Contents

PART I – Ciel Group

PART II – Investing in Mauritius

PART III – Anahita Mauritius

PART IV – Next Development - Amalthea

PART I – CIEL GROUP

Our Global Presence Structure

The Ciel Group is a leading global industrial and investment company founded in 1912, which

today employs over 22,000 people and achieved turnover of Euro 292M (2011) from across the

Indian Ocean, Sub-Sahara African, European and Asian regions

A unique sum of

knowledge,

experience,

resources,

and partnerships

www.cielgroup.com

Structure

Incorporated in 2004, Ciel Properties is the real estate arm of the Ciel Group responsible for the

development and management of the Group’s numerous property assets, including land, mixed-

use, industrial and commercial properties. Ciel Properties is the developer of Anahita Mauritius.

Services

•Asset Management

•Development Management

•Sales and Marketing

•Project/Construction Management

•Procurement

Vision Statement

We are committed as a team to

passionately translate our client’s

real estate needs into dynamic,

innovative and knowledgeable

solutions for the benefit of all our

stakeholders.

PART II – INVESTING IN MAURITIUS

About Mauritius

Mauritius – Facts and Figures

Population 1.25 million

Area 1,865 km²

Currency Mauritian Rupee

(MUR)

GDP 2011 US$ 11bn

GDP Growth 2011 4.1 %

Mauritius – Strategically located

Advantages of Investing in Mauritius

• Great environment, pleasant climate

• Easy business in Mauritius: – 1st in Africa in the World Bank Doing Business rankings

– Strategic location: bridge between Africa and Asia

– Politically and socially stable democracy, active and dynamic economy

• Highly attractive and friendly tax regime

• Foreign property ownership through IRS - Integrated Resort Scheme - (residency)

• Reliable legal framework

• Totally bilingual in English and French

• International schools and reliable health system

PART III – ANAHITA MAURITIUS

Anahita - Master Plan

• Developed by Ciel Properties Ltd

• Site area: 213 Ha

• Attributes: 6km of freehold shoreline

• Concept:

– Integrated Resort Scheme

– Freehold ownership

• Project start date: 2005

• Several completed phases to date

www.anahitamauritius.com

ANAHITA

LE PLAN

DIRECTEUR DE

ANAHITA

ANAHITA

MASTERPLAN

Anahita Mauritius – Project Components

• Anahita is the most exclusive IRS on the island

• Several well established international partners have contributed to its success

The only 18-hole USGA golf course on the island, par-72 designed by Ernie Els + Clubhouse

Property management services and operational management company of hotel facilities at the village

Hotel of 91 Suites and 32 villas Leader on the luxury hotel industry in Mauritius

45 Private Residences

LE PLAN

DIRECTEUR DE

ANAHITA

ANAHITA

MASTERPLAN

• 325 properties upon completion • 116 residences sold and delivered to date • 18 serviced land released • Substantial infrastructure works complete to date

RESIDENCES AT L’ADAMANTE

Anahita Real Estate (completed)

Total 28

Released 28

Sold 28

Delivered 28

Total 70

Released 70

Sold 70

Delivered 70

Total 34

Released 21

Sold 14

Delivered 11

PREMIUM VILLAS

PREMIUM VILLAS

SERVICED LAND

Total 18

Released 9

Reserved 7

Sold 5

Delivered 9

Reserved 9

LE PLAN

DIRECTEUR DE

ANAHITA

ANAHITA

MASTERPLAN

VILLAS, DUPLEXES AND LODGES

Anahita Current Phases (2012-14)

SERVICED LAND

SERVICED LAND

9 Plots (serviced land)

11 Villas, 12 Duplexes, 40 Lodges

13 Premium Villas

9 Plots (serviced land)

PREMIUM VILLAS

Anahita - Sales Value to Date (USD)

Phases Type No. Sold Sales Value (M)

Av. Unit Price (M)

L’Adamante Apartments 70 56.5 0.8

Lunea Villas 28 61.8 2.2

Solaia Villas 14 42.6 3.0

Four Seasons Private Residences

Villas 42 108.1 2.6

The Fairways Land 5 3.0 0.6

Total 159 272

Anahita – Resales

High average capital gains (%)

2008 2009 2010 2011 2012

33%

23%

12% L’Adamante

Lunea

Four Seasons Private Residences

Contemporary style - “Tropical Chic”

PART IV – AMALTHEA

Site Plan

Villa

Duplexes

Lodges

Common swimming pool

Common car parking

Common buggy parking

Residential oasis within Anahita, located at the heart of Anahita (5min walking distance from La Place Belgath)

Product offer

• 11 standalone villas (“townhouses with garden”) on 1,000m2 (av.) plots:

– 3 and 4 (option) bedrooms between 200 - 245(option) m2

• 12 duplexes (“townhouse”) on 750m2 (av.) plots:

– 2 and 3 bedrooms between 150 - 175m2

• 40 lodges on a single plot: higher density

– No. bedrooms: 2 and 3

– Gross area guideline: 150 and 175m2

Villa Exterior View

Villa Interior View – Living Areas

Villa (3 Bedrooms) – Floor Plan

DESCRIPTION NIA (m2)

