2. Freehold Caribbean Investment Property Up to 50% below market value 10% rental guarantee for first two years 50:50 Net room rate share from year three Then potential yield IRO 30% Furniture included 30 days free usage per year (excluding SIPP) Prices £120,000 100% Finance available subject to status Overview

4. Track Record Buccament Bay Resort – St Vincent & The Grenadines Substantial increases in value Phase 1 opened Aug 2010 4 bed Villas Originally sold at £240k Now £1.1m Two Rivers – Dominican Republic Launched August 2007 Prices up over 100% Studios starting at £75K – now selling at £185K

5. Harlequin Property is a UK based, family owned company Harlequin is one of the largest developers in the Caribbean Projects supported by local government All land unencumbered Suitable for UK SIPPs Security

6. Our Team

7. West Paces Hotel Group are a high-end, boutique, 6* brand which include the following : Solis Hotels Capella Hotels Auriga Spa Led by the former president of Ritz-Carlton, Horst Schulze, West Paces are a world renowned group, who will be bringing their track record and quality to aspects of the Marquis Estate including: The Gary Player Golf Hotel The Golf Clubhouse Beach Club West Paces Hotel Group

8. Jones Baker Jones Baker are a distinguished US based interior designer. We work closely with them in the detail of public areas, guest rooms and restaurants. Previous work includes: Four Seasons Hotels & Resorts Rosewood Hotels Hyatt Hotels BDO 6 th Largest auditing company in the UK, 7 th largest in USA, the Worlds 5 th largest network with 1095 offices worldwide. Founded in 1903, then in 1994 merged to become BDO Already auditing our companies for us in the Caribbean

9. Joerg Roterberg – Vice President of Operations Joerg has joined us fresh from One and Onlys Le Touessrok in Mauritius and boasts a proud CV including: Galley Bay Hotel, Antigua Peter Island Resort, British Virgin Isles St. James Club, Morgan Bay, St. Lucia Garrett Ronan – Vice President of Food & Beverage Garrett also brings with him a very impressive CV. He will be responsible for F&B across all developments. Throughout his 22 years in the industry, he has worked for hotels such as: The Beverly Hilton, Beverly Hills Boston Harbor Hotel, Boston The Waldorf Astoria & Waldorf Towers, New York

10. Unit Types

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12. 460 Sq Ft Studio Apartment 1139 Sq Ft 2 Bedroom Apartment

13. 2 bed Wrap Apartment 1336sq ft Buccament Bay Watersedge 3 bed Penthouse Apartment 3850 sq ft

14. 2524 Sq Ft 4 Bed Plantation Villa 900 Sq Ft 1 Bed Superior Cabana

15. 2530 Sq Ft 3 Bed Penang Villa Ground Floor 1 st Floor

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19. Hotel Facilities

20. Sports Academy Football – Liverpool FC Soccer School Tennis –Pat Cash Tennis Academy Golf – Gary Player Designed Course Diving & Water sports – Padi Qualified instructors Fitness Centre Professional Sports Panel, led by Andy Townsend The Harlequin Sports Academy is a fundamental part of The Harlequin Foundation which is being set up to promote improved education throughout the Caribbean.

21. Gary Player Affiliates

22. Restaurants Trader Vics Arlecchino Ginger & Co. Asian Fusion Jacks Masquerade Nightclub Olivers Wine Bar & Cigar Lounge

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25. Alaia Exclusive spa and secluded spa villas Private pools & sunken outdoor baths Beautifully landscaped gardens Oriental style contemporary luxury Outdoor rain shower Indoor & outdoor treatment rooms offering: Massages, beauty treatments and holistic therapies, yoga, Pilates, Reiki and meditation * Computer Generated image

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31. Kenwood Travel - £4681 for the week http://www.kenwoodtravel.com/holidays/?search_id=627576&property_id=1619 Thomas Cook - £4592 for the week http://book.thomascook.com/pub/agent.dll Expedia £4510 for the week http://www.expedia.co.uk/pub/agent.dll Based on two adults sharing for Jan 2011

33. 100% Finance* *Subject to status

34. Lazy Money

35. Example Purchase price £200,000 Reservation fee £1,000 30% deposit £59,000 Interest on £59,000 @ 6% p.a. over 24 months breaks down to £295 per month. This is paid by HP. £7,080 added to the purchase price upon completion.

36. Stage Payments - by the completion of the foundations 25% - by the completion of the Raw Construction 25% - by the completion of the Finishing Works 15% - by completion of the Said Property 5% If not paid, interest of 7.25% will be charged, however this is CAPPED at 18 months on an apartment and 12 months on a villa

37. Example Anticipated Value upon completion £400,000 70% LTV Mortgage £280,000 Outstanding Amount £140,000 Stage Payment interest approx £10,000 Loan Interest £7080 30% deposit £60,000 Cash return £62,920 Year One10% Rental Guarantee £20,000 Mortgage @ 7% £19,600 Positive cash flow £400 Year Two10% Rental Guarantee £20,000 Mortgage £19,600 Positive cash flow £400 Maintenance approx 1% of purchase price. £2000 per year.

38. Example £450 per night x 70% Occupancy = £114,975 INVESTOR TAKES 50% = £57,487.50 Year Three 50% net share £57,487.50 Mortgage @ 7% £19,600 Maintenance £2000 Positive cash flow £35,887.50 Net yield 17.9%

39. Break Even Purchase Price - £200,000 Costs approx - £21,600 Therefore we would need to charge £85 per night based on 70% occupancy Thats £21.25 per person (4 adults) 100% occupancy breaks down to £59 per night.

