R&F PROPERTIES 02777·

Gross margin -------------------------------------------------------------2.84%--10.87%13.72%5.30%5.58%-4.65%9.95%-14.89%10.23% Net margin -------------------------------------------------------------21.45%---44.84%23.38%-55.04%10.21%-100.49%45.45%-151.72%51.23% ROE -------------------------------------------------------------23.46%---28.91%5.45%-59.84%30.93%-111.22%51.38%400.02%511.24% ROA -------------------------------------------------------------4.10%---4.28%0.17%-5.96%1.68%-6.12%0.16%-6.17%0.05% Revenue growth -----------------------------------------------------------------53.83%--2.97%56.81%-51.15%54.13%-38.19%12.97% Attributable profit growth ----------------------------------------------------------------4.45%---28.14%32.59%12.17%40.31%7.25%4.92% Debt-to-assets ------------------------------------------------------------79.21%--81.85%2.65%86.15%4.29%90.21%4.06%96.97%6.76% Current ratio ------------------------------------------------------------1.16--1.220.061.150.070.870.280.810.06 Operating cash flow / net profit -------------------------------------------------------------0.81--0.080.890.080.000.090.01-0.090.18 Operating cash flow / revenue ------------------------------------------------------------17.36%---3.48%20.84%-4.31%0.84%-8.65%4.34%14.07%22.72%

Gross margin 21.84%--8.86%12.98% Net margin -70.81%---74.77%3.97% Revenue growth ----23.12%-- Attributable profit growth -----30.20%-- Debt-to-assets ----99.09%-- Current ratio ----0.82--

Revenue ------------------------------------------------------------76.23B--35.19B53.83%36.24B2.97%17.70B51.15%10.94B38.19% Other income and gains ------------------------------------------------------------1.46B-------206.80M--245.66M218.80%862.57M251.12% Gross profit -------------------------------------------------------------2.17B--3.83B276.58%1.92B49.85%-823.90M142.93%-1.63B97.70% Selling and distribution expenses ------------------------------------------------------------3.65B--1.37B62.55%1.47B7.21%1.06B27.60%737.01M30.53% Administrative expenses ------------------------------------------------------------6.00B--4.36B27.28%4.49B2.78%3.43B23.57%3.41B0.67% Net finance costs ------------------------------------------------------------4.16B--9.73B133.57%6.24B35.84%5.91B5.31%4.95B16.19% Income tax ------------------------------------------------------------2.99B--1.64B45.03%5.83B254.63%2.51B56.90%2.62B4.24% Operating profit -------------------------------------------------------------9.73B---5.03B48.34%-7.85B56.16%-9.26B18.01%-8.87B4.20% Share of associates and JVs ------------------------------------------------------------532.25M--618.51M16.21%-26.39M104.27%-104.46M295.90%-156.65M49.96% Profit before tax -------------------------------------------------------------13.36B---14.13B5.79%-14.12B0.14%-15.28B8.22%-13.98B8.47% Net profit -------------------------------------------------------------16.35B---15.78B3.51%-19.95B26.41%-17.79B10.82%-16.60B6.68% Net profit attributable to owners -------------------------------------------------------------16.47B---15.74B4.45%-20.16B28.14%-17.71B12.17%-16.43B7.25%

Revenue 5.77B--7.10B23.12% Other income and gains 349.47M---226.21M164.73% Cost of sales 4.51B--6.47B43.57% Gross profit 1.26B--628.78M50.06% Selling and distribution expenses 452.89M--358.05M20.94% Administrative expenses 1.52B--1.54B1.38% Net finance costs 2.39B--2.84B18.47% Income tax 1.22B--323.85M73.37% Operating profit -572.62M---2.04B256.78% Share of associates and JVs 25.31M---46.10M282.18% Profit before tax -2.87B---4.98B73.88% Net profit -4.08B---5.31B30.01% Net profit attributable to owners -4.05B---5.27B30.20%

Cash and cash equivalents ------------------------------------------------------------6.26B--2.18B65.22%1.73B20.66%787.38M54.41%956.20M21.44% Trade and bills receivables ------------------------------------------------------------45.89B--41.02B10.61%35.41B13.68%38.94B9.98%47.10B20.95% Inventories ------------------------------------------------------------1.31B--1.13B13.44%1.05B7.36%1.21B15.06%1.20B0.50% Total current assets ------------------------------------------------------------275.20B--252.01B8.43%226.33B10.19%212.14B6.27%198.41B6.47% Total assets ------------------------------------------------------------398.54B--368.92B7.43%334.87B9.23%290.59B13.22%268.87B7.48% Total current liabilities ------------------------------------------------------------237.16B--207.22B12.63%197.04B4.91%243.82B23.74%245.42B0.66% Total liabilities ------------------------------------------------------------315.68B--301.98B4.34%288.48B4.47%262.14B9.13%260.71B0.54% Equity attributable to owners ------------------------------------------------------------70.19B--54.43B22.45%33.70B38.09%15.92B52.75%-4.11B125.79% Total equity ------------------------------------------------------------82.86B--66.94B19.21%46.39B30.70%28.46B38.66%8.15B71.35%

Cash and cash equivalents ----856.38M-- Trade and bills receivables ----47.21B-- Inventories ----1.37B-- Total current assets ----192.66B-- Total assets ----260.30B-- Total current liabilities ----233.85B-- Total liabilities ----257.93B-- Equity attributable to owners -----9.61B-- Total equity ----2.37B--

Net cash from operating activities ------------------------------------------------------------13.24B---1.22B109.24%-1.56B27.76%-1.53B2.04%1.54B200.58% Net cash from investing activities -------------------------------------------------------------3.45B--629.26M118.26%774.83M23.13%885.38M14.27%-198.91M122.47% Net cash from financing activities -------------------------------------------------------------29.14B---3.55B87.83%330.52M109.32%-320.33M196.92%-1.21B279.17% Net change in cash -------------------------------------------------------------19.35B---4.14B78.60%-457.42M88.95%-965.77M111.14%126.13M113.06%