WESLEY CLOVER QUARTERLY UPDATE

MAY 2016

Platforms and Partnerships Welcome to another issue of Q, the create specialized new products or ver- Wesley Clover Quarterly Update. sions of the original product that can This issue includes some new and then be licensed back to the platform updated plans for expansion within provider and return increased value by the real estate portfolio, as well as opening up new markets and global some financing developments on the territories that would not otherwise be technology company side of exploited as quickly. the house. This is the objective behind the eco- We continue to promote a “Go Global system of companies and technologies This issue also highlights some of Fast” culture in our ecosystem, with we found and fund at Wesley Clover. the value that is gained by creating the development of new technology And as you will read, several real-world an ‘ecosystem’ of complementary companies in different parts of the examples are emerging which can be technologies and start-up companies. world. And the model works! Many used for existing and future start-ups Technologies that serve as platforms partnership opportunities result, and to learn from and take advantage of. for outsourced or enhanced develop­ the development of the added value ment by others, creating new or So do read on. From technology plat- technology is done on the income forms and partnerships, to real estate additional value for customers and statement of the partner — not the channel partners. Start-up companies and philanthropy, as usual there is a lot platform owner! A clear win-win for to share this Quarter and as always, around the world that partner with both companies. existing, larger entities and leverage I trust you will enjoy hearing about it. their platforms to jump-start their Working together to create more Kind Regards, own business and product plans. They powerful, globally applicable solutions. , Chairman

Q is a quarterly publication of Wesley Clover, highlighting some of the latest accomplishments from the wide range of businesses in our portfolio. Visit wesleyclover.com for more information. CANADIAN TECHNOLOGY PORTFOLIO

customers to visualize, question, Shining Light into the Dark Side analyze, and interpret social media location data to better understand of Social Media relationships, patterns and trends, and identify actionable events. They will There is no denying that Social Media News of the company continued also continue to broaden the social has had a major cultural impact glob- to spread internationally over the media feed support and filtering Continuing ally, redefining the way we communi- Quarter thanks to coverage in publica- capabilities within the product, in turn cate, and giving a voice to people from tions such as NextGov in the U.S. and enabling customers to unearth more places all over the world that may not WalesOnline in the U.K. Subsequent to critical data to act upon, faster and to add to the otherwise have had one. In the vast the opening of a European headquar- more easily. echosec.net  majority of cases this is a good voice, ters in the UK as mentioned in the pre- portfolio but not always. vious issue of Q, the company made the prized ‘Digital Dozen’ at the recent That is the reason law enforcement, Digital 2016 Conference in . And security, intelligence and other pro- initial results from a new software trial HIS issue of Q begins by intro- malware, ransomware, phishing, HYAS has partnered with fessionals are increasingly turning to program rolled out in the Quarter are ducing the latest company to botnets and other common cyber portfolio company Pretio the social media search and analysis quite encouraging, more than tripling Tbe brought into the Wesley threats as much as 27 days faster than technology offered by another of the earlier sign-up rates. Clover technology portfolio over the they would receive using competitive Interactive to drive Western Canada companies, Echosec. last Quarter. Based in Victoria, Canada, products. Current customers already added user growth. Over the most recent Quarter, the Over the coming Quarter, Echosec HYAS is a skilled information security include some of the largest informa- company reached a four-fold increase will launch an integration with Esri, firm focused on developing valuable tion security firms and Fortune 500 in the number of users of its applica- world leading Geographic Information new technology for the enterprise, companies, as well as thousands of Canada portfolio companies, Pretio tion, surpassing 2000 users in more System (GIS) mapping software that SMB and consumer markets. consumer users. Interactive. This partnership will lever- than 35 countries. will enhance the abilities of Echosec age the expertise in and channels for HYAS was founded by a team of expe- In the most recent Quarter, HYAS intro- consumer performance marketing rienced security researchers, analysts duced a new consumer DNS product, provided by Pretio Interactive to build and entrepreneurs. Building on their called Borderless Internet. This soft- on the impressive market debut of

