T H E H O T E L S U I T E S

I N V E S T N O W F O R I M M E D I A T E R E T U R N S

I N V E S T I N C A P E V E R D E F O R A M O R ER E W A R D I N G F U T U R E

Cape Verde is a flourishing paradise island, with purewhite sands, clear Turquoise Ocean and a boomingtourism industry. It is the perfect location for yourinvestment, delivering an exceptional opportunity for long term growth and rental returns.

Why Invest in Cape Verde:

• Year round tropical climate, with no low season or hurricanes and some of the best beaches in the world

• Excellent travel links to the UK and Europe with direct flights to Sal's International airport only 5 1⁄2 hours from the UK

• Flourishing tourism industry, with a strong emerging market and politically very stable

• High government investment in energy, utilities and infrastructure

• Billions of Euros of international investment into hotels, resorts, golf resorts, marinas, water parks and commercial centres

• Strict environmental controls and regulations for tourism development

• Current on-island demand for quality accommodation outstripping supply - delivering opportunity for substantial and sustainedrental returns

• Increasing land values driven by a rapid growth in tourism offering long-term high capital growth opportunity

T H E P E R F E C T L O C A T I O N A N D

S T U N N I N G Y E A R R O U N D C L I M A T E

Just one hour south of the Canary Islands, Cape Verde offersEuropean visits their closet tropical climate. It enjoys year roundsunshine and almost no low season.

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Dunas Beach Resort & Spa

Tortuga Beach Resort & Spa

Djadsal Land acquired byHilton Hotel Group

Vila Crioula

Vila Farol

Esmeralda Beach

Club-Hotel Riu Funana & Club-Hotel Riu Garopa

A8

C1

C2 3rd Development by The Resort Group

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T O R T U G A B E A C H R E S O R T

Perfectly positionedto maximise your returns

I N V E S T I N G I N T O R T U G A B E A C H R E S O R T

Tortuga Beach Resort & Spa is a 5-star development set right on the beach in SalIsland, Cape Verde.To be completed early 2011, an investment today will immediatelydeliver, thanks to a high projected rental return.

An impressive development, and finish to the highest quality,Tortuga Beach Resortdelivers premium accommodation to meet the growing on-island demand. Inaddition to a wonderful range of apartments and villas, the resort will feature a 5-starhotel and you can now invest in the Resort by purchasing a luxurious Hotel Suite.

The completed resort has a fantastic range of facilities, all of which deliver anunforgettable guest experience, including:

• A spectacular beach bar and grill

• High quality gymnasium

• Hotel lobby and sports bar

• A range of buffet and themed restaurants

• Two large communal pool areas with swim-up bar

• The opulent YHI Spa for the ultimate indulgence

E n j o y i m m e d i a t e , l o n g - t e r m a n d s u b s t a n t i a l r e t u r n s

M E L I Ã H O T E L S A N D R E S O R T S

On completion in 2011,Tortuga Beach Resort & Spa will be managed by Sol Melia,who with over 300 resorts under management world-wide and a turnover inexcess of 1 billion, are the largest resort hotelier in the world.

The resort will be operated under their Melia brand, which is the largest in their expansive world-wide hotel brand portfolio. It is renowned for deliveringexceptional 5-star luxury and the highest standards of service, plus it ensuresTortuga Beach will be operated by the most skilled and experienced resortmanagement team.

T h e l a r g e s t R e s o r t O p e r a t o r i n t h e W o r l d

• MELIÃ is the largest brand within the Sol Meliá portfolio, delivering and unforgettable guest experience

• Exceptional levels of customer service and a loyal database of customers

• Established range of hotels and resorts throughout the world

• The finest dining experience is at the heart of the MELIÃ brand

• The largest group of resort-based hotels in the world

• The largest hotel chain in Spain and sixth largest hotel chain in Europe

• Established for over 50 years with more than 300 hotels in 28 countries

• Turnover in excess of €1 billion

• Global online network receives 4.5 million hits per month and 5.3 million registered customers

T H E R E S O R T P L A N

HotelFacilities Include:Gymnasium, YHI SPA,Lobby Bar, Sports Bar,Night Club, Restaurants,Store and Medical Centre

Beach bar & grill Mini kids-clubTwo communal poolsSwim-up bar

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1 2 534

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Staff Offices

Hotel Services

Security and Technical offices

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Key Hotel Facilities

Store5

Medical Services6

Treatment Rooms1

Relaxation Room2

Spa3

GYM4

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Shop2

Lobby3

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Lobby bar4Sports Bar/Night Club1

