Focus on cash conversion and resolve remaining long

Vedder • Strong revenue growth: up 5% on H1 2017 to AED 161.3mn • EBIT margin of 12% up strongly on H1 2017 • Largest project to date secured in first half 2018

Revenue

All figures in (AEDmn)

EBIT EBIT Margin

• Revenue of AED 312.2mn • EBIT margin of 10% • Restructure of operations executed during H1 following a number of key management appointments • H1 2017 positively impacted by recovery of two major long outstanding receivables Depa Interiors

• Revenue of AED 121.2mn • EBIT margin of 14% up on H1 2017 margin of 6% following positive impact of sale of leasing rights • Strong project delivery in H1 2018 Deco Group

• Revenue of AED 248.2mn, up 39% on H1 2017 • EBIT margin of 3% • Strong revenue growth and significant backlog improvement during H1 2018 Design Studio

250 250 250 400

0 0 0 0 152.9 142.0 179.1 362.9

161.3 121.2 248.2 312.2

H1 2017 H1 2018 H1 2017 H1 2018 H1 2017 H1 2018 H1 2017 H1 2018 0 10 20 30 0 40 80 120 0 10 20 30 0 10 20 30

16.5 20.1 H1 2017 H1 2018 112.1

30.2 H1 2017 H1 2018 6.6 6.5 H1 2017 H1 2018 8.4 16.7 H1 2017 H1 2018 0% 5% 10% 15% 0% 10% 20% 30% 0% 5% 10% 15% 0% 5% 10% 15%

11% 31% 12% 14%