considerable expertise in cyber threat ware service provides customers with Borderless Internet. TH ® analysis, the team has developed anti-malware, anti-phishing and ad PRONTOFORMS ACHIEVES 20 CONSECUTIVE unique software to assess, in real blocking protection, as well as geo- This is another example of the Wesley QUARTER OF GROWTH time, how safe or malicious Internet relocation options. Borderless Internet Clover entrepreneurship model in domains are likely to be. attracted more than ten thousand action — creating an ecosystem with ProntoForms makes a platform that 20 consecutive Quarters of revenue workers in North America alone at users in its first month of availability! valuable technology platforms, mar- allows users to gather and analyze growth. The publicly-traded firm more than 42 million, ProntoForms This accurate, reliable software tool ket expertise and network synergies data on smartphones and other boasts an impressive multinational executives believe there are still plenty enables customers to detect mali- To drive user adoption even more for portfolio companies to exploit and mobile devices. As of the latest client list that includes major corpora- of untapped market opportunities cious DNS domains before those sites aggressively, HYAS also initiated give their young businesses a bet- Quarter, the software-as-a-service tions such as Unilever, and also enjoys and see no reason why the growth can direct attacks their way. HYAS a partnership during the Quarter ter-than-average chance to compete, product now has 55,000 subscribers partnerships with some of the biggest of the past should slow down any clients receive protection against with another of the Western grow and succeed. hyas.com  at more than 4,000 businesses around names in communications technol- time soon. Look for more progress the world. The solid rise of the com- ogy, including Apple and AT&T who updates from ProntoForms in future pany over the past few years led ana- resell the products. issues of Q. prontoforms.com lysts Frost & Sullivan in 2015 to declare ProntoForms an industry leader that “Because of the ecosystem we have “recognized the potential of mobile built, we now have a lot of credibility forms before anyone else.” in the market,” explains company CFO Dave Croucher. “That is enabling the That leadership position has been evi- continued sales momentum we are denced on the balance sheet, where experiencing.” With industry estimates the company has now achieved now pegging the number of mobile

2 WESLEY CLOVER QUARTERLY UPDATE | May 2016 WESLEY CLOVER QUARTERLY UPDATE | May 2016 3 CANADIAN TECHNOLOGY PORTFOLIO CANADIAN TECHNOLOGY PORTFOLIO The Growth Continues … Martello Soars Thanks to Partnership NNOVATIVE solutions that solve customer $750,000 program investment. This capital injection ... earlier this year, The latest Quarter proved to be yet another impressive one for Mitel® problems — that is what is powering the suc- will be used to add an additional nine new skilled the company was (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, Icessful partnership between Mitel and Martello positions to the team. Technologies. Mitel leads the industry in real-time recognized with a cloud and mobile communications. The company achieved record business, cloud and mobile communications. Growing from less than ten employees initially to SM 2016 Employees’ Quarterly cloud revenues growth of 32%, increased mobile division Martello MarWatch software keeps that tech- almost forty with those new hires, the company nology performing reliably. MarWatch software- has also taken considerable care to maintain a Choice Award revenues by 55%, and posted non-GAAP revenues of more than as-a-service (SaaS) monitors and manages the unique and positive culture. The result — earlier $275 million overall, up 3% year-over-year in constant currency. performance of increasingly complex business this year, the company was recognized with a 2016 sponsored by communications networks, with a special focus on Employees’ Choice Award sponsored by local media local media and “The solid results in the first Quarter showed contin- total of such wins to 35. Eleven global carrier cus- voice quality for Mitel solutions. and submitted into the competition by the employ- ued momentum in our Cloud and Mobile divisions,” tomers are now rolling out Mitel Mobile solutions. ees themselves. It is always satisfying to know that submitted into said Richard McBee, Chief Executive Officer. “The Cloud During the most recent Quarter, Mitel introduced the team is motivated and pleased when they come the competition business set a new Quarterly record with revenue of ——The company also took the opportunity to make a new offering to their channels and customers to the office. $45.8 million, as we continue to gain market traction $40 million in voluntary debt prepayments during based exclusively around MarWatch, calling it Mitel by the employees globally. Year-over-year growth of 55% in Mobile was the Quarter. Performance Analytics (MPA). Demand for the Looking forward, that company is focused on creat- themselves. fueled by new footprint wins as well as the transition of Martello software, which has now been deployed ing new analytics to leverage the ‘big’ performance existing footprints into network-wide roll-outs.” Further to the definitive agreement for Mitel to acquire in more than 2,000 networks in 20 countries around data now being collected by the Mitel MPA version , the combined company will be headquartered the world, has already led the company to triple of the product, to enable even better business Additional highlights from the past Quarter included: in , Canada, and will operate under the Mitel digit revenue growth. This heightened Mitel focus decision making. This will be in addition to suc- ——Mitel announced a definitive agreement to acquire name while still maintaining the strong, global Polycom should only add to that growth going forward. cessfully growing the team, and meeting demand Polycom. Upon successful completion of the transac- brand. Mitel CEO Richard McBee will lead the com- for added product features and device support tion, Mitel aims to create a new $2.4 billion revenue bined organization. Steve Spooner, Mitel Chief Financial Recognizing the business potential of Martello, the from the ever-expanding reseller and customer company with scale and a differentiated portfolio to Officer, will continue in that role. On the closing of the latest Quarter also saw the Canadian Government community. These are all good demands to have. expand in the evolving enterprise communications proposed transaction, the combined company will have put its support behind the company in the form of a martellotech.com  market. Completion of the transaction is subject a global workforce of approximately 7,700 employees. to regulatory and shareholder approvals and is expected to close in the third Quarter of 2016. “Polycom is one of the most respected brands in the world and is synonymous with the high quality and inno- ——The company surpassed the two-million-seat mark vative conference and video capabilities that are now for cloud business communications subscribers, the norm of everyday collaboration,” said Mr. McBee. further advancing its industry lead and ending the “Together with industry-leading voice communications Quarter with a total of 2,194,000 seats, an increase from Mitel, the combined company will have the talent of 59% year-over-year. Recurring cloud seats grew and technology to truly deliver integrated solutions by 18,000 during the Quarter and now total to businesses and service providers across enterprise, 420,000 installed. mobile and cloud environments.”

