02 & 03

LIBRA GROUP

04 INTRODUCTION 06 REGIONAL VISION 08 SHIPPING 20 ENERGY

12 HOTELS AND HOSPITALITY

24 REAL ESTATE

32 LIBRA HIGHLIGHTS 33 GROUP OF COMPANIES

16 AVIATION

28 DIVERSIFIED INVESTMENTS

AN INTERNATIONAL BUSINESS GROUP

04 & 05

LIBRA GROUP

These lessons continue to inspire and inform the strategic vision and global operations of our company today. Wherever we are in the world and in whatever sector, we try to bring a combination of honour, expertise and internationalism to everything we do. Careful analysis of cyclical markets is key to how we do business. Things change, sectors evolve and develop, politics can move, but we apply a consistent, strategic approach to investment and the world.

The Libra Group is an international business group formed in 2003, but its origins lie in our family shipping business, founded in 1976. The marine industry taught us three very important things about business. The first is integrity that turning family values into business ethics can be a genuine model for modern business. The second is diversity shipping needs a variety of vessel classes to serve a variety of needs. And the third is internationalism, because shipping is, by definition, a global business.

T o engage fully with this changing, fast-moving world needs an open mind, and the understanding that what was the case yesterday will not be the same tomorrow. To embrace change is to embrace opportunity.

This is a challenge for any business. It calls for dedication, energy and vision. Since our formation we have built a global real estate portfolio, established hotels on four continents, founded a major aviation leasing company, and continued to re-invest at scale in a modern, diverse shipping fleet, while also creating renewable energy businesses on both sides of the Atlantic. None of this has been possible without the talent and drive of our people. Recently we have established the Libra Global Internship programme which gives work experience opportunities to promising students who will become the leaders of the future. Their enthusiasm and potential embody the very core of our commitment to trade, talent and tomorrow. At Libra, we know each day brings new opportunities for our business and our people.
George M Logothetis Chairman and CEO Executive Vice Chairman Constantine M Logothetis

06 & 07

REGIONAL VISION
LIBRA GROUP

Location Sectors

Real Estate Hotels and Hospitality Transportation Energy Diversified Investments Holding Company

Wisconsin Miami
FCA Group

Los Angeles

FCA Group Principal Media

New York

Greenwood Energy

Libra Capital Lease Corporation International US Hotels Greenwood Energy FCA Group Palmerston Real Estate Peninsula Group

Maine

US Hotels

Dublin

Lease Corporation International

London

Libra Capital Libra Group Services Lomar Lease Corporation International Grace Hotels EuroEnergy Palmerston Real Estate LXM Group

Bremen
Lomar

Hamburg

Libra Group

Riga

EuroEnergy

Panama City
FCA Group Grace Hotels

Buenos Aires

First South American Amerisud Belgravia Land & Development Belgravia Properties Tanelenik

So Paulo

First South American

Bermuda

Libra Group Lomar

Athens

First Mediterranean Grace Hotels Aria Hotels EuroEnergy Mayfair Land & Development Greece Sothebys International Realty

Dubai

Aamina

Bangkok

First Oriental Thailand

Singapore

Beijing

St Petersburg

Mayfair Investments

First Oriental First Oriental Singapore Singapore Residential Lease Corporation International Lomar

Shanghai

Libra Group

Lomar (Q3 2012)

08 & 09

LIBRA'S FOUNDATION
SHIPPING
LIBRA GROUP

New economic and environmental imperatives mean that the fleets of tomorrow must embrace the very latest advances in design and technology to stay ahead.
George Logothetis, Chairman and CEO

LEGACY AND LATITUDE

SHIPPING

LIBRA GROUP

10 & 11

Our involvement in shipping over more than three decades has consistently revealed that it is subject to multiple concurrent business cycles on a global scale. Successful participation in the sub-cycles in shipping led us to create a diversified, complementary fleet of vessels. Close engagement with the market, including the formation of joint ventures with cargo interests, further influenced a macro level strategy which defines the Libra Group of today. Recognising the need to develop a future-ready fleet, we have recently placed orders for up to 18 new bulk carriers and container ships that exhibit the fuel-efficient technology and environmental benefits that the market will rightly demand in the years to come.

