valuations are carried out in accordance with the Royal Institution of Chartered Surveyors (RICS) and International Valuation Standards (IVS) and are undertaken by appropriately qualified valuers with extensive local experience. John Allen MRICS Director, Valuation & Advisory Telephone: +971 4 4037777 Email: JohnA@Asteco.com The Professional Services Asteco conducts throughout the region include: Consultancy and Advisory services Market Research Valuation services Our advisory services cover all market sectors including residential, offices, retail, industrial, hospitality and development land. Further information about our specific services can be found in the Valuation & Advisory Capability Statement, available on request. API Trio, astrep818/20160718 Page 15

ASSET MANAGEMENT VALUATION & ADVISORY SALES SALES MANAGEMENT LEASING OWNERS ASSOCIATION 2.0 EXPERTISE SALES MANAGEMENT 2.5 SALES MANAGEMENT Our Sales Management services are comprehensive and encompass everything required for the successful completion and registration of title of units to individual unit owners. We cater to the needs and expectations of both the Developer/s and the Purchaser/s, co-ordinating with related third parties, such as mortgage providers and the Land department in order to ensure smooth handover/completion. Shilpa Guruswamy Head of Sales Management Telephone: +971 4 4037777 Email: ShilpaG@Asteco.com The services Asteco carries out include: Establishing sales booking systems Documentation execution Collection of deposits/purchase price payments and issuance of receipts and invoices Inventory control and document preparation (Reservation Forms, SPAs) Fortnightly sales reports Liaison between Developer, Purchaser and third parties Official transition of title of ownership Al Bateen Residences, astrep818/20160718 Page 16

ASSET MANAGEMENT VALUATION & ADVISORY SALES SALES MANAGEMENT LEASING OWNERS ASSOCIATION 2.0 EXPERTISE OWNERS ASSOCIATION 2.6 OWNERS ASSOCIATION We have the experience, systems, procedures and manuals in place to provide streamlined comprehensive Association Management and Consultancy Services to residential, commercial and mixed use communities throughout the GCC Region and to date have maintained 100% Client retention. The management of a jointly owned property differs to that of a singular Owner property in the way in which the Owners Association must react to situations, make decisions, issue instructions and appoint service providers. The role of the Association Manager requires a high degree of responsibility and experience, it is the Association Manager that must guide the Owners Association on matters concerning the Jointly Owned Property Law, supervision of the day to day operations and manage the finances of the Owners Association. Nicholas White Associate Director Association Management Services Telephone: +971 4 4037777 Email: NickW@Asteco.com The Professional Association Services Asteco conducts throughout the region include: Consultancy and planning Financial and general administration of Owners Association Meeting and Service Provider Coordination Although the structure and management of Owners Associations in is a very recent addition to the property landscape you can have confidence that with Asteco Property Management you are not dealing with a new virgin management company. Asteco Property Management has been providing dedicated property solutions to our clients for more than 30 years and our Association Management team has been in operation since 2007 with a combined Owners Association Management experience of more than 30 years in the region and internationally. Oceana, Palm Jumeirah, astrep818/20160718 Page 17

2.0 EXPERTISE LICENSING 2.7 LICENSING Bringing together our brand, knowledge and experience. Licensing forms an integral part of our business, extending our brand reach throughout the UAE and into new territories across the MENA region, forming strategic agreements with real estate professionals. It is widely recognised, that our brand, network, systems and procedures, created through a vast wealth of experience and expertise, add value to these agreements. Our Licensing services currently include, Real Estate Brokerage Franchising and associated support services, with many of the key elements designed specifically around the Franchisee, making it a truly unique and bespoke franchise opportunity. Omar Binder Director, Licensing Services Telephone: +971 4 4037777 Email: OmarB@Asteco.com Extending our brand reach astrep818/20160718 Page 18

3.0 PEOPLE MANAGEMENT CV S JOHN STEVENS BSC, MSC (HONS) MRICS Summary MANAGING DIRECTOR/DIRECTOR, ASSET SERVICES John is responsible for developing, managing and delivering business strategy, to maximise shareholder value and return-on-investment. Prior to his appointment as Managing Director, John was responsible for the operations of the Asteco Property Management Department across the region. Before joining Asteco in 2004, John worked in South East Asia for 10 years managing some of the region s best known property portfolios gaining a wide range of experience from Property, Asset and Strata Management to Workspace and Facilities Management for fortune 500 clients. John has continued his specialisation in this field and has been a pioneer in the establishment and continued development of professional management services. He is respected within the industry for developing this service. With the experience of providing strategic property advice to Owners and Occupiers, he has a unique and detailed understanding of the operation, maintenance and planning involved in managing Clients portfolios with the goal of assisting them to achieve their real estate objectives. Qualifications and Associations Member of the Royal Institution of Chartered Surveyors (RICS) B.Sc. Degree in Estate Management, University of Greenwich M.Sc. in European and Far Eastern Urban Properties Key Responsibilities Develop business strategy Set business objectives Manage operational policy and procedures Enhance company image and reputation Deliver return-on-investment to Shareholders astrep818/20160718 Page 19

