Common use of Summarised Forecast Financial Statements Clause in Contracts

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Development Bank is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 TARGET $ 000's 2013/14 FORECAST $ 000's REVENUE 3,015,058 3,205,731 OPERATING EXPENSES 3,025,946 3,315,751 NET SURPLUS/DEFICIT (10,888) (110,020) BALANCE SHEET AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 44,,500,627 43,288,800 LIABILITIES 37,850,673 38,127,958 NET WORTH 6,649,954 5,160,842 STATEMENT OF CASH FLOW 2014/15 TARGET $ 000's 2013/14 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 1,083,088 1,118,826 CASH FLOWS FROM INVESTING ACTIVIITES (15,546) (546) CASH FLOWS FROM FINANCING ACTIVIITES 1,188,434 1,110,541 6. OTHER FINANCIAL INFORMATION Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law (2013 Revision). TRANSACTION AMOUNT FOR 2014/15 $ Equity Investments into the Cayman Islands Development Bank 1,500,000 Capital Withdrawals from the Cayman Islands Development Bank - Dividend or Profit Distributions to be made by the Cayman Islands Development Bank - Government Loans to be made to the Cayman Islands Development Bank. - Government Guarantees to be issued in relation to the Cayman Islands Development Bank. 34,727,440 Related Party Payments (Non Remuneration) made to Key Management Personnel3 - Remuneration4 Payments made to Key Management Personnel 435,600 Remuneration Payments made to Senior Management (MD) 372,000 DESCRIPTION NUMBERS FOR 2014/15 $ NUMBER OF KEY MANAGEMENT PERSONNEL (BOARD) 5 NUMBER OF KEY SENIOR MANAGEMENT (MD) 4 3 Key Management Personnel as defined by International Public Accounting Standards No 20, e.g. Minister, Board Member and Senior Management Team 4 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Development Bank Airways Limited is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 TARGET $ 000's 2013/14 FORECAST $ 000's REVENUE 3,015,058 3,205,731 73,917,378 72,172,149 OPERATING EXPENSES 3,025,946 3,315,751 -73,906,814 -74,617,190 NET SURPLUS/DEFICIT (10,888) (110,020) 10,564 -2,445,041 BALANCE SHEET AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 44,,500,627 43,288,800 21,303,673 20,522,105 LIABILITIES 37,850,673 38,127,958 72,449,544 76,528,540 NET WORTH 6,649,954 5,160,842 -51,145,871 -56,006,435 STATEMENT OF CASH FLOW 2014/15 TARGET $ 000's 2013/14 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 1,083,088 1,118,826 2,773,876 3,580,438 CASH FLOWS FROM INVESTING ACTIVIITES (15,546) (546) -1,500,526 -372,055 CASH FLOWS FROM FINANCING ACTIVIITES 1,188,434 1,110,541 223,280 -2,038,709 6. OTHER FINANCIAL INFORMATION Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law (2013 Revision). TRANSACTION AMOUNT FOR 2014/15 $ Equity Investments into the Cayman Islands Development Bank 1,500,000 Airways Limited 4,850,000 Capital Withdrawals from the Cayman Islands Development Bank - Airways Limited. 0 Dividend or Profit Distributions to be made by the Cayman Islands Development Bank - Airways Limited. 0 Government Loans to be made to the Cayman Islands Development BankAirways Limited. - 0 Government Guarantees to be issued in relation to the Cayman Islands Development BankAirways Limited. 34,727,440 Up to CI$19M for CIG approved borrowing to address informal debt (possible) Related Party Payments (Non Remuneration) made to Key Management Personnel3 - Remuneration4 Payments Personnel 0 Remuneration payments made to Key key Management Personnel 435,600 0 Remuneration Payments made to Senior Management (MD) 372,000 DESCRIPTION NUMBERS 1,280,000 NUMBER FOR 2014/15 $ NUMBER OF KEY MANAGEMENT PERSONNEL (BOARD) 5 NUMBER OF KEY SENIOR MANAGEMENT (MD) 4 3 Number of Key Management Personnel as defined by International Public Accounting Standards No 20, e.g. Minister, Board Member and 6 Number of Senior Management Team 4 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)14

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Development Bank Airways Limited 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 3,015,058 3,205,731 72,513,978 68,688,749 OPERATING EXPENSES 3,025,946 3,315,751 72,496,231 74,740,237 NET SURPLUS/DEFICIT (10,888) (110,020) 17,746 -6,046,912 BALANCE SHEET AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's AS AT JUNE 2013 $ 000's ASSETS 44,,500,627 43,288,800 22,089,210 21,043,145 LIABILITIES 37,850,673 38,127,958 75,632,858 79,704,539 NET WORTH 6,649,954 5,160,842 -53,543,648 -58,661,394 STATEMENT OF CASH FLOW 2014/15 2013/14 TARGET $ 000's 2013/14 2012/13 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 1,083,088 1,118,826 2,158,860 4,166,945 CASH FLOWS FROM INVESTING ACTIVIITES (15,546) (546) -3,766,140 -2,494,293 CASH FLOWS FROM FINANCING ACTIVIITES 1,188,434 1,110,541 1,262,988 5,825,480 6. OTHER FINANCIAL INFORMATION Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law (2013 2012 Revision). TRANSACTION AMOUNT FOR 2014/15 2013/14 $ Equity Investments into the Cayman Islands Development Bank 1,500,000 Airways Limited 1,600,000 Capital Withdrawals from the Cayman Islands Development Bank - Airways Limited. 0 Dividend or Profit Distributions to be made by the Cayman Islands Development Bank - Airways Limited. 0 Government Loans to be made to the Cayman Islands Development BankAirways Limited. - 0 Government Guarantees to be issued in relation to the Cayman Islands Development BankAirways Limited. 34,727,440 Up to CI$19M for CIG approved borrowing to address informal debt (possible) Related Party Payments (Non Remuneration) made to Key Management Personnel3 - Remuneration4 Payments Personnel 0 Remuneration payments made to Key key Management Personnel 435,600 728,000 Remuneration Payments made to Senior Management (MD) 372,000 DESCRIPTION NUMBERS 1,280,000 NUMBER FOR 2014/15 $ NUMBER OF KEY MANAGEMENT PERSONNEL (BOARD) 5 NUMBER OF KEY SENIOR MANAGEMENT (MD) 4 3 2013/14 Number of Key Management Personnel as defined by International Public Accounting Standards No 20, e.g. Minister, Board Member and 9 Number of Senior Management Team 4 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)14

