Embassy Property Developments Ltd Corporate Profile

STRICTLY CONFIDENTIAL

Embassy Property Developments Ltd

February 2011

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Disclaimer

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to Embassy Property Developments Limited’s (the “Company”) general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. The merit and suitability of investment in the Company should be independently determined by investors. Any such investment should involve an assessment of the legal, tax, accounting, regulatory, financial, credit and other related aspects.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. This presentation is confidential and may not be copied or disseminated in any manner.

These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities have not been or will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”). Accordingly, the securities are being offered and sold only (i) in offshore transactions in reliance on Regulation S under the U.S. Securities Act and (ii) to institutions in the United States that are “qualified institutional buyers” as defined in Rule 144A, that agree to comply with the transfer restrictions as will be set forth in the Preliminary Offering Memorandum. Prospective purchasers in the United States are hereby notified that the sellers of securities offered may be relying on the exemption from the registration requirements under Section 5 of the Securities Act provided by Rule 144A.

This presentation is only addressed to and directed at persons in member states of the European Economic Area who are “qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) (“Qualified Investors”). In addition, in the United Kingdom, this presentation is directed only at Qualified Investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and Qualified Investors falling within Article 49(2)(a) to (d) of the Order, and (ii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as “Relevant Persons”). This presentation must not be acted on or relied upon (i) in the United Kingdom, by persons who are not Relevant Persons, or (ii) in any member state of the European Economic Area other than the United Kingdom, by persons who are not Qualified Investors. Any investment or investment activity to which this presentation relates is available only to (i) in the United Kingdom, Relevant Persons, and (ii) in any member state of the European Economic Area other than the United Kingdom, Qualified Investors, and will be engaged in only with such persons. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and the draft or final offer document and, if given or made, such information or representation must not be relied upon as having been authorized by the Company, the BRLMs or the Co-BRLMs.

The Company is proposing, subject to market conditions and other considerations, a public issue of its equity shares in India and has filed a Draft Red Herring Prospectus with Securities Exchange Board of India.

Any decision to purchase securities, should be made solely on the basis of the information contained in the Red Herring Prospectus and Preliminary Offering Document published in relation to an offering of securities.

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Embassy Group – Leading real estate developer in India

25-year long track record along with our promoters

29.0 msft of completed commercial, residential and retail space

Leading IT/ITeS space providers in India

Strong tenant relationships

Growing presence in Southern and Western India and focus on Malaysia and Serbia internationally

Strong asset base and near to medium term cash flow generating potential

Ongoing and Proposed Projects worth 89.9 msft of Developable Area

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Embassy at a glance1

Commercial

Completed Projects: 22.0 msft3

Ongoing Projects: 36.9 msft

Proposed Projects: 20.2 msft

Total Ongoing and Proposed Projects: 57.2 msft

Residential

Completed Projects: 5.3 msft




Retail





Hospitality




Services2

Provides property management services such as security, housekeeping, transportation services and equipment maintenance

Note:1 All area mentioned above represent Developable Area2 Embassy Services Private Limited is a Group Entity of EPDL3 Includes 1 healthcare development – Columbia Asia Hospital in Kirloskar Business Park

Services

Completed Projects: 29.0 msftOngoing and Proposed Projects: 89.9 msft

Pine Hurst Embassy Meadows Victoria Embassy, CBD Bangalore

Cypress Point Embassy Woods Embassy Galaxy Mall, Residency Road

Hilton Residences

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25-year long track record along with our promoters

Key success factors

Expertise to acquire developable land at right location / price

Capability to deliver to international standards

Strong relationship with funding agencies like HDFC, SBI etc.

Long-standing relationships with key service providers with some relationships spanning over 20 years

Demonstrated scalability as a result of outsourcing of non-core functions

Property management function to keep in touch with clients 24/7

1

1

delivery of 29 msft of cumulative developed area over the last 25 years…

…with an average annual delivery of 4.7 msft over the last 4 years

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Strong client base contributing to repeat business

Strong relationships with tenants have resulted in repeat business1 of over 52%2

Notes:1 Repeat business refers to the total Gross Leasable Area occupied by a tenant pursuant to one or more lease agreements entered into subsequent to the initial lease agreement between

the tenant and the Company, its Subsidiaries, Associates and joint venture entities2 Data as of April 30, 2010

0.0

0.3

0.6

0.9

1.2

1.5

2003 2004 2005 2006 2007 2008 2009 2010

Gro

ss L

easa

ble

Are

a (m

sft)

Embassy Golflinks Manyata Embassy Embassy TechZone, Pune

0.27

0.42 0.47

0.730.61

0.40

0.18

1.43

2

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Case study:

Preferred IT space provider for IBM in India

4.51 msft leased out over 8 years

Spread across 15 projects in three business parks – Embassy Golflinks Business Park, Manyata Embassy Business Park and Embassy TechZone, Pune

Delivery of commercial space to IBM1

Notes:

1 Year represents calendar year

2 As of 30 April 2010

Strong client base contributing to repeat business

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Key highlights

Located on the periphery of the CBD just off the Inner Ring Road, is one of the most accessible and centrally located business parks in the city

– 60-acre land parcel with 6.33 msft of developable area

Bounded by golf course and wooded lands owned by the government

One of the Largest operational business park in India

Rated by ‘Economic Times’ as one of Top 10 properties in India

Complete space leased in 36 months from commencement

World-class infrastructural support

Embassy Golflinks Business Park, Bangalore

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Embassy Golflinks Business Park – Master Plan

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Embassy Golflinks Business Park

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Key tenants

1,193,453

478,833

339,493

326,359

324,920

291,893

283,231

274,709

271,779

Gross Leasable Area (sft)Tenant

IBM

Yahoo!

