TABLE OF CONTENTS. Introduction 4 Location 6 Activities 10 Smart Studios 14 Building 20 Investment Concept 24 The Developers 26 Floor Plans 29

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TABLE OF CONTENTS 01 02 03 04 05 06 07 08 Introduction 4 Location 6 Activities 10 Smart Studios 14 Building 20 Investment Concept 24 The Developers 26 Floor Plans 29

01. INTRODUCTION The Eisvogel Smart Studios in Andermatt What was previously only offered in the high-end real estate segment in Andermatt, is now available in limited quantities, at a much lower price. Welcome to Eisvogel Smart Studios, your very own paradise in the heart of the Swiss Alps offering pragmatic luxury to a younger, sports-loving audience. This is the second apartment building constructed by SWISS PROPERTY AG in cooperation with Andermatt Swiss Alps AG. It stands out with its unique smart studio concept and attractive value-for-money offer as well as specially designed features tailored to its future owners. Whether you arrive by car, plane or train, Andermatt enjoys excellent accessibility from international airports located in Zurich, Milan and Stuttgart. Thanks to Andermatt's exemption from the Swiss law Lex Koller, properties are available to foreign buyers, which is a rare opportunity in Switzerland. Year after year Andermatt offers snow reliability and therefore, a variety of winter sports activities in the SkiArena Andermatt-Sedrun, which is the largest ski area in Central Switzerland. During the summer months, a wide selection of leisure and sport activities are also possible, including amongst them golfing on Andermatt's 18-hole par 72 championship golf course. The Eisvogel studios provide compact and modern living space, while the common building areas are generously planned to offer the perfect setting for meeting friends. There are also in-house gym and spa facilities for exercising and relaxing. Eisvogel Smart Studios' owners will benefit from a specially developed rental concept, which will generate income for owners when they are away. EN 01. INTRODUCTION 5

02. LOCATION One of the most beautiful year-round sports destination in Europe Just over ten years ago, an overwhelming 96 percent majority of Ursern valley inhabitants voted in approval of Andermatt's planned transformation from a small mountain village into one of the largest and most beautiful year-round sports destinations in Switzerland. Initially this idea was met with much doubt and disbelief. Today, after a decade of systematic development, no one doubts Andermatt's transformation anymore. Even the most determined critics have to admit that the investments made in recent years, have put Andermatt on the road to success. The Holiday Village Andermatt Reuss features extensive underground parking, with direct access from all apartment houses. Anyone willing to do their well-being a favour will be delighted by the excellent selection of restaurants and plentiful wellness facilities in the area, including a fitness centre, spa and swimming pool. All of this is against an impressive mountain landscape backdrop, which offers countless opportunities for winter and summer sports activities. Andermatt is benefiting from circa CHF 1.8 billion of investment going into six new 4- and 5-star hotels, 500 apartments across 42 buildings and 28 chalets, a congress centre as well as modern sports and leisure facilities. Over the last two years, 10 of the 14 ski lifts have been newly constructed and are operational as of the 2017/2018 winter season. A CHF 130 million investment is planned for the connection of the Andermatt and Sedrun ski areas over Oberalppass, which will be ready in time for the 2018/2019 ski season. This connection will result in a grand total of 120 km of fully equipped ski runs. Today, more than ever, Andermatt has become one of the most exciting places to invest in the Swiss Alps. EN 02. LOCATION 7

EN 02. LOCATION Location Andermatt 46 38 27.6 N 8 35 25.5 E 1444 m a.s.l. 62,26 km² ZURICH 110 km ANDERMATT 187 km MILAN HOURS DRIVE FROM ZURICH 1:30 2:45 INTERNATIONAL AIRPORT MUNICH INNSBRUCK HOURS DRIVE FROM MILAN Andermatt creates its own future Modern holiday village, surrounded by unparalleled mountain landscape One of the most exciting investment opportunities in the Swiss Alps Year-round holiday destination with a variety of activities and services SkiArena Andermatt-Sedrun: the largest ski area in Central Switzerland 500 km of hiking and biking trails 18-hole par 72 championship golf course Many other winter and summer sports possibilities EN 02. LOCATION 8 9

