Lanner SICAV PLC. Investment Objective and The Opportunity. Investment Summary. All data expressed as of May 2016

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1 All data expressed as of May 216 Lanner SICAV PLC Investment Objective and The Opportunity Investment Summary LANNER SICAV PLC (The Fund) is a collective investment scheme established as a multi-class investment company with variable share capital (SICAV) incorporated with limited liability under the laws of Malta and licensed by the Malta Financial Services Authority (MFSA) under the ISAct as a Professional Investor Fund targeting experienced Investors The Fund will purchase car park spaces directly, benefitting from the expertise and good relationships provided by the Property Manager The Fund may, subject to the approval of the MFSA, issue multiple classes of investor shares, which do not constitute segregated patrimonies The Fund has established two classes, namely, the Class A USD Investor Shares and the Class B GBP Investor Shares The objective is to acquire a portfolio of car park spaces located in prime city centre areas The Fund will subsequently operate these properties in order to generate income and ultimately sell the properties at a profit Whilst the initial assets owned by the Fund are in Dubai, the Fund is not restricted to purchasing car park spaces located in the United Arab Emirates (UAE) and may invest in any other jurisdictions as decided by the investment committee from time to time In any case, the Fund will apply riskspreading measures Data on car parking rates has shown a large differential between the price of real estate and the price of parking in various cities The Fund intends to purchase parking spaces in locations which have significant price growth potential Price increases over the the life of the Fund will result in capital appreciation With the strong relationships the Property Manager has developed over time, the Fund has access to both stock and prices that are not available elsewhere and the Property Manager will allow the Fund direct access to the stock at the preferential pricing A large pre-arranged stock line and local knowledge is provided to ensure that only suitable assets are selected for the company These assets are at a pre-completion stage In this instance the guaranteed yield has been negotiated to start from the date of investment, rather than the date of any car park opening, in order to maximise the returns Furthermore, in such cases, the Fund will not be involved in the completion of the assets The basic economic position is that for a car park space collecting USD1 per working day has a capital value of circa USD 5,, if you assume a standard yield of seven per cent (7%) on an investment The Investment committee believes that the Fund can purchase car park spaces at a substantial discount to this and achieve greater incomes

2 Outlook FUND NAME Lanner SICAV Launch Date September 215 The Directors intend to pay a semi-annual dividend in respect of Investor Shares during the term of the Fund The Directors do however reserve the right, in their absolute discretion, to declare a dividend at any time to Shareholders A dividend of 35% of the share capital was declared previously, however this may change The Fund has an unlimited duration Provided that, the Board of Directors will, two years from the Closing Date and every two years thereafter, hold a consultative meeting with the holders of Investor Shares to determine whether the Fund should continue its investment operations for a further two years, or whether its affairs should be wound down and closed The Board of Directors will take into consideration, and will seek to implement, the view of the holders of the majority of Investor Shares Nevertheless, investors should note that the Directors retain the discretion to decide whether or not to continue the investment operations of the Fund Fund Type Structure Directors Administrator Auditors ISIN Number Initial Offering Period SUBSCRIPTION FEE Minimum Subscription Redemption Fee BASE CURRENCY Subscription Day Open-Ended Fund Target: 5,, Class A USD, 5,, Class B GBP Currency: USD / GBP Mr Bradley Lincoln, Mr Laurence McNairn, Mr Adam de Domenico, Dr Neville Carabott Heritage International Fund Services (Malta) Limited Grant Thornton, Malta Class A USD Shares: MT7139 Class B GBP Shares: MT June 215 to 25 September 215 Up to 5% of the subscription amount Class A USD Shares: USD 1, Class B GBP Shares: the GBP equivalent of 1, No redemption fee shall be charged Class A USD Shares: USD Class B GBP Shares: GBP 28th day of every calendar month (unless this falls on a Saturday, Sunday or a public holiday)