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Development Bank Airport Authority 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 3,015,058 3,205,731 26,934,463 26,081,669 OPERATING EXPENSES 3,025,946 3,315,751 21,976413 21,036,027 NET SURPLUS/DEFICIT (10,888) (110,020) 4,958,051 5,045,642 BALANCE SHEET AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's AS AT JUNE 2013 $ 000's ASSETS 44,,500,627 43,288,800 76,165,580 73,993,935 LIABILITIES 37,850,673 38,127,958 11,511,947 10,152,724 NET WORTH 6,649,954 5,160,842 64,653,633 63,841,211 STATEMENT OF CASH FLOW 2014/15 2013/14 TARGET $ 000's 2013/14 2012/13 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 1,083,088 1,118,826 76,165,580 73,993,935 CASH FLOWS FROM INVESTING ACTIVIITES (15,546) (546) 11,511,947 10,152,724 CASH FLOWS FROM FINANCING ACTIVIITES 1,188,434 1,110,541 64,653,633 63,841,211 6. OTHER FINANCIAL INFORMATION Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law (2013 2012 Revision). TRANSACTION AMOUNT FOR 2014/15 2013/14 $ Equity Investments into the Cayman Islands Development Bank 1,500,000 CIAA $0 Capital Withdrawals from the Cayman Islands Development Bank - CIAA $0 Dividend or Profit Distributions to be made by the Cayman Islands Development Bank - CIAA. $0 Government Loans to be made to the Cayman Islands Development BankCIAA. - $0 Government Guarantees to be issued in relation to the Cayman Islands Development Bank. 34,727,440 CIAA $0 Related Party Payments (Non Remuneration) made to Key Management Personnel3 - Remuneration4 Personnel1 $0 Remuneration2 Payments made to Key Management Personnel 435,600 $1,047,152 Remuneration Payments made to Senior Management (MD) 372,000 $1,032,872 DESCRIPTION NUMBERS FOR 2014/15 $ 2013/14 NUMBER OF KEY MANAGEMENT PERSONNEL (BOARD) 5 20 NUMBER OF KEY SENIOR MANAGEMENT (MD) 4 3 9 1 Key Management Personnel as defined by International Public Accounting Standards No 20, e.g. eg Minister, Board Member and Senior Management Team 4 2 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Development Bank Airports Authority 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 3,015,058 3,205,731 26,934,463 26,081,669 OPERATING EXPENSES 3,025,946 3,315,751 21,976413 21,036,027 NET SURPLUS/DEFICIT (10,888) (110,020) 4,958,051 5,045,642 BALANCE SHEET AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's AS AT JUNE 2013 $ 000's ASSETS 44,,500,627 43,288,800 76,165,580 73,993,935 LIABILITIES 37,850,673 38,127,958 11,511,947 10,152,724 NET WORTH 6,649,954 5,160,842 64,653,633 63,841,211 STATEMENT OF CASH FLOW 2014/15 2013/14 TARGET $ 000's 2013/14 2012/13 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 1,083,088 1,118,826 76,165,580 73,993,935 CASH FLOWS FROM INVESTING ACTIVIITES (15,546) (546) 11,511,947 10,152,724 CASH FLOWS FROM FINANCING ACTIVIITES 1,188,434 1,110,541 64,653,633 63,841,211 6. OTHER FINANCIAL INFORMATION Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law (2013 2012 Revision). TRANSACTION AMOUNT FOR 2014/15 2013/14 $ Equity Investments into the Cayman Islands Development Bank 1,500,000 CIAA $0 Capital Withdrawals from the Cayman Islands Development Bank - CIAA $0 Dividend or Profit Distributions to be made by the Cayman Islands Development Bank - CIAA. $0 Government Loans to be made to the Cayman Islands Development BankCIAA. - $0 Government Guarantees to be issued in relation to the Cayman Islands Development Bank. 34,727,440 CIAA $0 Related Party Payments (Non Remuneration) made to Key Management Personnel3 - Remuneration4 Personnel1 $0 Remuneration2 Payments made to Key Management Personnel 435,600 $1,047,152 Remuneration Payments made to Senior Management (MD) 372,000 $1,032,872 DESCRIPTION NUMBERS FOR 2014/15 $ 2013/14 NUMBER OF KEY MANAGEMENT PERSONNEL (BOARD) 5 20 NUMBER OF KEY SENIOR MANAGEMENT (MD) 4 3 9 1 Key Management Personnel as defined by International Public Accounting Standards No 20, e.g. eg Minister, Board Member and Senior Management Team 4 2 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)