EFTA01454835

Key investment highlights V st) V Les Bordes Golf, a unique trophy asset Extraordinary planning consent with strong support from the regional and local authorities Attractive market with strong fundamentals Low risk profile with attractive returns Highly experienced team of advisors in place Golf course consistently ranked as number 1 in Europe by Golf World magazine and among the best golf courses in the world One-off opportunity in prime Western Europe 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 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 Self financing project in the third year of development thanks to residential phased sales resulting in limited cash flow requirements Full team of highly experienced professionals already mandated 2 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0113210 CONFIDENTIAL SDNY_GM_00259394 EFTA01454835