LIBRA GROUP02 & 03

AN INTERNATIONALBUSINESS GROUP

08 SHIPPING 12 HOTELS AND HOSPITALITY

16 AVIATION

20 ENERGY 24 REAL ESTATE 28 DIVERSIFIEDINVESTMENTS

04 INTRODUCTION06 REGIONAL VISION

32 LIBRA HIGHLIGHTS 33 GROUP OF COMPANIES

LIBRA GROUP04 & 05

T o engage fully with this changing, fast-moving world needs an open mind, and the understanding that what was the caseyesterday will not be the same tomorrow. To embrace change is to embrace opportunity.

The Libra Group is an international business group formed in2003, but its origins lie in our family shipping business, founded in1976. The marine industry taught us three very important thingsabout business. The first is integrity – that turning family valuesinto business ethics can be a genuine model for modern business.The second is diversity – shipping needs a variety of vessel classesto serve a variety of needs. And the third is internationalism,because shipping is, by definition, a global business.

These lessons continue to inspire and inform the strategic visionand global operations of our company today. Wherever we are inthe world and in whatever sector, we try to bring a combination of honour, expertise and internationalism to everything we do.Careful analysis of cyclical markets is key to how we do business.Things change, sectors evolve and develop, politics can move, but we apply a consistent, strategic approach to investment andthe world.

This is a challenge for any business. It calls for dedication, energyand vision. Since our formation we have built a global real estateportfolio, established hotels on four continents, founded a majoraviation leasing company, and continued to re-invest at scale in a modern, diverse shipping fleet, while also creating renewableenergy businesses on both sides of the Atlantic. None of this hasbeen possible without the talent and drive of our people. Recentlywe have established the Libra Global Internship programme whichgives work experience opportunities to promising students whowill become the leaders of the future. Their enthusiasm andpotential embody the very core of our commitment to trade, talent and tomorrow.

At Libra, we know each day brings new opportunities – for ourbusiness and our people.

George M Logothetis Constantine M Logothetis

Chairman and CEO Executive Vice Chairman

T

LIBRA GROUP06 & 07

REGIONALVISION

BermudaLibra GroupLomar

Buenos AiresFirst South AmericanAmerisudBelgravia Land & DevelopmentBelgravia PropertiesTanelenik

Panama City FCA Group Grace Hotels

Miami FCA Group

Los AngelesFCA Group Principal Media

WisconsinGreenwood Energy

BeijingLibra Group

BangkokFirst Oriental Thailand

SingaporeFirst OrientalFirst Oriental SingaporeSingapore ResidentialLease Corporation InternationalLomar

AthensFirst MediterraneanGrace HotelsAria HotelsEuroEnergyMayfair Land & DevelopmentGreece Sotheby’s International Realty

DublinLease Corporation International

HamburgLibra Group

RigaEuroEnergy

St PetersburgMayfair Investments

LondonLibra CapitalLibra Group ServicesLomarLease Corporation InternationalGrace HotelsEuroEnergyPalmerston Real EstateLXM Group

BremenLomar

MaineUS Hotels

New YorkLibra CapitalLease Corporation InternationalUS HotelsGreenwood Energy FCA GroupPalmerston Real EstatePeninsula Group

DubaiAamina

ShanghaiLomar (Q3 2012)

São Paulo First South American

Location

SectorsReal EstateHotels and HospitalityTransportationEnergyDiversified InvestmentsHolding Company

LIBRA GROUP08 & 09

SHIPPING

LIBRA'SFOUNDATION

“New economic and environmentalimperatives mean that the fleets of tomorrowmust embrace the very latest advances indesign and technology to stay ahead.”

George Logothetis, Chairman and CEO

Our involvement in shipping over more than three decades hasconsistently revealed that it is subject to multiple concurrent businesscycles on a global scale. Successful participation in the ‘sub-cycles’ inshipping led us to create a diversified, complementary fleet of vessels.Close engagement with the market, including the formation of jointventures with cargo interests, further influenced a macro level strategywhich defines the Libra Group of today.

We have always maintained a long-term commitment to marinetransportation. Between 2004 and 2007 our shipping subsidiary, Lomar,sold a total of 67 vessels and re-entered the market at scale in 2009 withthe $325 million acquisition of the Allocean group and its 26-ship fleet.Since then the company has continued to develop and renew its portfolioand today, including vessels on order, has over 50 bulk carriers, containerships, offshore vessels, LPG, products and chemical tankers.

