INDEX COMPANY PROFILE 2-17 PROJECT REFERENCES 19-29



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Profile References

INDEX COMPANY PROFILE 2-17 PROJECT REFERENCES 19-29

WHO WE ARE Sanipex Group is a market leading supplier of quality bathrooms, tiles and plumbing materials. Established in Dubai, United Arab Emirates in 1994, as a representative to a handful of European manufacturers, the company today conducts business in over 30 countries across four continents and represents over 50 of the world s leading brands, including its own highly successful BAGNODESIGN and AQUAZONE brands. The sustained growth of the company has been built on four key areas of competitive advantage; A unique three channels to market approach of Project, Retail and Wholesale An extensive and exclusive product portfolio Unrivalled supply chain capabilities A focus on customer relationships rather than customer transactions COMPANY PROFILE With this multi-channeled approach and the diversity of markets in which it operates, Sanipex is in a strong position to weather the current economic climate and to take advantages of opportunities which enable it to continue on its delivery of sustained growth. 2

COMPANY PROFILE BAGNO DESIGN SHOWROOM - DUBAI 3

OUR VISION AS A RETAILER To expand the BAGNODESIGN retail network across the Middle East, Central and South Asia, Africa and Europe, through a mixture of wholly owned and franchised showrooms, that provide medium to high end designer bathrooms to a discerning client base. AS A WHOLESALER Through offering full loads on an agency basis and broken bulk on invoiced supply, develop and maintain a significant presence in each of the markets in which it operates. AS A PROJECT SUPPLIER COMPANY PROFILE To be the supplier of choice for the Middle East, Central and South Asia, Africa and Europe for direct project supply of bathroom fixtures and fittings, tiles and plumbing materials, through providing excellent customer service and integrating with the project management team to add value at every stage. 4

COMPANY PROFILE UK A & D Centre Deira Showroom Qatar A & D Centre Dubai Showroom OUR VISION Abu Dhabi Showroom 5 Sharjah Showroom

OUR BRANDS Sanipex represents over 50 of the world s leading manufacturers, most of whom are exclusive within the markets in which we operate, in particular the Middle East, Central and South Asia and Africa. Having access to such a wide range of quality product enables us to compete for any project by being able to offer a solution, irrespective of design aesthetics or budget. Relationships with our suppliers are built on trust and support and have developed over several years as we seek to conclude business deals that satisfy the needs of our suppliers, our clients and ourselves. BAGNODESIGN The BAGNODESIGN Collection is arguably the most comprehensive range of bathroom fixtures and fittings available in the market today. Driven by the clients need to Value Engineer the BAGNODESIGN range has expanded significantly in recent years, offering excellent value whilst maintaining high levels of design and quality. Established initially to fill product gaps in the market with bathroom accessories and mixers, the breadth of product range today is comprehensive, including accessories, mixers, sanitaryware, showering, furniture and also whirlpools and mirror TV s. COMPANY PROFILE BAGNODESIGN product is sourced globally and with strict quality control measures at both the factory and through our Jebel Ali and UK Logistics centres, customers are guaranteed a quality product that is competitively priced. AQUAZONE Under the umbrella of AQUAZONE, the company has developed a number of plumbing related sub brands which include AQUADRAIN floor drains and shower channels, AQUAECO concealed cisterns, flushing mechanisms and washroom accessories and AQUAFLEX bidet sprays and flexible hoses. Whilst still in its infancy, the AQUA brand is rapidly increasing its presence across both the Project and Wholesale markets. 6

COMPANY PROFILE OUR BRANDS 7

whirlpools Creating areas of relaxation and re-invigoration. mixer collection Going beyond functionality, the BAGNODESIGN mixer collections, add value to every bathroom through contemporary design and unrivalled reliability. Boston COMPANY PROFILE Chicago Seattle vision mirror tv s The new BAGNOVISION range combines fashion and design with technology that immediately conveys luxury status. The product can be customised to clients requirements. 8

