BUILDING WEALTH

“ANYBODY CAN BUY A BUILDING.

EVERYBODY IS AN EXPERT IN PROPERTIES.

BUT IT TAKES A CERTAIN KIND OF SOMEBODY

TO BUILD WEALTH WITH REAL ESTATE ASSETS.”

KLAUS W. BENDER

SEPTEMBER 2017

BUILDINGWEALTH WITHREAL ESTATE

ASSETS

2

ABOUT ACRON

INITIATED IN AMERICAIMPLEMENTED IN SWITZERLANDINVESTORS WORLDWIDE

3

ABOUT ACRON

ACRON GROUP TRANSACTION VOLUME (IN CHF)*

ZÜRICH LUXEMBOURG DÜSSELDORF DALLAS SÃO PAULO

BUILDING WEALTH FOR INVESTORS WITH REAL ESTATE ASSETS IS OUR MISSION SINCE 1981

■ Founded in 1981, ACRON is headquartered in Switzerland, with subsidiaries in the United States Luxembourg, Germany, and Brazil.

■ ACRON focuses on real estate investments for high net-worth clients intending to create sustained wealth and value for investors.

■ ACRON offers the advantage of first-class assets, trophy properties and prime projects in the world’s safe havens.

■ All investments structured for single investors as well as multiple investors (club deals).

■ Internationally minded, ACRON combines its global expertise with local presence in the most stable real-estate markets.

■ ACRON initially assumes the full financial risk for every investment. Investments are only offered to ACRON’s investors once they achieve their criteria.

■ All investments, most of which are single-asset structures, are set up as stock corporations unless a special customized structure is required. All shares have an International Securities Identification Number (ISIN), and are bankable.

OTHER76,254,000

GERMANY80,583,000

AUSTRIA94,350,000

USA721,568,000

SWITZERLAND795,875,000

TOTAL1,768,630,000

*As of September 2017; in relation to net purchase price including pipeline

4

ABOUT ACRON

CONSIDER THIS: WE INVEST OUR

OWN MONEY ALONGSIDE

YOURS.

KLAUS W. BENDER

5

ABOUT ACRON

ACRON CORE VALUES ... WHAT DO OUR INVESTORS WANT?

ACRON initially assumes the full financial risk for every investment with no committed investor existing. This is why ACRON’s core values are based on the question, “What do our investors really want?”

■ Real Estate investments for long-term interest and stable income.

■ Development projects for short & mid-term returns.

■ Investment security (return of equity).

■ Return on equity: Projected minimum annual IRR of 7% (core and value-added investments) resp. 10% (development and re-development projects) in Switzerland and Western Europe, 10% (core and value-added investments) resp. min. 15% (development and re-development projects) in USA and Canada.

■ Possible exit after five (core investments) to seven years (development projects).

■ Plausibility of economic success based on USP of investment.

■ Unique location of asset.

■ Special USP with regards to use and micro economics.

6

INVESTMENT REGIONS

COUNTRIES BY CREDIT RATING

FOCUSED ON EUROPE, THE AMERICAS, AND STABLE MARKETS

Source: Fitch Ratings, as of September 13, 2017 / *number of countries with this rating

AAA best debtors 11*Switzerland, USA, Germany, Luxembourg, Netherlands, Denmark, Norway, Sweden, Canada, Australia, Singapore,

AA negligible default risk 13* Belgium, Austria, France, Great Britain, Finland, Qatar, Hong Kong etc.

A safe investment 17* Bermuda, Chile, China, Eastland, Ireland, Israel, Malta, Saudi Arabia etc.

BBB average good 22* Spain, Italy, Mexico, Peru, Thailand, Andorra, Russia, Panama, India etc.

BB speculative 20* Bahrain, Portugal, South Africa, Turkey, Brazil, Paraguay, Serbia etc.

B highly speculative 28* El Salvador, Kenya, Nicaragua, Ecuador, Egypt, Jamaica, Iraq, Ukraine etc.

