Hoepfner BauInvest Plus: Creating Lasting Value

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Hoepfner BauInvest Plus: Creating Lasting Value Hoepfner BauInvest Plus Gmbh & Co KG is a subsidiary of Hoepfner Bräu, the 200+ year old holding of the Hoepfner family. BauInvest builds upon its foundation of strong family tradition and concentrates today in developing property and real estate projects in future-oriented markets: renewable energy nursing and home care retail commerce Our primary objective is to support projects of lasting value that enable us to generate secure long-term gains for our clients. The specialists at BauInvest examine and verify potential sites, develop project concepts, carry them out in cooperation with trusted partners boasting decades of experience, and finally position these properties on the market. Experience, trustworthiness, professional competence, long-range vision and a pursuit of sustainability these are the watchwords of the work of BauInvest.

Photo: From 1896-98 Kommerzienrat( Councillor of Commerce) Friedrich Hoepfner constructed Hoepfner Castle using Neuschwanstein as his inspiration. The property still belongs to the family and today houses not only the brewery and malt works but offices of various service providers and young hi-tech firms. Developing Ideas BauInvest Plus excels at all phases of project development. We examine sites and secure physical property generate and calculate alternative use concepts provide competence in the areas of: o retail properties (discount outlets, supermarkets, home and garden centers) o renewable energy (photovoltaic field und roof systems) o care giving facilities (nursing homes, assisted living units) generate our own feasibility studies and contract external appraisals for comparison negotiate financing with banks, depending on the project, as nonrecourse financing based either on calculated cash flow or the liability of the proprietary financial backer

clarify authorization issues in advance and initiate authorization procedures source and oversee the construction process with proven cooperation partners can take over an entire project, negotiate indemnity and insurance contracts, as well as coordinate relevant specialists as needed In short: we offer complete business and technical project development from a single provider (with the exception of legal and tax advice).

Sharing Rewards Investors may contribute to and benefit from the growth of our properties values in various ways: purchasing an existing property whose cash flow is supported by a careful selection of business partners joining with us to found a joint-venture company, carrying it out together, and sharing in the results; in such a case you retain the option of taking over the project entirely at a later date participating in the form of a private placement in a property holding company with a small group of investors for projects you currently own, we can provide business administration and/or management of technical operations

New Projects Implemented by BauInvest Plus and Cooperating Partners o Home and garden center, Halle, Germany Property area: 5,000 m 2 (53,820 ft 2 ), current commercially utilized area: 2,000 m 2 (10,764 ft 2 ). Tenant is Netto Marken Discount AG & Co. KG with a 15-year lease. This project was completed in late 2010. An adjoining floral shop is under construction and some additional tenants will round out the shopping center. o Netto Supermarket, Berlin, Germany Property area: 4,800 m 2 (51,667 ft 2 ), current commercially utilized area: 1,000 m 2 (10,764 ft 2 ). Tenant is Netto Marken Discount AG & Co. KG with a 15-year lease. o Solarpark in Halle, Germany With a peak production of well over 2 megawatts, this photovoltaic production center is a significant investment opportunity. Daily power output information can be easily ac-

cessed online by investors. Despite adverse weather conditions, electrical generation was successfully initiated in December 2010, enabling us to secure an attractive initial return on investment. The sale of the Solarpark is currently pending. o Das Grüne Haus ( The Green House ) in Freiburg, Germany This real estate object consisting of 40 housing units and a beverage center is currently under construction. More information at: www.das-grüne-haus.eu o Nursing care center in Neustadt near Coburg, Germany Utilized area: 5,500 m 2 (59 201 ft 2 ), 117 beds, completed early 2010, long-term

tenant is Phoenix Verwaltungs- und Betriebsgesellschaft mbh, Füssen, Germany. Contractually leased by tenant until 2030. o Nursing care center in Augsburg, Germany Utilized area: 6,300 m 2 o (67,813 ft 2 ), 136 beds, completed September 2009, tenant is H&R Senioren Heimbetriebsgesellschaft mbh, Berlin. Contractually leased by tenant until 2029. Nursing Care Center Roedermark near Frankfurt, Germany Utilized area 5.500 m 2 (50,000 ft 2 ), 90 beds, to be completed in 2013, contractually leased for 20 years. The drawing depicts plans for this very modern building.

Team Dr. Friedrich Georg Hoepfner Chief Executive Director Andreas Eckhardt Project Manager Hartmut Raupp Executive Manager Sabine Schlieben Executive Secretary Yves Steiner Manager Dr. Gerda Frank Financing

Our Background A majority (75%) of Hoepfner BauInvest Plus GmbH & Co KG belongs to Hoepfner Bräu Friedrich Hoepfner Verwaltungsgesellschaft mbh & Co KG, which in turn is owned in entirety by the Family Hoepfner. The remaining 25% of BauInvest Plus is owned by TASC Bau AG in Halle, Germany. Following the sale of its brewery operations in 2004, Hoepfner Bräu is now active in property and real estate management, concentrating on mixed-use projects. Our areas of emphasis are currently in the German cities of Karlsruhe, Heidelberg, Konstanz, Freiburg and Berlin. The flagship property is the historic Hoepfner-Burg ( castle ), located in the center of Karlsruhe s eastern city area. Here, alongside the functioning brewery and malt works, are numerous restaurants, offices, apartments, and the Alte Malzwerk, a business center specializing in media and service providers. The investments and holdings of Hoepfner Bräu are detailed on its website at www.hoepfner-braeu.de.

The Hoepfner-Stiftung is a non-profit foundation that has for many years supported the CyberForum e.v., a multiple award-winning network for high-tech entrepreneurship, idea development, and new market creation. In addition, the foundation provides support to culture and the arts, notably sponsoring young composers through the annual Wolfgang Rihm Scholarship. www.hoepfner-stiftung.net Hoepfner BauInvest Plus GmbH & Co KG Rintheimerstr.33 76131 Karlsruhe +49 721 6183 293 www.hoepfner-bauinvest.de bauinvest@hoepfner-braeu.de

Please contact us at: Contact Telephone +49 721 6183-293 Fax +49 721 6183-292 Mobile +49 173 6263180 (Hartmut Raupp) E-mail bauinvest@hoepfner-braeu.de Mailing address: Hoepfner BauInvest Plus GmbH, Rintheimerstr.33, 76131 Karlsruhe, Germany Villa Hoepfner, main office of Hoepfner BauInvest Plus