MJB Presentation

Revolutionary Investment Changing the Face of UK Airport Car Parking

BETTER BUSINESS Inspired investment • 10,000 cars parked everyday • 92% occupancy (Jan to May 2015) • 0% bank borrowing • $275.2m worth of car parking under management • 100% builds completed, no oplan • $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 BUSINESS Inspired investment 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 BUSINESS Inspired investment 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 BUSINESS Inspired investment 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 BUSINESS Inspired investment 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 BUSINESS Inspired investment 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 BUSINESS Inspired investment 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

GLASGOW AIRPORT

BETTER BUSINESS Inspired investment GLASGOW Number of Market Sale Rental Ground Management Service Net Rental AIRPORT Parking Places (Per Parking Space) (Per Parking Space) ($72 per week)* (Per Annum) (15% Per Annum) (Per Annum) (8% guaranteed) Value Fee Rental Charge Return Price Income (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% Car paking place x 4 $160,000* $128,000 * $14,976* $640* $2,246.40* $1,849.60* $10,240 * guaranteed return per Car parking place x 5 $200,000* $160,000 * $18,720* $800* $2,808* $2,312* $12,800 * annum. 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 BUSINESS Inspired investment GLASGOW Number of Market Sale Rental Ground Management Service Net Rental AIRPORT Parking Places (Per Parking Space) (Per Parking Space) ($88 per week)* (Per Annum) (15% Per Annum) (Per Annum) (10% projected) Value Fee Rental Charge Return Price Income (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% Car paking place x 4 $160,000* $128,000 * $18,304* $640* $2,745.60* $2,118.40* $12,800 * projected return per Car parking place x 5 $200,000* $160,000 * $22,800* $800* $3,432* $2,648* $16,000 * annum. 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 BUSINESS Inspired investment GLASGOW Number of Market Sale Rental Ground Management Service Net Rental AIRPORT Parking Places (Per Parking Space) (Per Parking Space) ($104 per week)* (Per Annum) (15% Per Annum) (Per Annum) (12% projected) Value Fee Rental Charge Return Price Income (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% Car paking place x 4 $160,000* $128,000 * $21,632* $640* $3,244.80* $2,387.20* $15,360 * projected return per Car parking place x 5 $200,000* $160,000 * $27,040* $800* $4,056* $2,984* $19,200 * annum. 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 BUSINESS Inspired investment 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 ...arguably the world’s most successful investor

BETTER BUSINESS Inspired investment A SUMMARY • Capital o c - t s £20,000/$32,000 • VAT – EXEMPT • Returns – 8%, 10%, 12% • Full title deeds – UK Land Registry • Exit r oute – Year 5 buy-back o ption • Growth – immediate 25 % from RICS valuation