MJB Presentation

MJB PROPERTIES b e y o n d y o u r e x p e c t a t i o n s Revolutionary Investments Changing The Face Of UK Airport Car Parking

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s • 10,000 cars parked every day • 92% occupancy (Jan to May 2015) • 0% bank borrowing • $275.2m worth of car parking under management • 100% builds completed, no o plan • $43.2m rental returns paid • $137.6m capital growth created • Fastest growing airport car parking company in the UK • Sites owned at 6 major UK airports

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s THE OPPORTUNITY • Where it all began – the USA • Decline of urban centres – where is the next opportunity? • A market only for the super-rich? • The Park First concept

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s THE PARKING INDUSTRY • $100 billion industry worldwide (Frost and Sullivan) • $20 billion annual revenues • Car parking spaces – a valuable asset • Low entry levels, high yields

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s INVESTING IN PARK FIRST • Global asset class – spectrum of investible property • Knight Frank: “one of the primary alternative investments” • New route into market • Rarely traded • Limited availability

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s GLASGOW INTERNATIONAL AIRPORT • 2,700 long-stay car parking spaces – 17,900 needed by 2020 • 7.7 million customers a year - 24 million predicted by 2030 • Demand far outstripping supply

BETTER MJB PROPERTIES BUSINESS ® Inspired investment b e y o n d y o u r e x p e c t a t i o n s INVESTMENT HIGHLIGHTS • Low risk, high profits • 8% return in years 1&2, 10% predicted for years 3&4 • 25% increase in capital growth from day 1 • RICS independent valuations • Land Registry title deed • SIPP and SSAS approved

BETTER MJB PROPERTIES BUSINESS ® Inspired investment b e y o n d y o u r e x p e c t a t i o n s ELEVATING AIRPORT CAR PARKING TO THE NEXT LEVEL • Luxury fit-outs • Space-age style waiting rooms • High spec security and CCTV • Sophisticated online booking • Automatic number plate recognition • Experienced management team • Park Mark approved

MJB PROPERTIES b e y o n d y o u r e x p e c t a t i o n s GLASGOW AIRPORT

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s GLASGOW Number of Market Sale Rental Ground Management Service Net Rental Charge Return Rental Fee Income Value Price AIRPORT Parking Places (Per Parking Space) (Per Parking Space) ($72 per week)* (Per Annum) (15% Per Annum) (Per Annum) (8% guaranteed) (Glasgow Long Stay Parking) Car parking place x 1 $40,000* $32,000 * $3,744* $160* $561.60* $462.40* $2,560 * PRICE LIST Car parking place x 2 $80,000* $64,000 * $7,488* $320* $1,123.20* $924.80* $5,120 * YEARS 1 & 2 Car parking place x 3 $120,000* $96,000 * $11,232* $480* $1,684.80* $1387.20* $7,680 * Based on an 8% guaranteed Car paking place x 4 $160,000* $128,000 * $14,976* $640* $2,246.40* $1,849.60* $10,240 * return per annum. Car parking place x 5 $200,000* $160,000 * $18,720* $800* $2,808* $2,312* $12,800 * Car parking place x 6 $240,000* $192,000 * $22,464* $960* $3,369.60* $2,774.40* $15,360 * Car parking place x 7 $280,000* $224,000 * $26,208* $1,120* $3,931.20* $3,236.80* $17,920 * Car parking place x 8 $320,000* $256,000 * $29,952* $1,280* $4,492.80* $3,699.20* $20,480 * Car parking place x 9 $360,000* $288,000 * $33,696* $1,440* $5,054.40* $4,161.60* $23,040 * Car parking place x 10 $400,000* $320,000 * $37,440* $1,600* $5,616* $4,624* $25,600 * Market Investor Income Cost Cost Net Park First Ltd Cost Value Price per Annum (once let) (once let) Income All parking spaces have the benefit of an established 6 year lease via Park First Ltd with fixed upward facing rental reviews and bi-annual break clauses. Figures shown are for illustration purposes. All agreements are subject to contact. * Figures converted from British Pounds Sterling (GBP) to US Dollars (USD) assuming an exchange rate of 1.6

