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Table of Contents Class “A” Mexico City Office Market Overview Options & Opportunities Lomas de Chapultepec Virreyes Building Qubica Building Reforma Capital Reforma Building (Torre Niza) Capital Reforma Building (TorreReforma) Torre Mapfre Building Torrre Reforma Building Considerations 1

Class “A” Mexico City Office Market Overview 2

Mexico Office Market Overview Zone Description Centretown (CBD) Lomas de Chapultepec Premium and central office location Polanco High quality office products in a central and well communicated area Dynamic market with strong construction pipeline Reforma The most important and prestigious office corridor Home to macro banking and insurance corporations West Santa Fe Biggest office market Preferred option outside the central and south areas Bosques Mature market with high-end buildings and privileged location Lomas Altas Small alternative market to Santa Fe Interlomas Cluster with scarce and scattered office options South Insurgentes Second main office corridor High amenities and infrastructure density Preferred by government dependencies Perisur Alternative to Insurgentes corridor Offers high-quality options North The most recent emerging market 3 3

Office Market Overview Zone Number of Office Buildings Office Inventory Available Sq. Ft. in Finished Buildings Available Sq. Ft. in Buildings Under Construction Vacancy Rate Centretown Lomas de Chapultepec 83 7,067,760 1,120,587 359,665 16% Polanco 60 10,678,198 1,465,914 905,147 14% Reforma 35 8,886,719 1,703,549 2,312,355 19% West Sub Market Santa Fe 82 13,537,434 824,978 1,194,502 6% Bosques 23 3,502,024 195,354 - Lomas Altas 7 908,592 156,529 17% Interlomas 10 842,953 88,468 10% South Submarket Insurgentes 65 7,508,520 369,180 2,469,981 5% Perisur 54 4,736,277 361,570 1,336,058 8% North Submarket North 40 4,590,039 2,544,425 2,068,380 55% Total 459 62,258,516 8,830,553 10,646,089 Source: JLL Research As of March 2016 4

Average Rent by Sub-Market (*) Zone Rent per Sq. Ft. per Year Short Term Trend Centretown Lomas de Chapultepec USD $30.10 - $44.59 Stable Polanco USD $30.10 - $41.25 Stable with probability to moderate decrease Reforma West Submarket Santa Fe USD $22.30 - $26.76 Stable with high probability to moderate decrease Bosques USD $24.53 - $35.67 Lomas Altas USD $25.64 - $30.10 Stable to Mod. Inc. Interlomas South Submarket Insurgentes Perisur North USD $18.95 - $26.76 *Rent prices in finished buildings; operating expenses not included As of March 2016 5

Options & Opportunities 6

Distance Table (Miles) Location of Alternatives – Centretown- Area 1: Lomas de Chapultepec Qubica Lomas Building Virreyes Building Paseo de la Reforma 390 Distance Table (Miles) Qubica Bldg Virreyes Bldg Paseo de la Reforma 390 2.62 Miles 2.73 Miles 7

Qúbica Lomas Building Address: Volcán No. 150 Size: 7 storey building with 101,912.61 rentable square feet Typical Floor Size: 15,069.46 rentable square feet Parking: 287 cars (20% double, 80% single), one parking space per each 322.91 rentable square feet Specifications: smoke detectors, CCTV, hydrants, sprinklers, emergency power unit, access control, pressurized emergency and service stair, air conditioning system Elevators: 6 passenger elevators plus one freight elevator Slab to slab height: 13.12 ft. Maintenance Fee: Approximately US $4.32 per rentable square feet per year Year Built: 2016 Available Space: Floor Sq. Ft. per Floor Base Rent (US/Sq. Ft./Yr) Terrace Base Rent Terrace Condition 3 rd 15,698.72 $41.81 319.58 $16.72 Shell 2 nd 15,434.36 545.62 1 st 15,578.81 $40.69 -1 Retail 11,017.71 $66.89 2,874.39 $55.74 Total 57,729.59 3,739.59   8

Qúbica Lomas Building – Floor Plans Address: Volcán No. 150 Parking Ground Floor 9

Qúbica Lomas Building – Floor Plans Address: Volcán No. 150 1st Floor 2nd Floor 3rd Floor 10

Virreyes Building Address: Pedregal No. 24 Size: 25 storey building with 655,499.55 rentable square feet Typical Floor Size: low rise, 25,833.36 rentable square feet, high rise, 34,444.48 rentable square feet Parking: 2,300 cars (100% single), one parking space per each 322.91 rentable square feet Specifications: CCTV, security guards, smoke detectors, fully sprinklered, hydrants, emergency power plant, two pressurized service stairs, two external emergency stairs Elevators: 15 passenger elevators plus two freight elevators Slab to slab height: 12.47 ft. Maintenance fee: US $4.46 per rentable square feet per year Year Built: 2014 Available Space: Florr Sq. Ft. per Floor Base Rent (US/Sq. Ft./Yr) Condition 2 nd 12,077.10 $42.36 Shell Total   11

Virreyes Building – Floor Plans Address: Pedregal No. 24 2nd Floor Parking 12

Distance Table (Miles) Torre Reforma Building Location of Alternatives – Centretown –Area 3: Reforma Distance Table (Miles) Torre Reforma Bldg Capital Reforma Bldg Torre Mapfre Bldg Paseo de la Reforma 390 0.34 Miles 0.50 Miles 0.57 Miles Torre Mapfre Building Capital Reforma Building Paseo de la Reforma 390 Torre Reforma Building 13

