� Leaders in the development of premier integrated mixed-use resorts

� Listed on the JSE Limited (Johannesburg Stock Exchange) Feb 06

� Listed on the Kuwait Stock Exchange Jan 06

� Market capitalisation of approx. US$1 billion

IFA Hotels & Resorts

Global Presence

Thailand

Seychelles

NY, USA Portugal

South Africa

Namibia

Seychelles

Thailand

Tanzania

UAE

Lebanon

Kuwait

UK

Netherland

BrazilMauritius

Croatia / Montenegro

Turkey

Oman

Existing Development

Future Development markets

CaribbeanIndia

Morocco

Mexico

South East Asia

Madagascar

MozambiqueAngolaZambia

Zimbabwe

World Collection

The Palm Golden Mile, Dubai, UAE

Kingdom of Sheba, Dubai, UAE

Fairmont Palm Residence, Dubai, UAE

Movenpick Laguna, Tower, Dubai, UAE

Fairmont Zanzibar, Tanzania

Zilwa, Sainte Anne Island, Seychelles

Pine Cliffs, Algarve, Portugal

Sheraton,Algarve, Portugal

World Collection

YOTEL, UK & Netherlands

Boschendal, South AfricaLegends, South Africa

Kempinski, Kings Den, NamibiaZimbali, South Africa

Kempinski Alabadiyah Hills, Beirut Lebanon

Four Season,Beirut Lebanon

Fairmont, Zimbali, South Africa

Strategic Partners

Hotel & Resort Operators

� Strong network of strategic partners, both on an investment and operational level

� The existence of investment partners ensure delivery end user products to the highest standards in all parts of the world

� The Group aims to have the strongest operators in place providing a defining experience for tourists, families, holidaymakers and business visitors

Pine Cliffs Resort

Sheraton Algarve, a Luxury Collection Hotel

Open since 1992

215 rooms

Operated by Starwood

Hotels & Resorts, Luxury

Collection Brand

Pine Cliffs Golf & Country Club

9 Holes, Par (SSS): [2x9] 66 (67)

Facilities: Driving Range, Putting green, Chipping

green, Academy, Club hire, trolleys

Clubhouse: Reception, Pro shop, bar and restaurant

serving drinks, snacks and buffet meals; changing

rooms

Course Architect: Martin Hawtree

Resort Facilities

Sports & Leisure Facilities

* Golf Academy * Tennis Academy

* Health Club * 5 pools, 1 heated

* Shops * Business Center

* Access to the beach via Panoramic lift

Resort Facilities

Porto Pirata Kids Club & Junior Club

* Qualified professionals * 18-Hole Minigolf

* Cycle Track * Children’s Pool

* Volleyball and Basketball courts

* Bouncy Castle * Playground

Resort Facilities

11 Restaurants and Bars

Beach Club |Golf Clubhouse |Corda Café

Piri-Piri Restaurant |Jardim Colonial| Il Giardino

Mirador Bar | Aldar Restaurant |O Pescador |

Portulano Bar | O’ Grill Restaurant

Real Estate

Apartments - Pine Cliffs Residence

154 two- and three-bedroom buy-to-let luxury apartments

Fully managed and operated by Starwood Hotels & Resorts, Luxury Collection

Brand

Completed: June 2007

Apartments - Pine Cliffs Residence

Fully furnished and equippedGuaranteed rental return: 5% p.a. x 3 years Owner usage: 12 weeks p.a.

Townhouses – The Terraces

20 three- and four-bedroom contemporary townhouses

Completed: July 2009

Townhouses – The Terraces

Private setting surrounded by a stream and

vast area of gardens and swimming pools

Perfect blend of architecture and interior

design

Villas

Four-bedroom luxury villas

Completed: July 2009

Villas

Fully furnished and equipped

Set on plots of between 1,729 m2 and 2,042 m2 Manicured gardens, swimming pool, Jacuzzi and barbecue area.

Moorish architecture style

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Pine Cliffs ResortAlbufeira, AlgarveTel: +351 289 500 300www.pinecliffs.com

João Richard CostaSales & Marketing Director