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. A summary of those forecasts is as follows: Operating Statement 2011/12 Target $ 2010/11 Forecast $ Revenue 22,944,448 22,397,258 Operating Expenses 19,234,631 18,493,258 Net Surplus/Deficit 3,654,817 4,326,578 Balance Sheet As at 30 June 2012 $ As at 30 June 2011 $ Assets 66,062,372 62,348,253 Liabilities 10,095,527 10,036,225 Net Worth 55,966,845 52,312,028 Statement of Cash Flows 2011/12 Target $ 2010/11 Forecast $ Net cash flows from operating activities 9,100,374 10,036,225 Net cash flows from investing activities (6,252,300) (7,117,832) Net cash flows from financing activities 0 0 31 2011/12 Ownership Agreements

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. A summary of those forecasts is as follows: . Operating Statement 2011/12 Target 2005/6 $ 2010/11 Forecast 2004/5 $ Revenue 22,944,448 22,397,258 20,147,663 14,191,000 Operating Expenses 19,234,631 18,493,258 16,224,663 10,722,000 Net Surplus/Deficit 3,654,817 4,326,578 2,469,000 3,469,000 Balance Sheet As at 30 June 2012 $ As at 30 June 2011 June 2006 2005 $ $ Assets 66,062,372 62,348,253 99.324,000 44,583,000 Liabilities 10,095,527 10,036,225 62,125,044 8,225,000 Net Worth 55,966,845 52,312,028 37,198,956 36,358,000 Statement of Cash Flows 2011/12 Target 2005/6 $ 2010/11 Forecast 2004/5 $ Net cash flows from operating activities 9,100,374 10,036,225 3,860,000 7,966,000 Net cash flows from investing activities (6,252,3003,768,000) (7,117,8321,306,000) Net cash flows from financing activities 0 0 31 2011/12 Ownership Agreements49,253,000 (401,500)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Airport Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2011/12 Target 2006/7 Budget $ 2010/11 2005/6 Forecast $ Revenue 22,944,448 22,397,258 21,789,328 20,147,663 Operating Expenses 19,234,631 18,493,258 17,439,408 16,224,663 Net Surplus/Deficit 3,654,817 4,326,578 2,309,920 2,449,000 Balance Sheet As at 30 June 2012 2007 $ As at 30 June 2011 2006 $ Assets 66,062,372 62,348,253 96,386,920 96,804,000 Liabilities 10,095,527 10,036,225 54,806,000 57,533,000 Net Worth 55,966,845 52,312,028 41,580,920 39,271,000 Statement of Cash Flows 2011/12 Target 2006/7 Budget $ 2010/11 2005/6 Forecast $ Net cash flows from operating activities 9,100,374 10,036,225 1,682,920 3,840,000 Net cash flows from investing activities (6,252,3004,000,000) (7,117,8323,768,000) Net cash flows from financing activities 0 0 31 2011/12 Ownership Agreements49,253,000 49,253,000

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Airports Authority Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2011/12 Target 2005/6 $ 2010/11 Forecast 2004/5 $ Revenue 22,944,448 22,397,258 3,355,537 8,033,788 Operating Expenses 19,234,631 18,493,258 3,258,057 7,895,449 Net Surplus/Deficit 3,654,817 4,326,578 97,480 138,339 Balance Sheet As at 30 June 2012 $ As at 30 June 2011 June 2006 2005 $ $ Assets 66,062,372 62,348,253 21,929,081 19,196,200 Liabilities 10,095,527 10,036,225 15,565,441 12,929,441 Net Worth 55,966,845 52,312,028 6,364,240 6,266,760 Statement of Cash Flows 2011/12 Target 2005/6 $ 2010/11 Forecast 2004/5 $ Net cash flows from operating activities 9,100,374 10,036,225 279,556 349,758 Net cash flows from investing activities (6,252,30010,472,363) (7,117,8324,327,664) Net cash flows from financing activities 0 0 31 2011/12 Ownership Agreements2,636,000 11,352,590