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10768 - Due Diligence 6 29/3/10 09:04 Page 1

10768 - Due Diligence 6 29/3/10 09:04 Page 2

3– D U E D I L I G E N C E –

Contents

4 Introduction

5 Dunas Beach Resort

6 - 8 Land Registry Certificate – Portuguese

9 - 11 Land Registry Certificate – English

12 - 13 Final Land Purchase Deed – Portuguese

14 - 15 Final Land Purchase Deed – English

16 Construction License – Portuguese

17 Construction License – English

18 - 25 Environmental Impact Study

26 Environmental Impact Study – Approval Letter

27 Red Book Valuation

10768 - Due Diligence 6 29/3/10 09:04 Page 3

4 – D U E D I L I G E N C E –

Delivering Peace OfMind For All Investors

The Resort Group takes a fully focused, detailed and strict approach to the duediligence process. That means all the necessary licenses, permits and permissions are in place in addition to full land ownershipand an excellent working relationship withlocal government and authorities.

All of which means that when you buy aproperty through The Resort Group, you'll bemaking a great investment, but you'll also bebuying into something that's harder to put avalue on. Peace of Mind.

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5– D U E D I L I G E N C E –

Dunas Beach Resort

Where You & Your Money MakePerfect Returns

CAPE VERDE is a flourishing island paradise, with year round sunshine andsome of the best beaches in the world. It is widely recognised as the risingstar of overseas investment, with phenomenal potential for future growththanks largely to its booming tourism industry.

SAL ISLAND is at the heart of the investment excitement which surroundsCape Verde and there's never been a better opportunity to invest.

Sal Island accounts for 69% of Cape Verde's rental market with touroperators currently unable to meet the growing demand from tourists. And thanks to direct flights to Sal's international airport, this tropicalparadise is just a few hours away.

Billions of Euros is being invested into the development of hotels, resorts,golf resorts, marinas, water parks and commercial centres, delivering theopportunity for substantial and sustained returns.

DUNAS BEACH RESORT is set to become a spectacular tourist destination.Developed on the on the prime white sands of Ponta Preta beach, just acouple of minutes to the main town of Santa Maria, Dunas Beach Resort is a prestigious beach front resort of luxurious properties built to the veryhighest specification.

Stunning range of facilities throughout the resort, Dunas Beach will be a truly world class tourist destination, representing an outstandingopportunity for both investment and lifestyle buyers.

10768 - Due Diligence 6 29/3/10 09:05 Page 5

6 – D U E D I L I G E N C E –

Land Registry Certificate– Portuguese

10768 - Due Diligence 6 29/3/10 09:05 Page 6

7– D U E D I L I G E N C E –

Land Registry Certificate– Portuguese (cont.)

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8 – D U E D I L I G E N C E –

Land Registry Certificate– Portuguese (cont.)

10768 - Due Diligence 6 29/3/10 09:05 Page 8

9– D U E D I L I G E N C E –

Land Registry Certificate– English

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10 – D U E D I L I G E N C E –

Land Registry Certificate– English (cont.)

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11– D U E D I L I G E N C E –

Land Registry Certificate– English (cont.)

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12 – D U E D I L I G E N C E –

Final Land Purchase Deed – Portuguese

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13– D U E D I L I G E N C E –

Final Land Purchase Deed – Portuguese (cont.)

10768 - Due Diligence 6 29/3/10 09:05 Page 13

14 – D U E D I L I G E N C E –

Final Land Purchase Deed– English

10768 - Due Diligence 6 29/3/10 09:05 Page 14

15– D U E D I L I G E N C E –

Final Land Purchase Deed– English (cont.)

10768 - Due Diligence 6 29/3/10 09:05 Page 15

16 – D U E D I L I G E N C E –

Construction License– Portuguese

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17– D U E D I L I G E N C E –– D U E D I L I G E N C E –

Construction License – English

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18 – D U E D I L I G E N C E –

Environmental impact study - Evaluation Report

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19– D U E D I L I G E N C E –

Environmental impact study - Evaluation Report (cont.)

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20 – D U E D I L I G E N C E –

Environmental impact study - Evaluation Report (cont.)

10768 - Due Diligence 6 29/3/10 09:05 Page 20

21– D U E D I L I G E N C E –

Environmental impact study - Evaluation Report (cont.)

10768 - Due Diligence 6 29/3/10 09:05 Page 21

22 – D U E D I L I G E N C E –

Environmental impact study - Evaluation Report (cont.)

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23– D U E D I L I G E N C E –

Environmental impact study - Evaluation Report (cont.)

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24 – D U E D I L I G E N C E –

Environmental impact study - Evaluation Report (cont.)

10768 - Due Diligence 6 29/3/10 09:05 Page 24

25– D U E D I L I G E N C E –

Environmental impact study - Evaluation Report (cont.)

10768 - Due Diligence 6 29/3/10 09:05 Page 25

26 – D U E D I L I G E N C E –

Environmental impact study - Approval Letter

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27– D U E D I L I G E N C E –

Red Book Valuation

10768 - Due Diligence 6 29/3/10 09:05 Page 27

R E G I S T E R E D O F F I C E : 9 3 2 E U R O P O R T, G I B R A L T A R

U K R E P R E S E N T A T I V E O F F I C E : 1 2 A M E L B O U R N E B U S I N E S S C O U R T, M I L L E N N I U M W A Y, P R I D E PA R K , D E R B Y D E 2 4 8 L Z

T E L : + 4 4 ( 0 ) 1 3 3 2 3 8 7 8 1 8 F A X : + 4 4 ( 0 ) 1 3 3 2 6 1 3 6 1 1 W W W. T H E R E S O RTG R O U P P L C .C O M

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