Recognising the need to develop a future-ready fleet, we have recentlyplaced orders for up to 18 new bulk carriers and container ships thatexhibit the fuel-efficient technology and environmental benefits that themarket will rightly demand in the years to come.

LEGACY ANDLATITUDE

SHIPPING LIBRA GROUP 10 & 11

LIBRA GROUP

HOTELS AND HOSPITALITY

THE ART OFHOSPITALITY

12 & 13

“The discerning target market for hotels is increasingly loyal to the values of individuality and innovation.”

Constantine Logothetis, Executive Vice Chairman

LIBRA GROUP HOTELS AND HOSPITALITY14 & 15

Our global hospitality business personifies the Libra Group commitmentto the highest standards of quality and attention to detail.

Our first hospitality investment, US Hotels, with a collection of propertiesin New England, continues to be commended by guests and critics alike.The White Barn Inn is regularly singled out as one of the finest hotels andrestaurants in the USA. It has been joined by the Windham Hill Inn as amember of the exclusive Relais & Châteaux collection. These flagshipproperties are complemented by a wide range of individually brandedhotels, restaurants, leisure, spa and conference facilities.

Within five years, Grace Hotels has established itself on three continentsand wins constant critical acclaim. Grace Mykonos and Grace Santorini inthe Greek Islands have now been joined by Grace Beijing and RhodeIsland’s Vanderbilt Grace. Soon to open are Grace Panama in the heart ofPanama City and, high in the mountains of Northern Argentina, the GraceCafayate hotel and residential villas complex. The Grace brand is set forcontinued expansion across the globe. Meanwhile, Aria Hotels offers acollection of charming Greek island boutique hotels and holiday villas.

LOCATIONAND LUXURY

LIBRA GROUP

AVIATION

BREAKING NEWGROUND

16 & 17

“The numerous challenges in internationalaviation require creativity and insight to seizeopportunities and identify untapped demand.”

Adamantios Tomazos, Chief Operating Officer

LIBRA GROUP AVIATION18 & 19

A global investment philosophy and keen market intelligence havedefined the Libra Group’s role in aviation leasing.

Launched in 2004, Lease Corporation International (LCI) has acquiredmodern aircraft with a value approaching US$5 billion and has rapidlydeveloped a modern fleet of commercial aircraft and helicopters. Thecompany strives to be one of the most innovative and flexible players inthe world of aviation leasing. LCI has attracted international flag carriersand global names such as Singapore Airlines, British Airways, Iberia andAir France since inception.

LCI takes a long-term view on investment based on insight and analysisthat carefully aligns strategy with market dynamics. With an order for 20aircraft valued at around US$1.4 billion, it is a launch customer for theBombardier C Series and holds options for a further 20. In early 2012, LCIsigned a US$400 million order with AgustaWestland for its new helicopterdivision, underlining its pioneering approach in breaking new ground withspeed and agility.

AGILITY FORCHANGINGTIMES

LIBRA GROUP20 & 21

ENERGY

SUSTAINABLEOPPORTUNITY

“Balancing rising levels of energy consumption with agreater need for sustainable sources means thattechnological advances in the green energy sector are vitallyimportant throughout the world, today and tomorrow.”

Camilo Patrignani, Head of Americas

ENERGY LIBRA GROUP 22 & 23

The world’s growing need for energy is beyond doubt. The Libra Group’sinterests in this sector are based in Europe and the USA, two of theworld’s most innovative regions for finding and supporting new ways ofgenerating energy in the most sustainable and effective way possible.

EuroEnergy builds, owns and operates solar parks, wind farms andbiogas plants across Europe. Firm contracts with national governmentsand energy providers mean we support the Green Economy through localmarkets, helping to embed these new innovations as trusted and reliablesources of alternative energy.

In the USA, Greenwood Energy is a modern provider of clean energychannels. In the waste-to-energy sector, it takes industrial by-productssuch as paper and card to repurpose into burn-ready pellets which arecleaner than coal, and have lower emissions than traditional fuels. In theclean power sector, Greenwood is an investor in generating facilitieswhich include biomass, fuel cells, natural gas, and hydro among others.

Greenwood’s operations range from a manufacturing facility in Green Bay,Wisconsin, to power generation plants across the USA, including a fuelcell power plant on the campus of Central Connecticut State Universityand a combined heat and power plant for the Millennium Hilton Hotel inManhattan.

