KENYA: Swiss International Pens Management Agreement For Leisure And Conference Resort At Mount Kenya

1. INTERNATIONAL QUALITY – LOCAL AFFINITY Page 1 Press release For Immediate Release Swiss International signs management agreement for a large leisure and conference resort at Mount Kenya “Swiss International Resort Mount Kenya” is expected to open at the end of 2017 Baar (CH)/Ras al Khaimah (UAE)/Nairobi (Kenya), Swiss International signed a management agreement with Mlima Kenya Holiday Homes Ltd to co-develop and manage a “one-of-a-kind” resort, located at the scenic foothills of Mount Kenya at Naro Moru. The agreement was signed at the Swiss International Lenana-Nairobi that opened its doors earlier in December. Present at the signing were Mr. Ronald Ndegwa (CEO of Mlima Kenya Holiday Homes Ltd), Mr. Henri Kennedie (CEO of Swiss International) and Mr. Benson Karanja (CEO of Uniform Capital Partners Ltd.). Uniform Capital Partners was the legal advisor to Mlima Kenya Holiday Homes.

2. INTERNATIONAL QUALITY – LOCAL AFFINITY Page 2 Swiss International Resort Mount Kenya will be a notable architectural landmark on the Nanyuki landscape with a total of 236 villas, townhouses hotel rooms & suites and an Event and Conference Centre for 1’000 participants. Swiss International Resort Mount Kenya will develop and offer for sale to individual owners:  82 Villas (4 bedroom)  54 Townhouses (2 and 3-bedroom) Mr. Ronald Ndegwa, the CEO of Mlima Kenya Holiday Homes Ltd, remarked “In the coming years, we are confident that Swiss International Resort Mount Kenya will be acknowledged as a prime venue and a platform for significant events in Kenya. Our partnership with Swiss International, which is known for providing exceptional hospitality service, will be a vital building block to support the success of the resort” Mr. Henri W.R. Kennedie, Chairman and CEO of Swiss International said, “This project is indeed one of the most exciting projects for us. It is a resort with full-fledged leisure and event facilities and that provides with amenities whatever the guests’ can think of which completely aligns with what we want to see in our properties” Swiss International has continued to show its commitment for the African region. Lately, the company opened its hotel in Nairobi with Swiss International Lenana. With the arrival of Swiss International Resort Mount Kenya, the chain will add its 6th property in Africa. (In the picture from left to right: Benson Karanja, Ronald Ndegwa, & Henri Kennedie)

3. INTERNATIONAL QUALITY – LOCAL AFFINITY Page 3 Facility overview: The Swiss International Resort Mount Kenya will offer residents and guests a wide range of facilities which includes:  A deluxe upscale hotel with 100 rooms & suites  3 restaurants: Swiss Café Restaurant & Lounge, Ticino Ristorante and TED & Co  An Eventives center for meetings and events in the hotel  Swiss Select Lounge  Fully serviced members only Inspirations Swimming Pool & Gym  A 9 hole reversible to 18 hotel golf course  One Golf Clubhouse with a large Bar & restaurant facility  2 free standing restaurants: Tukule and Safari Restaurant  A Safari Museum  An Art Gallery  A large luxury Spa, with treatment rooms, Sauna and steam rooms  Catering facilities  Welcome center for Resident & Hotel guests  Retail center It is a mixed use residential and holiday development close to the Mount Kenya National Park and 35 minutes flight away from the Nairobi city. It doesn’t end here; for guests who would like to keep up with their fitness routine the resort also provides with multiple outdoor activities facilities such as cycling & jogging tracks, tennis courts, aerobics, hiking and also a playground for children. Additionally, the resort is complemented by a free wireless internet, supermarket, gift shop, open air & covered parking, helipad, Jacuzzi, & club house. In a nutshell, the resort has it all for a fulfilled experience for its guests.

