Common use of Summarised Forecast Financial Statements Clause in Contracts

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 TARGET $ 000's 2013/14 FORECAST $ 000's REVENUE 28,524,393 27,124,936 OPERATING EXPENSES 20,592,325 21,877,468 NET SURPLUS/DEFICIT 7,932,068 5,247,468 BALANCE SHEET AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 84,536,904 76,953,692 LIABILITIES 8,087,003 8,801,175 NET WORTH 76,449,905 70,435,527 STATEMENT OF CASH FLOW 2014/15 TARGET $ 000's 2013/14 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,328,573 7,098,086 CASH FLOWS FROM INVESTING ACTIVIITES -2,977,055 -1,159,268 CASH FLOWS FROM FINANCING ACTIVIITES -35,764 -33,020

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority Development Bank is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 2013/14 TARGET $ 000's 2013/14 2012/13 FORECAST $ 000's REVENUE 28,524,393 27,124,936 3,205,731 3,070,896 OPERATING EXPENSES 20,592,325 21,877,468 3,315,751 3,635,424 NET SURPLUS/DEFICIT 7,932,068 5,247,468 (110,020) (564,528) BALANCE SHEET AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's AS AT JUNE 2013 $ 000's ASSETS 84,536,904 76,953,692 43,288,800 42,124,964 LIABILITIES 8,087,003 8,801,175 38,127,958 38,354,102 NET WORTH 76,449,905 70,435,527 5,160,842 3,770,862 STATEMENT OF CASH FLOW 2014/15 2013/14 TARGET $ 000's 2013/14 2012/13 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,328,573 7,098,086 1,118,826 2,066,311 CASH FLOWS FROM INVESTING ACTIVIITES -2,977,055 -1,159,268 (546) (1,698) CASH FLOWS FROM FINANCING ACTIVIITES -35,764 -33,0201,110,541 640,487

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority Development Bank is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's REVENUE 28,524,393 27,124,936 2,701,960 3,015,058 OPERATING EXPENSES 20,592,325 21,877,468 2,735,932 3,025,946 NET SURPLUS/DEFICIT 7,932,068 5,247,468 (33,972) (10,888) BALANCE SHEET AS AT JUNE 2016 $ 000's AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 84,536,904 76,953,692 39,806,377 38,592,629 LIABILITIES 8,087,003 8,801,175 29,290,395 29,542,675 NET WORTH 76,449,905 70,435,527 10,515,982 9,049,954 STATEMENT OF CASH FLOW 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,328,573 7,098,086 (118,575) 1,083,088 CASH FLOWS FROM INVESTING ACTIVIITES -2,977,055 -1,159,268 (546) (15,546) CASH FLOWS FROM FINANCING ACTIVIITES -35,764 -33,020(1,188,434) (4,719,566) CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority Development Bank is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's REVENUE 28,524,393 27,124,936 2,701,960 3,015,058 OPERATING EXPENSES 20,592,325 21,877,468 2,735,932 3,025,946 NET SURPLUS/DEFICIT 7,932,068 5,247,468 (33,972) (10,888) BALANCE SHEET AS AT JUNE 2016 $ 000's AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 84,536,904 76,953,692 39,806,377 38,592,629 LIABILITIES 8,087,003 8,801,175 29,290,395 29,542,675 NET WORTH 76,449,905 70,435,527 10,515,982 9,049,954 STATEMENT OF CASH FLOW 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,328,573 7,098,086 (118,575) 1,083,088 CASH FLOWS FROM INVESTING ACTIVIITES -2,977,055 -1,159,268 (546) (15,546) CASH FLOWS FROM FINANCING ACTIVIITES -35,764 -33,020(1,188,434) (4,719,566)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority Airways Limited is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's REVENUE 28,524,393 27,124,936 72,828,237 72,775,292 OPERATING EXPENSES 20,592,325 21,877,468 (71,875,075) (71,776,154) NET SURPLUS/DEFICIT 7,932,068 5,247,468 953,162 999,138 BALANCE SHEET AS AT JUNE 2016 $ 000's AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 84,536,904 76,953,692 28,525,555 25,317,738 LIABILITIES 8,087,003 8,801,175 67,145,064 69,990,410 NET WORTH 76,449,905 70,435,527 38,619,509 44,672,672 STATEMENT OF CASH FLOW 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,328,573 7,098,086 5,516,266 (2,092,851) CASH FLOWS FROM INVESTING ACTIVIITES -2,977,055 -1,159,268 (6,539,372) (700,715) CASH FLOWS FROM FINANCING ACTIVIITES -35,764 -33,020878,416 2,882,753

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's REVENUE 28,524,393 27,124,936 33,115 29,496 OPERATING EXPENSES 20,592,325 21,877,468 22,537 19,962 NET SURPLUS/DEFICIT 7,932,068 5,247,468 10,578 9,534 BALANCE SHEET AS AT JUNE 2016 $ 000's AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 84,536,904 76,953,692 92,160 79,868 LIABILITIES 8,087,003 8,801,175 20,147 18,432 NET WORTH 76,449,905 70,435,527 72,013 61,435 STATEMENT OF CASH FLOW 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,328,573 7,098,086 13,121 13,845 CASH FLOWS FROM INVESTING ACTIVIITES -2,977,055 -1,159,268 (27,591) (5,147) CASH FLOWS FROM FINANCING ACTIVIITES -35,764 -33,020(21) (21)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's REVENUE 28,524,393 27,124,936 33,115 29,496 OPERATING EXPENSES 20,592,325 21,877,468 22,537 19,962 NET SURPLUS/DEFICIT 7,932,068 5,247,468 10,578 9,534 BALANCE SHEET AS AT JUNE 2016 $ 000's AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 84,536,904 76,953,692 92,160 79,868 LIABILITIES 8,087,003 8,801,175 20,147 18,432 NET WORTH 76,449,905 70,435,527 72,013 61,435 STATEMENT OF CASH FLOW 2014/15 2015/16 TARGET $ 000's 2013/14 2014/15 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,328,573 7,098,086 13,121 13,845 CASH FLOWS FROM INVESTING ACTIVIITES -2,977,055 -1,159,268 (27,591) (5,147) CASH FLOWS FROM FINANCING ACTIVIITES -35,764 -33,020(21) (21) CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS