wesDA Consulting Group Company Presentation

wesDA ConsultingGroupCompany Presentation

Agenda • wesDA Consulting Group • Mission, Business Principles, Guide Lines • Divisions of wesDA Consulting • References / Cooperation / Media, Press • Executive Management

wesDA Consulting wesDA Consulting Group (wesDA Consulting) is a real estate and consulting group of companies with an impressive track record specialized in • Privatization of corporate and residential real estate • Compulsory auction and receivership of real estate in connection with distressed loan portfolios • Project management and advisory services for insurances and capital investments • Real estate brokerage in the rural districts of Diepholz, Oldenburg and Bremen

Mile Stones 1994: Foundation in Bassum as a merger out of a variety of different real estate, insurance and financial services companies 2002: Grand Opening of the new Head Office in Bassum 2005: More than 5.000 compulsory auctions since the formation of the company 2006: In total more than 12 wesDA Consulting branch offices in Hamburg, Schwerin, Stralsund, Neustrelitz, Magdeburg, Berlin, Dresden, Leipzig, Erfurt, Kassel, Bielefeld, Essen

Network Partners • Notariat Bohlen und Freise, Syke • Prof. Dr. Ing. H. Borgmann (FRICS), Berlin • BWE Beratungs- und Kompetenzzentrum, Syke • filia – Erste Grundstücks- Verwaltungs- und Handelsgesellschaft, Bassum

Mission “Small but smart” We are small enough to know our clients personally, but powerful and smart enough to accomplish their ambitious goals. Our approach is two folded: a. we focus on the essentials and b. we are only interested if we can deliver extraordinary results to our customers. An ideal precondition for the success of our clients. With a wide network of specialists we are able to cover a wide range of services and deliver high quality.

Business Principles Our clients´ interest is always in the middle of our thinking Every situation, every problem of our clients require an individual solution We deliver results We act with passion and perfection combined with high integrity, openness and respect to others

Guide Lines High educational standards of all of our employees and service providers combined with competence, team spirit, professionalism and focus on the set targets We think outside of the box and have the desire to succeed and add value to the work of our clients If we serve our clients well, our own success will follow

Divisions of wesDA Consulting To meet the market requirements wesDA Consulting identified the following 6 areas of interest (Divisions): • Privatization / Brokerage • Loan / Risk Management • Project Management • Financing / Banking • Management Consulting • Insurance / Capital Investment

Organizational Chart

Privatization / Brokerage Description: Privatization is not a task on its own. Employers, tenants and service providers have to cooperate. This is the creation of wealth for the new owners. Social aspects have to be considered as well. Approach: - Analyzing the assets - Developing a business plans - Restructuring - Tenant Advise - Sale to owners / occupiers - Sale to capital investors

Privatization / Brokerage Results: Our privatization rate is around 70% (Average rate in Germany: 40%) Sale to semi-professionals and to professionals is very successful Sale of larger residential portfolios of public housing companies is more difficult but very encouraging

Loan / Risk Management Description: Sale by court order and receivership of single / multiple family dwellings and housings estates on request of banks Approach: Outsourcing agreement with lenders Assessment of the real estate Restructuring Receivership Advertisement of the real estate Negotiations with potential purchasers

Loan / Risk Management Results: More than 5.000 successfully managed forced sales since the formation of the company Realization of approx. 100% of the value in well established areas like Hamburg, Bremen, Berlin In average realization of approx. 50% of the value in the New States of Germany

Project Management Description: No property development on its own. Property development only in conjunction with loan / risk management. wesDA Consulting is taking over the general management and marketing role Approach: Definition of the property development role with banks Outsourcing concept Disposition plan

Project Management Results: Acquisition of non marketable assets through companies who belong to the wesDA consulting Group Enhancement of the land through property development (e.g. refurbishment of the building etc.) Sale of the refurbished / redeveloped property

Financing / Banking Description: Conclusion of financing arrangements in conjunction with property development projects Approach: Renegotiation of bank loans Cooperation with mortgage banks Analysis, management and application on behalf of our clients for subsidies granted by European Union, Germany, public banks, utility companies etc.

Financing / Banking Results: Conclusion of many financing arrangement especially in a sequestration Close cooperation with German banks and insurance companies e.g. - Deutscher Herold AG - BHW, Bausparkasse AG - Deutsche Bank AG

Management Consulting Description: Financial engineering, human resources management and tax advice through wesDA Consulting and their preferred network partners Approach: Review of budgets and financing arrangements Advice and renegotiation of existing contracts (architects, engineers, etc.) Advice and selection of potential candidates for full time employees Interim management

Management Consulting Results: Risk Management advice for companies in difficult situations (restructuring, liquidity etc.) Interim and Project Management Workshops / Coaching on restructuring issues

Insurance / Capital Investment Description: Independent insurance brokerage with a focus to real estate financing. Representation of German capital investment companies Approach: Analysis of a need for insurance cover Independent Brokerage for a variety of insurance companies and capital investment companies

Insurance / Capital Investment Results: Significant customer clientele in the areas of insurance cover and capital investments Close cooperation with German banks and insurance companies e.g. - BHW Bausparkasse AG - Deutsche Bank AG - LSH – Versicherungen

References • Dun & Bradstreet Deutschland GmbH, Darmstadt • Verband der Vereine Creditreform e.V., Neuss • Bürgel Wirtschaftsinformationen GmbH & Co. KG, Hamburg Constantly positive rating from all three rating companies. On request we happily provide your with a copy of the rating report

Cooperation • Deutscher Herold AG • BHW Bausparkasse AG • Deutsche Bank AG • LSH – Versicherungen • LKH – Versicherungen • LLH – Versicherungen

Media / Press 05.03.2006 Weser-Report Banken drängen zu wenig auf Sanierung 18.01.2006 Trade Fair, Bassum “Bauforum“ in Bassum – Energiesparen und Modernisieren 08.12.2005 FWW Die Optimierer 01.12.2005 Immobilien-Zeitung Problemkredite bescheren Krisenmanagern satte Gewinne 28.05.2005 Spiegel- TV “Haus unter dem Hammer“ Reportage zeigt Arbeit der Immobilienverwerter aus Bassum 19.04.2005Kreiszeitung Zwangsverwaltung hat Gebäude-Erhalt zum Ziel 16.04.2005Real-Estate Association Eigenheim-Traum ermöglichen 12.03.2005Association of Forced Administrators ZWANGSVERWALTER für Immobilien 03.11.2004Kreiszeitung Zwangsversteigerung in Nahaufnahme.

Executive Management Günther Meyer Founder, Chairman and CEO wesDA Consulting More than 20 years of banking experience, real-estate financing Set up and Head of a Work-Out Department in a well-known Mortgage-Bank German Real Estate Appraiser since 1980 Diplom-Betriebswirt, Diplom-Ökonom

Executive Management Maik Dannemann Founder and CFO wesDA Consulting Certified Real Estate Manager Certified German Appraiser Certified Receiver (IHK) Actuary (BWV)

Thank you for your attention For further information: Head Office Am Damm 4 27211 Bassum Tel.: 04241 / 9219 - 0 Fax: 04241 / 9219 - 19 www.wesda.de

wesDA Consulting Group Company Presentation