Globalworth Real Estate Investments Limited Investor Presentation

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Globalworth Real Estate Investments Limited Investor Presentation globalworthTM Globalworth Real Estate Investments Limited Investor Presentation November 2017 globalworthTM Disclaimer IMPORTANT NOTICE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. YOU ARE NOT AUTHORISED TO, AND YOU MAY NOT, FORWARD OR DELIVER THIS PRESENTATION, ELECTRONICALLY OR OTHERWISE, TO ANY OTHER PERSON OR REPRODUCE THIS PRESENTATION IN ANY MANNER WHATSOEVER. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS PRESENTATION, IN WHOLE OR IN PART, IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS MAY RESULT IN A VIOLATION OF APPLICABLE LAWS. This Presentation has been prepared solely for use at the presentation to which it relates. By accepting the materials or attending this presentation, you are agreeing to maintain absolute confidentiality regarding the information disclosed in the Presentation or at the presentation to which it relates and further agree to the following limitations and notifications. The Presentation (or any part of it) may not be reproduced or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person or published in whole or in part for any purpose without the prior written consent of the Company. Failure to comply with this restriction may constitute a violation of applicable securities laws. This Presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration, approval or licensing within such jurisdiction. Certain figures in the Presentation, including as to expected, estimated or stabilised NOI, are current expectations based on a number of assumptions that reflect a substantial degree of judgment as to the scope, presentation and sensitivity of information. These projections are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the relevant statements; they are not guarantees of future performance and there can be no assurance that these projections can or will be achieved; no figures or statements should be regarded as a profit forecast or estimate. Information contained in this Presentation, including but not limited to, markets, market size, market share, market position, growth rates and other industry data pertaining to the business of Globalworth Real Estate Investments Limited (the “Company”), consists of estimates based on data and reports compiled by professional organisations and analysts, or data from other external sources, and on the Company’s knowledge of the Romanian, South Eastern European and Central Eastern European real estate market. Information regarding the macroeconomic environment in Romania, South Eastern Europe (“SEE”) and Central Eastern Europe (“CEE”), business in Romania, SEE and CEE and the demographics of Romania, SEE and CEE has been compiled from publicly available sources. In many cases, there is no readily available external information (whether from trade associations, government bodies or other organisations) to validate market-related analyses and estimates, requiring the Company to rely on internally developed estimates. The Company has compiled, extracted and reproduced market or other industry data from external sources, including third parties or industry or general publications, but neither the Company nor its advisers have independently verified that data. The Company gives no assurance as to the accuracy and completeness of, and takes no further responsibility for, such data. Similarly, while the Company believes its internal estimates to be reasonable, they have not been verified by any independent sources and the Company cannot give any assurance as to their accuracy. Distances and areas stated in this document are approximate and may have been rounded. The information contained in this Presentation does not purport to be comprehensive and has not been independently verified. The information contained in this Presentation is subject to updating, completion, revision, verification and amendment and such information may change materially. The Company is under no obligation to correct, update or keep current the information contained in this Presentation or in the presentation to which it relates and any opinions expressed in them are subject to change without notice. No representation or warranty, expressed or implied, is made by the Company and any of its affiliates as to the fairness, accuracy, reasonableness or completeness of the information contained herein and no reliance should be placed on it. Neither the Company nor any other person accepts any liability for any loss howsoever arising, directly or indirectly, from reliance on this Presentation. The Company and its affiliates, advisors and representatives shall have no liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this Presentation. The Presentation does not constitute, or form part of, any offer or invitation to sell or issue any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment or investment decision whatsoever. This Presentation does not constitute a recommendation regarding the shares in the Company. This Presentation is for distribution in the United Kingdom only to, and is only directed at: (i) persons who have professional experience in matters relating to investments and fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended, (the “Financial Promotion Order”), (ii) persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order or (iii) any other person to whom it may otherwise may lawfully be communicated under the Financial Promotion Order (each such person being referred to as a “relevant person”). This Presentation and its contents should not be distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other persons in the United Kingdom. Any person in the United Kingdom that is not a relevant person should not act or rely on this document or any of its contents. In the United Kingdom, any activity to which this Presentation relates is only available to, and will only be engaged in with, a relevant person. Furthermore, in any member state of the European Economic Area (“EEA”), this Presentation is addressed only to and directed solely at “qualified investors” (as defined in Directive 2003/71/EC (as amended, including by Directive 2010/73/EU), together with any applicable implementing measures in any member state) in that member state. This Presentation is not for distribution outside the United Kingdom (save under an applicable exemption from compliance with local securities laws available in the relevant jurisdiction, including the jurisdictions set out below) and the distribution of this Presentation in certain jurisdictions may be restricted by law. No action has been taken or will be taken by or on behalf of the Company that would permit an offer of securities of the Company. Persons into whose possession this Presentation comes should inform themselves about, and comply with, any such restrictions. Any failure to comply with the relevant restrictions may constitute a violation of the securities laws of any such jurisdiction. In particular, this Presentation does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, South Africa or Japan, or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States except to "qualified institutional buyers" as defined in, and in reliance on, Rule 144A under U.S. Securities Act of 1933 as amended (the "Securities Act") or another applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. All offers and sales of securities outside of the United States will be made in reliance on, and in compliance with, Regulation S under the Securities Act. There is no intention to register any securities referred to herein in the United States, Australia, Canada, South Africa or Japan or to make a public offering of the securities in the United States. The Company’s articles contain provisions permitting its Board of Directors to force or block a transfer of shares if such transfer would result in the Company being required to be registered with the U.S. Securities and Exchange Commission as an investment company pursuant to the Investment Company Act of 1940 or if the shares would be deemed to be ERISA plan assets. The shares may constitute an equity interest in a passive foreign investment company within the meaning of Section 1297(a) of the United States Internal Revenue Code of 1986, as amended ("PFIC"). If the Company
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