1Q 2016 INVESTMENT OPPORTUNITIES

Section. II

Guaranteed return – YE`S apartments by Pioneer.

Maximum upside - Luchi by LSR (leverage available).

Investment opportunities, Moscow

Most waited launch - Moscow City by Renaissance (to be announced in April).

Table 2. Opportunities overview

Investment opportunity

Status

Unit size (recommended), sq.m.

B-Club's price, $/sq.m.

Budget

3-year upside

(Billion Estate's estimate)

Rental yield on initial

investment (estimate)

Upside structure

Hand-over

Developer

Risks

Risk of non-delivery

(estimate)

YE'S, Moscow Luchi, MoscowRenaissance Moscow Towers,

Moscow

Turn-key apartments Apartments without fit-out Mixed-use project

28-44 34.6 - 45 50-100

Starting $2,500 Starting $1,250 Under negotiation

From $75,000 From $40,000 Patience…

Guaranteed 60% return in 3 years60%

(50% first 2 years)WOW!

10% 6%

Guaranteed returnStage of construction.

Undervalue pricing.

The only new development

at Mayakovskaya.

Hotel's service

2Q 2016 4Q 2017 1Q 2019

Pioneer Group LSR Renaissance Construction

General market risksNon-delivery

General marketSlow construction.

Developer from Turkey.

1% 3% 5%

Property description

YE'S apart-hotel

Advantages of the object: 4* comfort,

unique infrastructure, profitability is

managed by YE`S property management

company. Investor benefits: 2 returns

p r o g r a m s , e n s u r e d l e a s e o f t h e

YE'S is a complex of stylish middle-scale

apartments, which are an alternative

investment product on Moscow market

intended for investors and tenants by its

price - to - quality ratio.

apartments, easy management and

holding of the assets.

Number of apartments: 504

Total build-up area: 52,000 sq.m YE'S apart-hotel

fitness center with a swimming pool (3,000 sq.m), SPA-complex, restaurants and cafes, lounge bar, concierge service, retail galleries and customer service, underground and guest parking, etc.

Infrastructure:

MKAD

МUlitsa 1905 Goda metro station

7 к

м

Crocus Expo International exhibition centre

Greenwood Business Park

YE'S

apart-hotel

8 км

850 м

Property description

Luchi Residential Complex

arriving in time to any point of Moscow. 9

residential buildings with different

number of stories (between 6 and 25) will

be built on 35.5 hectares land lot.

Irrefutable advantages of the buildings are

construction based on energy saving

Luchi Residential Complex is located in

the South-Western Administrative Okrug

of Moscow, in pictorial Solntsevo district.

The development combines advantages of

living near the forest area and close

location to the metro station allowing

seamless technology of façade lining,

bright architecture, convenient layouts of

units, comfortable development density

and reasonable prices for high-quality real

estate.

Number of apartments: 7000

Total build-up area: 633,000 sq.mLuchi Residential Complex

§ 2 schools (each for 825 pupils), 2 separately located kindergartens (each for 250 children), 2 integrated kindergartens (each for 150 children).

Infrastructure:

Chobotovskiy forest

Ulyanovskiy forest Park

2 км

Luchi

Residential

Complex

Solntsevo metro station

MKAD

М

200 м

Family Medical Center

1,3 км

Property description

Renaissance Moscow Towers

One tower is a residential (75 floors),

while another one is a mixed-use building

(62 floors). The towers will reach a height

of 289 m and 337 m. Panoramic windows

give a feeling of freedom and living over

the clouds. The parking lot has a capacity

of 2,952 vehicles.

MKAD

Kremlin

The Project's location combines living

s p a c e , b u s i n e s s a c t i v i t y , a n d

entertainment together. Project's amazing

visibility makes it an iconic architectural

landmark of the whole Moscow. The

project is located on 2.41-hectare lot and

includes two high-rise buildings.

In addition to latest technology used at all

stages and smart home remote control

systems for each apartment, the project is

also a candidate for International Quality

Certificate LEED.

Number of apartments:

Total build-up area: 357,000 sq.mRenaissance Moscow Towers

“Delovoy center” metro stationМ

International business center Moscow City

800

м

§ green space area (8,000 sq.m), which provides residents amazing green garden, including walking, entertainment and leisure zones; green roof with outdoor and indoor entertainment facilities including swimming-pool and SPA; office and retail facilities.

Infrastructure:

Renaissance

Moscow

Towers

“Vystavochnaya” metro stationМ

“Mezhdunarodnaya” metro station М

6 км

B-club - #bottom-searchers & #billion-makers clubis a private real estate investor club.

The Club's strategy is to search and acquire highly liquid assets

with outstanding value upside worldwide.

Sincerely yours,

Vladimir TribratManaging Partner, PhD B-CLUB

B-club