Dolphin Capital GmbH A short introductory presentation

Important note Dolphin Capital GmbH operates an unregulated investment scheme.

Prospective Investors should be comfortable they can absorb the risks

associated with the investment and are advised to seek professional advice from a qualified lawyer, accountant or Independent Financial Advisor before investing into this or any other Investment Scheme.

A full and detailed explanation of how Dolphin Capital GmbH operates and the associated risks can be found in the Information Memorandum, which is readily available on request and must be read and acknowledged before any investment is accepted.

Dolphin Capital GmbH - always treating customers fairly

Accreditation

All people explaining Dolphin Capital GmbH have been accredited as Introducers

What is Dolphin Capital GmbH?

Pitmans Solicitors opinion letter is in your Due Diligence Pack

1. An unregulated investment scheme operated by Dolphin Capital GmbH in Germany

2. Pitmans Solicitors have confirmed how Dolphin is compliant with UK Company, Regulatory and Pension legislation

3. The structure is NOT a (UCIS) an Unregulated Collective Investment Scheme under s235 Financial Services and Markets Act 2000

4. A fully transparent and ethical company

5. Specialists in the purchase and renovation of German Listed Buildings

Dolphin has taken legal advice to ensure the construct complies with all appropriate UK legislation

An international business

Dolphin is now operating in four parts of the world

German Listed Buildings

1. There are thousands of internally derelict buildings in Germany

2. The German Government wants to see them renovated and occupied

3. They offer a Tax Incentive to German citizens that purchase the buildings

A powerful opportunity in Europe’s most robust economy

Expressed in the simplest possible terms, Dolphin Capital GmbH buys German Listed Buildings with Private Equity capital. Apartment units are then sold through a well established network of German sales agents to German buyers.

No project purchase is completed by Dolphin without bank finance being approved to the end German buyers. Renovation works are undertaken and the development funds are released by the bank on a phased basis which enables the agreed loan repayments to be made to the investors, who funded the purchase of the listed building at the outset.

The German Government extends a unique tax incentive to any German Citizen who purchases a German Listed Building that matches specific criteria.

Investors in the UK can apply their money to an Investment Structure that uses a Loan Note Instrument. The Investment Structure utilises German Listed Buildings as the underlying asset class.

As a welcome security measure the project investors have the protection of a First Legal Charge on the purchased German Listed Building which is not released until full repayment of capital and loan interest is made to the investors.

When the 12 month investment term is chosen, the Investor receives their 12% interest in two payments – one after six months and one at twelve months, along with the full return of the initial capital sum invested.

Simple explanation

Dolphin Capital GmbH operates with care and precision

Key features of the Investment Dolphin Capital GmbH has a five year trading history and has completed over 200 projects A full track record is available for the scrutiny of Investors and their appointed advisors

A detailed Due Diligence folder is readily available for examination

The minimum Investor Return offered by Dolphin is 12% per annum

Interest rates of up to 15% per annum are achievable when the longer term options are chosen. 1, 3 & 5

year term options are available

The Investment is secured with a first Legal Charge on the asset – German Listed Property

The asset class resides in the country of Germany

The Dolphin Capital GmbH investment is SIPP approved by Stadia Trustees & Greyfriars

Strong interest return over a short or medium term

Investment amounts and types

1. Minimum Cash investment is £10,000

2. Minimum SIPP investment is £15,000

3. Minimum term for cash investors is 12 months.

4. SIPP investments are a mandatory minimum of 3 years

5. Interest of up to 15% available on 5 year terms

6. No legal or admin costs. Only SIPP costs payable by Investor from their fund

Large investments (£500,000 upwards) welcomed through detailed arrangement

Uses a Loan Note Instrument

A Loan Note is a legally binding document that is issued from a lender (Dolphin) to a borrower (Investor) when money is borrowed.

Included in the Loan Note are detail of the Loan Note amount and the terms & conditions that will be applied.

Definition: a form of IOU from one party to another that enables a Payee to receive payments with interest over a set period of time, ending at the date which the entire loan is repaid.

Executed as a deed.

Key part of the documentation process

Due Diligence

There are sixteen key items in the Dolphin Capital GmbH Due Diligence pack

A sample of the documents Due Diligence documents available

Security considerations The underlying asset class is GERMAN LISTED BUILDINGS All funds paid to German lawyers-Botterman Khorrami LLP (BK Law) Secured by First ranking legal charge registered over property Special Purpose Vehicle (SPV)- for each project Security Trustee Legal Charge not released until all investors repaid All legal costs involved borne by Dolphin

All the security normally associated with property

ownership but with none of the usual drawbacks

Similar to Bridging Finance from a security perspective but legal charge provided is a First not second charge

Your risk concerns addressed

What next?

STEP 1 Expression of interest form

STEP 2 Loan Note Offer Letter

STEP 3 Loan Note Instrument

STEP 4 Loan Note Certificate is

issued

A simple four step process

Step by Step Process (detail) 1. Investor expresses interest to proceed and completes Expression Of Interest Form (EOI Form).

2. EOI for is either faxed to 01213146151 or e-mailed (scan) to investors@dolphinig.co.uk

3. Irish office prepares and issues Loan Note Offer Letter and the proposed Loan Note Instrument to the

Introducer. This occurs inside a maximum 36 hours of receipt

4. Introducer sends the signed Loan Note Offer Letter via e-mail to investors@dolphinig.co.uk. This e-mail address is managed by the Dolphin Capital GmbH Irish Office.

5. The Investor sends the funds direct to Botterman Khorrami (BK Law) by Bank Transfer

6. The Irish office keeps an electronic copy of the Loan Note Offer Letter and the completed Loan Note Instrument. A copy of the fully completed and signed Loan Note Instrument is provided to the investor by the Irish Office

A simple but regimented process

The exit process

The exit process is automatic

The Loan Note Term is logged in the Dolphin Capital system

Interest & Capital payment dates are triggered by the registered dates

Investors simply choose a term option at the beginning

No withdrawal process is needed at the end of the selected term

Money sent to Bank Account specified in the paperwork

The security trustee releases the Legal Charge on the German Listed Building

Even the exit process is simple

Other Information

1. Key Features Document

2. 16 page brochure

3. Simple interest illustrator

Other detailed documentation is available to you

Other information continued

4. Information Memorandum

Comprehensive detail provided ion the Information Memorandum

5. Website

Trust – more than just a word Transparent approach to all that Dolphin does

R obust German marketplace is where the activity takes place

U nderlying asset class is German Listed Buildings

S ecured by a first legal charge on the asset

Time sensitive investment

At Dolphin trust is not just a word, it is an acronym that symbolises what we stand for

Facts about Germany

Germany is extremely well regulated from both a legal and banking perspective Germany is Europe’s largest economy and 4th largest in the world Germany is the world’s 2nd largest exporter The population in Germany is 82.2 Million The GDP per capita in Germany is €35,930. This is 19% higher than EU average 60% of Germans live in rented accommodation New build activity in Germany is limited In Germany, Tenancy Rental Arrangements spanning 10-20 years are not uncommon German rental yields to landlords are in the 6% region but do vary according to location The consequences for non-payment of rent are much more severe on German tenants than those applied on UK Rent Defaulters. The German Listed Building Tax Break is the only tool high rate tax payers have available to reduce their tax liability

Highly respected all around the world for their discipline and precision