wesDA ConsultingGroup

Company Presentation

Agenda

• wesDA Consulting Group• Mission, Business Principles, Guide Lines• Divisions of wesDA Consulting • References / Cooperation / Media, Press• Executive Management

wesDA Consulting

wesDA Consulting Group (wesDA Consulting) is a real estate and consulting group of companies with an impressive track record specialized in

– Privatization of corporate and residential real estate– Compulsory auction and receivership of real estate in

connection with distressed loan portfolios– Project management and advisory services for

insurances and capital investments– Real estate brokerage in the rural districts of Diepholz,

Oldenburg and Bremen

Mile Stones

1994: Foundation in Bassum as a merger out of a variety of different real estate, insurance and financial services companies

2002: Grand Opening of the new Head Office in Bassum

2005: More than 5.000 compulsory auctions since the formation of the company

2006: In total more than 12 wesDA Consulting branch offices in Hamburg, Schwerin, Stralsund, Neustrelitz, Magdeburg, Berlin, Dresden, Leipzig, Erfurt, Kassel, Bielefeld, Essen

Network Partners

• Notariat Bohlen und Freise, Syke

• Prof. Dr. Ing. H. Borgmann (FRICS), Berlin

• BWE Beratungs- und Kompetenzzentrum, Syke

• filia – Erste Grundstücks- Verwaltungs- und Handelsgesellschaft, Bassum

Agenda

• wesDA Consulting Group• Mission, Business Principles, Guide Lines• Divisions of wesDA Consulting • References / Cooperation / Media, Press• Executive Management

Mission

“Small but smart”We are small enough to know our clients personally, but powerful and

smart enough to accomplish their ambitious goals.

Our approach is two folded: a. we focus on the essentials and b. we are only interested if we can deliver extraordinary results to our

customers. An ideal precondition for the success of our clients.

With a wide network of specialists we are able to cover a wide range of services and deliver high quality.

Business Principles

Our clients´ interest is always in the middle of our thinking

Every situation, every problem of our clients require an individual solution

We deliver results

We act with passion and perfection combined with high integrity, openness and respect to others

Guide Lines

High educational standards of all of our employees and service providers combined with competence, team spirit, professionalism and focus on the set targets

We think outside of the box and have the desire to succeed and add value to the work of our clients

If we serve our clients well, our own success will follow

Agenda

• wesDA Consulting Group• Mission, Business Principles, Guide Lines• Divisions of wesDA Consulting• References / Cooperation / Media, Press• Executive Management

Divisions of wesDA ConsultingTo meet the market requirementswesDA Consulting identified the following 6 areas ofinterest (Divisions):

1. Privatization / Brokerage2. Loan / Risk Management3. Project Management4. Financing / Banking5. Management Consulting6. Insurance / Capital Investment

Organizational Chart

Privatization / Brokerage

Description: Privatization is not a task on its own. Employers, tenants and service providers have to cooperate. This is the creation of wealth for the new owners. Social aspects have to be considered as well.

Approach: - Analyzing the assets- Developing a business plans- Restructuring- Tenant Advise- Sale to owners / occupiers- Sale to capital investors

Privatization / Brokerage

Results: Our privatization rate is around 70%

(Average rate in Germany: 40%)

Sale to semi-professionals and to professionals is very successful

Sale of larger residential portfolios of public housing companies is more difficult but very encouraging

Loan / Risk Management

Description: Sale by court order and receivership of single / multiple family dwellings and housings estates on request of banks

Approach: Outsourcing agreement with lendersAssessment of the real estateRestructuringReceivershipAdvertisement of the real estateNegotiations with potential purchasers

Loan / Risk Management

Results: More than 5.000 successfully managed forced sales since the formation of the company

Realization of approx. 100% of the value in well established areas like Hamburg, Bremen, Berlin

In average realization of approx. 50% of the value in the New States of Germany

Project Management

Description: No property development on its own. Property development only in conjunction with loan / risk management. wesDA Consulting is taking over the general management and marketing role

Approach: Definition of the property development role with banksOutsourcing conceptDisposition plan

Project Management

Results: Acquisition of non marketable assets through companies who belong to the wesDA consulting Group

Enhancement of the land through property development (e.g. refurbishment of the building etc.)

