www.dolphinci.com

Playa Grande Club and Reserve is fully owned by Dolphin Capital Investors (Dolphin).

Dolphin is a leading global investor in the luxury residential resort sector in emerging markets and the largest real estate investment company (by net asset value) listed on the Alternative Investment Market of the London Stock Exchange.

Dolphin specializes in acquiring and developing large seafront sites of striking natural beauty in the eastern Mediterranean, Caribbean, and Latin America, and establishing sophisticated leisure-integrated residential resorts.

Since its inception in 2005, Dolphin has raised approximately $1.3 billion, has become one of the largest private seafront landowners in the eastern

Mediterranean and has partnered with some of the world’s most recognized architects, golf course designers and hotel operators. Dolphin has zero debt at the corporate level, typically acquires its projects purely with equity, and uses low bank debt for their development.

Dolphin also owns Aristo Developers, one of the largest holiday home developers in southeast Europe having sold over 3,000 homes to date. This enables the company to combine real estate private equity investment expertise with leading development experience and local market knowledge.

Dolphin’s portfolio is currently spread over 60 million m² of prime coastal developable land and is valued at approx. $2.6 billion. It comprises 13 large-scale, leisure-integrated residential resorts under development in Greece, Cyprus, Croatia, Turkey, Panama and the Dominican Republic and more than 60 smaller holiday home projects through Aristo Developers in Cyprus.

Dolphin is managed by Dolphin Capital Partners, an independent real estate private equity management firm, founded in 2004 by Miltos Kambourides and Pierre Charalambides.

ZONIRO

Zoniro is Dolphin’s global luxury lifestyle and residential resort brand, established to develop and operate some of Dolphin’s large luxury residential resorts. Zoniro leverages on Dolphin’s Aristo development platform and integrates Dolphin’s international local development teams. Zoniro represents the first truly international residential resort operating brand with the ability to service and combine hotel inventory and shared-ownership product, with residential units and lots.

The Playa Grande Zoniro development and operating team includes a dedicated group of over 90 professionals and other employees, and combines a thorough knowledge of the country with strong operating and development expertise.