——Mitel Mobile added two new technology deploy- We will monitor this story as it develops and provide ments with major carrier customers, bringing the a further update in the next issue of Q. mitel.com 

“The combined company will have the talent and technology to truly deliver integrated solutions to businesses and service providers across enterprise, mobile and cloud environments.” — Richard McBee, Chief Executive Officer.

4 WESLEY CLOVER QUARTERLY UPDATE | May 2016 WESLEY CLOVER QUARTERLY UPDATE | May 2016 5 CANADIAN TECHNOLOGY PORTFOLIO CANADIAN TECHNOLOGY PORTFOLIO SOLINK INTEGRATES Solace Aims to Accelerate Growth © with Significant Investment WITH BENBRIA LOOP Solace Systems applies proven Also boosting the appeal of SOFTWARE FOR DEEPER IP networking tools and tech- Solace Systems to more diverse niques to the considerable markets is the open protocols CLIENT VALUE challenge of routing real- that simplify and standardize time information intelligently the fundamentals of how com- OLINK CORPORATION is a data-ana- between applications. Tapping panies capture and distribute lytics software company that provides into the demands of the finan- information today. Solace tech- Sclients the unique ability to turn their cial services and telecommuni- nology is unique in its ability surveillance video into a source of valuable cations sectors for cutting-edge to provide a single, shared data business insight. Solink focuses on security data distribution capabilities of movement backbone that con- applications that combat fraud proactively, just that sort, Solace has become nects the closed legacy systems targeting customers in the retail, finan- a profitable and rapidly growing that still run the core of many, if cial and quick service industries primarily. business of nearly 200 people. not most companies, with the Going forward, the company sees an evo- next generation of open appli- lution to serve many more customers and A broader opportunity for cations that are the future for departments who will use video to make Solace still lies ahead of them, these companies. data-driven decisions, including marketing, however. The founding vision of operations, HR and others. solinkcorp.com the company to solve the larg- Thanks to this compelling prod- est data movement problems uct/market alignment, the latest The proceeds from this deal, development, marketing and The reason — surveillance cameras are set the table perfectly for the Quarter saw Solace wrap up one in addition to the already very channel development, all of ever-more ubiquitous today. But video is tra- Solink is working with the Corporate offices of order, but deceptively, they complained of arrival of new technologies like of the largest rounds of private healthy profitability from com- which will reinforce their posi- ditionally treated as a post-event necessity, another major quick-service franchise com- slow service through the engagement kiosk. big data, cloud, the Internet of financing the tech sector in pany operations, puts Solace tion as the established market somewhat the same as an insurance policy. pany to prove in their solution and promote The integrated POS data showed the order Things and ubiquitous mobility Ottawa has seen. The total value in a position to “step on the leader.  When a suspicious or unwanted incident it to the broader chain. This organization to be of a low-value (only $2.00, relative to — all of which have made the of the deal was in the multiple gas” and go after sizeable new solacesystems.com occurs, the appropriate surveillance footage has also embraced customer engagement an average sale of roughly $8.00), but it was rapid, efficient movement of an nine-figures, and was led by market opportunities much is found (hopefully) and passed to security technology from another of our companies, confirmed that the staff provided excellent increasing amount of informa- growth-oriented private equity more aggressively. To do this, personnel or law-enforcement for investiga- Benbria and their Loop software. service regardless. tion a priority for all industries. firmBridge Growth Partners the company is