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s GLASGOW Number of Market Sale Rental Ground Management Service Net Rental Charge Return Rental Fee Income Value Price AIRPORT Parking Places (Per Parking Space) (Per Parking Space) ($88 per week)* (Per Annum) (15% Per Annum) (Per Annum) (10% projected) (Glasgow Long Stay Parking) Car parking place x 1 $40,000* $32,000 * $4,576* $160* $686.40* $529.60* $3,200 * PRICE LIST Car parking place x 2 $80,000* $64,000 * $9,152* $320* $1,372.80* $1,059.20* $6,400 * YEARS 3 & 4 Car parking place x 3 $120,000* $96,000 * $13,728* $480* $2,059.20* $1,588.80* $9,600 * Based on an 10% projected Car paking place x 4 $160,000* $128,000 * $18,304* $640* $2,745.60* $2,118.40* $12,800 * return per annum. Car parking place x 5 $200,000* $160,000 * $22,800* $800* $3,432* $2,648* $16,000 * Car parking place x 6 $240,000* $192,000 * $27,456* $960* $4,118.40* $3,177.60* $19,200 * Car parking place x 7 $280,000* $224,000 * $32,032* $1,120* $4,804.80* $3,707.20* $22,400 * Car parking place x 8 $320,000* $256,000 * $36,608* $1,280* $5,491.20* $4,236.80* $25,600 * Car parking place x 9 $360,000* $288,000 * $41,184* $1,440* $6,177.60* $4,766.40* $28,800 * Car parking place x 10 $400,000* $320,000 * $45,760* $1,600* $6,864* $5,296* $32,000 * Market Investor Income Cost Cost Net Park First Ltd Cost Value Price per Annum (once let) (once let) Income All parking spaces have the benefit of an established 6 year lease via Park First Ltd with fixed upward facing rental reviews and bi-annual break clauses. Figures shown are for illustration purposes. All agreements are subject to contact. * Figures converted from British Pounds Sterling (GBP) to US Dollars (USD) assuming an exchange rate of 1.6

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s GLASGOW Number of Market Sale Rental Ground Management Service Net Rental Rental Fee Charge Price Income Return Value AIRPORT Parking Places (Per Parking Space) (Per Parking Space) ($104 per week)* (Per Annum) (15% Per Annum) (Per Annum) (12% projected) (Glasgow Long Stay Parking) Car parking place x 1 $40,000* $32,000 * $5,408* $160* $811.20* $596.80* $3,840 * PRICE LIST Car parking place x 2 $80,000* $64,000 * $10,816* $320* $1,622.40* $1,193.60* $7,680 * YEARS 5 & 6 Car parking place x 3 $120,000* $96,000 * $16,224* $480* $2,433.60* $1,790.40* $11,520 * Based on an 12% projected Car paking place x 4 $160,000* $128,000 * $21,632* $640* $3,244.80* $2,387.20* $15,360 * return per annum. Car parking place x 5 $200,000* $160,000 * $27,040* $800* $4,056* $2,984* $19,200 * Car parking place x 6 $240,000* $192,000 * $32,448* $960* $4,867.20* $3,580.80* $23,040 * Car parking place x 7 $280,000* $224,000 * $37,856* $1,120* $5,678.40* $4,177.60* $26,880 * Car parking place x 8 $320,000* $256,000 * $43,264* $1,280* $6,489.60* $4,774.40* $30,720 * Car parking place x 9 $360,000* $288,000 * $48,672* $1,440* $7,300.80* $5,371.20* $34,560 * Car parking place x 10 $400,000* $320,000 * $54,080* $1,600* $8,112* $5,968* $38,400 * Market Investor Income Cost Cost Net Park First Ltd Cost Value Price per Annum (once let) (once let) Income All parking spaces have the benefit of an established 6 year lease via Park First Ltd with fixed upward facing rental reviews and bi-annual break clauses. Figures shown are for illustration purposes. All agreements are subject to contact. * Figures converted from British Pounds Sterling (GBP) to US Dollars (USD) assuming an exchange rate of 1.6

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s As the parking industry’s older brother, commercial real estate continues to be sliced, diced, packaged and synthesized into complex investment securities, parking companies operate much like they did when the concrete was laid decades ago - a time when life was much more simple. Warren Buett Warren Buett ...arguably the world’s most successful investor

BETTER MJB PROPERTIES BUSINESS Inspired investment b e y o n d y o u r e x p e c t a t i o n s A SUMMARY • Capital cost - £20,000/$32,000 • VAT – EXEMPT • Returns – 8%, 10%, 12% • Full title deeds – UK Land Registry • Exit route – Year 5 buy-back option • Growth – immediate 25% from RICS valuation

MJB PROPERTIES b e y o n d y o u r e x p e c t a t i o n s

www.mjb.ae BUYING | SELLING | LEASING | INVESTMENTS | MANAGEMENT Group first.co.uk