Our renewable energy interests bring together business sense and theresponsible use of precious natural resources for the benefit of futuregenerations.

MEETINGFUTURE NEEDS

“Our strategy to invest in a real estate portfolio,diverse by sector and geography, is driven by careful observation of global cycles.”

Charles Attlee, Group General Counsel

REAL ESTATE

A GLOBALSTAGE

LIBRA GROUP24 & 25

Our worldwide real estate interests carefully combine a broadlylong-term strategy focussed on established prime locations withselected opportunistic investments.

Our portfolio of residential, commercial and retail properties is anchored in global economic hubs such as London, Manhattan, Buenos Aires,Panama City and Singapore. This includes more than three million squarefeet, both completed and under development, in Argentina.

In 2011 our real estate interests in North America expanded significantlywith the acquisition of close to 700 residential properties in Florida, a region with strong rental demand which we believe also exhibits anunderlying potential for capital growth. In addition, the group’s propertymanagement services division is highly complementary to its real estatebusinesses, both through generating revenue and maintaining value in our properties.

Our commercial properties enjoy secure covenants from world-classtenants that seek the assurance that comes from partnering with awell-established, professional owner-operator.

LOCAL INSIGHT,GLOBALLY

REAL ESTATE LIBRA GROUP 26 & 27

LIBRA GROUP28 & 29

DIVERSIFIED INVESTMENTS

BROADPERSPECTIVE

“Our core sectors provide us with focus,but not constraint, on the breadth of ourstrategic thinking and investment activity.”

Gareth Zundel, Head of Communications

LIBRA GROUP DIVERSIFIED INVESTMENTS30 & 31

Since its formation, the Libra Group has been alert to niche investmentopportunities outside our core sectors. With principal efforts focussedon shipping, aviation, hospitality, real estate and energy, we nonethelessremain open to opportunities that meet our broad investment criteria.

Such investments fall within our 'diversified' global business group. Our current wide-ranging interests include a media company in LosAngeles, a construction company in Argentina, and a financial servicescompany based in London.

Our investment teams apply their well-proven analytical expertise toidentify and assess opportunities which expand the Libra Group'sengagement with a diverse, global portfolio.

A RANGE OFINVESTMENTS

LIBRA GROUP32 & 33

LIBRA GROUPCOMPANIES

LIBRAHIGHLIGHTS

The sale of 67 vessels during theshipping upturn between 2004 and2007 sowed the seeds of today’s Libra Group.

67First Oriental purchased a portfolio of 120 residential properties inSingapore in 2004, the vast majority of which were sold three years later.

120LCI has acquired commercial aircraftwith a value approaching $5 billionsince its inception.

5

EuroEnergy has invested in biogasplants, solar energy parks and windfarms, and has operating and pipelineprojects with a combined generatingcapacity of around 200 MW.

200FCA Group currently owns andmanages approaching 700 residentialcondominium units in the Miami andTampa areas of Florida.

700Lomar ordered up to 18 new designcontainer ships and 'Ultramax' bulkcarriers in the first half of 2012.

18

Grace Hotels brings its boutique hotelconcept to Asia with the opening ofGrace Beijing in the Chinese capital’siconic ‘798 Art District’.

798Principal Media’s Emmy nominatedFirst Ascent is licensed fordistribution in over 100 countries.

100In 2012 LCI broke into the helicopterleasing market with a $400m order forAgustaWestland multi-purposehelicopters to be deployed in a range of offshore and other civilian usesthroughout the world.

400

LIBRA GROUP34 & 35

Libra Capital Limited13–14 Hobart PlaceLondonSW1W 0HHEngland

Tel: +44 20 7245 8700Fax: +44 20 7245 0681

Libra Group China LLCChina World Tower 1, Suite 27051 Jian Guo Men Wai AvenueBeijing 100004P. R. China

Tel: +86 10 6505 9510Fax: +86 10 6505 9551

Email: office@libra.comwww.libra.com

Libra Capital US, Inc.134 East 40th StreetNew YorkNY 10016USA

Tel: +1 212 957 4433Fax: +1 212 957 4434

Libra Capital LimitedZippelhaus 320457 HamburgGermany

Tel: +49 40 2260 2373Fax: +49 40 2260 2374

II.1