HAGL Myanmar Centre Accurate as of 20 July 2014

Company Overview

Hoang Anh Gia Lai Group

Ownership

HAGL Group

92

.13

%

98

.18

%

3

Plantation

Real estate

Rubber Oil Palm Corn Sugar

Dairy cows &

beef cattle

45

%

Project Information

Investor Hoang Anh Construction & Development House Joint Stock Company (HAGL

Land) Vietnam

Project name Hoang Anh Gia Lai Myanmar Centre

Location No 192 Kaba Aye Pagoda Road, Bahan Township, Yangon Region, Myanmar

Land area 18.131 acres (73,358.02 sqm)

Land lease term 50 + 10 + 10 years

Registered investment

capital USD440 million

Registered share capital USD300 million

Registered loan USD140 million

Investment form 100% capital owned by HAGL Land

Type of business Opening and operating hotels, office buildings, residential Block and commercial

center under Build – Operate – Transfer Contract

Construction period

6 years after signing BOT Contract with 2 phases:

Phase 1: Commercial Center, Office Building 1, 5 Star Hotel

Phase 2: Residential Blocks and Office Building 2

Project Details

Hoang Anh Gia Lai Myanmar Centre

HAGL Myanmar Centre

The premium international standard

development

The latest large-scale development

in Myanmar

Mixed-use development

International operators

Located in well-established area

Integrated all-in-one complex

Project Location

A well-positioned development

Strategic location

11 km from airport

7 km from downtown

Surrounded by various embassies,

schools, affluent residential areas

and government offices

11.1 km

7.1 km

Sedona Hotel

Central Bank

of Myanmar

Ministry of Science

and Technology Yankin Children

Hospital

HAGL Myanmar

Centre

Project Master Plan

Commercial Centre Commercial Centre

Residential Block Residential Block

Hotel Hotel

Office Tower 2 Office Tower 2

Office Tower 1 Office Tower 1 Office Tower 3 Office Tower 3

Office Tower 4 Office Tower 4

Project Timeline

Commercial Centre

NLA: 32,253 sqm

Office Tower 1

NLA: 81,200 sqm

Five-star Hotel

More than 400 keys

Office Tower 2

NLA: 94,000 sqm

Residential Units

More than 1,000 units

Phase 1 Phase 2

BOT Signing 3 years 3 years

Phase 1

Commercial Centre Office Building 1 Five Star Hotel

Land area (sqm) 20,003 14,439

Land area for construction (sqm) 11,864 4,683

Total floors 5 22 23

Total NLA (sqm) 32,253 81,200 37,757

Five Star Hotel Details

Facilities Types Quantity Room size (sqm)

Rooms

Twin room 163

King room 203

Suites room 39

Presidential Suite 1

Restaurants All-day dining 1 1,141

Specialty 2 624

Event Space

Meeting Rooms 6 196

Convention/ Banquet Hall 2 1,600

859

Office Building 1 & Commercial Center

Appendix 3 – Phase 2

Office Building 2 Residential Block

Land area (sqm) 14,896 22,920

Land area for construction (sqm) 4,350 7,376

Total floors 30 27 – 32

Total NLA (sqm) 94,189 101,498

Block Number of units NLA (sqm) Management

A1 180 17,695 External Operator

A2 180 17,695

B1 230 22,108

In-house Management B2 228 21,800

B3 228 20,800

Total 1,046 101,498

Residential Block Details

13

Office Building 2

Market Analysis

Real Estate Market Overview

Strong growth in the residential and commercial segments of the real estate industry

since 2012

Strong demand, but very limited supply

Low number of high rise buildings

Poor construction and lack of maintenance

Demand for residential and office spaces will escalate as the economy opens up

High number of foreign arrivals will also fuel demand for hotels and

apartment

Office Segment

Severe undersupply with merely 63,600 sqm of space available in Yangon

86% of current supply is located in Downtown area

Lack of modern office spaces (Only 2 modern office buildings available)

Hotel rooms and villa-type properties have been converted into office space

Growth in FDI increases demand for business space

Average monthly rent was USD 72/ sqm in the first half of 2013

Retail Segment

Traditional retail channels are wet markets, convenience stores and general stores

Current modern retail space supply:154,500 sqm

Modern retail space comprises shopping centre, hypermarket and department

stores

Lack of international brands

Most retail space is poorly designed

Strong demand for entertainment, communications, education, electronics and F&B

retailing

Monthly rent ranges from USD10 – USD40/ sqm

Hotel Segment

In the four years through 2012, international visitors grew by an annualized rate of

32% per annum

Currently, Yangon is the fastest growing hotel market globally

Current hotel room supply: 1,890 rooms

Revenue Per Available Room has more than tripled since 2009

Many historical buildings are being restored to be used as landmark hotels

Tourism is supported by Myanmar’s diverse natural, cultural and historical heritage

Strong demand also comes from business travels

Residential Block Segment

Current supply: 840 units amongst 9 apartments

Occupancy rate is high at 95% with monthly rent ranging from USD 2,300 to USD

12,500/unit

Rent increased by 60% during 2012

Very high demand for single bedroom units as most tenants are expatriates living

alone or as a couple

70% of current supply is comprised of one bedroom units

High demand for units located around Inya lake due to proximity to embassies, oil

and gas companies and downtown

Thank you