3.0 PEOPLE MANAGEMENT CV S JOHN ALLEN BSC MRICS Summary DIRECTOR, VALUATION & ADVISORY John brings a wealth of international property expertise to the company, having worked over the past thirty years in both the property services and real estate development sectors in the UK, Australia, Singapore, Hong Kong, Philippines and the GCC. He has worked with the First Pacific Davies group (now Savills) since 1988, as Director of the valuation and research division in Hong Kong and, subsequently from 1992, as Director and General Manager of the company s development group, active throughout south-east Asia. His specific area of expertise is development management, dealing with the master planning and design process and commercial analysis of all real estate categories within medium to large scale projects. Specific projects in recent years include the planning, design and commercial negotiations of a major mixed use project in the Philippines, the construction of a serviced apartment and office building in Vietnam, two residential and office buildings in Hong Kong and two residential projects in Kuala Lumpur. Qualifications and Associations Member of the Royal Institution of Chartered Surveyors (RICS) BSc in Estate Management Polytechnic of the South Bank Key Responsibilities Master planning and land use consultation Project planning and implementation Real estate analysis and valuation advice Market and financial feasibility studies Commercial lease and joint venture negotiation advice Market pricing and project positioning astrep818/20160718 Page 20

3.0 PEOPLE MANAGEMENT CV S SEAN McCAULEY MBA BCom Summary DIRECTOR, AGENCY A real estate professional possessing over 15 years of experience in property sales and leasing, property development and business development, Sean is responsible for driving the growth and development of the Sales and Leasing Divisions of Asteco. Prior to joining Asteco, Sean was the Vice President of Sales for the largest private real estate developer in the Middle East where he was involved in over 30 projects in several countries across the MENA region. Sean also played a pivotal role in building and expanding Rawson Properties into one of South-Africa s largest real estate companies, which resulted in the company being nominated as a Superbrand. Through Sean s leadership, the Agency division strategically monitors Customer, market and competitor activities, to conceptualise tailor-made sales and leasing strategies. With a results driven team, these strategies are successfully implemented to attain Customer attraction, acquisition and retention. Sean s applied strategic sales and leasing methodologies, deep sector experience, Stakeholder management and negotiation skills have been tried and tested and deliver optimum results in any given market and economic climate. Qualifications and Associations MBA Degree, Henley Business School, UK BCom Degree in Business Management RERA Certified Real Estate Practitioner Key Responsibilities Market pricing and project positioning Developing Key Customer relationships Sales Management and complex sales negotiations Business development Strategic selling strategies and methodologies astrep818/20160718 Page 21

3.0 PEOPLE MANAGEMENT CV S OMAR BINDER BA (HONS) Summary DIRECTOR, LICENSING SERVICES With over 16 years of experience in the real estate sector, leading multinational businesses in sales, operations and business development across Europe and the Middle East, Omar is responsible for the expansion of Asteco s geographical catchment through new and innovative license and franchise centric enterprises, in support of our core business. Prior to his appointment as Director at Asteco, Omar was the Director of Sales (UAE), for one of the UAE s largest private real estate Developers, working on over forty projects within the MENA region, including branded developments such as Versace, Fendi, Donald Trump and Paramount. Qualifications and Associations BA (Hons) Degree in Leadership and Management, Northumbria University Diploma in Management Development, Northumbria University NFOPP (UK) Residential Property Technical award Omar previously worked for one of the UK s largest group of estate agents, the LSL Group, where he was the Regional Director for Reeds Rains. Having overall responsibility for the North East of England, Omar devised the Auction proposition for the business and under his leadership, grew the overall sales and leasing business to become the market leader and agent of choice in the North of England. With vast experience of real estate markets and a deep understanding of the real estate business including real estate franchising and licensing, Omar s aim is to deliver a leading proposition, developing sustainable growth opportunities and support to new Franchisees, operating under the Asteco brand. Key Responsibilities Develop Licensing services Seek out new markets and trends for growth Continually develop offering Enhance Company image and reputation through brand development and growth astrep818/20160718 Page 22

DUBAI Head Office Address: 3rd Floor, Rolex Tower, Sheikh Zayed Road, PO Box 65361 Telephone: +971 4 4037777 Fax: +971 4 4037778 ABU DHABI Address: SJ Tower, Level 8, Office 804-805, Airport Road, PO Box 45640, Abu Dhabi, UAE Telephone: +971 2 6260068 Fax: +971 2 6261923 SHARJAH Address: Dar Al Majaz Building, 1st Floor, Jamal Abdul Nasser, PO Box 60696, Sharjah, UAE Telephone: +971 6 5533400 Fax: +971 6 5533104 AL AIN Address: National Bank Building, 1st Floor, Clock Tower Roundabout, Opp. New Post Office, PO Box 14443, Al Ain, UAE Telephone: +971 3 7666097 Fax: +971 3 7666092 astrep818/20160718 Page 23