Mazaya Financial Oct.2018

RITIM ISTANBUL PROJECT Total Saleable area (Residential & Offices): 95K SqM Total leasable area (Mall): 21K SqM Sales achieved: 92% Leases secured: 54% Brands in the Mall: ( Decathlon / E-Bebek / Burger King / Migros / Starbucks / Koftajy Youssef ) 15 1. Drop in the net assets due to TRY depreciation would be reflected on the equity side of the balance sheet (FCTA). 2. Minimal effect on Mazaya P&L accounts due to: · Sales: 92% of the project has been sold and collected. The remaining inventory is expected to be sold at higher prices due to expected price inflation in the future, to be sold through the bulk deal. 3.Drop in Mall value due to TRY depreciation shall be compensated (or partially compensated) by a higher valuation for the property.