CCC loss probable 3* Greece, Congo, Venezuela

AMERICAS

TRANSACTION VOLUME

USACHF 721,568,000

EUROPE

TRANSACTION VOLUME

SWITZERLAND, GERMANY, AUSTRIACHF 970,808,000

Our safe havens Under observation

7

INVESTMENT UNIVERSE

ASSET CLASS BREAKDOWN1

INVESTORS BY REGION OF ORIGIN2

1) As of September 2017; in relation to investment volume including pipeline 2) As of September 2017; in relation to total equity

* Russia (0.70%), Panama (0.54%), Monaco (0.21%), Serbia (0.21%), Spain (0.13%), France (0.12%), Sweden (0.10%), England (0.07%), Israel (0.02%), Netherlands (0.01%)

The majority of our clients are located in Switzerland or have relationships with Swiss banks, as we have many business partners including private banks, wealth management firms, and family offices located close to our head office in Zurich and all over Switzerland. Through our extensive network, we also address investors all over the world, providing them with a seamless service via our local representation offices.

ACRON GROUP INVESTMENTS1

THE INVESTMENTS WE OFFER MEET OUR INVESTORS’ OBJECTIVES

Based on our strategy to offer investments with stable and continuous returns, our transaction volume is to a great extent in core real estate investments. This reflects investor’s long-term interest in our business very impressively. Development projects stand for short & mid-term returns and are perfectly suitable as additions to real estate portfolios.

Real estate as an asset class offers various advantages, such as low correlation to other financial assets. For that reason real estate should represent an essential part of every investment portfolio. We offer individual solutions to investors seeking relatively high and stable income returns. In this context investors are focused on those real estate segments that are to a great extent capable of producing income. Our investors clearly prefer allocation to hospitality and offices, with other investments including retail, assisted living and logistics properties.

Switzerland41%

Germany21%

North America 2%

Austria2%

Liechtenstein1% Others*

1%

Qatar 8%

Saudi Arabia 8%

Mexico 8%

Luxembourg8%

Hotels 52%

Logistics 2%

Offices 26%

Retail 15%

Residential 5%

Core 69%

Development 31%

8

TRANSFORMING ATTRACTIVE LOCATIONS

ACRON USA

9

INTO SPECTACULAR ASSETS

ACRON USA

10

ACRON US HOLDING CORP.

ACRON U.S. MANAGEMENT, INC. ACRON (USA) L.P.

President/CEOGreg W. Wilson

Vice President/DirectorPeer Bender

DirectorKlaus W. Bender

Director of Asset Management & Director of Hospitality

Michael Troglin

Director of Acquisition Management

Michael Denton

Head of Controlling & Accounting

Carole Hoffman

New Acquisitions &Operations Accountant

Shelby Logan

Project AccountantElizabeth Hardy

Management Assistant

Susan Lowe

ACRON USA

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HOTEL DIVISION

Castleton Holdings LLC Bruce Bradley, Developer

First Hospitality Group Inc. Robert Habeeb, Developer/Project Manager

Pyramid Hotel Group Chris Pfohl, Developer/Project Manager

AMZ, LLC Boone Nerren, Developer

Baker & Hostetler LLP John Melicharek, Attorney

MULTI-FAMILY DIVISION

American Residential Group Ltd Robert Leikam, Developer

Baker & Hostetler LLP John Melicharek, Attorney

CONSTRUCTION

Venable LLP Len Goodman, Contract Attorney

DRB Consulting LLC Don Boyken, Construction Consultant

ACQUISITIONS/FINANCING

Holland & Knight LLP Woodrow Vaughn, Attorney

Holland & Knight LLP Matthew Joe, Attorney

Baker & Hostetler LLP John Melicharek, Attorney

Hall Estill Clive Seymour, Tax Attorney

Regier Carr & Monroe LLP Brent Curry, Tax Compliance

ACRON USA

“FOR A SUCCESSFUL REAL ESTATE INVESTMENT YOU NEED RELIABLE PARTNERS. WE ARE GLAD TO HAVE THEM IN ALL THE COUNTRIES WE ARE ACTIVE IN.”

GREG W. WILSON, ACRON (USA) L.P.