Thematic Restaurant5

Buffet Restaurant6

Staff Offices

Hotel Services

Sercurity and Technical offices

Key Hotel Facilities

WC

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Staff Offices

Hotel Services

Sercurity and Technical offices

Key Hotel Facilities

Studio Suites 25

Conference Room 11

Conference Room 22

Conference Hall3

Master Suites 14

WC

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5 5 5 55 5 5 5

Basement

Ground Floor

First Floor

T O R T U G A B E A C H R E S O R T - T H E H O T E L S U I T E S

M M

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8 7 6 512 11 10 9

T O R T U G A B E A C H R E S O R T - T H E H O T E L S U I T E S

Master Suites 1 - 2Price Bedroom En-suite Terrace

Type 1 - Studio Suites 5-11 Type 1 - Studio Suite 12

Type 2 - Studio Suites 1Type 2 - Studio Suite 2-3

€185,000 SOLD

€130,000€130,000

€145,000€145,000

41.85 m2

33.15 m2

33.15 m2

33.15 m2

33.15 m2

10.35 m2

8.35 m2

8.35 m2

8.35 m2

8.35 m2

32 m2

10.4 m2

10.9 m2

16.20 m2

15.25 m2

Type 2 - Studio Suite 4 €145,000 33.15 m2 8.35 m2 14.70 m2

T O R T U G A B E A C H R E S O R T- T H E H O T E L S U I T E S

The Payment PlansLIST PRICE

Deposit (with enhanced exchange rate)

€7,020 €7,020

£46,800 £46,800

PAYMENT OPTIONSTUDIO TYPE ONE

Option 1 Option 2

enhanced exchange rate of €1.25 - £1.00

45%€58,500

45%€58,500

Fixed sterling deposit

Spot rate equivalent €51,480 €51,480

Discount via enhanced rate

Completion Payment (Feb 2011)55%

€71,500REMAINING 15%

WRITTEN OFF

€122,980 €103,480

€7,020 €26,520TOTAL DISCOUNT

NET PRICE

€130,000 €130,000

Offered on first 45% deposit

We will also pay 6% non-returnable interest on any cash used to fund your deposit (payable until completion)

Remaining 40% Deposit NA €52,000

T O R T U G A B E A C H R E S O R T- T H E H O T E L S U I T E S

The Payment PlansLIST PRICE

Deposit (with enhanced exchange rate)

€7,830 €7,830

£52,200 £52,200

PAYMENT OPTIONSTUDIO TYPE TWO

Option 1 Option 2

enhanced exchange rate of €1.25 - £1.00

45%€65,250

45%€65,250

Fixed sterling deposit

Spot rate equivalent €57,420 €57,420

Discount via enhanced rate

Completion Payment (Feb 2011)55%

€79,750REMAINING 15%

WRITTEN OFF

€137,170 €115,420

€7,830 €29,580TOTAL DISCOUNT

NET PRICE

€145,000 €145,000

Offered on first 45% deposit

We will also pay 6% non-returnable interest on any cash used to fund your deposit (payable until completion)

Remaining 40% Deposit NA €58,000

The Rental Returns

T O R T U G A B E A C H R E S O R T- T H E H O T E L S U I T E S

LIST PRICE

Net Price 45% Deposit Option

RENTAL PROJECTIONS - STUDIO TYPE ONE

Income Yield (45% Deposit)

OWNER EXPENSES

€130,000

€122,980

Net Price 85% Deposit Option €103,480

Net Room Rate €110 €110 €110

Occupancy % 68% 80% 95%

Occupancy Days 248 292 346

Gross Annual Revenue €27,280 €32,120 €38,060

50% Owner Share €13,640 €16,060 €19,030

Community Fee €960 €960 €960

NET INCOME TO OWNER

Income Yield (85% Deposit)

€12,680 €15,100 €18,070

10.31% 12.28% 14.69%

12.25% 14.59% 17.46%

The Rental Returns

T O R T U G A B E A C H R E S O R T- T H E H O T E L S U I T E S

LIST PRICE

Net Price 45% Deposit Option

RENTAL PROJECTIONS - STUDIO TYPE TWO

Income Yield (45% Deposit)

OWNER EXPENSES

€145,000

€137,170

Net Price 85% Deposit Option €115,420

Net Room Rate €120 €120 €120

Occupancy % 68% 80% 95%

Occupancy Days 248 292 346

Gross Annual Revenue €29,760 €35,040 €41,520

50% Owner Share €14,880 €17,520 €20,760

Community Fee €960 €960 €960

NET INCOME TO OWNER

Income Yield (85% Deposit)

€13,920 €16,560 €19,800

10.15% 12.07% 14.43%

12.06% 14.35% 17.15%