1. 1 Dynamic Real Estate Assets Management System A system for Commercial Properties, Malls & Offices management ISO 9001 Certified D.R.E.A.M.S

2. 6/3/20142 ISO 9001 Certified

3. 3 Razel is a group of companies dealing with Information Technology and Real Time systems, was founded in 1989 and employs over 165 employees. Annual sales revenue for 2007 was more than 15 million EUR. Assets department consists of 9 employees, dep.manager, 5 programmers, 2 supporters, 1 salesman.

4. 4 For the past 20 years the system has been implemented at customers in a variety of businesses. Israel: Commercial real Estate companies Malls and shopping centers Marketing chains Real estate investment agencies Management companies Europe: Commercial real estate corporations Malls and shopping centers Management Companies

5. 5 8 years of successful implementation in Europe 7 Major customers in 4 countries (Hungary, Poland,Bulgaria & Germany) Multiple VAT consideration, same invoice.Multiple VAT Multiple currencies to be translated to the same invoice & Reports. Multiple languages at the same configuration / site. Meters (heating, electricity, water gas etc) handling. 5

6. 6 Services break down sophisticated mechanism. Three dimensional analysis and comparison of past, present and future business statements. Comprehensive debts analysis. Adherence to the highest QA ISO 9001 certified. Microsoft Excel & Email connectivity with a click of a button. SQL open database. Full connectivity to iScala accounting system (SEGECE Hungary & Poland) 6 (Continued)

7. 7 Assets Management Clients/Tenants Contracts Reminders & Emails Documents Handling Billing and Invoices production (Multiple VAT) Securities Management Debt Aging Turnover Management Different user Authorizations (system security) Bookkeeping and accounting Discount Management Interface to a Different Software (iScala, Business nav, ComboSoft) Parking facility management and billig Marketing Management (Optional) Assets Graphical Presentation (Optional) Budget Management (Optional)

8. 8 Dawnay Day: English investment company with over $10 billion of assets under ownership and/or management. The Dreams system is used to manage their assets in Hungary. BNP Paribas (Hungary): French bank and one of the largest in the world. The Dreams system is used to manage the banks assets in Hungary. In addition, BNP has assets of office buildings and malls in 18 different Hungarian cities, which are managed using the Dreams system. BNP Paribas (Poland):French bank and one of the largest in the world. The Dreams system is used to manage the banks assets in Poland. In addition, BNP has assets of office buildings and malls in 7 different Polish cities, which are managed using the Dreams system.

9. 9 Segece : One of the largest management companies in Hungary and Poland. The Dreams system is used by Segece to manage real estate and other various commercial properties. Mall of Sofia : Commercial properties under owned by General Electric and Quinlan. Sybil Group : Manages commercial real estate in Hungary, Poland, Czech,and other counties. (Continued)

10. 10 * Amot Investments Company Ltd. * Africa Israel Investments Ltd. * Atidim * Superpharm * Haifa Mall * Kiryat Ono Mall * Center1- Jerusalem. * Megasport * Orot Mall * Rit1 * Yediot Achronot - Real state Division * Disengoff Center, Tel Aviv * Alonim Mall * Fox Fashion Chain * Poleg Center

11. 11 Thank you for viewing the D.R.E.A.M.S presentation. We wish that our DREAMS will fulfill all your business dreams.

12. 12 Thank you for viewing the D.R.E.A.M.S presentation. We wish that our DREAMS will fulfill all your business dreams.