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ACRONUSA

ACRON 10 UN S.F. AGOffice in San Francisco, CAYear acquired: 2011Year sold: 2014

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INVESTMENT COMPANYASSET

YEARACQUIRED

YEARSOLD

INVESTMENT COMPANYASSET

YEARACQUIRED

YEARSOLD

1. ACRON INTERVEST BRIGHTON POINTE L.P. 20. ACRON 21 CENTRE PARK L.P.Apartment complex in Tulsa, OK 1988 1996 Office in Tulsa, OK 1999 2005

2. ACRON INTERVEST SPRINGFIELD L.P. 21. ACRON USA FONDS SHILOH SQUARE L.P.Shopping center in Springfield, MO 1988 1999 Shopping center in Dallas, TX 1999 2012

3. ACRON INTERVEST DAYTONA L.P. 22. ACRON 21 LEWIS PLAZA L.P.Supermarket in Daytona, FL 1988 1997 Office in Tulsa, OK 2000 2016

4. ACRON INTERVEST WINN DIXIE L.P. 23. ACRON ONE SUMMERSIDE PLACE L.P.Supermarket in Myrtle Beach, SC 1989 1997 Office in Dallas, TX 2001 2011

5. ACRON INTERVEST SCRIVNER L.P. 24. ACRON 16 CENTRE PLAZA L.P.Supermarket in Oklahoma City, OK 1989 1997 Office in Tulsa, OK 2001 2012

6. ACRON INTERVEST GIANT FOOD L.P. 25. ACRON KINGS PARK L.P.Supermarket in Philadelphia, PA 1989 1997 Office in Dallas, TX 2003 2016

7. ACRON INTERVEST LAWRENCE L.P. 26. ACRON PRESTON NORTH L.P.Supermarket in Lawrence, KS 1989 1996 Office in Dallas, TX 2004 2016

8. ACRON INTERVEST YUMA L.P. 27. ACRON VALLEY CENTRE L.P.Supermarket in Yuma, AZ 1989 1996 Office in Dallas, TX 2004 2015

9. ACRON INTERVEST WICHITA L.P. 28. ACRON PARKWAY COMMONS L.P.Supermarket in Wichita, KS 1991 1991 Office in Dallas, TX 2005 2016

10. ACRON METROPLEX L.P. 1993/ 29. ACRON RESERVE AT WESTCHASE L.P.Supermarkets in Dallas, TX 1994 1995 Office in Houston, TX 2006 2012

11. ACRON LINCOLN II L.P. 30. ACRON TRIAD I L.P.Supermarket in Lincoln, NE 1994 2007 Office building in Tulsa, OK 2006 2016

12. ACRON SALINA L.P. 31. ACRON STONEBRIAR COMMONS L.P.Supermarket in Salina, KS 1995 2003 Development portfolio mix in Dallas, TX 2009 2015

13. ACRON BOSTON PLACE L.P. 32. ACRON 10 UN S.F. AGOffice building in Tulsa, OK 1996 2012 Office in San Francisco, CA 2011 2014

14. ACRON DAYTONA L.P. 33. ACRON GLORIA PALACE S.A.Supermarket in Daytona, FL 1997 2006 Hotel in Rio de Janeiro, Brazil 2012 2014

15. ACRON LAWRENCE L.P. 34. ACRON 2 PORSCHE DRIVE ATLANTA AGSupermarket in Lawrence, KS 1997 2008 Hotel in Atlanta, GA 2015 NEW

16. ACRON USA FONDS WINN DIXIE L.P. 35. ACRON NAVY PIER HOTEL CHICAGO AG Supermarket in Myrtle Beach, SC 1997 2006 Hotel in Chicago, IL 2016 NEW

17. ACRON USA FONDS GIANT / ELMCREST L.P. 1997/ 2001/ 36. ACRON FISHERMAN’S WHARF HOTEL SF AGSupermarket in Philadelphia; Office in Tulsa, OK 1998 2003 Hotel in San Francisco, CA 2016 NEW

18. ACRON HARVARD GARDEN L.P. 37. ACRON WINDCREST VILLAGE SENIOR LIVING AG Office in Tulsa, OK 1998 2009 Senior Living in Fredericksburg, TX 2017 NEW

19. ACRON USA FONDS 2500 PENN L.P. 38. ACRON LAKE CAROLYN MF PROPERTY Supermarket in Oklahoma-City, OK 1998 2013 Multi-family residential in Dallas, TX 2017 NEW

TRACK RECORD AMERICAS

TRACK RECORD AMERICAS

14

ACRON USA

SOLÍS HOTEL TWO PORSCHE DRIVEATLANTA, GEORGIA, USA

Final project as of December 2015

ACRON 2 PORSCHE DRIVE ATLANTA AGISIN CH0308015392GROUND UP DEVELOPMENT, SINGLE ASSET, CLUB DEAL

Development costs: USD 54.5 mMarket value, as complete (Nov. 1, 2017)*: USD 74.5 mStabilized value, projected (Nov. 1, 2020)*: USD 88.4 mNAV per share: USD 126.39NAV ACRON 2 Porsche Drive Atlanta AG: USD 29.2 m*Appraisal CBRE of June 24, 2017

