S H E R R I N F O R D P R O P E R T Y B O N D S ABOUT US

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1 INVESTMENT GUIDE

2 S H E R R I N F O R D P R O P E R T Y B O N D S ABOUT US Sherrinford is at the forefront of creating new investment opportunities in the fast growing Spanish and Balearics property markets. Our experienced developer is renovating existing properties designed with modern specifications in areas of high demand from domestic and international buyers The Property Bond will provide funds for the realisation of new projects out of which the capital and interest returns to subscribers will be met along with any refinancing O P P O R T U N I T I E S 0 1

3 BACKGROUND WE IDENTIFY THE MOST PROFITABLE OPPORTUNITIES FOR INVESTORS THROUGHOUT EUROPE After many years the Spanish real estate market is now showing signs of recovery There are multiple factors at work that give an indication of an easing in the crisis that has hit Europe so badly in recent years. The economy in Europe is finally recovering and there is much greater confidence in the markets. This means that people are once again looking to invest money in Spain.

4 BACKGROUND PROPERTY LEASE INCOME

5 BACKGROUND There is also a belief among investors that property prices have reached rock bottom and are not likely to go down any further. Readily available bank financing is also helping buyers to invest in property once again. Spanish property prices rose to absurd levels during the Spanish property boom, which came to a dramatic halt in Since then Spain has suffered a severe economic crisis, which has further damaged property values, with the result that property prices in many areas are still similar to those existing in Indeed, house prices have dropped by as much as 35%-50% since the boom and now offer exceptional value for money.

6 ECONOMIC GROWTH PROPERTY SALES INCOME

7 BACKGROUND But prices vary wildly between different areas of Spain and the market recovery that began in 2012/13 is certainly not everywhere. Over-supply issues were never such a big issue in Mallorca and Ibiza so prices have begun to rise in those locations again already. Spain s National Institute of Statistics (INE) have reported that the Spanish market has grown every month since March 2014, with sales going up steadily, year on year. The Balearics and Almeria show the biggest year-onyear increases over The enduringly popular Marbella arguably led the recovery on the Costas, whilst in 2014 the Costa Blanca market especially the new-build sector sprung back into action. The INE have also revealed that 40 per cent of foreign buyers in Spain were in the Alicante region (including the Costa Blanca).

8 BACKGROUND Post Brexit vote, British buyers have dipped a little but still lead the way, but are followed by a much more diverse spread of nationalities that include non-eu investors seeking golden visas as well as a good range of northern Europeans seeking to escape freezing winters. Many of the distress sales we heard so much about have now been hoovered up so whilst buyers may still find some great deals amongst resale properties with vendors anxious to sell quickly, the scope for negotiation is narrowing in the hot spots of the Balearics, Costa del Sol and Costa Blanca.

9 STRATEGY The Company will use the funds raised to acquire suitable properties and strategically renovate assets to achieve the fixed returns. It will also participate in direct and joint venture investments with third party developers in certain areas of Spain-notably Mallorca, Ibiza and parts of the Costa del Sol exhibiting the greatest demand from international buyers and investors. The cost of every project and every future project can be standardised to provide a business plan for each property. The details of each potential project will be input into a feasibility spreadsheet and the viability can be quickly assessed. The main factors affecting the project are the purchase price of the property and the cost of renovation.

10 STRATEGY PROPERTY LEASE INCOME PROPERTY SALES INCOME The investment offers a fixed double-digit return and allows investors to benefit from opportunities in the Spanish real estate market without management commitment or concentration of investment in any one property

11 KEY STRATEGY POINTS Acquire suitable properties in key locations demonstrating a sustainable and rising demand from international buyers Funds raised will be used directly to acquire and develop the properties Funds may also be applied to suitable Investments & Joint Ventures Properties purchased will mostly be renovated with a view to an early sale For each proposed investment an Investment Committee, comprising of representatives from Sherrinford and the Adviser will review the suitability of investments based on a range of due diligence criteria, most notably, the security position of each proposition and the likelihood of obtaining the returns required to fulfill the obligations to bondholders as set out in the Investment Memorandum

12 TRACK RECORD A WATERFRONT LUXURY VILLA developed by Tim de Rosen in Formentor North Mallorca on a plot of 3,500m2. Sold profitably with a 39% return on investment HOUSE IN SOL DE MALLORCA built by Tim de Rosen on a seafront plot. Sold profitably with a 51% return on investment

13 New Projects Renovation Project - Apartment With Sea Views 1970 s 3-bedroom apartment for a back to the walls modernization including new plumbing, electrics, baths and kitchen. Highly sought after area. Anticipated completion Spring 2018

14 New Projects New Build Sea View Apartments Computer generated images of a 13-unit apartment building under construction in Cala Major, Mallorca. This exclusive new development will combine outstanding design, fantastic views and quality living. Developed by a well-known architect, this new residence will blend Mediterranean living with Scandinavian design. Estimated completion Summer 2018

15 CONTACT DETAILS AND FURTHER INFORMATION Sherrinford Limited / 45, Hollybush Road, Cardiff CF23 6TZ, United Kingdom info@sherrinford.com Master Distributor of Sherrinford Spanish Property Opportunities Bond Excelsior Worldwide (Bahamas) Ltd / 1st Floor, Kings Court, Bay Street, P.O. Box N-3944, Nassau, Bahamas enquiries@excelsiorworldwideltd.com RISK WARNING & DISCLOSURE This publication does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by either Sherrinford Limited ("Sherrinford") or Excelsior Worldwide Limited ("Excelsior") or any other third party regardless of whether such security, product or service is referenced in this brochure. Furthermore, nothing in this brochure is intended to provide tax, legal, or investment advice and nothing in this publication should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Sherrinford and Excelsior, individually and severally, do not represent that the securities, products, or services discussed in this website are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney or tax and accounting advisor regarding your specific business, legal or tax situation. E&OE

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