actively increas- tion and resolution. The other 99% of video out of New York city. ing investment in product from dozens, even hundreds of cameras, and Using their cloud-API, Solink was able to In another case, management was able to the business insight therein, is ignored. provide the customer with rapid, deep assess employee productivity at various L-SPARK ACCELERATOR GRADUATE integration between the Solink analytics times of the day. During one high traffic Solink is changing that. In the same way software and the onsite Point of Sale (PoS), period, they found two kitchen employees 800 Customers and Growing for Google caters online content based on users’ surveillance camera and Benbria systems. appropriately busy preparing customer Better Software Company thebettersoftwarecompany.com interests, geolocations, content history and The resulting data set was particularly com- orders while another was engrossed in a The Better Software Company out the second generation of latest round was led by Mistral tool called Sherlock that will more, Solink filters the information from pelling for the client. More than 90% of the computer screen. Not the right choice. But provides a revolutionary, all- the software, introducing an Venture Partners of Ottawa, make advanced operations endless hours of video down to a prioritized, end-customer experiences in the test store without integrated video data and simple, in-one business management updated look, better usability and included Wesley Clover, FF management features available consumable subset that customers use to were confirmed to be positive using defined tailored analytics, this level of insight is not solution, named BPro, targeted and a more responsive design. Ventures from New York city, to the small business owner. answer their own important questions. client metrics. Solink even tested to ensure easily available to a business owner.  at small- and medium-sized The new release helped the and the MaRS Investment none of the customers were ‘gaming’ the businesses (SMBs). Cloud-based company continue to increase Accelerator Fund (IAF) out of Looking forward, the company This transformative thought has the com- feedback loops, but that was not an issue. We look forward to bringing you further and device-agnostic, BPro helps customers, revenues and staff Toronto. already expects to complete pany growing aggressively. The following is a This franchise appears to have very loyal updates as Solink continues to pioneer this both established and growing aggressively. Total customers another round of VC funding, client example from the latest Quarter to add customers! powerful new ‘very big data’ application new businesses to become exceeded 800 and head count The capital injection will fuel and to continue scaling the more context. In it, you will also see further and win more customer traction as a result. more organized and efficient, reached 87 over the period. expansion of the development team in step with an ever-grow- reinforcement of our model whereby tech- When looking into the few negative engage- and to improve their core oper- team, which is now being led by ing customer base. This is con- nology portfolio companies partner to cre- ments, the video data augmented the finan- ational processes. As a result of this impressive the former head of IBM’s Watson sistent with an unwavering ate unique, integrated solutions that provide cial and other data in a unique and powerful growth, the company also Analytics group, Kevin Haaland. vision to build better software clients with deeper value and provide the manner. For example, several young custom- During the latest Quarter, the completed another $1.6M in The team is developing a new that enables small businesses to companies with stronger market traction. ers waited only three minutes to receive their 18-month old company rolled funding during that time. This health and predictive analytics grow and thrive. 

6 WESLEY CLOVER QUARTERLY UPDATE | May 2016 WESLEY CLOVER QUARTERLY UPDATE | May 2016 7 UK-BASED INCUBATOR GLOBAL PORTFOLIO: ISTANBUL, TURKEY Pisano Triples Revenues and Expands Globally