Original project as of October 2013

Porsche Experience Center Atlanta next to both hotels

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ACRON USA

TRU BY HILTON AT THREE PORSCHE DRIVEGROUND UP DEVELOPMENT

Start of construction: 2018Investment volume: USD 27.6 m

Investment in a 179-key hotel operated under the Hilton TRU brand, located on 3.65-acre of land at Three Porsche Drive, Atlanta, Georgia, next to the Solís Hotel Two Porsche Drive, Porsche Cars North America and Hartsfield-Jackson Atlanta International Airport.

TRU BY HILTON AT THREE PORSCHE DRIVEATLANTA, GEORGIA, USA

16

NAVY PIER HOTEL CHICAGOCHICAGO, ILLINOIS, USA

ACRON USA

17

NAVY PIER HOTEL CHICAGOGROUND UP DEVELOPMENT

Start of construction: 2nd quarter 2018Investment volume: USD 100.0 m

Investment in an exceptional hotel at Chicago’s icon: Navy Pier. Located in the center of Chicago’s central business district, its unique macro and micro location, its one-of-a-kind rooftop bar, and its integration into a new master plan for Navy Pier will ensure the success of this investment.

ACRON USA

18

SHERATON FISHERMAN’S WHARF HOTELSAN FRANCISCO, CALIFORNIA, USA

ACRON FISHERMAN’S WHARF HOTEL SF AG CORE / VALUE ADD INVESTMENT

Investment volume: USD 250 mRenovation and re-positioning of the hotel in 2017/2018

ACRON invested in the unique opportunity of a well-positioned 4-star hotel in world-famous San Francisco’s number one visitor destination. The hotel benefits from strong demand fundamentals as a result of increasing domestic and international leisure travel, strong convention center demand, continued acceleration of the Bay Area’s technology sector, and a limited new hotel supply.

ACRON USA

19

ACRON USA

THE VILLAGES OF WINDCRESTFREDERICKSBURG, TEXAS, USA

ACRON WINDCREST VILLAGE SENIOR LIVING AGISIN CH0374741665GROUND UP DEVELOPMENT

Start of construction: 3rd quarter 2017Investment volume: USD 22.0 m

A state-of-the-art, private-pay, Class-A Seniors housing development with 84 units in southwest area of Greater Fredericksburg: The property location is extraordinary in the beautiful Hill Country of Central Texas, close to the Hill Country Memorial Hospital. The region is the most popular retirement destination in the US. 10,000 Baby Boomers a day will turn 65 – every single day between now and the year 2030. The luxury senior housing is already booked up.

20

ACRON USA

THE CAROLYNLAS COLINAS, DALLAS, TEXAS, USA

21

ACRON LAKE CAROLYN MULTI-FAMILY PROPERTYGROUND UP DEVELOPMENT

Start of construction: 3rd quarter 2017Investment volume: USD 60.5 m

Outstanding investment opportunity for the development of a luxury multi-family waterfront property situated in the heart of the Las Colinas Urban Center, Dallas-Fort Worth Metroplex, Texas. Facing Lake Carolyn, the four courtyards include 319 units of Class A, high-quality multi-family residences with best-in-class finishes coupled with a rich amenity package in a walkable urban setting.

ACRON USA

22

ACRON INVESTMENT PROCESS

ACRON INVESTMENT PROCESS

Identifying the investment

1

Structuring ofthe acquisition,start of market

sounding

3

Regulation: EU, USA,

Switzerland5

Sales and equity funding;

capital call to investors

7

Asset management

(ongoing)9

Building wealth 10

Financing and closing8

Completion of investment essentials

6

Request for financing offers

4

Due diligence, legal & contractual value engineering

2

23

ACRON INVESTMENT PROCESS

WE TAKE A DISCIPLINED APPROACH

IDENTIFYING THE INVESTMENTOur acquisition team carefully monitors various assets which have been either directly offered to us or obtained through our network, e.g. local developers or management partners.

DUE DILIGENCEPrior to signing a contract a thorough investigation of the business is carried out. This can include financing negotiations, design or project changes.

