AFRINOVA KENYA INVESTMENTS PROJECTS LIST By Michael Ndege & Peter Kangiri

1) LAMU- LAMU TOURISM & GOLF RESORT CITY USD 8.6 Billion 49% Equity Available Master Plan available 5 Phases in 10 years Documentation is ready

LAGLER MASTERPLAN

SUMMARY OF DEVELOPMENT COSTS FOR LAGLER Phase I [USD] Phase II [USD] Phase III [USD] Phase IV [USD] Phase V [USD]   Sub - Total [USD] DEVELOPMENT COST OF SALEABLE UNITS 2,674,487,206 1,225,676,471 1,303,811,765 910,901,471 1,019,922,794 7,134,799,706 DEVELOPMENT COSTS FOR INFRASTRUCTURE 328,340,471 326,858,824 406,905,882 108,952,941 249,776,471 1,420,834,588 TOTAL DEVELOPMENT COSTS 3,002,827,676 1,552,535,294 1,710,717,647 1,019,854,412 1,269,699,265 8,555,634,294

2) GREENWOOD by Fusion Capital FRED - Commercial will initially raise Kes 2.3 Billion in equity to develop Greenwood City, a state of the art mixed use development in a prime Meru location. The development will boast a 160,000 sqft Mall, a 6 floor Grade-A office block, and 53 executive apartments. Greenwood city broke ground in December 2015 and has already signed leases with some of Kenya's most recognizable brands - including Nakumatt as its anchor client. http://fusioninvestafrica.com/fred/assets/uploads/Fusion%20Capital%20Information%20Memorandum%20layout.pdf

3) LIKETH INVESTMENTS COAL MINING BLOCKS Exploration and excavation of Coal & Coal Bed Methane in Mui Basin Coal BlocksA (Zombe - Kabati) & B (Mutitu Itiku), Kitui County, The Republic of Kenya. LIKETH INVESTMENTS (KENYA) LTD US$ 303 Million Concession 25 years Concession Fees USD 4M

OFFERING 51% OF THE COMPANY FOR A VALUE 4) ANSELLIA – Lottery ANSELLIA HOLDINGS LTD. OFFERING 51% OF THE COMPANY FOR A VALUE OF USD 4.5 MILLION Ansellia Holdings Limited has an existing license to run a national lottery on the 6/42 game. The license allows for GSM based Electronic Lottery System on a GSM based online network.

5) EDG Development Site Mombasa Rd. Cost of land USD 1.8M Development USD 20M

6) Atelier Suites SERVICED APARTMENTS PARKLANDS, NAIROBI Project Cost 8 Million USD Equity on Offer 40%

6) DICE CONCEPTS/ DREAM PROJETS NYAHURURU HOLIDAY HOMES Equity USD 10 Million Architect: Kariuki Kinyua – Dream Projects

STAGE MALL Muthurwa Stage Mall Equity USD 10 M

7) Supply Trance – KITUI HIGHRISE Adj. to 2 Universities with student accommodation needs of 8000 (SEUCO & JKUAT) University ready to buy in. Investment – USD 10 Million Developer: Supply Trance

8) MY SPACE PROPERTIES GREENSCAPE – KILIMANI, MAKINDI RD, NAIROBI. 45 high-end 3-bed roomed with DSQ The project cost Kshs.1,088,025,000.00, construction cost Kshs.600,000,000. The projected sales Kshs.1,450,000,000 Return on investment of 33%. All the necessary statutory approvals have already been obtained, including approvals for architectural & structural drawings. Environmental Impact Assessment (EIA) report has also been submitted to NEMA and approved. Bills of Quantities.

NYALI VIEW PARK – MOMBASA The scheme comprises of one hundred and forty four apartments (144) of two typologies seventy-two 2-bed room apartments, seventy-two 3-bed room apartments and a commercial project cost has been estimated at Kshs.1.2B, Kshs.450M in profits and a projected return on investment of 36%.

THIRD AVENUE APARTMENTS – NYALI, MOMBASA The scheme comprises of eighty apartments (40no. 2-bed roomed apartments & 40no. 3-bed roomed apartments). The project cost has been estimated at Kshs.830,580,000.00, the construction cost is estimated at Kshs.612,000,000.00. The projected sales are atKshs.1,120,000,000.00 thus generating a net income of about Kshs.289,420,000.00 in profits and a projected return on investment of 35%.

9) STAMPCRETE Seeking Local Manufacturing partner USD 4 Million

10) Mlolongo Housing Mlolongo 800 Units Documents, Titles, Approvals & Financials ready Investment USD 10 Million

11) South B Mall South B Off Mombasa Rd Multi purpose mall – with supermarket. Boutique Hotel – Top floor Documents, Titles, Approvals & Financials ready INVESTMENT USD 10Million

12) 50 CHANIA – Hurlinghum, NAIROBI 20% contructed by CMS AFRICA – seeking for 5 Million Dollars for 40% equity stake ROI of 35% and pay back period of 5 years

13) Hill Mo – NAKURU COUNTY RESIDENTIAL DEVELOPMENT Hill Mo Estate is seeking to raise Usd $ 6,000,000 Million for phase 1 in form of equity that will give the equity investor 67% of profit within a payback period of 4 years. The estimated return for this equity position Usd $ 4,752,709.36

14) SUNTRA INVESTMENT BANK PROPOSAL The Board proposes to seek, a strategic investors to take up a 54.4% stake in the company through the issuance of 16,335,466 ordinary shares at a price to be agreed and subject to the approval by the regulatory authorities.