Business Brief & Analysis

1. Business Brief & Analysis May 2011

2. Mauritius Mauritius has enjoyed enduring political stability ever since its early days as an independent nation born in 1968. The Government is democratically elected every 5 years. The Constitution is based on the Westminster Parliamentary model. The Mauritian economy is one of the fastest growing in sub-Saharan Africa. In just three decades, the country has moved from a mono-crop sugar-dominated economy to a sophisticated and diversified services oriented one. The tertiary sector currently accounts for 70% of GDP.. The Government is committed to endow Mauritius with a reliable, efficient and supportive infrastructure, at par with the best available in developed countries. To this effect, government has already invested massively and has committed large sums of funds for the continuous upgrading of the overall infrastructure.

3. Work & Live in Mauritius GDP US$ 8.24 billion • Companies setting up in Mauritius fall under the provisions of the Companies Act 2001.The Business Facilitation Act 2006 has further simplified the operational framework for doing business in Mauritius. • Foreign nationals are allowed to work and/or live in Mauritius under three distinct and simply laid downs schemes: • (irrespective of age and nationality) • As a retired non-citizen, • As a professional • As an investor • A "Work & Live in Mauritius" department has been set up within the BOI as a single-facing service counter to expedite formalities for individuals and investors setting up in Mauritius. 800,000 tourists in 2009 Real GDP Growth 3.1 % Population 1.2 million GDP/Capita US$ 7,500 Workforce 541,000 Inflation 6.9% 34 Active Double Taxation Avoidance Treaties (DTAs)

4. Akasha Resort Medine Limited the developper will provide at future acquirers request, lease those villas when empty, short term or longer periods, brand the villas and made sure that they are perceived as up market products. The villas’ project falls under the property development baner and forms part of Medine’s master plan over the next 25 years. Architects, town planners, economists and sociologists have combined their knowledge and talents, so as to ensure that tese projects integrate harmoniously with the environmental and social equilibrium of the Mauritian west coast.

5. AKASHA Development 60 Acres 60 Villas Built up 350 to 450 m2 Plots 1,300 to 4,600 m2 28River Villas 32 Plateau Villas Casavella Mall 10,000 m2 Business Park 4,000 m2 Tamarina Boutique Hotel Tamarina Golf & Beach Kayaking Boathouse Kayaking Restaurants 1,000 plots for Locals

6. The Location Tamarina; 1st IRS 2008 Kayaking

7. Investment Climate IRS Integrated Resort Scheme High End Int’l Property Market Foreigners Acquire Properties Individual or Company Minimum Price Tag $ 500,000 Investors’ Opportunities Minimum 10 Hectares of Land Developers’ Opportunities Luxurious Leisure & Facilities Mauritian Residency

8. Project Team Developer Medine Limited Developer Medine Properties Ltd Developer PAM Golding Properties Ltd Project Manager SIP Group Quantity Surveyor Hoolooman & Associates Architect Taktik Architects Interior Designer V.K. Design Engineer De Commorond & Associates Ltd Structural ServansinghJadav & Partners MEP WSP Mauritius Ltd Main Contractor RHEM Grinakar Co. Ltd

9. Investors’ Opportunity Villa of 350-450 m2 on Plot 1,500-4500 m2 Unit Price is US$ 1,700,000 Rental range of 9-10% Freehold Property salable to Foreigners Critically Needed (Assuming all associated facilities are delivered by 2011) Seller Duty fixed at USD 50, 000 Water Games Park Festivals Park Gym & Health Care It is Short Term Stays..!! Nursery Domestic Tours Yacht Club

10. Developer’ Opportunity 60 Villas on 60 Acres Development Cost is US$ 35,000,000 Sales Revenues are US$ 100,000,000 Critically Needed (Assuming all associated facilities are have no financial impacts) ROI 65% on 2 Years Construction Terms of Engagement Clarity of Final Accounts and Extras It is Only a Water Test..!! Planned, Current & Recovery Marketing

11. Thank You..!