African Venture Capital Association presents Africa, The Rising Giant AVCA 9th Annual Conference

Billion Group synopsis

About Billion Group

•  Billion Group is an award winning property development and investment company, founded some 14 years ago by entrepreneur Sisa Ngebulana

•  The company is based in South Africa, Johannesburg and has developments in 6 countries, SA, Mozambique, Angola, US, Romania and Poland.

•  It specialises in in developments, own fund asset and property management of large scale commercial and retail large properties and mixed-use developments

•  It has a reputation for delivering creative, highly functional developments on time and budget, surpassing expectations, having developed completed some of the most inspiring projects and large regional malls in SA

•  With this in mind, our development philosophy is based on “great places on perfect locations” with: •  bold architecture enthusing a sense of welcome •  infrastructure investment for accessibility through expanded road network and public transport infrastructure •  the establishment of sustainable surroundings through the creation of a long-term, environmentally sensitive

precinct •  Billion Group has identified and acquired a number of strategic sites for large scale mixed use developments

across South Africa and select stable high growth economies in 5 other countries

•  Our current development pipeline is robust with a total value of R35 billion (USD$ 4.65bn) covering some 1 370 000 m2 in SA and some 600 000 m2 of commercial and retail developments globally valued USD$ 5.5bn.

•  Billion successfully took part of its portfolio of property assets to market with the JSE listing of Rebosis Property Fund in May 2011, the largest property sector IPO to date in SA

Proud history of exciting growth

Sisa Ngebulana Executive Chairman and founder of Billion Group, Chief Executive Officer of Rebosis •  BJuris, LLB, LLM •  Admitted attorney of the High Court of South Africa •  Eighteen years’ property experience •  Founded and grew Billion Group from residential to commercial and retail assets •  Independent director at Truworths International, Attfund and the CIDB •  Former President – SA Council of Shopping Centres

Thabo Lebelo Chief Financial Officer – Billion Group •  BCom, H.Dip Acc, CA(SA) •  Eight years in mining and mining Finance at the IDC and Anglo American •  Four years in logistics at Transnet and Imperial •  Oversees group overall finances and funding

Key executive team

Janys Finn Chief Financial Officer - Rebosis •  BCom, BAcc, CA(SA) •  Former Chief Financial Officer of Metboard, Madison Property and Redefine •  Six years’ property experience

Mike Rodel Chief Operating Officer - Rebosis •  BSc (Civil Engineering) •  Previously at Liberty Life Properties (eight years) and Old Mutual

Properties (nine years). Previous director of Vunani Property Fund and Hyprop’s Chief Executive Officer

•  Twenty-two years property experience

Some of executive team members from listed companies

Hlombe Magwaca Developments Executive at Billion Group •  Civil Engineering background, having studied at the University of Cape Town •  Civil Engineer at WBHO and Bergstan Civil Engineers •  Leased and disposed of industrial property at Baker Street Property for five years •  Joined Billion Group in 2010 as Developments Manager

Vuyokazi Njongwe Executive Director - Billion Group •  BJuris and LLB Honours from Western Cape University •  Admitted attorney and notary public of the High Court of South Africa •  Practised with Sonnenberg (now ENS) as an attorney specialising in property, insurance

litigation, commercial litigation and general commercial matters •  FNB Corporate – International trade financing, debt restructuring, tailoring various finance

products, property finance as well as business development and client portfolio management •  Nine years’ property experience with Billion Group

Thabo Mofokeng Asset Manager Executive - Billion Group •  BSc Property Studies degree from the University of Cape Town •  Listed property research analyst for three years at Investec •  Formerly asset manager property disposals and acquisitions at Dipula

Property Fund •  Joined Billion Group in 2011

Some of executive team members

Phomella Towers – Pretoria, Gauteng

•  Situated within the Pretoria central business district (CBD) and government precinct •  Near major connecting roads in and out of the Pretoria CBD •  GLA: 40 000 m2

•  Value: R899 million •  Completion: 2014

Some SA pipeline projects

Crystal Towers – Pretoria, Gauteng

•  Development comprises two separate towers •  Close to public transport facilities and is highly accessible to local transport and adjacent to the Pretoria Station

(better known as the Gautrain Station) •  GLA: 55 000 m2

•  Value: R1,236 billion •  Completion: 2015

SA Pipeline projects

Forest Hill City – North West Centurion, Gauteng

•  South West of Pretoria – close to Centurion and Pretoria West •  Prime access off N14 (national highway) and R55 (regional road) interchange •  Mixed use precinct will consist of retail, commercial buildings and residential apartments •  Anchored by 68 000 m2 regional shopping centre •  Value: R1,274 billion •  Breaking ground: June 2012 •  Opening: April 2014

SA Pipeline projects

Port Elizabeth – Eastern Cape

•  Located on the western entrance to Port Elizabeth along the N2 national highway •  Anchored by 80 000 m2 regional shopping centre •  Retail, office and middle to high-density residential development •  Value: R1,75 billion •  Breaking ground: June/July 2012 •  Opening: October 2014

SA Pipeline projects

Mthatha Mall – Eastern Cape

•  Located south of the CBD, in close proximity to future N2 by-pass •  75,000 m2 GLA state of the art mall •  Value: R1,5 billion •  Opening: April 2014

SA Pipeline projects

  Introduce the first black-managed and substantially black-held listed property fund to the JSE

  Allow Rebosis access to equity markets to finance its planned future growth

  Raise R1,66 billion in order to facilitate the acquisition of the additional properties and restructure and

reduce the group’s overall gearing levels

  Provide qualifying investors the opportunity to participate directly in Rebosis’ income streams and future

capital growth

  Increase the profile of the group and its portfolio across the investor community

  Allow Rebosis unitholders to unlock value to acquire the development properties

within Billion Property Group

The JSE’s largest property IPO: rationale for the listing

•  Independent non-executive chairman •  Majority of the board are non-executive directors •  Board sub-committees

–  Audit, Remuneration, Investment, Nominations, Ethics. –  Audit and remuneration committee chaired by

independent non-executives –  Every single member of the audit committee both independent and non-executive

•  The board will set the strategic objectives of the company and is responsible for the proper management, control, compliance and ethical behaviour of the businesses

Director Role

Anna Mokgokong* Non-executive Chairman

Sisa Ngebulana Chief Executive Officer

Janys Finn Chief Financial Officer

Mike Rodel Chief Operating Officer

Ken Reynolds Non-executive

Mr Andile Mazwai* Non-executive

Mrs Sindiswa Zilwa* Non-executive

Jaco Odendaal* Non-executive

* Independent director

Strong emphasis on corporate governance

African Venture Capital Association presents Africa, The Rising Giant AVCA 9th Annual Conference