STRUCTURING OF THE ACQUISITION & START OF MARKET SOUNDING INVESTORSOnce a decision to acquire a project has been made, roles and responsibilities are precisely defined in order to move forward in a professional manner. In this time the market sounding begins in order to gauge the interest of potential investors.

REQUEST FOR FINANCING OFFERSInvestment property financing can take several forms and there are specific criteria that borrowers need to be able to meet. Choosing the right financing structure helps ensure the success of your investment.

REGULATION ISSUESInvestments are structured for single investors as well as multiple investors (club deals). We ensure that all regulatory rules are properly considered and addressed.

COMPLETION OF INVESTMENT ESSENTIALS Fulfillment and completion of investment essentials, such as equity required to start or close a funding round.

SALES AND EQUITY FUNDING; CAPITAL CALL TO INVESTORSOnce investors have been taken on board, the equity is allocated and a loan contract for acquisition or construction purposes is signed.

FINANCING AND CLOSINGThis stage typically includes the conclusion of land acquisition contracts, transfer of ownership and release of construction loans.

ASSET MANAGEMENTReal estate asset management is focused on maximizing property value for investment purposes. As ACRON is always co-invested, we implement measures to preserve the value of existing properties to increase the returns from ownership.

BUILDING WEALTHReal estate investments offer an attractive ongoing yield profile in today’s market and satisfied clients are happy to recommend us.

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ACRON AG, ZURICH, SWITZERLAND

ACRON(USA) L.P.

ACRON AG Switzerland

ACRON GmbHGermany

ASSET MANAGEMENTACQUISITION

PROPERTY

SALESLEGAL

MARKETINGACCOUNTING

ADMINISTRATION

ACRON VIRTUAL HOLDINGSTRUCTURE

25

ACRON GROUPMANAGEMENT

Klaus W. Bender, Chairman of the Board of Directors of ACRON AG, founder of the ACRON Group in 1981, President of the Board of Directors of ACRON US Holding Corp., formerly CEO and attorney at his own international law firm, at ACRON since 1981

Greg W. Wilson, Vice President of ACRON US Holding Corp.; President, Secretary, Treasurer of ACRON U.S. Management, Inc.; formerly Controller and Vice President at American real estate companies and Vice President at Intervest Properties, at ACRON since 1998

Carole Hoffman, Head of Controlling and Accounting at ACRON U.S. Management, Inc.; formerly employed in real estate management and acquisition, accounting, at ACRON since 1999

Norbert Ketterer, Vice President of the Board of Directors of ACRON AG, founder and Chairman of Helvetic Financial Services AG, over 20 years of success in business

Jürg Greter, Member of the Board of Directors of ACRON AG, attorney and owner of Greter & Partners Attorneys, formerly Managing Partner at MGR Meier Greter Attorneys and Head of KPMG Private in Zurich, at ACRON since 2005

Ertan Isen, Managing Director of ACRON Lux Invest S.à r.l., Manager of ACRON Lux Management S.à r.l., Deputy Managing Director of ACRON GmbH (2011 to 2016), formerly legal counsel to ACRON GmbH and Möwe GmbH, at ACRON since 2009

Lukas Jegher, Chief Financial Officer of ACRON AG; formerly Senior Manager at PricewaterhouseCoopers; Fiduciary at KPMG; degrees: Certified Fiduciary, Advanced Federal Diploma of Higher Education

André N. Lagler, Managing Director and Head of Sales of ACRON AG, formerly a Director and Trader at ABN AMRO and Credit Suisse. He has more than 25 years of experience in the financial sector servicing international clients, thereof 20 years abroad including USA and the APAC region

Kai Bender, Managing Director of ACRON GmbH since 2017, Member of the Board of Directors of ACRON AG and a Member of the Board of ACRON US Holding Corp., CEO and Delegate of the Board of Directors of ACRON AG from 2008 to 2016, at ACRON since 2003

Peer Bender, CEO and Delegate of ACRON AG since 2017, CEO of ACRON GmbH from 2006 to 2016, Manager of ACRON Lux Management S.à r.l., Vice President of ACRON US Holding Corp., co-founder of ACCENSIS GmbH and formerly Product Manager at ACRON GmbH, at ACRON since 2004