03. ACTIVITIES Winter and summer sports at the highest level Andermatt aims to preserve its originality and the beauty of its surrounding nature while still taking advantage of its development potential. Within the valley's pristine nature are more than 40 mountain lakes, rivers and waterfalls, as well as vast forests and mountain meadows. At the same time, the village of Andermatt, with its historic centre, is no longer that sleepy community it once was a few decades ago. Andermatt Swiss Alps AG is now developing this beautiful place situated in the idyllic Ursern valley into a first-class holiday destination with year-round sports and leisure facilities. The merger of the Andermatt and Sedrun ski areas will create the largest ski area in Central Switzerland, with more than 120 km of ski slopes, as well as opportunities for cross-country skiing, sledging, ice skating and even ice climbing. Furthermore, the 18-hole golf course built with high ecological standards, swimming pool, 500 km of hiking and mountain biking trails as well as tennis facilities, not to mention the climbing, paragliding, horseback riding, white-river rafting, fishing and geocaching possibilities, all allow for an abundance of summer activities. EN 03. ACTIVITIES 11

EN 03. ACTIVITIES A year-round holiday paradise with endless opportunities EN 03. ACTIVITIES Winter sports Summer sports Downhill skiing Snowboard Free riding Ski tours Cross-country skiing Sledging Ice skating Ice climbing Golfing Mountain biking Hiking Rock climbing Paragliding Horseback riding Fishing White-water rafting Geocaching Tennis 12 13

04. SMART STUDIOS Thought-out living space for maximum utility The Eisvogel Smart Studios thoughtfully combine the tradition of alpine craftsmanship with the elegance and dynamism of modern design. The layout and clever fit-out of each apartment are designed so that every square metre of space is utilised in the most optimal way. To make Eisvogel apartments as attractive and user-friendly as possible, a deliberate focus has been placed on creating intelligent and automated private spaces complimented by generous common areas that are available to all residents of the house. The building includes a community area with a large kitchen and chill-out zone, ideal for dinner with friends, a spacious spa with gym across 115 m2 as well as an in-house bar perfect for après-ski gatherings. Eisvogel Smart Studios are specifically tailored to those who appreciate good style yet value pragmatic benefits first and foremost. This would be the expert skier or Gemsstock freerider who wants to enjoy the powder snow first thing in the morning, or the enthusiastic golfer or mountain biker who has, until now, rarely overnighted in Andermatt and has returned home to Zurich in the evenings. The specific needs of this sport-loving audience are now fulfilled with the Eisvogel apartments. Each of the 34 to 91 m² studios are fitted-out with modern, functional and highly optimised furnishings and fittings, which are available in four variations. The overall concept is completed with practical, automated features and easily accessible services. This makes the Eisvogel Smart Studios a truly bespoke and innovative investment opportunity. EN 04. SMART STUDIOS 15

EN 04. SMART STUDIOS Smart apartments for sports enthusiasts Designed with the users' needs in mind Uplifting modern design Smart living space for maximum living comfort 34 to 91 m2 of floor space Innovative automation features Four design lines: Pure Winter, Pure Summer, Alpine Winter and Alpine Summer EN 04. SMART STUDIOS 16 17

EN 04. SMART STUDIOS EN 04. SMART STUDIOS Pure Winter studio Alpine Winter bathroom Pure Summer studio Alpine Summer bathroom 18 19

05. BUILDING Generous common areas and modern design The building concept The building is aimed at meeting the needs of sport enthusiasts but most of all being community-friendly. While the studios are functional and delivered with a well-thought-out design, the spacious common areas are the most impressive. These areas not only boast the attractive, high-quality design, but also provide a welcoming and generous space for social get-togethers and recreation opportunities after sports activities. This is made possible thanks to an array of building amenities such as a sauna, gym, bar, dining and chill-out area, as well as ample storage for ski and bike equipment. To further emphasise the unique qualities of the Eisvogel Smart Studios, the renowned Swiss street-art artist, Ata Bozaci, is engaged in conceptualising the aesthetics of the building's common areas. Ata Bozaci will use his art to create a link between the building's contemporary design and the pristine nature of the Swiss Alps. EN 05. BUILDING 21

EN 05. BUILDING Community spirit, functionality and modern art EN 05. BUILDING Sauna and wellness area Generous and attractively Sauna & wellness designed common areas Original works by Swiss street-art artist Ata Bozaci Gym area Dining area In-house bar Bicycle and ski storage rooms Chill-out area 22 23