MASTER BEDROOM 18.4

MASTER BATH 10.7

VERANDA (M.BED) 3.0

BEDROOM 2 18.8

BATH 2 5.7

VERANDA (BED.2) 3.4

BEDROOM 3 17.3

COMMON BATH 5.1

VERANDA (BED.3) 1.9

SALON 33.6

KITCHEN 15.6 WET KITCHEN 4.2

STORE 3.5 LOBBY & LINEN 11.4

DINING VERANDA 25.2

TOTAL NIA 177.8

TOTAL GEA 201.0

EXTERNAL AREAS

SWIMMING POOL 30.0

POOL DECK 33.3

POOL SEATING AREAS 5.4

ENTRANCE YARD 34.7

BUGGY PARKING 6.4

Notes:

NIA: Net Internal Area GEA: Gross External Area

GROUND FLOOR

Duplex (2 Bedrooms) Exterior View

Duplex (3 Bedrooms) – Master Bed

Duplex (3 Bedrooms) – Floor Plans

GROUND FLOOR NIA (m2)

BEDROOM 3 13.3

BATH 3 5.1

VERANDA (BED. 3) 3.2

ENTRANCE LOBBY 3.0

DINING / SALON 26.7

KITCHEN 7.6

VERANDA 24.7

STORE 1 1.1

STORE 2 2.2

GUEST WC 1.8

TOTAL NIA (GF) 88.7

FIRST FLOOR NIA (m2)

MASTER BEDROOM 21.5

MASTER BATH 6.6

BEDROOM 2 17.3

BATH 2 4.9

STAIRCASE 7.8

TOTAL NIA (FF) 58.1

TOTAL NIA (GF + FF) 146.7

TOTAL GEA 168.4

EXTERNAL AREAS

SWIMMING POOL 32.0

KITCHEN YARD 15.7

BUGGY PARKING 6.6

GROUND FLOOR FIRST FLOOR

Duplex (2 Bedrooms) – Floor Plans

GROUND FLOOR NIA (m2)

ENTRANCE LOBBY 2.5

SALON 21.2

DINING ROOM 14.5

KITCHEN 8.2

VERANDA 20.4

GUEST W.C 2.8

STORE 1 2.3

STORE 2 1.1

EXTERNAL STORE 2.2

TOTAL NIA (GF) 75.0

FIRST FLOOR NIA (m2)

MASTER BEDROOM 16.9

MASTER BATH 6.6

BEDROOM 2 17.3

BATH 2 4.9

STAIRCASE 7.8

TOTAL NIA (FF) 53.6

TOTAL NIA (GF + FF) 128.6

TOTAL GEA 152.9

EXTERNAL AREAS

SWIMMING POOL 32.0

EXTERNAL DINING 10.1

BUGGY PARKING 6.6

KITCHEN YARD 15.7

GROUND FLOOR FIRST FLOOR

Lodge Exterior View – Typical Block

Lodge (3 Bedrooms)– Living Areas

Lodge(3 Bedrooms) – Floor Plans

GROUND FLOOR NIA (m2)

BEDROOM 2 16.3

BATH 2 4.0

BEDROOM 3 26.8

BATH 3 4.2

ENTRANCE LOBBY 4.0

KITCHEN 7.2

SALON 26.2

DINING VERANDA 17.3

CORRIDOR 4.5 GUEST W.C 1.8

EXTERNAL STORE 2.1

TOTAL NIA (GF) 114.4

FIRST FLOOR NIA (m2)

MASTER BEDROOM 22.5

MASTER BATH 5.7

MASTER W.C 1.8

MASTER BALCONY 6.3

STAIRCASE 7.1

TOTAL NIA (FF) 43.3

TOTAL NIA (GF + FF) 157.8

TOTAL GEA 186.0

EXTERNAL AREAS

ENTRANCE YARD 30.0

KITCHEN YARD 8.4

GROUND FLOOR FIRST FLOOR

Lodge(2 Bedrooms) – Floor Plans

GROUND FLOOR NIA (m2)

ENTRANCE LOBBY 2.6

KITCHEN 7.2

SALON 26.6

DINING VERANDA 17.3

GUEST W.C 2.5

STAIRCASE LOBBY 1.9

EXTERNAL STORE 2.1

TOTAL NIA (GF) 60.1

FIRST FLOOR NIA (m2)

MASTER BEDROOM 26.5

MASTER BATH 7.3

BEDROOM 2 16.2

BATH 2 4.2

STAIRCASE & UPPER LOBBY 10.2

TOTAL NIA (FF) 64.4

TOTAL NIA (GF + FF) 124.5

TOTAL GEA 147.4

EXTERNAL AREAS

ENTRANCE YARD 15.6

KITCHEN YARD 8.4

GROUND FLOOR FIRST FLOOR

Targeted pricing and markets

• Average sale prices in k€ (including all taxes)

• Target markets: France, Switzerland, Belgium, Luxembourg, United Kingdom, South Africa,

Madagascar, Singapore, Hong Kong and Scandinavia.

Estimated sales price per unit

Villas 3-bedrooms

Duplexes 3-bedrooms

Duplexes 2-bedrooms

Lodges 3-bedrooms

Lodges 2-bedrooms

Area (NIA), m2

180 160 130 160 125

Average Sales Prices, k€

833.5 726.5 623 644 538

Program

• Pre-launch December 2012

• Launch March 2013

• Target date for start of construction June 2013

• Estimated duration of works 18 months