Michael Troglin, Director Asset Manage ment of ACRON U.S. Management, Inc.; formerly Chief Operating Officer at RevMax Hotels, Maryland and Regional Director of Operations at Prism Hotels and Resorts, Texas

Claudia Schön, Chief Customer Officer of ACRON GmbH, formerly Head of Fund Adminis tration at ACRON GmbH and employed in internal and external communications at an international company, at ACRON since 2006

Michael Teperski, Managing Director Marketing of ACRON AG, formerly Head of Marketing & Communication at DJE Kapital, Germany, and Deputy Head of Marketing Investment Banking at Bank Vontobel AG, Switzerland

OUR OUTSTANDING TEAM HAS YEARS OF EXPERIENCE IN REAL ESTATE, LAW, INVESTMENT BANKING, AND ASSET MANAGEMENT.

26

TRACK RECORDEUROPE

ACRON WIEN WESTRetail, office and hotel property in Vienna, Austria Year acquired: 2012still operating

TRACK RECORD EUROPE

INVESTMENT COMPANYASSET

YEARACQUIRED

YEARSOLD

1. ACRON HELVETIA IOffice and logistics property in Buchs, ZH, Switzerland 2007Office property in Solothurn, SO, Switzerland 2009

2. ACRON HELVETIA II (in Liquidation)Hotel in Gstaad, BE, Switzerland 2005 2015

3. ACRON HELVETIA IV (company renamed)Hotel in Zurich, ZH, Switzerland 2005 2009

4. ACRON HELVETIA VLogistics and office propertyin Münchenstein, BL, Switzerland 2009

5. ACRON HELVETIA VILogistics and office property in Zurich, ZH, Switzerland 2009

6. ACRON Berlin BrandenburgInternational Airport AG (company renamed)Hotel in Berlin, Germany 2010 2013

7. ACRON HELVETIA IX (company renamed)Shopping center in Näfels, GL, Switzerland 2009 2011

8. ACRON Wien WestRetail, office and hotel property in Vienna, Austria 2012

9. ACRON Swiss Properties IShopping center in Sierre, VS, Switzerland 2013

10. ACRON HELVETIA XIIHotel in Interlaken, BE, Switzerland 2017

27

ACRONEUROPE

CITY HOTEL OBERLANDINTERLAKEN, SWITZERLAND

ACRON HELVETIA XII IMMOBILIEN AGCORE+ INVESTMENT

Fresh-up and re-positioning ofthe hotel in off-season 2018

ACRON acquired an established mixed-use hotel in the best location of Interlaken – the popular holiday, adventure and congress destination, directly next to the much frequented marketplace, close to world-famous mountains Eiger, Mönch and Jungfrau. The planned fresh-up will raise the great potential of this property and will turn the 193-room hotel into a new fine meeting place for Interlaken in the future.

28

ACRONEUROPE

ACRON SWISS PREMIUM ASSETS AGISIN CH0328641490 | SWISS PORTFOLIO

Investment horizon max. 6 yearsAnnual average cash distribution (post-tax and fees, cash on cash) 6.5%Annual average total return on investment (post-tax and fees, net levered IRR) 9.2%

Investment volume: CHF 291.2 mMarket value of property: approx. CHF 300 m

ACRON Swiss Premium Assets AG (“ASPA”) offers qualified investors the opportunity to invest in its portfolio of four commercial assets with prominent anchor tenants including national and international brands in Switzerland’s major cities. Mixed portfolio with core and value-added assets: Diversification of risk across diverse asset classes and locations in the greater Zurich area.

ACRON AG is engaged by ASPA with services regarding to the organization of ASPA’s capital increases and the distribution of the shares to be issued.

The shares to be issued by ASPA are aimed exclusively to qualified investors within the meaning of the Swiss Federal Act on Collective Investment Schemes (CISA) in conjunction with the Ordinance on Collective Investment Schemes (CISO), as amended from time to time.

OFFICE PROPERTY PORTIKONZURICH, SWITZERLAND

RETAIL CENTER WESTCENTERST. GALLEN, SWITZERLAND

OFFICE PROPERTY T-SYSTEMSBERN, SWITZERLAND

RADISSON BLU AND GRAND CASINOST. GALLEN, SWITZERLAND

ACRON SWISS PREMIUM ASSETS AGZURICH, ST. GALLEN, BERN, SWITZERLAND

29

RADISSON BLU HOTEL AND CONFERENCE CENTER ZURICH AIRPORT, SWITZERLAND

ACRON HELVETIA IV IMMOBILIEN AG (originally)*

GROUND UP DEVELOPMENTSINGLE ASSET, SINGLE INVESTOR

Start of construction: 2006Development cost: CHF 147.6 mPlacement during construction: CHF 154.0 mCompletion: 2008Investor IRR: 18.7%*Now Al Maha Real Estate AG

The stylish Radisson Blu, the only hotel with direct access to the terminal at Zurich Airport, is the first address for international meetings and conferences in Switzerland.