COMPANY PROFILE sanitaryware The BAGNODESIGN collection features signature ranges of Italian manufactured sanitaryware ranging from traditional to contemporary and sleek designs. OUR BRANDS hotel collection Created specifically for the Hospitality Industry providing the quality, design and durability for all hotel rooms and public areas. 9

THREE CHANNELS TO MARKET RETAIL SANIPEXTRADE COMPANY PROFILE MULTI BRAND BAGNODESIGN showrooms have set the standard as the premier showroom location for architects, designers, and private clients. On display are products from 30 of the world s leading manufacturers, providing a toolkit for clients to create a bathroom solution that is unique to them. SINGLE BRAND - BAGNODESIGN The development of the BAGNODESIGN product line enabled the company to open an exclusive BAGNODESIGN single branded showroom in July 2011. This showroom has become the blueprint for potential franchisees looking to open showrooms in their own markets. Currently 16 such showrooms are in operation with a further nine showrooms due to open in the second half of 2012. Through single branded showrooms, we are able to protect market exclusivity to our franchisees and control the distribution of the product in the respective markets. AQUAZONE QUALITY PLUMBING SOLUTIONS AQUAZONE showrooms were borne out from listening to the frustrations of existing sanitaryware contractors about the lack of quality plumbing materials within the market and not being able to get them from one source. The AQUAZONE showrooms in Dubai and Sharjah, provide a one stop shop offering complete plumbing solutions for individual plumbers through to major contractors with unrivalled customer service and technical support. 10 Sanipex Trade took advantage of the economic downturn, which coincided with the opening of the Jebel Ali logistics centre, to significantly improve customer service levels. Whilst customers and other distributors reduced their inventories and subsequently stock availability, Sanipex stepped in to provide a steady supply of products into the market in broken bulk quantities and with greater frequency of delivery. The Trade division distributes either in bulk, acting as an agent, or broken bulk through invoicing fast moving commercial sanitaryware and plumbing materials to a network of reputable dealers who operate in their local markets across the Middle East, South Asia and Levant. The development of both the BAGNODESIGN and AQUAZONE brands has enabled the Trade division to expand beyond their traditional markets and are now actively developing new business across the whole of Africa, including the establishment of an office in Accra, Ghana to support West Africa, the CIS and even as far afield as New Zealand. Strategic partners are being sought in these markets who are establishing both exclusive and non-exclusive showrooms for the BAGNODESIGN and AQUAZONE brands.

PROJECTS BAGNODESIGN The Project division has become the go-to choice for leading Developers, Architects, Interior Designers and Contractors, with our products represented in several of the world s most iconic projects. This approach has led to us having our products successfully installed in several prestigious projects including the St Regis Hotel and Resort in Abu Dhabi, Viceroy Yas Marina Hotel which straddles the Abu Dhabi F1 motor racing track, Kempinski and Raffles Hotels in Dubai and the JW Marriott Absheron Hotel in Baku. COMPANY PROFILE Our core strength is the ability to work with our clients through every stage of the project. Our specifications team works with the architects and designers on product selection before passing it to our sales team in the relevant location who ensure that our specified product is ordered or to provide alternative options where it is not. Post Sales and Logistics teams ensure the products are delivered to site when the client wants them, Technical teams provide installation support and once the project is live, our Retail team or local partner provide ongoing operational support. The opening of the London A & D Centre further supports this and enables us to ensure that the vision created by Architects and Designers in London is realised in the finished project irrespective of whether it is in Europe, the Middle East, Africa or Asia. AQUAZONE Focuses on the plumbing aspect of a project and also on institutional projects which cover hospitals, clinics, universities, schools and other public institutions. Institutional projects are a significant area of growth particularly within the Middle Eastern market, and the recent development of the AQUAZONE product range and the commercial side of the BAGNODESIGN range has enabled us to quickly become a signifcant supplier to this market, with several prestigious projects including Zayed University and Cleveland Clinic in Abu Dhabi and Sidra Hospital in Qatar already supplied. THREE CHANNELS TO MARKET 11

