1. Nigeria/South Africa Doing Business Together HOTEL PARTNERS AFRICA HOTEL PARTNERS AFRICA 2014 CHAIN HOTEL DEVELOPMENT IN AFRICA

2. Hotel Partners Africa is the alliance of four of the continent’s oldest and most respected hospitality consultants, each with a substantial history of successful assignments across the continent. MFFS Operator Selection Contract Negotiations Funding Technical Services Development Management Project Managament Design Review Procurement Hotel Installations Refurbishments Asset Management Valuations Acquisitions Disposals Recruitment Training

3. Countries in the Pipeline AlgeriaLibya AngolaMali Benin RepublicMautitania Burkina FasoMauritius BurundiMorocco CamerounMozambique Cape VerdeNiger ChadNigeria CongoRwanda Cote d'IvoireSenegal DRCSierra Leone EgyptSouth Africa E GuineaSouth Sudan EthiopiaSudan GabonTanzania GhanaTogo Guinea RepublicTunisia KenyaUganda LiberiaZambia Source: W-Hospitality Group

4. 2014 Hotel Brand Development in Africa Regional Summary 20132014 HotelsRoomsHotelsRooms+/- Rooms North Africa7318,0657316,449-8.9% Sub-Saharan Africa11518,19114223,28328.0% TOTAL18836,25621539,7329.6% Source: W-Hospitality Group

10. South Africa Pipeline GroupBrandHotel NameCityCountryRoomsOpening Year Carlson RezidorRadisson BluRadisson Blu BlaauwbergCape TownSouth Africa1442015 Carlson RezidorPark Inn by RadissonPark Inn by Radisson NewlandsCape TownSouth Africa1222014 Carlson RezidorRadisson BluRadisson Blu Le VendomeCape TownSouth Africa1432014 Carlson RezidorPark Inn by RadissonRadisson Blu KrugerKrugerSouth Africa1202014 Carlson RezidorPark Inn by RadissonPark Inn by Radisson PolokwanePolokwaneSouth Africa1602014 City Lodge City Lodge Midrand WaterfallWaterfallSouth Africa1502014 City LodgeRoad LodgeRoad Lodge PietmaritzburgPietmaritzburgSouth Africa902014 Four Seasons Four Seasons Hotel Westcliff JohannesburgJohannesburgSouth Africa1142014 Milennium & CopthorneGrand MilenniumGrand Millennium Ballito ResortBallitoSouth Africa2502015 Hilton Hilton Cape Town extensionCape TownSouth Africa1202015 AccorNovotel/Ibis Cape TownSouth Africa5002016 111913

11. Nigeria Pipeline GroupBrandHotel NameCityCountryRoomsOpening Year Azalaï HotelsAzalaïAzalaï Hotel LagosLagosNigeria1502018 Best WesternBest Western PremierGeorgetownLagosNigeria652016 Best WesternBest Western PlusAsaba Nigeria902014 Best WesternBest Western PlusMakurdiBenueNigeria1352014 Best Western MandevAbujaNigeria842014 Carlson RezidorPark Inn by RadissonPark Inn by Radisson ApapaLagosNigeria1252015 Carlson RezidorPark Inn by RadissonPark Inn by Radisson IkejaLagosNigeria1352015 Carlson RezidorPark Inn by RadissonPark Inn by Radisson AbeokutaAbeokutaNigeria1732014 Carlson RezidorPark Inn by RadissonPark Inn by Radisson AbujaAbujaNigeria1252015 Carlson RezidorPark Inn by RadissonPark Inn by Radisson AbujaAbujaNigeria1502015 Carlson RezidorRadisson BluRadisson Blu Port HarcourtPort HarcourtNigeria2062015 Carlson RezidorRadisson BluRadisson Blu AbujaAbujaNigeria2402015 Corinthia Corinthia AbujaAbujaNigeria1902017 Fairmont Fairmont Harbor Point LagosLagosNigeria2742017 Hilton Hilton Lagos AirportLagosNigeria2502017 HiltonHilton Garden InnHilton Garden Inn LagosLagosNigeria1202016 Hilton Transcorp Hilton LagosLagosNigeria3162017 HiltonHilton Garden InnHilton Garden Inn OwerriOwerriNigeria1562017 HiltonHilton Garden InnHilton Garden Inn UyoUyoNigeria2502015 IHGCrowne PlazaCrowne Plaza Lagos AirportLagosNigeria2752017 IHGHoliday InnHoliday Inn Lagos-Victoria Island WaterfrontLagosNigeria3002017 IHGHoliday InnHoliday Inn Lagos AirportLagosNigeria3002017 LouvreTulip InnTulip Inn Franklin Port HarcourtPort HarcourtNigeria702014 LouvreGolden TulipGolden Tulip Crusader Suites IkoyiLagosNigeria422015 Mantis The GeorgeLagosNigeria622014 Mantis Ikeja HotelLagosNigeria762015 StarwoodLe MeridienLe Meridien Grand Ikoyi HotelLagosNigeria3392015 StarwoodFour Points by SheratonFour Points by Sheraton IkejaLagosNigeria1912015 StarwoodFour Points by SheratonFour Points by Sheraton Benin CityBenin CityNigeria1942016 StarwoodFour Points by SheratonFour Points by Sheraton IbadanIbadanNigeria1502016 Swiss International Swiss International LokojaKogiNigeria892014 Swiss InternationalSwiss Spirit Inns & SuitesSwiss Spirit Inn & Suites (Kano)KanoNigeria602014 Swiss International Swiss International BeninBenin CityNigeria602014 Swiss International Swiss International, FridaBenueNigeria482014 WyndhamRamadaRamada Lekki LagosLagosNigeria1642014 MangalisSeenSeen LagosLagosNigeria2102018 MarriottCourtyard by MarriottCourtyard by Marriott AbujaAbujaNigeria2502018 MarriottMEAMarriott Executive Apartments AbujaAbujaNigeria1002018 Marriott Marriott LagosLagosNigeria1502018 Marriott Marriott IkejaLagosNigeria2502018 406614

12. Nigeria/South Africa Doing Business Together HOTEL PARTNERS AFRICA HOTEL PARTNERS AFRICA 2014 CHAIN HOTEL DEVELOPMENT IN AFRICA