NetApp

Microsoft

24/7 Customer

ANZ

McAfee

Computer Science Corporation

Fidelity

Supporting facilities

Food courts

‘Hilton Residence’ - service apartments

500 seat amphitheater

Banking facilities

Convenience store and forex outlets

Prayer facilities

24x7 Doctor & Ambulance

Day care centre

CCTV surveillance

Key statistics

No. of Completed Projects - 23

Total Developable Area of Completed Projects - 6.19 msft

Total Developable Area of Ongoing Projects - 0.14 msft

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Key highlights

Spread over 110.49 acres of land in the northern quadrant of the Outer Ring Road with a Developable Area of 18.29 msft

7.85 msft delivered and operational as of 30 April 2010

Located closest to new international airport on the ring road connecting all parts of city

Integrated project - residential, hotel, recreation and retail facilities

Manyata Embassy Business Park, Bangalore

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Manyata Embassy Business Park – Master Plan

SEZ area

non SEZ area

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Manyata Embassy Business ParkKey tenants

Key statistics

3,020,680

828,106

711,613

467,150

418,443

406,532

340,789

254,377

207,480


No. of Completed Projects

– 17

Total Developable Area of Completed Projects

– 7.85 msft

Total Developable Area of Ongoing Projects

– 10.44 msft

IBM

Nokia Siemens Networks

Cognizant

ANZ

Alcatel-Lucent

Target

Cerner

Supervalu

Fidelity


Food court

500 seat amphitheater

Banking facilities

Supporting retail services

24x7 Ambulance

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Business Parks - Infrastructure

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We have taken all measures to provide world class infrastructure and the best of amenities at our business parks. We understand the importance of security and thus have implemented the latest security and surveillance systems to ensure high safety standards

Highly secured entrance plazas

OFC/HDD infra

CCTV surveillance

heavy duty barriers

electronic under vehicle scanners

boom barriers

Security patrol vehicle

Dog squad

Mass Transport Facilities

Notes:1 Infrastructure Development works stated here are implemented at Embassy Golflinks Business Park and Manyata Embassy

Business Park. These are proposed to be followed at the other business parks too.

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Key highlights

Located within Phase 2 of Rajiv Gandhi Infotech Park, Hinjewadi, Pune

– situated in close proximity to the Mumbai-Pune expressway and is easily accessible from the city centre

Spread over 68.03 acres of land of which 42.3 acres is a notified SEZ and 26.73 acres is under the domestic tariff regime

– total Developable Area of 7.54 msft

As of 30 April 2010, 0.95 msft is completed and operational with 1.64 msft is currently under construction


Multi cuisine food court

Visitor car parking

24/7 ambulance facility

ATMs

Training Centre

Key occupants

Embassy TechZone, Pune

Key statistics

No. of Completed Projects: 2

Total Developable Area of Completed Projects: 0.95 msft

Total Developable Area of Ongoing Projects: 6.59 msft

298,437

193,102

137,385

115,197

27,718


IBM

Synechron

Geometric

Atos Origin

Mahindra Engineering

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Embassy TechZone, Pune – Master Plan

SEZ

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Key highlights

Joint venture with Azikaf Sdn Bhd ("Azikaf"), a member of the Emkay Group, of Malaysia

Embassy’s first real estate development outside of India

Located within the flag ship zone of Cyberjaya, a 17,000-acre development of the Government of Malaysia to promote IT and ITES industries

Business park located on a 47.62-acre land parcel with Developable Area of 4.58 msft

– 1.3 msft completed and sold

– 0.75 msft currently under construction

Cyberjaya is designated as a part of the “Multimedia Super Corridor (MSC)”, an initiative which brings substantial benefits to the occupants

Location plan

MKN Embassy TechZone, Malaysia

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Block I

Block J

Block I

Blocks A&B

MLCP – ABlock J

MLCP – A

Layout – MKN Embassy TechZone, Malaysia

Embassy Techzone, Serbia

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Embassy Techzone, Serbia

Embassy TechZone, Serbia will be a business park in Indija, Serbia.

Construction is expected to commence by Q2 2011

FM Global compliant project ; buildings to be gold standard of the LEED Green Building Rating System.

The project will be located on a 123.27 acres of land parcel and will comprise of IT and ITES oriented work spaces with a total built-up of 1 msft in the first tranche

Ground + 1 office floor + 1 technical floor structure

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Embassy Techzone, Serbia – Phase I Master Plan

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Embassy Techzone, Serbia – Block A Floor Plan

G+2 structure

Average Floor Plate – 50,000 sft approx.

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Embassy Techzone, Serbia – Perspective

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Contact Information

Embassy Point

150, Infantry RoadBangalore - 560001IndiaTel: +91-80-4179-9999Fax: +91-80-2228-6912

www.embassyindia.com