Overview

Develop a Retirement Village of 180+ units

Life Rights Basis – Sunset Bay Trading Hermanus the owners of the Property

Overview

What is Life Rights?

The Right to use until death

Pay a Capital Sum for this Rights upfront

Proceeds to Development Company

User-occupation for the remainder of his/her life

At Death or Vacating…

The Developer Sells the Rights to a New User

50% of the Proceeds are retained in the Company after Expenses

50% of the Proceeds are Paid out to the Estate – after Expenses

Effective date of Transferring of Shares

Phase One ~ SOLD

Cash Flow Projections Examples Over 18 years

Date Price

Annual Escalation Percentage Units Capital

Annual Gross Sales

Repairs & Maintenance

Agents Commission Nett Proceeds To Estate To Company Nett Per Unit

01-Jan-2012 R 499,000 60 R 29,940,00001-Jan-2013 R 499,000 0.00% 60 R 29,940,00001-Jan-2014 R 499,000 0.00% 60 R 29,940,00001-Jan-2015 R 663,670 33.00% 10 R 6,636,700.00 R 331,835.00 R 331,835.00 R 5,973,030.00 R 2,986,515.00 R 2,986,515.00 R 298,651.5001-Jan-2016 R 710,127 7.00% 10 R 7,101,269.00 R 355,063.45 R 355,063.45 R 6,391,142.10 R 3,195,571.05 R 3,195,571.05 R 319,557.1101-Jan-2017 R 759,836 7.00% 10 R 7,598,357.83 R 379,917.89 R 379,917.89 R 6,838,522.05 R 3,419,261.02 R 3,419,261.02 R 341,926.1001-Jan-2018 R 813,024 7.00% 10 R 8,130,242.88 R 406,512.14 R 406,512.14 R 7,317,218.59 R 3,658,609.30 R 3,658,609.30 R 365,860.9301-Jan-2019 R 869,936 7.00% 10 R 8,699,359.88 R 434,967.99 R 434,967.99 R 7,829,423.89 R 3,914,711.95 R 3,914,711.95 R 391,471.1901-Jan-2020 R 930,832 7.00% 10 R 9,308,315.07 R 465,415.75 R 465,415.75 R 8,377,483.56 R 4,188,741.78 R 4,188,741.78 R 418,874.1801-Jan-2021 R 995,990 7.00% 10 R 9,959,897.13 R 497,994.86 R 497,994.86 R 8,963,907.41 R 4,481,953.71 R 4,481,953.71 R 448,195.3701-Jan-2022 R 1,065,709 7.00% 10 R 10,657,089.92 R 532,854.50 R 532,854.50 R 9,591,380.93 R 4,795,690.47 R 4,795,690.47 R 479,569.0501-Jan-2023 R 1,140,309 7.00% 10 R 11,403,086.22 R 570,154.31 R 570,154.31 R 10,262,777.60 R 5,131,388.80 R 5,131,388.80 R 513,138.8801-Jan-2024 R 1,220,130 7.00% 10 R 12,201,302.26 R 610,065.11 R 610,065.11 R 10,981,172.03 R 5,490,586.01 R 5,490,586.01 R 549,058.6001-Jan-2025 R 1,305,539 7.00% 10 R 13,055,393.41 R 652,769.67 R 652,769.67 R 11,749,854.07 R 5,874,927.04 R 5,874,927.04 R 587,492.7001-Jan-2026 R 1,396,927 7.00% 10 R 13,969,270.95 R 698,463.55 R 698,463.55 R 12,572,343.86 R 6,286,171.93 R 6,286,171.93 R 628,617.1901-Jan-2027 R 1,494,712 7.00% 10 R 14,947,119.92 R 747,356.00 R 747,356.00 R 13,452,407.93 R 6,726,203.96 R 6,726,203.96 R 672,620.4001-Jan-2028 R 1,599,342 7.00% 10 R 15,993,418.31 R 799,670.92 R 799,670.92 R 14,394,076.48 R 7,197,038.24 R 7,197,038.24 R 719,703.8201-Jan-2029 R 1,711,296 7.00% 10 R 17,112,957.59 R 855,647.88 R 855,647.88 R 15,401,661.84 R 7,700,830.92 R 7,700,830.92 R 770,083.0901-Jan-2030 R 1,831,086 7.00% 10 R 18,310,864.63 R 915,543.23 R 915,543.23 R 16,479,778.16 R 8,239,889.08 R 8,239,889.08 R 823,988.9101-Jan-2031 R 1,959,263 7.00% 10 R 19,592,625.15 R 979,631.26 R 979,631.26 R 17,633,362.64 R 8,816,681.32 R 8,816,681.32 R 881,668.1301-Jan-2032 R 2,096,411 7.00% 10 R 20,964,108.91 R 1,048,205.45 R 1,048,205.45 R 18,867,698.02 R 9,433,849.01 R 9,433,849.01 R 943,384.90

R 24,061,138 R 89,820,000 R 225,641,379 R 11,282,069 R 11,282,069 R 203,077,241 R 101,538,621 R 101,538,621 R 10,153,862

Assumptions:Mortality rate = 5.55%Agents commission = 5% of Annual Gross SalesRepairs & Maintenance = 5% of Annual Gross Sales

Multi Projects Investments Provides: Design Layout Costing Plans Approvals from local government Marketing and Sales Construction Management Services during and after

completion Legal Services assistance

Sunset Bay Current Owner Responsibilities Provide the Land Unencumbered1.

2.

Effective date of Transferring of Shares

Phase One ~ SOLD

Medical Services to be Provided by Existing Facilities in Hermanus

Directors

Thys Van Rooyen Niel Mynhardt

Questions?

Multi Projects Investments (Pty) LtdMulti Projects HouseFairways Office Park

Somerset West, 7130Tel: +27 (0)21 850 9620

Email: charlesn@multiprojects.com