A & D CENTRE This new Architectural and Design Centre concept, which was successfully launched in Qatar in May 2012, is described as a toolkit for architects and designers to aid product specification for bathrooms. Effectively it is an exclusive showroom for Architects, Interior Designers, Developers and other project related clients who can experience our products at first hand to aid selection. The role of London as a hub for the specification of international hospitality projects is increasing and to support this, in July 2012, the second A & D Centre opened in Clerkenwell, Central London, which is home to over 2,000 architectural and design practices. This move supports our pledge to work with our clients through the entire life of a project and see that the products specified are those that are finally delivered. COMPANY PROFILE 12

COMPANY PROFILE CLERKENWELL A & D CENTRE 13

UNRIVALLED SUPPLY CHAIN CAPABILITY In May 2009, the company opened its 8,300m 2, state-of-the-art Logistics Centre within the Jebel Ali Free Zone in Dubai. With easy access to both sea and air freight facilities, stock can be efficiently mobilised and distributed to our clients across the UAE and the wider Gulf region, Central and South Asia and Africa. Opened during a period where both competitors and customers were de-stocking, it has enabled us to become the supplier of choice across all divisions with a reputation in the market for having stock available and the capability to deliver to the client what they want, where they want it and when they want it. The facility has enabled the development of the BAGNODESIGN range to become the most comprehensive available in the market today, and with the latest warehouse management system we can optimise stock levels and track the movement of thousands of product every week. MANUFACTURING BAGNODESIGN Whirlpools are manufactured in the Jebel Ali facility providing the flexibility to deliver bespoke designs for our clients. Whether it is for a single villa or a several hundred room hospitality project, the product can be delivered where and when the customer requires it. Whirlpools can be fitted to the majority of inset acrylic bathtubs within the BAGNODESIGN range and by not having to import and store completed whirlpools, monetary savings are passed onto the customer ensuring the whirlpools are highly competitive on price. BAGNODESIGN has developed its own range of BAGNOVISION Mirror TV s which are assembled both in Jebel Ali and in the UK. By assembling in-house, this technologically advanced product can be bespoken to the client s requirements. COMPANY PROFILE In 2011, warehousing and distribution facilities were established near Leeds, in the north of England to ensure the efficient export of our UK and European manufactured products directly to our customers in their relative markets as well as to our distribution hub in Dubai, whilst also supporting the growth in UK business. 14

COMPANY PROFILE Unrivalled Supply Chain Capabilities CONTINUAL GROWTH 15

Daryl Barker, Group Managing Director Founder of the Group, Daryl has over 30 years invaluable industry experience, 20 years of which have been based in Dubai. Prior to establishing Sanipex, Daryl gained experience from working with high profile companies including Pegler (Export Manager), Paul Weil Dubai (General Manager) and Eurobath UK (Managing Director). He has acquired a comprehensive background within the industry and substantial expertise of the Middle East markets. Daryl has operational responsibility for identifying new markets and product development. Kevan Halliwell, Commercial & Financial Director Kevan has over 28 years experience in the construction industry, including 16 years at senior management level within multinational suppliers. Kevan joined Sanipex in 2004 bringing a wealth of expertise and knowledge to the Company and is responsible for Commercial, Finance, IT and Warehousing. THE DIRECTORS Calum Stewart, Retail Director Dominic Coulbeck, Operations Director Guy Wilson Managing Director - Projects COMPANY PROFILE Calum is a senior retail professional with over 25 years retail management experience gained from working with leading, multinational companies across the UK, Middle East and Far East. Calum has a wealth of operational experience and prior to joining Sanipex in January 2008, was Store Development Director for the AS Watson Group in Hong Kong where he was responsible for developing new retail brands and store concepts. Dominic has over 20 years experience in management positions with Blue Chip organizations in the UK and the Middle East. Resident in Dubai since 1988, he joined Sanipex in 2005 and heads up our new facility in Jebel Ali with the responsibility for Purchasing, Post Sales Support, Distribution and Human Resources. 16 Guy has 20 years of international experience in the industrial and construction sectors in Africa, Europe and Middle East. Guy has been based in Dubai for the past seven years working for Geberit, where he has most recently been Head of the Gulf region. Guy leads up the Sanipex Project division.