4. INTERNATIONAL QUALITY – LOCAL AFFINITY Page 4 Swiss International Hotels & Resorts Founded in 1982, Swiss International Hotels is established in Switzerland. Swiss International Hotels & Resorts is currently associated with hotels in Switzerland, Greater China, the Middle East and Africa. The company is registered in Baar, Switzerland and is operating from the UAE (Ras Al Khaimah). Swiss International is operating and licensing its hotels under the luxury brand “Royal Swiss” the upscale Swiss International and The Residences by Swiss International, as well as the company’s midscale brand Swiss Spirit, Hotels & Resorts. Other Swiss International hotels on the African continent: Swiss International Mabisel Port Harcourt Nigeria Swiss Spirit Hotel & Suites Mardezok Asaba Nigeria Swiss Spirit Hotel & Suites Freetown Freetown Sierra Leone Swiss Spirit Hotel & Suites Alisa Accra Ghana Swiss International Lenana Nairobi Kenya Please also see :( http://www.swissinternationalhotels.com/)

GHANA: Alisa Hotel ACCRA Joins Swiss Hotel Africa

Swiss International Hotels & Resorts announces the signing of a license agreement with the owning company of Alisa Hotel Accra, it has equally appointed Dr. Wasiu Babalola as the Managing Director, Africa, Swiss International Hotel.

The agreement starts May 1, 2016 and this marks the entry of Swiss International in Ghana, the Company’s 5th African country. The hotel is currently undergoing re-branding and training initiatives for a period of 3 months. The new name of the hotel will be: Swiss Spirit Hotel & Suites Alisa – Accra.

This 199 room hotel is strategically located in the upscale North Ridge district of Accra. North Ridge was originally planned as a neighborhood for civil servants and businessmen in the colonial era. Today, North Ridge remains one of the best residential neighborhoods in Accra. The area of North Ridge, West Ridge, and East Ridge, collectively referred to as “The Ridge” is populated by several major embassies, including those of Germany and the United Kingdom, making it an ideal location for an international hotel brand.

The Swiss Spirit Hotel & Suites Alisa – Accra will offer besides the 199 oversized rooms and suites, a Swiss Café Restaurant & Lounge, a TED & Co Bar & Lounge, The Box – for Meetings & Events and an Inspirations Pool & Gym.

The General Manager of the Alisa Hotels Ltd, Mr Yusuf Olela stated: “With Accra becoming one of the leading destination cities in Africa, there has always been a call for Alisa Hotel to be competitive in the global market and to reorganize its services to international standards. We believe the association with Swiss International will empower us to offer top international hospitality services.”

The Hotel is the first hotel of the chain in Ghana. The hotel has entered a license agreement with Swiss International on March 3rd, and as such will benefit from the strength and offerings of an international brand.

“We live in a globalized world. Travellers seek the same levels of service and quality from the hotels at home and abroad indicating demand for international hotel brands. Swiss International is making its debut in the country and we are happy that we entered the capital” commented Mr Henri W.R Kennedie, the CEO of Swiss International Hotels & Resorts.

Mr Kwame Ofosu Bamfo, the owner of the hotel added “This is an exciting time for our company as we partner with Swiss International to gain and secure a stronger position in the hotel market of Accra. I am convinced that our hotel, under the flag of Swiss International, will continue to see higher peaks of success.”

When asked about the role that emerging markets like Ghana play in the broader portfolio of International hotel brands like Swiss International, Dr. Wasiu Babalola, Managing Director – Africa for Swiss International Hotel & Resorts commented: “In general, Africa is considered to be the market with the biggest possibility for growth, as it is yet to maximize its development potential. The hospitality industry in Ghana and Accra in particular has seen huge growth around rising commercial centers and natural resources extraction.”

The arrival of Swiss Spirit Hotel & Suites brand in Ghana earmarks Swiss International’s commitment to Africa. The chain is already represented in Nigeria with 2 hotels, in Rwanda with 1 hotel and in Sierra Leone with 1 hotel and it is moving to Kenya to operate a luxury resort.

Swiss International plans to become a leading brand in Africa. For this reason Swiss International has recently moved its Service center to Ras Al Khaimah, UAE. The availability of the company’s 6 brands; Royal Swiss (Luxury), Swiss International Hotel & Resorts (Upscale), Swiss International The Residences (Upscale), Swiss Spirit Hotel & Suites (Mid-market), Swiss International Boutique (Boutique) and Yes Inn by Swiss International (Budget) and its associated concepts will make it possible to reach the company expansion objective of having 150 hotels by the year 2020 globally.