We have always maintained a long-term commitment to marine transportation. Between 2004 and 2007 our shipping subsidiary, Lomar, sold a total of 67 vessels and re-entered the market at scale in 2009 with the $325 million acquisition of the Allocean group and its 26-ship fleet. Since then the company has continued to develop and renew its portfolio and today, including vessels on order, has over 50 bulk carriers, container ships, offshore vessels, LPG, products and chemical tankers.

12 & 13

THE ART OF HOSPITALITY

HOTELS AND HOSPITALITY
LIBRA GROUP

The discerning target market for hotels is increasingly loyal to the values of individuality and innovation.
Constantine Logothetis, Executive Vice Chairman

14 & 15

Within five years, Grace Hotels has established itself on three continents and wins constant critical acclaim. Grace Mykonos and Grace Santorini in the Greek Islands have now been joined by Grace Beijing and Rhode Islands Vanderbilt Grace. Soon to open are Grace Panama in the heart of Panama City and, high in the mountains of Northern Argentina, the Grace Cafayate hotel and residential villas complex. The Grace brand is set for continued expansion across the globe. Meanwhile, Aria Hotels offers a collection of charming Greek island boutique hotels and holiday villas.

LOCATION AND LUXURY

LIBRA GROUP HOTELS AND HOSPITALITY

Our global hospitality business personifies the Libra Group commitment to the highest standards of quality and attention to detail. Our first hospitality investment, US Hotels, with a collection of properties in New England, continues to be commended by guests and critics alike. The White Barn Inn is regularly singled out as one of the finest hotels and restaurants in the USA. It has been joined by the Windham Hill Inn as a member of the exclusive Relais & Chteaux collection. These flagship properties are complemented by a wide range of individually branded hotels, restaurants, leisure, spa and conference facilities.

16 & 17

BREAKING NEW GROUND

AVIATION
LIBRA GROUP

The numerous challenges in international aviation require creativity and insight to seize opportunities and identify untapped demand.
Adamantios Tomazos, Chief Operating Officer

18 & 19

LCI takes a long-term view on investment based on insight and analysis that carefully aligns strategy with market dynamics. With an order for 20 aircraft valued at around US$1.4 billion, it is a launch customer for the Bombardier C Series and holds options for a further 20. In early 2012, LCI signed a US$400 million order with AgustaWestland for its new helicopter division, underlining its pioneering approach in breaking new ground with speed and agility.

AGILITY FOR CHANGING TIMES

LIBRA GROUP AVIATION

A global investment philosophy and keen market intelligence have defined the Libra Groups role in aviation leasing.

Launched in 2004, Lease Corporation International (LCI) has acquired modern aircraft with a value approaching US$5 billion and has rapidly developed a modern fleet of commercial aircraft and helicopters. The company strives to be one of the most innovative and flexible players in the world of aviation leasing. LCI has attracted international flag carriers and global names such as Singapore Airlines, British Airways, Iberia and Air France since inception.

20 & 21

SUSTAINABLE OPPORTUNITY
ENERGY
LIBRA GROUP

Balancing rising levels of energy consumption with a greater need for sustainable sources means that technological advances in the green energy sector are vitally important throughout the world, today and tomorrow.
Camilo Patrignani, Head of Americas

MEETING FUTURE NEEDS

ENERGY

LIBRA GROUP

22 & 23

The worlds growing need for energy is beyond doubt. The Libra Groups interests in this sector are based in Europe and the USA, two of the worlds most innovative regions for finding and supporting new ways of generating energy in the most sustainable and effective way possible. EuroEnergy builds, owns and operates solar parks, wind farms and biogas plants across Europe. Firm contracts with national governments and energy providers mean we support the Green Economy through local markets, helping to embed these new innovations as trusted and reliable sources of alternative energy. In the USA, Greenwood Energy is a modern provider of clean energy channels. In the waste-to-energy sector, it takes industrial by-products such as paper and card to repurpose into burn-ready pellets which are cleaner than coal, and have lower emissions than traditional fuels. In the clean power sector, Greenwood is an investor in generating facilities which include biomass, fuel cells, natural gas, and hydro among others. Our renewable energy interests bring together business sense and the responsible use of precious natural resources for the benefit of future generations.