COMPANY PROFILE Jamie Cain Sales Director - Trade Jamie joined Sanipex in 1996 bringing with him a natural ability in sales and firsthand knowledge of the plumbing industry. His ability and knowledge has resulted in Sanipex becoming a market leader in plumbing and sanitaryware in the UAE, Middle East and Africa Markets. Mark Walker Sales Director - BagnoDesign UK Mark Walker has nearly 20 years of experience in the international bathroom and plumbing industry, having worked in various capacities throughout Europe, the Middle East, Africa and the Americas as well as domestically in the United Kingdom. After nearly a decade with British brassware leaders VADO (during which he worked closely with Sanipex) he then established his own design-led bathroom and kitchen showroom. Continuing with his passion for bathrooms, he has joined Sanipex in March 2012 to head up the BAGNODESIGN UK operation. SUPPORT Tom Boyd Contracts Manager - Aquazone Tom joined Sanipex in 2007 and heads up the AQUAZONE Division. Tom is a qualified Hydraulic Engineer and brings over 15 years of international experience in design, installation, sales and general management within the plumbing and sanitaryware industries. Stephen Turner Chief Financial Officer An International Executive who joined Sanipex Group in February 2012, previously being Managing Director and Finance Director of multi-national companies operating in diverse hightech markets. Stephen is a graduate accountant with an MBA. Ben Ralph Chief Information Officer Ben has over 17 years IT experience working in the heavily regulated UK Banking industry, leading teams that successfully delivered multi-million pound transformation and integration programmes for two leading UK Banks. Ben is responsible for the delivery of robust and optimised business processes supported by high quality IT systems. 17

project references

PROJECT REFERENCES HOSPITALITY Dubai JW Marriot Marquis Hotel Kempinski Hotel Raffles Hotel The Address, Montgomerie Al Manzil, The Old Town The Palace, The Old Town The Qamardeen Hotel, The Old Town Rotana Bur Juman Arjaan Hotel Sofitel, Jumeirah Beach Rotana Amwaj Hotel Centro Barsha Hotel Media One Hotel Meydan Hotel The Address, The Old Town Shangri La Hotel Royal Mirage III Movenpick Hotel, Jumeirah Beach Jebel Ali International Hotel Pullman Hotel, Mall of the Emirates The One and Only, Palm Dubai Four Points Sheraton 20

Raffles Hotel, Dubai PROJECT REFERENCES JW Marriot Marquis Hotel, Dubai Media One Hotel, Dubai Kempinski Hotel, Dubai PROJECT REFERENCES 21

PROJECT REFERENCES HOSPITALITY Abu Dhabi Yas Viceroy, Yas Island St. Regis Nations Tower St. Regis Resort, Saadiyat Island Abu Dhabi Golf Club Centro Hotel, ADNEC Angsana Resort & Spa, Eastern Mangroves Centro Hotel, Yas Island Rotana Hotel, Yas Island Crowne Plaza Hotel, Yas Island Premier Inn, Abu Dhabi Qasr Al Sarab Desert Resort by Anantara Bridgeway Hotel Desert Islands by Anantara Westin Golf Resort & Spa Saadiyat Beach Villas Monte-Carlo Beach Club, Saadiyat Sir Baniyas Island Lodges 22

Yas Viceroy, Yas Island PROJECT REFERENCES Angsana Resort & Spa, Abu Dhabi Qasr Al Sarab Desert Resort, Abu Dhabi St Regis Resort, Saadiyat Island PROJECT REFERENCES 23

