2. SEEFF FRACTIONAL OWNERSHIP H istory Current scope Costing consideration – Feasibility Concept & Processes What the market is asking for Re-sale market and ROI Exchange Platforms Challenges

3. HISTORY Fractional in 03 and Converted to a Seeff license in June 2005 – Seeff Fractional Ownership. The power of the brand. Success to date. Decline during meltdown. Product offering

4. CURRENT SCOPE South African regions where fractional sales are predominant: Exclusive Golf Estates – Why… they offer freedom for children, the hotel & spas for all, the golf for the family & the tranquillity for everyone Golfers only – 40% KZN, Western Cape and Wildlife Estates currently highest demand Garden route also popular. Cape Town and KZN Apartment blocks

5. Project has to conform to a legal model The project needs to be registered with VOASA Full disclosure True value needs to be considered to maximize R.O.I. & credibility of the industry In SA a 100% return in 5 years is expected in property. Our shareholders expect the same and better Re-sales have generated the credibility COSTING CONSIDERATION - FEASIBILITY

6. Once we have established the demand in a particular resort/destination we generally purchase a Villa/Lodge/apartment or land and develop. Below proving our expertise in this field Design….and there are various factors taken into account. Brief & manage architects & planning phase. Develop & facilitate in project management. Interior design. Engineers & Landscaping. Finance, accounting & collections processes during build period. CONCEPT & START-UP PROCESS

7. Concept - continued Register a company, then on - sell to 13/26 investors. We collect all payments & once all done & suppliers paid, we hand the Villa over to its shareholders. Manage snags. Manage Villa on shareholders behalf to create hassle-free holidays and further facilitate rentals, exchanges, swaps & re-sales.

8. WHAT THE MARKET IS ASKING FOR Golf estates Villas Wildlife Estate Lodges Apartments in sought-after destinations Predominant sales before recession, during and after

14. The SFO Business Case You cannot over-value a Fractional property Unless the feasibility is executed with utmost care, the business case will fail The market needs to be assured that capital growth remains relevant Re-sales creates credibility to the industry Last 20 statistics End user finance will play a role in future Rentals a large motivator and instills credibility Management company essential RE-SALES & ROI

15. Roster system does not always suit school - going families Interest remains in the appreciating asset, but the shareholder can enjoy the product globally Gives investors options – in SA & globally Maximising the experience Exchange platform options EXCHANGE PLATFORM

16. WEAKNESSES IN CURRENT FRACTIONAL MODEL Only ONE - End - user finance