CONFIDENTIAL THE LINE Dadeland, Miami Florida - USA Investment Opportunity for the development of the rst phase of a luxury residential project in Miami, FL with the Developer of the JP Morgan tower (1450 Brickell) & The Bond on Brickell. €uroamerican Group Inc. www.alphabetcapitalgroup.com DISCLAIMER - IMPORTANT INFORMATION This presentation (including the information that has been provided or may be supplied in writing or orally in connection herewith or in connection with any further inquiries, the "Presentation") is furnished on a condential basis to a limited number of sophisticated recipients at their request, to provide certain information regarding the experience of Alphabet Capital Group and certain aliated management entities (together, “Rilea Group and Euroamerica Group”) in respect of REAL ESTATE FUND USA I S.C.A., SICAV-RAIF (the “Fund”). This Presentation is not intended to be, and must not be, taken as the basis for an investment decision. By acceptance hereof, you agree that (i) the information contained herein may not be used, reproduced or distributed to others, in whole or in part, for any other purpose without the prior written consent of Rilea Group; (ii) you will keep condential all information contained herein not already in the public domain; (iii) this Presentation contains highly condential (some of which may constitute material non-public information), the disclosure of which could irreparably harm Rilea Group; and (iv) you will only use the information contained in this Presentation for informational purposes and will not trade in securities on the basis of any such information. The contents hereof should not be construed as investment, legal, tax or other advice and you should consult your own advisers as to legal, business, tax and other related matters concerning the investment. Unless otherwise noted, the information contained herein has been compiled as of October 1, 2020 and there is no obligation to update the informa- tion. The delivery of this Presentation will under no circumstances create any implication that the information herein has been updated or corrected as of any time subsequent to the date hereof or, as the case may be, the date as of which such information is stated. Unless otherwise noted, the information contained herein is unaudited, preliminary and subject to change. Certain gures have been rounded. By acceptance hereof, you also agree that: you are an "accredited investor" as dened in Regulation D promulgated under the U.S. Securities Act of 1933, as amended, and a “qualied purchaser” within the meaning of section 3(c)(7) of the U.S. Investment Company Act of 1940, as amended. You also agree that you (i) are capable of independently evaluating the investment risks of a potential investment in the Fund and (ii) will exercise such independent judgment in evaluat- ing potential investments in the Fund. This Presentation does not constitute an oer to sell or a solicitation of an oer to buy any securities and may not be used or relied upon in evaluating the merits of investing in the Fund. The oer and sales of interests in the Fund will be made only pursuant to the nal oering and denitive governing documentation for the Fund (as amended from time to time, collectively, the “Fund Documents”) and in accordance with applicable securities laws. The terms of the Fund have not yet been nalized and, therefore, any discussion of terms or practices herein is preliminary and subject to change. The information set forth herein (including potential terms of the Fund) is provided for discussion and due diligence purposes only, is a summary, does not purport to be complete, does not contain key information about the Fund and is qualied in its entirety by reference to the Fund Documents. This Presentation is not a part of or supplemental to the Fund Documents. This Presentation, including any performance information contained herein, is superseded in its entirety by the applicable Fund Documents. The Fund Documents will be made available and must be received by each investor prior to subscribing for an interest in the Fund. The Fund Documents will contain information about the investment objectives, terms and conditions of an investment in the Fund and disclosures about conicts of interest and risks of investment that are important to any investment decision. You should read the Fund Documents in their entirety before making an investment in the Fund. An investment in the Fund is speculative and involves signicant risks, including that there will be no public or private market for Fund interests and such interests will not be transferable without the consent of The Fund. Investors should carefully review the risks disclosed in the Fund Documents. Investors should understand these risks and have the nancial ability and willingness to accept them for an extended period of time before making an investment. The recipients of this Presentation acknowledge and agree that none of Alphabet Capital Group the Fund or their respective aliates, partners or employees shall have liability for content of this Presentation that is provided for informational purposes only and should not be relied upon. Past, target or projected performance is not necessarily indicative of future results. Dierences between past performance and actual results may be material and adverse. Future investments may be under materially dierent economic conditions, including interest rates, market trends and general business conditions, aecting dierent investments and using dierent investment strategies and these dierences may have a signicant eect on the results portrayed. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information contained herein, and nothing shall be relied upon as a promise or representation as to the future performance of any investment. The views reected herein are those of Alphabet Capital Group and are subject to change without notice, and Alphabet Capital Group has no obligation to update its opinions or the information in this Presentation. The information, including information upon which Alphabet Capital Group’s views are based, contained herein (and the data underlying such information) has been obtained from sources that Rilea Group believes to be reliable, but Alphabet Capital Group does not represent or warrant that it is accurate or complete. Information throughout this Presentation derived from sources other than Alphabet Capital Group has not been independently veried. Certain information contained in this Presentation constitutes forward-looking statements, which can be identied by the use of terms as "may", "will", "should", "expect", "anticipate", project", "estimate", "intend", "continue", "target" or "believe" (or the negatives thereof) or other variations thereon or comparable terminology. Due to various risks and uncertainties, including those discussed above, actual events or results or actual performance of the Fund may dier materially from those reected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements. ALPHABET CAPITAL GROUP With more than 25 years of experience in the European nancial sector and more than 15 years in the American real estate sector, Alphabet Capital Group allows nancial institutions and individual investors to participate in a new construction project from the beginning together with the developer. EXECUTIVE SUMMARY THE PROJECT LOCATION QUALITY NEIGHBORS • Phase 1: Residential Rental Tower with: • Strategically located between a highly • Less than 600 m2 are two Morgan Stanley - 224 luxury apartments. frequented metro station and one of the buildings and two JP Morgan buildings that - 4,277 SF of commercial premises. most successful shopping centers in Florida, are very well rented. - 2,200 SF of co-working oces. Dadeland Mall. • The Dadeland shopping center is owned 50% by Morgan Stanley and 50% by Simon Property Group. DEVELOPMENT & MANAGEMENT PROJECT RETURNS TRANSPARENCY • With their combined experience, Rilea Group The projected IRR for this oer is • An investment made through a structured & Euroamerican Group each bring 40 years of 12-16% with an estimated investment vehicle in the form of an investment fund experience developing multiple successful period of 5 years. based in Luxembourg. projects in South Florida. • Trustee: BPP (from the Credit Andorrá group) and audit: Mazars and Ernst & Young. Aimed at Financial Institutions, Financial Advisors, Family Offices, Private Banking and Individual Investors who previously comply with the ANQUE DE regulations of the Luxembourg Regulator and are rated by Banque De Patrimoines Prives (BPP). B P ATRIMOINES P RIVES Wealth Management Credit Andorra Financial Group RILEA GROUP With a long history of successful projects in South Florida, Rilea Group together with Euroamerican Group have a history that has marked the residential, hotelier and business oce market. 1980 ICONICOS SUCCESSFUL YEARS OF EXPERIENCE COMMERCIAL PROJECTS RESIDENTIAL PROJECTS Rilea Group & Euroamerican Group have Development of Class “A” oce projects JP "One Broadway", the rental building with the transformed more than 900,000 m2 of Morgan Tower, Sabadell Financial Tower, IFB highest rents in Miami, "Monte Carlo", the rental successful and recognized real estate projects. Headquarters.