HOSPITALITY Ras Al Khaimah Waldorf Astoria Azerbaijan JW Marriot Absheron, Baku Bahrain Benin Kial Hotel, Cotonou Maldives Angaga Island Resort & Spa The Hilton Conrad, Rangali Island Nasundhara Palace Hotel Nakatcha Fushi Resorts Hotel Sofitel Zallaq Thalassa Sea & Spa The Gulf Hotel Grand Mercure India Mauritius Intercontinental Balaclava Fort Resort The Four Seasons Anahita Resort Chalet Hotels Hyatt Regency, Chennai ITC Gardenia Hotel, Bangalore ITC Kakatiya Sheraton, Hyderabad Lotus Pond Hotel, Mumbai Radisson White Sands Resort, Goa Renaissance Powai, Mumbai Taj Faluknama Palace, Hyderabad Taj Lands End, Mumbai The Zuri Hotel, Bangalore Vishnupriya Hotel & Resort Kenya Hemmingways Boutique Hotel, Nairobi Kuwait Al Manshar Rotana Hotel Oman The Chedi Crowne Plaza Hotel, Sohar Qatar Ramada Hotel Al Shaqab Equestrian Academy Fraser Suites Grand Hyatt Intercontinental Hotel Musheireb, Heart of Doha Souq Waqif Hotel St.Regis Hotel Apartments Oryx Rotana Radisson Hotel La Cigale Hotel Dukhan Palace Doha Convention Centre The Gate Mall Pakistan Saudi Arabia PROJECT REFERENCES Avari Hotel, Karachi Le Meridien Hotel, Karachi Sri Lanka Devi Luxury Apartments, Colombo Galle Face Hotel, Colombo InterContinental Hotel, Colombo Premier Pacific Apartments, Colombo Trans Asia Hotel, Colombo 24 Al Qualaa Hotel Towers, Makkah Dokaae Hotel Towers, Makkah InterContinental Hotel Apartments, Madina Mövenpick Hotel Anwar Al Madinah Radisson SAS Resort, Riyadh Radisson SAS, Jeddah Sofitel, Al Khobar JW Marriott Hotel, Jeddah Raffles Hotel, Makkah Ibis Hotel, Riyadh Al Boudi, Riyadh

St Regis Hotel Apartments, Qatar JW Marriott Absheron, Baku The Hilton Conrad, Maldives Hotel Sofitel Zallaq Thalassa Sea & Spa, Bahrain Intercontinental Hotel, Qatar PROJECT REFERENCES Angaga Island Resort and Spa, Maldives 25 The Chedi, Muscat PROJECT REFERENCES

commercial & residential Abu Dhabi TDIC Headquarters Abu Dhabi Stock Exchange ADIC Towers Abu Dhabi National Exhibition Centre (ADNEC) Etihad Towers Aldar HQ Central Market Al Bandar Residences Azerbaijan Port Baku Tower Dubai U-Bora Towers Al Barari Villas Equestrian Villas Jumeirah Golf Estates Palm Jumeirah Limitless Office Towers Bank Melli Iran Building Emaar Old Town Emaar Dubai Marina South Ridge, Downtown Dubai Mirdif Mall Saudi Arabia Siemens Business Gate, Riyadh Samba Bank HQ, King Abdullah Financial District Qatar PROJECT REFERENCES Viva Bahriya 20/21/22/23 Al Shaqab Villas Qatar Airways Premium Lounges Heart of Doha Al Muraikh Tower Bahrain Capital Towers Pakistan Orchid Apartments, Lahore 26

Port Baku Tower, Baku U Bora Towers, Dubai Aldar HQ, Abu Dhabi PROJECT REFERENCES Central Market, Abu Dhabi ADNEC, Abu Dhabi 27 PROJECT REFERENCES

Abu Dhabi Zayed University New York University Cleveland Clinic Mafraq Hospital Al Ain University Masdar Institute of Science & Technology Qatar Sidra Hospital National Museum PROJECT REFERENCES institutional Dubai Al Zahra Hospital Saudi Arabia Princess Noura University 28

Zayed University, Abu Dhabi PROJECT REFERENCES Cleveland Clinic, Abu Dhabi Sidra Hospital, Qatar New York University, Abu Dhabi PROJECT REFERENCES 29

P.O. Box 262044 Jebel Ali Free Zone (South) Dubai, UAE +971 4 5076000 info@sanipexgroup.com www.sanipexgroup.com BDX-PRO-2012A4-A-WH