Capital Reforma Niza Address: Paseo de la Reforma No. 250 Size: 25 storey building with 364,638 rentable square feet Typical Floor Size: Upper Floors: 20,279 rentable square feet – Lower Floor: 19,859 rentable square feet Parking: 1,053 cars (10% single, 90% tandem), one parking space per each 322.91 rentable square feet Specifications: CCTV, magnetic card access control, security guards, smoke detectors, fully sprinkled, hydrants, emergency power plant, pressurized stairs Elevators: 16 passenger elevators plus one freight elevator Slab to slab height: 14.76 ft. Maintenance Fee: US $5.21 per rentable square feet per year Year Built: 2012 Available Space: Level Sq. Ft. per Floor Base Rent (US/Sq. Ft./Yr) Condition 24 th 11,679 $31.22 Shell 23 th 20,279 Total 31,958   14

Capital Reforma Building Address: Paseo de la Reforma No. 250 Size: 27 storey building with 292,272 rentable square feet Typical Floor Size: Upper Floors: 15,102 rentable square feet – Lower Floor: 14,747 rentable square feet Parking: 862 cars (10% single, 90% tandem), one parking space per each 322.91 rentable square feet Specifications: CCTV, magnetic card access control, security guards, smoke detectors, fully sprinkled, hydrants, emergency power plant, pressurized stairs Elevators: 16 passenger elevators plus one freight elevator Slab to slab height: 12.6 ft. Maintenance Fee: US $5.21 per rentable square feet per year Year Built: 2012 Available Space: Floor Sq. Ft. per Floor Base Rent (US/Sq. Ft./Yr) Condition 23 th 15,102 $30.10 Shell Total   15

Capital Reforma Niza & Capital Reforma Building – Floor Plans Address: Paseo de la Reforma No. 250 Niza Building Typical Floor Typical Floor 16

Torre Mapfre Building Address: Paseo de la Reforma No. 243 Size: 31 storey office building with 463,897 rentable square feet Typical Floor Size: Low Rise - 34,035 rentable square feet, Mid Rise – 16,490 rentable square feet Parking: 2,000 cars (triple, double and single), one parking space per 322.91 rentable square feet Specifications: CCTV, magnetic card access control, security guards, smoke detectors, fully sprinkled, hydrants, emergency power plant, pressurized service stairs, pressurized emergency stairs Elevators: 16 passenger elevators plus one freight elevator Slab to slab height: 15.75 ft. Maintenance Fee: USD $5.01 per rentable square feet per year Year Built: 2013 Available Space: Floor Sq. Ft. per Floor Base Rent (US/Sq. Ft./Yr) Condition 11 th 34,035 $33.45 Shell Total   17

Torre Mapfre Building – Floor Plans Address: Paseo de la Reforma No 11th Floor Plan 18

Torre Reforma Building Address: Paseo de la Reforma No. 483 Size: 57 storey building with 368,530 rentable square feet Typical Floor Size: 8,888 rentable square feet Parking: 1081 cars, (single and robotic system within annex building), one parking space per 322.91 rentable square feet Specifications: CCTV, magnetic card access control, security guards, smoke detectors, fully sprinkled, hydrants, emergency power plant, pressurized stairs Elevators: 20 passenger elevators plus two freight elevators Maintenance Fee: Between US $3.90 and US $4.45 per rentable square feet Year Built: 2015 Available Space: Floor Sq. Ft. per Floor Base Rent (US/Sq. Ft./Yr) Condition 46 th 8,438 $42.36 Shell 45 th 8,712 44 th 8,941 Total 394,621   19

Torre Reforma Building – Floor Plans Address: Paseo de la Reforma No 44th Floor 45th Floor 46th Floor 20

Considerations 21

Advantages and Disadvantages Building Zone Advantages Disadvantages Virreyes Centretown Lomas de Chapultepec + Excellent corporate image (iconic building) + Excellent location (central area) + Good access to the building + Meeting rooms area available to use on demand + Restaurants and services available in the building and in the surrounding area + 100% individual parking spaces + Public parking inside the building + Excellent views and natural light (12th floor) - Risk of smell filtration * - One of the most expensive buildings in the city Qubica Centretown Lomas de Chapultepec + Area available (upon request) * + Good corporate image (boutique building) - No meeting rooms available - Difficult access to the building - No identity as it is not located on a main avenue - Low building - Not a premium location within the submarket Capital Reforma Centretown Reforma (Torre Niza) + Very Good corporate image + Excellent ceiling height * Note: * Floor specific 22

Advantages and Disadvantages Building Zone Advantages Disadvantages Capital Reforma Centretown Reforma (Torre Reforma) + Very Good corporate image + Good access to the building + Restaurants and services available in the building and in the surrounding area - No meeting rooms available - Low ceiling height * Torre Mapfre Centretown Reforma + Services available in the building and in the surrounding area - No meeting rooms or salon available - MAPFRE brand on top of the building. Building know as MAPFRE Tower Torre Reforma + Excellent corporate image (iconic building) + Meeting rooms area available to use on demand - Limited area due to size of the building (6,458 to 8,611 RSF) * Note: * Floor specific 23