Common use of Summarised Forecast Financial Statements Clause in Contracts

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airport Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2006/7 Budget $ 2005/6 Forecast $ Revenue 21,789,328 20,147,663 Operating Expenses 17,439,408 16,224,663 Net Surplus/Deficit 2,309,920 2,449,000 Balance Sheet As at 30 June 2007 $ As at 30 June 2006 $ Assets 96,386,920 96,804,000 Liabilities 54,806,000 57,533,000 Net Worth 41,580,920 39,271,000 Statement of Cash Flows 2006/7 Budget $ 2005/6 Forecast $ Net cash flows from operating activities 1,682,920 3,840,000 Net cash flows from investing activities (4,000,000) (3,768,000) Net cash flows from financing activities 49,253,000 49,253,000

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airport Airports Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. : Operating Statement 2006/7 Budget 2011/12 Target $ 2005/6 2010/11 Forecast $ Revenue 21,789,328 20,147,663 22,944,448 22,397,258 Operating Expenses 17,439,408 16,224,663 19,234,631 18,493,258 Net Surplus/Deficit 2,309,920 2,449,000 3,654,817 4,326,578 Balance Sheet As at 30 June 2007 2012 $ As at 30 June 2006 2011 $ Assets 96,386,920 96,804,000 66,062,372 62,348,253 Liabilities 54,806,000 57,533,000 10,095,527 10,036,225 Net Worth 41,580,920 39,271,000 55,966,845 52,312,028 Statement of Cash Flows 2006/7 Budget 2011/12 Target $ 2005/6 2010/11 Forecast $ Net cash flows from operating activities 1,682,920 3,840,000 9,100,374 10,036,225 Net cash flows from investing activities (4,000,0006,252,300) (3,768,0007,117,832) Net cash flows from financing activities 49,253,000 49,253,0000 0 31 2011/12 Ownership Agreements

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airport Airports Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2006/7 Budget 2005/6 $ 2005/6 Forecast 2004/5 $ Revenue 21,789,328 20,147,663 14,191,000 Operating Expenses 17,439,408 16,224,663 10,722,000 Net Surplus/Deficit 2,309,920 2,449,000 2,469,000 3,469,000 Balance Sheet As at 30 June 2007 $ As at 30 June June 2006 2005 $ $ Assets 96,386,920 96,804,000 99.324,000 44,583,000 Liabilities 54,806,000 57,533,000 62,125,044 8,225,000 Net Worth 41,580,920 39,271,000 37,198,956 36,358,000 Statement of Cash Flows 2006/7 Budget 2005/6 $ 2005/6 Forecast 2004/5 $ Net cash flows from operating activities 1,682,920 3,840,000 3,860,000 7,966,000 Net cash flows from investing activities (4,000,0003,768,000) (3,768,0001,306,000) Net cash flows from financing activities 49,253,000 49,253,000(401,500)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airport Airports Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. : Operating Statement 2006/7 2010/11 Budget $ 2005/6 2009/10 Forecast $ $ Revenue 21,789,328 20,147,663 $22,463,000 $21,803,461 Operating Expenses 17,439,408 16,224,663 $18,623,247 $17,256,320 Net Surplus/Deficit 2,309,920 2,449,000 $3,839,753 $4,474,283 Balance Sheet As at 30 June 2007 $ As at 30 June 2006 2011 2010 $ $ Assets 96,386,920 96,804,000 $61,029,019 $57,623,266 Liabilities 54,806,000 57,533,000 $8,166,225 $8,600,225 Net Worth 41,580,920 39,271,000 $52,862,794 $49,023,041 Statement of Cash Flows 2006/7 2010/11 Budget 2009/10 Forecast $ 2005/6 Forecast $ Net cash flows from operating activities 1,682,920 3,840,000 ($1,435,247) ($1,126,718) Net cash flows from investing activities (4,000,000$1,117,832) (3,768,000) $6,281,437 Net cash flows from financing activities 49,253,000 49,253,000($459,000) ($7,464,580)