709634 | Maldives to develop NORTH -MALE’ ATOLL MEGA REEF L

Maldives to develop NORTH -MALE’ ATOLL MEGA REEF Luxury Tourism to  develop four new resorts in Male atoll lagoon.

Maldives to develop NORTH -MALE’ ATOLL MEGA REEF Luxury Tourism to  develop four new resorts in Male atoll lagoon.

CONTENTS PROJECT TITLE PROJECT OBJECTIVES EXECUTIVE SUMMARY PURCHASE PRICE OF LAGOON COMPANY PROFILE IMPLEMENTING AGENCY START DATE / END DATE FINANCE PLAN - PROJECT COST & FUNDING MODALITY -DETAILS OF THE CAPITAL COST OF THE PROJECT ANALYZED BETWEEN HARD COST & SOFT COST -DETAILS OF ESTIMATED PROFIT AND LOSS STATEMENT - INVESTMENT SUMMARY HUMAN RESOURCE PLAN - STAFFING POLICY - STAFFING RETENTION POLICIES AND PROGRAM - STAFF BENEFITS - TRAINING AND DEVELOPMENT CORPORATE SOCIAL RESPONSIBILITY MARKETING PLAN - MALDIVES TOURISM OVERVIEW - COMPETITION ANALYSIS - POWER OF BUYERS - POWER OF SUPPLIERS - THREAT OF SUBSTITUTION - THREAT OF NEW ENTRANTS CONCEPT DRAWING LOCATION / GEOGRAPHIC COVERAGE Page 3 of 30 PROJECT TITLE

Development of four luxury resorts and a Yacht Marina with a water park on the, North Male Atoll resort Lagoon.

PROJECT OBJECTIVES The project is formulated in line with key government policies and strategies to form the key objectives. Therefore, the project will contribute to achieving the following measures taken by the government, including; a) Contribute to Ensuring Employment opportunities in the community through the establishment.

This project will also ensure that the people of nearby islands are provided employment opportunities as well as increase their economic well-being b) Implement the project in such a way that will contribute towards achieving development and economic growth in North Male Atoll Page 4 of 30 Executive Summary The Lagoon is located in north of Male’ Atoll, (Latitude: 4°41’19.96”N Longitude: 73°31’17.60”E), an area of 344 hectares stretch in length of 9km.

Three luxury class individual islands are being reclaimed on the lagoon, 8 hectare each as separate resort island hotels. The Lagoon being located in central Maldives (Male’ Atoll) near Male’ International airport, is believed to be one of the best locations in the Maldives to invest in luxury tourism developments. The design and location of the islands allow to develop 110 water villas and on[1]land beach front AND (combined) positioned at 5 to 7-star category. The Purchase Price and location..

The Purchase price of whole lagoon with one reclaimed island USD 26 Million Dollars. The formula behind the success of world’s top hospitality brands that are established in the Maldives consist of few key stones.

The travel logistics inside Maldives, hence the precise location of the development / property, that surrounds a naturally rich marine life. Lagoon is logistics-wise located at one of the best locations in the Maldives (approximately one hour from Main international airport by speed boat) and where marine life richness is concerned, it is right next to B.Atoll (UNESCO Biosphere Reserve Page 5 of 30 START DATE/ END DATE The overall project is proposed for a period of 50 years; however, the construction period of the project is estimated to last 24 months. Upon confirmation of the project, necessary approvals from the Government agencies will be initially sought.

The Environmental Impact Assessment has already been prepared and approved on 3rd June 2018 and environmental clearance has been obtained from the Environmental Protection Agency. Therefore, the project is expected to start around January 2018 and construction is expected to be completed by January 2021.

FINANCE PLAN PROJECT AND FUNDING MODALITY

The total project cost estimate is USD 353,250,000 (Three hundred and fifty Million Two Hundred and Fifty Thousand US Dollars).

The total project will be financed by the investor with 33.33% own financing (equity) and 66.67% bank loan, which will be taken for a period of 10 years at 7% interest.

Hence the financing requirement of the project will be met in the following manner; 33.33% Equity – USD 117,738,225 66.67% Loan – USD 235,511,775 Total – USD 353,250,000

Details Qty Unit C o s t U S $ Development.

Island 1 (8 ha) 120 Rooms 80,500,000

Island 2 (8 ha) 120 Rooms 80,500,000

Island 3 (8 ha) 120 Rooms 80,500,000

Island 4 (5 ha) 60 Rooms 40,250,000

Yacht Marina 15 Berths 1,500,000 T O T A L D E V E L O P M E N T C O S T 283,250,000 Acquisition of Islands (326 ha Lagoon) 4 Islands 70,000,000

T O T A L P R O J E C T C O S T 353,250,000 Details rooms $ Total Income in 10 years 420 835,606,274

Total Investment 420 353,250,000 plus FEE Investment Recovery 4.5 years Profit after investment recovery in 10 years 482,356,274

Direct buyers or representatives only.

Due to utmost privacy, DD and detailed information would be provided only to qualified buyers who sign NDA and can POF to make sure we keep our properties exclusive to potential buyers.

We can provide only limited information.

Required To Make An Offer & For Financials:

1. Signed NDA
2. Letter Of Intent
3. POF