40. Too Good to be True? Marquis Estate 3500 units x £200 per night = £700,000 £700,000 x 1 month (30 days) = £21,000,000 £21m x 1 year = £252,000,000 PER YEAR 50% Occupancy = £126,000,000 per year.

41. Exit Strategy Opportunity to resell the contract prior to completion – 100% finance offered to new buyer – subject to status Complete on the property and restructure the finance End mortgage – 70% loan to value developer loan - reinvest Complete on the property enjoy the rental income After completion resale office on each site

42. Resorts

43. St Lucia – Marquis Estate

45. The world bank has placed St Lucia in the top 30 countries in the world to invest Figures show that in May 2010 the volume of searches was 177% higher for Caribbean property than in May 2009. - Property Wire 9,000 airline seats last year to 24,000 seats for 2010. 197,042 visitors from January-July 2010 14.3% increase from 2009 436,757 Cruise passenger arrivals, 1.4% increase 2009 Up to 60% below property Prices in Barbados Buying in at an early stage – completion date: 2013 – maximum capital growth Why Invest in St Lucia? Statistics from One Caribbean

46. St Lucias first master resort Gary Player golf course and hotel Pat Cash tennis academy and hotel Liverpool FC Academy Performing Arts Academy ESPA Spa

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54. The LandingsMarquis Estate 1 bed apt£330,000 1 bed apt £180,000 2 bed apt£365,000 – 450,0002 bed apt£200,000 3 beds£522,000 – £845,000 Cap Estate - VillasMarquis Estate Villas 1 bed£445,000 3 bed £847,0002 bed£480,000 4 beds£1,047,0004 bed£515,000 Purchase Comparables

55. Rental Comparables Jade Mountain Average nightly rate for basic unit £697 per night Cap Maison Basic garden view room an average nightly rate of £330 2 Bed Unit nightly average rate of £875.93 per night The Landings One bedroom suite average £373.86

56. Barbados – Merricks

57. Most established market in the Caribbean 271,840 visitors Jan-June 2010 increase of 3% 368,327 Cruise Passenger arrivals Track record of growth - In the recorded history of property on the island, property values have never declined- Cluttons, 2009 Direct comparables 50% UMV Considerable need for 5* Accommodation Average Capital Growth of 12% Merricks completion date – 2013 -Source One Caribbean Barbados Key Facts

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62. Ground Breaking at Merricks 29 th September 2010 135 people in attendance including government officials, the press and Pat Cash!

63. The Crane (Competitor)Merricks (Harlequin) 1 bed apt $812,000 Studio apt £235,000 (Approx £510,000) 2 bed apt $1,364,000 2 bed apt £365,000 (Approx £860,000) Massive Market Discount * $ -> £ Exchange rate correct as of October 2010

64. The Crane Hotel 2 Bed 3 Bath Apartment-$1.3-1.9 Million (Approx £860,00 - £1.2 Million)* Merricks Beach Resort 2 Bed 2 Bath Cabana-£670,000 Room Rates Price vary between £225 - £1460* per night. * Exchange rate as at October 2010 Comparables

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66. Established market Jan-Jul 2010 welcomed 2,616,486 visitors 3% increase Dominican Republic welcomes in excess of 3.5 million tourists a year (29% of the Caribbean total) who spend in excess of $3.4 billion. Tourism accounts for 24% of GDP (High season – December to April). Puerto Plata has been a recognised tourist destination since the 1990s Main Market is Americans, followed by European Visitors Minimum affect from the Global Recession –Republic welcomed 3,992,303 visitors in 2009. Dominican Republic Key Facts Source One Caribbean

67. Development Completion Dates: The Hideaway at Las Canas-Mid 2012 Two Rivers-Mid 2013 Las Canas- Late 2013 Dominican Republic Key Facts

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76. Iberostar – Costa DoradoSun Village Resort & Spa Average of £200/nightAverage of £410/night 2011 all booked up Casa Colonial Beach & Spa Average of £180/night The Bungalows Average of £235/night Rental Comparables

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78. INTERNATIONAL Airport – Due for completion 2012 Emerging market One of the most underdeveloped islands in the Caribbean Largest Hotel developer in St Vincent & The Grenadines Make maximum profits in an emerging market – Property Prices 1 / 5 of West Coast Barbados and ¼ of West Coast St. Lucia Tourism has become a top priority for the government 70,574 Cruise visitors Jan-May 2010, and 30,229 visitors Jan – May 2010 St. Vincent & the Grenadines Key Facts * http://www.onecaribbean.org/statistics/2009stats/default.aspx http://www.onecaribbean.org/statistics/2009stats/default.aspx

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98. Young Island (http://www.youngisland.com)http://www.youngisland.com Rates: £125 - £465 pn Notes: – no electricity or phone lines, showers outside! Beach Combers Hotel (http://www.beachcombershotel.com/)http://www.beachcombershotel.com/ Rates: £38 - £170 pp Notes: Very dated, no resort facilities except tiny swimming pool. Grenadine House (http://www.grenadinehouse.com/)http://www.grenadinehouse.com/ Rates: £100 - £170 pn Facilities: Restaurant & Bar, Swimming Pool (Inland – no sea view or beach) St. Vincent Resorts

99. Raffles-Canouan Island$680-$8400 per night http://www.raffles.com 4* Young Island Resort$448-$1,222 per night http://www.youngisland.com Cotton House-Mustique$615-$4560 per night http://www.cottonhouse.net/ Petit St. VincentFrom $1020per night – peak season http://www.psvresort.com (These are based on two adults sharing) Grenadine Resorts