ACRONEUROPE

30

ACRON GROUP

1981Founding of current ACRON Group by attorney Klaus W. Bender

1985Start of business activities in the United States with an external partner

1988Launch of first private placement in the United States.

1988Opening and registration of Swiss ACRON branch in Zurich

1991Opening of ACRON’s US branch in Dallas, Texas

Bender Family Norbert Ketterer

ACRON AG, ZURICH, SWITZERLANDZurich commercial register, CHE-105.266.385

100%100% 100%

ACRON GmbHDüsseldorf, Germany

Commercial register of Düsseldorf Local Court,

HRB 13432

ACRON US Holding Corp.Tulsa, OK, USA

Nevada Corporation, E0748842005-2

ACRON Lux Invest S.à r.l.Luxembourg, Luxembourg

Commercial register of Luxembourg,

B 164 659

A FAMILY BUSINESS BASED ON SOLID VALUES

Founded in 1981 and led by the Bender family ever since, the company is headquartered in Zurich, with subsidiaries in Dallas, Luxembourg, Düsseldorf and São Paulo. ACRON has 50 employees in five countries on three continents.

31

ACRON GROUP

LUXEMBOURG SINCE 2011

Managing Director / CEO Ertan Isen

Manager John Wantz

Manager Legal & Corporate Officer Manuela Dietrich

SWITZERLAND SINCE 1988

CEO & Delegate Peer Bender

Managing Director Sales André N. Lagler

Managing Director Marketing Michael Teperski

Chief Financial Officer Lukas Jegher

GERMANY SINCE 1981

Managing Director / CEO Kai Bender

Chief Customer Officer Claudia Schön

Accounting & IT Michael Eller

USA SINCE 1985

President / CEO Greg W. Wilson

Head of Accounting Carole Hoffman

Director Hospitality Michael Troglin

Director Acquisition Michael Denton

1999Establishment of ACRON (Schweiz) AG, trading as ACRON AG since 2006.

1999Formation of ACRON (USA) L.P. with Greg W. Wilson, President of the company.

2012ACRON do Brasil, headquartered in São Paulo, launches operations in Brazil.

2011Establishment ofACRON Lux Invest S.à r.l. in Luxembourg, Luxembourg.

1999Establishment of ACRON U.S. Management, Inc. in Dallas, Texas, and Tulsa, Oklahoma.

ACRON GROUP SINCE 1981

Chairman Klaus W. BenderVice President Norbert KettererCEO & Delegate Peer BenderMember Kai BenderMember Jürg Greter

ZÜRICH LUXEMBOURG DÜSSELDORF DALLAS SÃO PAULO

ACRON LUX INVEST S.À R.L. 121, avenue de la Faïencerie 1511 Luxembourg, Luxembourgphone +352 278 583 88fax +352 278 583 89info@acron.luwww.acron.lu

ACRON GMBHGrafenberger Allee 29540237 Düsseldorf, Germanyphone +49 (0)211 91 24 100fax +49 (0)211 91 24 200info@acron.dewww.acron.de

ACRON AGSplügenstrasse 148002 Zurich, Switzerlandphone +41 (0)44 204 34 00fax +41 (0)44 204 34 09info@acron.chwww.acron.ch

ACRON US HOLDING CORP.,ACRON (USA) L.P.2424 E. 21st Street, Ste. 150Tulsa, Oklahoma 74114, USAphone +1 918 587 9901fax +1 918 587 9903info@acronusa.comwww.acronusa.com

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“IT TAKES 20 YEARS TO BUILD A

REPUTATION AND FIVE MINUTES TO RUIN IT.

IF YOU THINK ABOUT THAT, YOU’LL

DO THINGS DIFFERENTLY.”

WARREN BUFFET

ZÜRICH LUXEMBOURG DÜSSELDORF DALLAS SÃO PAULO