3 Performance History Lanner SICAV launched in September 215, however this was preceded with the Lanner Car Park Yield Fund, previously a sub-fund of the Falcon Investment SICAV plc (the Falcon Sub-Fund) On the 11 September 215 Lanner SICAV (The Fund) acquired all assets of the Falcon Sub-Fund Consequently, all investors of the Falcon Sub-Fund became investors in Lanner SICAV, holding the corresponding amount of shares in Lanner SICAV as per the value of shares in the Falcon Sub-Fund taken on the 1 September 215 During its initial offering period, the Fund was able to raise approximately GBP 15 Million in subscriptions from additional investors GBP 1 Million of these subscriptions were used to enhance the Fund s portfolio of assets, subsequently an additional 5 car park spaces were purchased in Dubai These assets provided a return of 8% per annum to the Fund See Example Opposite Upon the transfer from the Lanner Falcon Sub-Fund to Lanner SICAV, the profits in the Falcon Sub-Fund had been realised by investors in the form of additional shares when the transfer from the Falcon Sub-Fund to the Fund occurred Effectively, therefore, investors of the Sub-Fund received a dividend in kind through the subscription of new shares in Lanner SICAV in September 215 The initial offering price per share in Lanner SICAV was circa USD1 (as opposed to USD 1, in the Lanner Car Park Yield Fund) Investors therefore hold more shares in Lanner SICAV, whilst having effectively the same value in addition to the gain generated on transfer INVESTOR PERFORMANCE EXAMPLE Launch Date 21 Shares 1 Share Value USD 1, Value as of 1 SEP 215 Share holding amounts to: Transfer to Lanner SICAV, Gain of: USD 1, USD 16,97951 USD per share PERFORMANCE HIGHLIGHTS (HISTORICAL) NAV Per Share Grown: Semi-Annual Dividend (previous) Fund Revenue Property Valuations Expenses for Fund Operation USD 1, to USD 1, Paid dividend of $26565 Increasing Year-on-Year Increased Decreased NOTE: The examples quoted are for an investor who acquired USD 1, shares in the original Lanner Falcon Sub-Fund and reinvested in the new Lanner SICAV plc Fund in September 215 For information and investor reports for Lanner SICAV, please visit: wwwlannerfundcom NOTE: Audited NAV figures are as per the terms of Lanner Car Park Yield Fund s financial statements received upon transfer or redemption

4 Performance History The data adjacent showcases the performance history of the Lanner Car Park Yield Fund, as an example of how the fund performed during the life of the fund period 1 Lanner Car Park Fund NAV Per Share NAV The data also provides a summary of shareholders shareholdings having reinvested their dividend The charts highlight the NAV per share (USD and GBP) of the new Lanner SICAV Fund Dividend was also paid to investors in January 216 $3 $25 $2 $15 For information and investor reports for Lanner SICAV, $1 please visit: $5 wwwlannerfundcom $3 2 1 The graph above showcases the historic net asset value per share excluding dividends $- Lanner Car Park Fund Cummulative Dividend per Share $67 $12267 $9132 $191 $15411 $26565 $ The graph above showcases the total dividend returned to investors for the period of 21 to Reinvested Dividend Lanner Car Park Fund The graph above showcases the total capital growth for an investor who elected to receive new shares as opposed to dividend, showing the total return for the period of 21 to 216 NOTE: Audited NAV figures are as per the terms of Lanner Car Park Yield Fund s financial statements received upon transfer or redemption

5 Lanner SICAV Results SEP 15-MAY 16 NEW Lanner NAV $ Class A "$" Dividend Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 NEW Lanner NAV 3 25 Class B " " Dividend Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 3 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 NOTE: Audited NAV figures are as per the terms of Lanner Car Park Yield Fund s financial statements received upon transfer or redemption Lanner SICAV plc is a collective investment scheme formed as a public limited liability investment company with variable share capital licensed by the Malta Financial Services Authority as a Professional Investor Fund available to Experienced Investors The Scheme is not available for investment by the general public but is only available for investor satisfying the applicable Experienced Investor criteria set out in the Scheme s offering document, which may be obtained from the Promoter or the Administrator of the Scheme If you wish to obtain this document or to contact the Scheme you can do so by writing to SmartCity SCM 1, Suite 52, Ricasoli SCM 11, Malta, calling on , or sending an on HIFSM_LannerTeam@heritagecommt This document provides general information only and does not constitute professional advice or recommendations of any kind Neither do they constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorised, or to any person to whom it is unlawful to make such offer or solicitation The Scheme accepts no responsibility for any loss that may arise from reliance on information contained in this document Investments should only be made on the basis of the latest version of the Offering Memorandum and investors are strongly advised to seek professional advice Moreover, investors should inform themselves as to any legal, financial or tax restrictions or consequences that may be applicable to any investment they may make in the Scheme All investments involve a degree of risk and past performance is not necessarily a guide to future performance The value of the investment and the income derived from it (if any) may vary and are not guaranteed Currency fluctuations as well as any initial and exit charges may affect the value of the investment as well as the amount received upon transfer or redemption Potential investors are kindly advised to read the relevant risk factors contained within the Scheme s Offering Memorandum