2. CYPRUS

3. Cyprus is the 3rd largest island in the Mediterranean. It is 9,251 square kilometers (3,572 square miles). Total population 800,000 Paphos Limassol Larnaka Protaras Nicosia 40 min 35 min 30 min 40 min Troodos 70 min

4. Things to know about Cyprus: 340 days per year sunshine, with a short and mild winter period. Crystal Clear waters. Excellent beach locations Pollution free. Easy to get around. ( short distances). High level of Infrastructure,( constantly up-graded). (New marinas, new golf courses, new airports etc). Member of the EU since May 1 st 2004

5. Robust Economy:  Still low Unemployment of 5.3% (european average 9.7)  High per capita Income of €24,000.  Well diversified Economy:  Tourism = About 2.5 million arrivals  Services (offshore, international banking, trade, consulting)  Real Estate - Construction.  Agriculture  Manufacturing (Basic)

6. Social issues: No real poverty (overwhelming majority is middle class). Safety / Crime: Very safe, boasting only 1/6 th of the EU average, with very little “hard” crime. Education is very important: 3 rd in the world in University Graduates per 1000 citizens. Free Healthcare in Public Hospitals English is widely spoken. All documentation is in English

7. Real Estate in Cyprus  Demand is on the Rise again  Cyprus is improving in every aspect.  Level and type of projects is improving.  New markets started investing in Cyprus  Real estate trend improved in 2010  Increased demand this year from 2009 Paphos (up 27.2 percent) Limassol (up 24.7 percent) Nicosia (up 23.3 percent), Protaras area (up 13.1 percent) Larnaca (up 11.8 percent).

8. Investment Opportunities 4 developments Paphos  Marina View Villas 3  Andriana Exclusive Resort Apartments 2 Larnaca:  Faros Luxury Beach Villas  Elysian Fields Spa Resort Apartments

9. PAPHOS

10. Andriana 2 Exclusive Resort Apartments

12. MASTER PLAN

13. POOL AREA

18. Marina View 3 Luxury Villas

20. MASTER PLAN

25. Larnaka

26. Elysian Fields Spa Resort Apartments

28. MASTER PLAN

29. ELYSIAN SPA The SPA facilities are: o Reception o Cafeteria – Bar o Indoor pool o Jacuzzi o Jet Showers o Fitness o Massage o Steam Bath o Sauna o Beauty shop o Beauty treatment o Facial and beauty room o Changing room and lockers o Showers and toilets for Gents/Ladies

33. Faros Luxury Beach Villas

34. PROJECT DETAILS

35. MASTER PLAN

41. Internal Rate of Return(10-year period) PROJECTPESSIMISTIC IRR BASE IRROPTIMISTIC IRR Elysian Fields Spa Resort 4% 8.59% 11% Faros Luxury Beach Villas 9%14.44%19% Andriana Exclusive Resort Apartments 2 5%9.09%13% Marina View Villas 3 4%9.59%14%

42. For more information on the company and our various developments please visit our website www.paschalidevelopers.com