Pisano produces a user-friendly mobile engagement using real-time messaging, giv- Additional highlights from the Quarter application for collecting real-time cus- ing customers an immediate voice into the included: tomer feedback in a range of business organization and providing Pisano clients ——More than 100 clients engaged, repre- Alacrity UK environments. Engagement using mobile with data on customer interactions, issue res- senting 12 different industry sectors. devices is becoming the fastest and easiest olution, requirements definition and more. ——More than 200K customer feedback data way for companies to gather and act upon The objective is to help maximize customer points collected on behalf of clients. Helping Change the input from their customers. The Pisano loyalty through a customer environment ——Revenue tripled as a result of this success- software platform enables brand-customer that is as easy and efficient as possible to do ful increase in business. business with. Digital Landscape In terms of the next Quarter, the company Over the latest Quarter, the company was is focused on expanding key client engage- of Wales focussed on serving the local (Turkey) needs ments to include global market deployments of international brands such as McDonald’s, (e.g., North America, UK, UAE), and on con- BP, Tesco Kipa, BNP Paribas, Hilton and others, tinuing to enhance the platform.  The Alacrity Foundation MONG other duties, U.K. and build businesses through both firms successfully exited as well as beginning globalization plans with pisano.co (Alacrity) in Newport, Wales MP Matthew Hancock is high-quality digital skills should the Alacrity program. several of those clients. responsible for official not be underestimated, and is a charitable technology A government statistics as well organizations such as Alacrity company incubator initiated as the digital transformation are changing the digital land- of government. His visit to scape through the training and by Wesley Clover and several US-BASED COMPANY the Alacrity UK offices was development of those skills.” Related news from the Quarter of its key executives. Having to announce an agreement comes from another Alacrity NEW BUSINESS MODEL SHOWS produced a number of viable between Alacrity and the Office Simon Gibson, Trustee and alumnus, Learnium, who have GREAT POTENTIAL IN HOLLYWOOD start-ups to date, the team for National Statistics (ONS). Mentor with Alacrity, added “I developed a cloud-based social am delighted Alacrity and the teaching and learning platform. Originally founded in Ottawa more than a was delighted to host a The ONS is the largest indepen- ONS are collaborating to accel- If you can be judged by the com- decade ago by President and CEO Trevor recent visit from Matthew dent producer of official statis- erate the growth of the digital pany you keep, Learnium earned Matthews, Brookstreet Pictures is a film Hancock, MP, Minister for the tics in the UK, and is responsible economies of Wales and the a privileged position alongside production and financing company now for collecting and publishing United Kingdom. We are proud OneDrive for Business, Dropbox based in Hollywood, California. The company Cabinet Office and Paymaster statistics related to population, of our unique status as a char- and Egnyte by being included in began with a focus on low-budget, indepen- General with the United society and the economy at itable technology incubator, the latest cloud-services update dent horror films, producing three feature Kingdom Government. national, regional and local lev- providing access to seasoned, distributed by Microsoft for, films over a span of five years. However, els. The nature of the partnership world-class mentors and creat- initially, their Office on iPhones since moving operations to the epicenter Cannes, France is to bring the digital expertise of ing the next generation of British and iPads software platforms. of the entertainment industry — Southern Alacrity to the ONS as it devel- technology companies in Wales. Millions of people now have the California — the company has shifted its In the most recent Quarter, Brookstreet Looking forward, the company continues ops and modernizes the key For this reason it seems entirely ability to connect from within focus to artistic, commercially viable, star- Pictures executives attended the Cannes Film on its plan to produce one or two new economic statistics for the UK. appropriate that we should forge Word, PowerPoint and Excel driven independent films. Festival and met with foreign sales agents, films a year, keeping with the thriller, crime a relationship with a world-class directly to the Learnium applica- international distributors, producers and drama and grounded science fiction genres Commenting on his visit, body such as the ONS.” tion. This is in addition to already The business model behind this shift calls for filmmakers to continue growing the industry and working within the $5–$20M budget Minister Hancock said “Digital being included in the Apple App the pre-selling of screen runs of all new proj- network for the company. Trevor and Chief range. The company now has a dozen or so technology has the poten- While at the Foundation, Min­ Store and Google Play. Quite a ects in foreign locales first, helping validate Operating Officer Nick Gordon engaged in projects under consideration, and is using tial to revitalize government ister Hancock also presented result for the Learnium team! the key elements of the film (script, director, a number of project negotiations, and came their foreign pre-sales business model and business, supporting the graduation certificates to the  cast) in global markets while also offsetting away with a set of actions required to give to refine the project roadmap for 2017 economy and the UK overall. members of start-up companies alacrityfoundation.co.uk some of the up-front financing costs. This is the green-light to at least one new produc- and beyond. We will keep you apprised The potential to revolutionize CulturVate and Talkative as proving to be the best method for quantify- tion this calendar year. of the progress in future issues of Q. ing project risk and determining appropriate  brookstreetpictures.com budgets.

