Estates Investment Exchange (EIE) exists to deliver liquidity to the real estate industry whilst raising the standards, quantity and quality of investors' opportunities. This presentation provides an overview of our new digital platform which will match property developers' finance needs with real estate investors looking for a high quality source of property investment opportunities.

1. 1
Estates Investment
Exchange Presentation
Overview: May 2013

2. Who we are
Mark Worrall Founder & CEO
A wealth of experience in the funding and finance sectors
in the development and project space, with a background
of successful start ups and leading edge information
technology
Ken Smith CFO
25 years’ of experience in business turnaround and growth
in the IT sector. Extensively experienced in the UK Stock
Market, fundraising, M&A and turnarounds
Colin Peacock FRICS Non Executive Director
Colin has 40 years experience within the commercial and
residential property industry in the UK, Europe & N.
America
Elizabeth Edwards BSc (Hons), FRICS Property Director
Elizabeth has over 35 years’ experience in all aspects of
property throughout the UK and internationally, for clients
ranging from high net worth individuals to corporates. She
has focussed on finance and funding and is an expert in
project and development finance
Janine Lewis Sales & Marketing Director
Janine has been a business optimisation specialist for the
last 20 years, more recently working for venture capitalists
such as Jon Moulton at Better Capital
Mike Blakey Technical Director
Mike has 30 years of experience in the Financial Services
sector and IT, with extensive knowledge of exchange trading
systems and market data
2

3. 33
A new exchange linking global investors
with property and development
opportunities.
The exchange sets professional standards
and provides for finance
to be syndicated.
This reduces and spreads risk, with the
fundamental aim of increasing liquidity to
stimulate the industry.

4. Problem Today
! Less bank lending
! Disparate ‘new’ sources
! Mixed people and standards
! Time consuming
! Inefficient
! Serendipity led results
4

5. Developers Face Challenging Times
! Bank lending down on construction £10bn since 2008 (RICS 2012)
! Bank lending down on commercial £16bn since 2008 (RICS 2012)
! Best bank lending below 55-65% LTV (Various)
! Developers struggling to fund gap efficiently
! Investors struggling to invest (KFR)
5

6. 66
The Solution
! Create and grow the leader in UK loan funding and equity
syndication
! Develop an online digital market-place for deal broking for all
manner of Estates transactions
! Create and lead with global brand and awareness
! Provide liquidity and highly professional standards
! Give developers and investors a compelling, value based
proposition to address their needs

7. The Proposition for Developers
! A timely and easy way to access flexible funding
! A quick decision
! Exposure to new sources of funding and a greater choice of lenders
! Less overall cost
! Highly regarded, set standards of due diligence and insurance to
reduce investor risk and therefore increase take-up
! Standardised, pre-agreed contracts to speed up the process
! More projects in action
7

8. The Proposition for Investors
! Access to a variety of appraised quality development and real estate
opportunities across many asset classes
! A new, reliable source of diversification for a property portfolio
! Matched asset classes to portfolio objectives
! Syndicated investment to spread risk
! Opportunity to mix investment across senior/junior debt and equity to
increase return
8

9. The Proposition for Investors (continued)
! High standards of due diligence on all opportunities to save the
investor time and money
! All exchange members are vetted and approved to ensure high
standards
! Market and demographic information on all opportunities
9

10. 10
Direct
Investors
Everything Coming Together
Brokers
Institutions
Asset
Managers
Developers
Agents

11. The Process for Match Funding
! Developer requires project funding and applies for membership
! Developer delivers details in standard exchange form and the
opportunity is assessed and accepted or rejected
! Due diligence and appraisal produced (FSA regulated)
! Project is matched with Lead Investor requirements and the first
tranche is filled
! Opportunity then matched with wider investor prerequisites with
invites to view project pack on website
11

12. The Process for Match Funding (continued)
! Pledges sent by investors (anonymous)
! Developer accepts (parties introduced)
! Contract signed (standard)
! Deal covered by exchange standards and insurance
! Trustee manages syndication process to completion
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13. 13
Developer
How EIE works
Background checks Membership of EIE Background checks Lead investor
Secondary
investor
Secondary
investor
Project submitted for full
quality assessment
Project Pack created & link
sent to matched lead
investors
Lead position matched
Register investment
interests
Detailed due diligence
Secondary positions
matched
Finance agreement
Finance agreements
Security agentProject oversight
Co-investment
Off exchange negotiation
1
2
3
4
5
6
BIDS
Off exchange negotiations

14. Lead Investor
IRR
100% 27%
95% 27%
90% 27%
85% 27%
80% 27%
75% 27%
70% 16%
65% 16%
60% 16%
55% 16%
50% 7%
45% 7%
40% 7%
35% 7%
30% 7%
25% 7%
20% 7%
15% 7%
10% 7%
5% 7%
£1,500 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500
£1,500 £3,000 £4,500 £6,000 £7,500 £9,000 £10,500 £12,000 £13,500 £15,000
14
EquityMezzanineSeniordebt
£000s
Project X is looking for £15,000,000 funding and requires a split of 50% Debt, 20%
Mezzanine and the remaining 30% is offered for equity
- Investor 1 is looking to invest £1,725,00, on a 2 year deal, split
between senior debt and equity to achieve a 19% ROI

15. Co-investment Positions
IRR
100% 27%
95% 27%
90% 27%
85% 27%
80% 27%
75% 27%
70% 16%
65% 16%
60% 16%
55% 16%
50% 7%
45% 7%
40% 7%
35% 7%
30% 7%
25% 7%
20% 7%
15% 7%
10% 7%
5% 7%
£1,500 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500
£1,500 £3,000 £4,500 £6,000 £7,500 £9,000 £10,500 £12,000 £13,500 £15,000
15
EquityMezzanineSeniordebt
£000s
Investor 1
Investor 1 Investor 2 Investor 3
Investor 4
Investor 3

16. 1616
! Once the project is fully funded the exchange hands over to a
nominated trustee who will manage the syndication going
forward
! Contracts will have been pre-approved but amendments and
deal detail will be managed at this stage
! Draw downs, QS updates, etc. will be coordinated and
managed by an institutional professional
! Upon the conclusion of the project all concerned will have the
opportunity to promote the results on the website
The Process Completes