Greenwoods operations range from a manufacturing facility in Green Bay, Wisconsin, to power generation plants across the USA, including a fuel cell power plant on the campus of Central Connecticut State University and a combined heat and power plant for the Millennium Hilton Hotel in Manhattan.

24 & 25

A GLOBAL STAGE
REAL ESTATE
LIBRA GROUP

Our strategy to invest in a real estate portfolio, diverse by sector and geography, is driven by careful observation of global cycles.
Charles Attlee, Group General Counsel

LOCAL INSIGHT, GLOBALLY

REAL ESTATE

LIBRA GROUP

26 & 27

Our worldwide real estate interests carefully combine a broadly long-term strategy focussed on established prime locations with selected opportunistic investments.

In 2011 our real estate interests in North America expanded significantly with the acquisition of close to 700 residential properties in Florida, a region with strong rental demand which we believe also exhibits an underlying potential for capital growth. In addition, the groups property management services division is highly complementary to its real estate businesses, both through generating revenue and maintaining value in our properties. Our commercial properties enjoy secure covenants from world-class tenants that seek the assurance that comes from partnering with a well-established, professional owner-operator.

Our portfolio of residential, commercial and retail properties is anchored in global economic hubs such as London, Manhattan, Buenos Aires, Panama City and Singapore. This includes more than three million square feet, both completed and under development, in Argentina.

28 & 29

BROAD PERSPECTIVE
DIVERSIFIED INVESTMENTS
LIBRA GROUP

Our core sectors provide us with focus, but not constraint, on the breadth of our strategic thinking and investment activity.
Gareth Zundel, Head of Communications

30 & 31

A RANGE OF INVESTMENTS
LIBRA GROUP DIVERSIFIED INVESTMENTS

Since its formation, the Libra Group has been alert to niche investment opportunities outside our core sectors. With principal efforts focussed on shipping, aviation, hospitality, real estate and energy, we nonetheless remain open to opportunities that meet our broad investment criteria. Such investments fall within our 'diversified' global business group. Our current wide-ranging interests include a media company in Los Angeles, a construction company in Argentina, and a financial services company based in London. Our investment teams apply their well-proven analytical expertise to identify and assess opportunities which expand the Libra Group's engagement with a diverse, global portfolio.

32 & 33

LIBRA GROUP COMPANIES

LIBRA GROUP

67

LIBRA HIGHLIGHTS
The sale of 67 vessels during the shipping upturn between 2004 and 2007 sowed the seeds of todays Libra Group. EuroEnergy has invested in biogas plants, solar energy parks and wind farms, and has operating and pipeline projects with a combined generating capacity of around 200 MW.

200 798

120 100

Grace Hotels brings its boutique hotel Principal Medias Emmy nominated concept to Asia with the opening of First Ascent is licensed for Grace Beijing in the Chinese capitals distribution in over 100 countries. iconic 798 Art District.

700

First Oriental purchased a portfolio of 120 residential properties in Singapore in 2004, the vast majority of which were sold three years later.

FCA Group currently owns and manages approaching 700 residential condominium units in the Miami and Tampa areas of Florida.

18

400

LCI has acquired commercial aircraft with a value approaching $5 billion since its inception. Lomar ordered up to 18 new design container ships and 'Ultramax' bulk carriers in the first half of 2012.

In 2012 LCI broke into the helicopter leasing market with a $400m order for AgustaWestland multi-purpose helicopters to be deployed in a range of offshore and other civilian uses throughout the world.

34 & 35

Libra Capital Limited 1314 Hobart Place London SW1W 0HH England

LIBRA GROUP

Tel: +44 20 7245 8700 Fax: +44 20 7245 0681 Tel: +86 10 6505 9510 Fax: +86 10 6505 9551

Libra Group China LLC China World Tower 1, Suite 2705 1 Jian Guo Men Wai Avenue Beijing 100004 P. R. China Email: office@libra.com www.libra.com

Libra Capital Limited Zippelhaus 3 20457 Hamburg Germany

Tel: +49 40 2260 2373 Fax: +49 40 2260 2374

Libra Capital US, Inc. 134 East 40th Street New York NY 10016 USA Tel: +1 212 957 4433 Fax: +1 212 957 4434

II.1