8 WESLEY CLOVER QUARTERLY UPDATE | May 2016 WESLEY CLOVER QUARTERLY UPDATE | May 2016 9 LEISURE PROPERTIES: SOUTH WALES LEISURE PROPERTIES: CANADA A STRONG Q1 FOR On the hospitality side of the house, Mother’s Combined, the expectations are to exit Q2 Day brunch was sold out again this year, with ahead of budget, and to continue that trend BROOKSTREET HOTEL more than 800 guests enjoying fine fare for the remainder of 2016. We will be watch- through four separate seatings. The patios ing closely. brookstreethotel.com  The latest Quarter was another strong one have opened, with new barbeque menus for the Brookstreet Hotel. Key among the and an expanded license that enables food results, revenues outpaced those of Q1 2015. and alcohol to be served in the recently Brookstreet hosted many top tier enter- expanded pool area. The hotel and the tainers and NHL hockey teams during the Marshes Golf Club have also worked out Quarter, continuing the strong partnership attractive new stay-and-play packages for with the Ottawa Senators Hockey Cub and 2016, and bookings are now rolling in. the Canadian Tire Centre arena. Group and Conference business also outperformed rel- This Quarter also ative to the same Quarter last year, hosting featured two companies and organizations from small to significant fundraising very large in the meeting and dining facilities. events hosted by the hotel on behalf of the Wesley Clover Foundation. “Gourmet The big highlight at the property continues Perspectives”, to assist the local hospital, was to be the development of the 10,000 square a sold out, fine-dining success on all levels. foot meeting room and ballroom expansion Also, planning and execution have begun announced previously. Construction has for the 14th annual “Lumiere Gala”, a world- started now, and is expected to be com- class event held each September at the N the fourth Quarter of 2016, construction will conferences on a regular basis.” More information pleted by the fall of 2017. The hotel will be hotel to support the Ottawa Regional Cancer International begin on a new International Convention Centre on this announcement is available on the Celtic documenting the entire process using a Foundation. This year the gala will be held on Iat the , after a joint partner- Manor website. strategically positioned Go-Pro time lapse September 22nd, and tickets are now on sale Convention ship was agreed to with the Government of Wales. camera linked to their website. through the hotel website. Coldra Court Now Open Centre to be The £80M development will accommodate up to As advised in the previous issue of Q, the Celtic Built at 5,000 delegates in a total floor space of more than Manor Resort added the neighbouring, former PHILANTHROPIC INITIATIVE 20,000 square metres, making it the largest facility Hilton Newport hotel to the properties recently. Celtic Manor of its kind in the west of the U.K. It is expected that The facility was re-branded and reopened as the off to the new convention centre will be ready by 2019. Coldra Court Hotel by Celtic Manor in April. Second Year of Impressive Growth The centre will have an auditorium with seat- A £2 Million improvement program has now begun ing for 1,500 and a separate exhibition hall with at Coldra Court, with the initial emphasis placed on ESLEY Clover Parks, the not-for- —— The team is anxious to receive six bee- LEARN 4,000 square metres of pillar-free space, making it refurbishing the 148 bedrooms and restaurants. profit community hub launched hives from partner company Gees Bees, to —— The Forest School movement is continu- the largest ballroom in Europe. It will also house The hotel also boasts the newly rebranded Springs Wlast year, continued preparations help with the pollination of many of the ing to expand around the world, taking 12 flexible meeting rooms, indoor and outdoor Health Club with swimming pool, spa bath and this Quarter for the second summer of pro- plants on-site, and in several months, to kids out of structured classrooms and break-out areas, fully serviced client offices, green gym, the Court Bar and nine conference and meet- gramming. With one year of operating expe- provide a supply of natural honey to be back into nature. As evidence, the Child rooms and production facilities. ing rooms, including the Severn Suite which can rience behind them, the management team made available for sale to the public. and Nature Alliance Forest School located The good news keeps on seat up to 220 people for a celebration dinner. and staff have a full plate of new activities at the Wesley Clover Parks Campground coming from the Celtic Manor, Announcing the joint venture partnership, Welsh and events lining up. Highlights from the is pleased to announce that all weeks and we are pleased Government Minister for the Economy, Science and Restaurants recognized with awards individual Parks include the following: of their Summer 2016 Day Camps are to continue sharing it. Transport Edwina Hart said: “The new convention Lastly for this Quarter, the new restaurants at the already sold out. celticmanor.com centre will provide a considerable economic boost Celtic Manor have just been recognised with cov- FARM to the area. The 2014 NATO Summit and the 2010 eted Rosette awards from the AA (Automobile —— The hay fields that support the animals RIDE Ryder Cup demonstrated that Wales and the Celtic Association). Steak on Six secured two AA Rosettes on-site have been seeded now and will —— After the success of the 2015 Summer Manor Resort have the ability to host events on a within five months of opening, and The Epicure be harvested in July. The crop this year is Horseback Riding Camps, the program global scale. We need a world-class convention Experience by Richard Davies has retained the expected to be the best to date, and will was increased to seven weeks for 2016 centre in order to capitalise on our growing repu- three AA Rosettes held under its previous incarna- help feed the more than 55 horses and and was still completely sold out by the tation in this area, to host international events and tion before the rebrand.  one donkey that call the Parks home. end of March.