06. INVESTMENT CONCEPT A solid investment with superb utility While the 2 5.5-room apartment segment in Andermatt has grown over the last 10 years, the supply of 1.5-room apartments, totalling just 87 units, has stagnated despite the strong demand. This shortage of compact-size accommodation makes Eivogel Smart Studios highly attractive for those who spend significant time enjoying sports and leisure activities and want to save on hotel costs. These smartly furnished and space-optimised studios, with a price per m2 starting at CHF 8,650, are ca. 15% less expensive than comparable offers. Due to the compact apartment sizes, ranging from 34 m² to 91 m², prices start at just CHF 290,000. This is a distinct and uncommon offer in Andermatt. A further advantage is provided by the specially developed rental concept, which aims to generate income for owners when they are not using the apartments themselves. The Eisvogel studios are intended to be let starting at CHF 850 per month, making them cost-efficient for tenants as well as offering attractive returns for apartment owners. A smart investment with benefits Increasing property demand in Lowest apartment prices on up-and-coming location offer in Andermatt Flexible owner-occupancy Innovative rental concept that Excellent price-quality relation ensures income year after year Fully available to foreign buyers EN 06. INVESTMENT CONCEPT 25

07. THE DEVELOPERS Andermatt Swiss Alps AG and SWISS PROPERTY AG Eisvogel Smart Studios is a joint project from the Zurich-based SWISS PROPERTY AG together with Andermatt Swiss Alps AG, who is the key visionary behind Andermatt's long-term development scheme. SWISS PROPERTY AG has already developed the Schneefalke building, which is the most successful apartment project in Andermatt to date. SWISS PROPERTY AG has been chosen as a strong partner for the implementation of the Eisvogel project for their expertise in developing space-efficient, user-oriented and intelligently automated homes. EN 07. DEVELOPERS 27

EN 07. DEVELOPERS 28 Developers Andermatt Swiss Alps AG Gotthardstrasse 12 6460 Altdorf Switzerland T: +41 41 874 88 88 info@andermatt-swissalps.ch www.andermatt-swissalps.ch Sales & Info Center Andermatt Swiss Alps AG Gotthardstrasse 2 6490 Andermatt Switzerland T: +41 41 888 77 99 contact@andermatt-eisvogel.ch www.andermatt-eisvogel.ch Disclaimer SWISS PROPERTY AG Giesshübelstrasse 62D 8045 Zurich Switzerland T: +41 44 344 10 10 contact@swiss-property.ch www.swiss-property.ch This sales brochure, with its text and graphic representations, presents the building project in the planning stage, which was current at the time of its creation. No rights or claims of any kind can be derived from any of the plans, drawings, representations, furnishings, visualisations or descriptions provided. In particular, the plans do not have the legal force of the land register plans. Changes, adaptations and dimensional deviations due to the implementation can take place, and the right to make changes remains explicitly reserved at all times. The furnishings are to be regarded as examples, and are not included in the purchase price. Rental pricing, market situation and its development as well as plans for the construction and operation of the building given in this brochure are in line with the information and estimates of the developers valid at the time the brochure was created. Any updates, adjustments and changes are subject to change. Neither this documentation nor any parts of it may be reproduced. No right to compensation will arise from unsolicited broker services, against neither the development company nor any commissioned third parties. This sales brochure and the accompanying enclosures are merely for the purpose of initial information, and do not represent an offer. This documentation will not form any part of any purchase or work contract. APPENDIX Floor Plans

Floor plan examples A variety of studios ranging from 34 to 96 m² and 1.5 to 3.5-room layouts 1.5 room studio 36.0 m2 saleable area 2.5 room studio 55.5 m² saleable area 30 N N 31

Floor plan examples 3.5-maisonette 96.0 m² saleable area Attic 32 33 N

Community Space Lounge & Dining, Spa & Gym 15 Fitness 1 Cardio workout 12 2 Kinesis wall 3 Stretching area 4 Strength trainingi 13 2 5 Storage room Wellness 6 Foyer with drinking fountain 7 Mens changing room 1 8 Ladies changing room 9 Showers 10 Sauna 11 Chill-out area 3 4 Lounge & Dining 12 Dining room 13 Lounge I 14 Lounge II and Game room 5 Storage Deposito 15 Ski room 14 6 7 11 8 10 9 34 N 35

Copyright 2018 Alpine Development Andermatt AG All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, without prior permission in writing. Design, copy, layout and illustrations by McLaren Agency www.mclarenagency.com

www.andermatt-eisvogel.ch