Sale of the refurbished / redeveloped property

Financing / Banking

Description: Conclusion of financing arrangements in conjunction with property development projects

Approach: Renegotiation of bank loans

Cooperation with mortgage banks

Analysis, management and application on behalf of our clients for subsidies granted by European Union, Germany, public banks, utility companies etc.

Financing / Banking

Results: Conclusion of many financing arrangement especially in a sequestration

Close cooperation with German banks and insurance companies e.g.

- Deutscher Herold AG- BHW, Bausparkasse AG- Deutsche Bank AG

Management Consulting

Description: Financial engineering, human resources management and tax advice through wesDA Consulting and their preferred network partners

Approach: Review of budgets and financing arrangementsAdvice and renegotiation of existing contracts (architects, engineers, etc.)Advice and selection of potential candidates for full time employees Interim management

Management Consulting

Results: Risk Management advice for companies in difficult situations (restructuring, liquidity etc.)

Interim and Project Management

Workshops / Coaching on restructuring issues

Insurance / Capital InvestmentDescription: Independent insurance brokerage with

a focus to real estate financing. Representation of German capital investment companies

Approach: Analysis of a need for insurance cover

Independent Brokerage for a variety of insurance companies and capital investment companies

Insurance / Capital InvestmentResults: Significant customer clientele in the areas of

insurance cover and capital investments

Close cooperation with German banks and insurance companies e.g.

- BHW Bausparkasse AG

- Deutsche Bank AG

- LSH – Versicherungen

Agenda

• wesDA Consulting Group• Mission, Business Principles, Guide Lines• Divisions of wesDA Consulting• References / Cooperation / Media, Press• Executive Management

References

• Dun & BradstreetDeutschland GmbH, Darmstadt

• Verband der Vereine Creditreform e.V., Neuss • Bürgel Wirtschaftsinformationen

GmbH & Co. KG, Hamburg

Constantly positive rating from all three rating companies. On request we happily provide your with a copy of the rating report

Cooperation

• Deutscher Herold AG• BHW Bausparkasse AG • Deutsche Bank AG• LSH – Versicherungen• LKH – Versicherungen• LLH – Versicherungen

Media / Press05.03.2006 Weser-Report

Banken drängen zu wenig auf Sanierung18.01.2006 Trade Fair, Bassum

“Bauforum“ in Bassum – Energiesparen und Modernisieren

08.12.2005 FWW Die Optimierer01.12.2005 Immobilien-Zeitung

Problemkredite bescheren Krisenmanagern satte Gewinne

28.05.2005 Spiegel- TV “Haus unter dem Hammer“ Reportage zeigt Arbeit der Immobilienverwerter aus Bassum

19.04.2005  Kreiszeitung Zwangsverwaltung hat Gebäude-Erhalt zum Ziel

16.04.2005  Real-Estate Association Eigenheim-Traum ermöglichen

12.03.2005  Association ofForced AdministratorsZWANGSVERWALTER für Immobilien

03.11.2004  Kreiszeitung Zwangsversteigerung in Nahaufnahme.

Agenda

• wesDA Consulting Group• Mission, Business Principles, Guide Lines• Divisions of wesDA Consulting• References / Cooperation / Media, Press• Executive Management

Executive Management

Günther MeyerFounder, Chairmanand CEO wesDA Consulting

More than 20 years of banking experience, real-estate financingSet up and Head of a Work-Out Department in a well-known Mortgage-Bank German Real Estate Appraiser since 1980Diplom-Betriebswirt, Diplom-Ökonom

Executive Management

Maik DannemannFounder andCFO wesDA Consulting

Certified Real Estate ManagerCertified German AppraiserCertified Receiver (IHK)Actuary (BWV)

Thank you for your attention

For further information:

Head OfficeAm Damm 427211 BassumTel.: 04241 / 9219 - 0

Fax: 04241 / 9219 - 19

www.wesda.de