10 WESLEY CLOVER QUARTERLY UPDATE | May 2016 WESLEY CLOVER QUARTERLY UPDATE | May 2016 11 —— Almost 300 riding lessons are now being —— Wesley Clover Parks looks forward PLAY taught weekly through the Ian Millar to welcoming the world to the 2016 —— Plans to build additional soccer fields School of Horsemanship at the site, Ottawa Equestrian Tournaments this July. around the FIFA turf pitch at the Parks making Wesley Clover Parks one of the Combining the Ottawa National Horse continue in partnership with the West largest riding schools in Canada in only Show and the Ottawa International Ottawa Soccer Club (WOSC), the largest the second year of operation. Horse Show, the event takes place over soccer club in the National Capital region two weeks and is expected to attract and the second largest in Canada. Details —— More than 35 students will be participat- more than 600 competitors and no less of those developments are expected ing in local, provincial and national com- than 15,000 spectators in total. soon. petitions as part of the WCP Equestrian Team that has been created on-site. —— And lastly, later in the summer, Polo in —— A new partnership with the Ottawa the Parks Ottawa returns to the site. This Sports and Social Club (OSSC) is also in —— The Ottawa Dressage Festival welcomed charity polo event will take place on the works, and could see several volley- more than 150 athletes and their horses August 27th and will benefit the Wabano ball pitches added to the Parks. Again, to the Parks over four days of compe- Centre for Aboriginal Health and TROtt, details will be forthcoming. tition in April. This successful event is the Therapeutic Riding Association of one of several national and international Ottawa-Carleton. —— The Color Run 5K, which benefits the dressage championships that serve Boys and Girls Club of Ottawa, will return as qualifying events for the Summer CAMP to Wesley Clover Parks for the third time Olympic Games. —— Based on strong demand last season, six on August 6th. The 2015 event brought more ‘glamping’ cabins were installed out more than 9,000 runners, and early —— On June 4th, Wesley Clover Parks will be over the winter, and the 12 units interest is suggesting even greater hosting Ottawa Horse Day, an annual combined are already booking up fast for participation this year. family event designed to give people of 2016. It is clear this is a hot trend in the all ages the opportunity to get up close camping world. —— In assessing the combined PLAY to horses. The event is expected to draw activities planned for the 2016 season, more than 4,000 spectators, a doubling —— Bookings overall for May were ahead the expectation is to host a total of more from the 2,000 attendees who came out of last year, and are even locking in than 23,000 athletes overall.  in 2015. The event will boast an exten- fast for Canada Day in July. Revenue wesleycloverparks.com sive Kids Zone, parades, demonstrations expectations are strong as a result, and by many different equine disciples and again, all profits will be directed back groups, as well as the ever-popular pony into the Parks in the form of upkeep and and wagon rides. enhancements.

HEAD OFFICE US OFFICE EMEA OFFICE WESLEY CLOVER WESLEY CLOVER WESLEY CLOVER INTERNATIONAL INTERNATIONAL INTERNATIONAL 390 March Road, Suite 110 3800 Concorde Parkway, The Manor House Ottawa, ON K2K 0G7 Suite 1500 Newport, South Wales, UK +1.613.271.6305 Chantilly, VA 20151 NP18 1HQ Additional offices are listed on our website. wesleyclover.com +1.703.318.4355 +44.11633.410383 © 2016. Wesley Clover International Corporation. All rights reserved.