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SCOTLAND’S RENEWABLE ENERGY INTERFACEPORT OF ARDERSIERMORAY FIRTH, INVERNESS, SCOTLANDSTRATEGIC PORT-CENTRIC MANUFACTURINGSITE OF 138 HECTARES (340 ACRES)

LOCATIONArdersier is located in the Scottish Highlands approximately 14 miles from the city of Inverness and 2 miles from Nairn. Scotland’s other majorcities are easily accessed by a well serviced road, rail and air network. Glasgow, the industrial and cultural hub, is located 170 miles to the southwestof Ardersier. Edinburgh, the capital of Scotland, lies 160 miles to the south-east and Aberdeen, the oil capital of Europe, lies 95 miles to theeast.Inverness City is the administrative centre for the Highland council area, and is regarded as the capital of the Highlands of Scotland. Inverness isEurope’s fastest growing city with a quarter of the Highland population living in or around the city and is ranked fifth out of 189 British cities forits quality of life, the highest of any Scottish city.Inverness Airport is located only 4 miles to the west of Ardersier. The terminal administers over 330 scheduled flights per week to a variety ofdestinations throughout the UK and Europe.Access to Ardersier is taken directly from the A96 Trunk Road between Inverness and Nairn on to a well-constructed link road which previouslyserved the former fabrication yard. The first section of this road has been adopted by the Highland Council with the remaining section taken toadoptable standard and is in the main exclusive to the Ardersier development.PORT OF ARDERSIERABERDEENDUNDEEGLASGOWEDINBURGHPORT OF ARDERSIERThe Highlands and Islands have a population of 400,000 and an area of 37,050 sq km. Inverness is the largest settlement with more than 70,000people, while the Inner Moray Firth (Nairn, Dingwall, Alness and Invergordon) contains approximately 40,000 people, or nearly 10% of theHighlands and Islands population. With such a dispersed population, 61% of Highlands and Islands residents live in rural areas or settlements offewer than 5,000 people. If recent trends continue, the population of the Highland Region is expected to grow by 11% by 2031. The highest ratesof projected growth are in Inverness and Nairn.The region has transformed itself to one where modern communications and infrastructure have much improved the quality of life for businessesand residents. The economy is rooted in the traditional base of primary industries, namely agriculture, forestry and fishing. The manufacturingsector is diverse and is typified by small and medium enterprises and micro-enterprises. A strong and significant manufacturing sector includesnumerous companies involved in medical products, pharmaceuticals, electronics, life sciences, renewable energy and the traditional sectors suchas oil-related engineering and textiles. Inverness also has a very strong service sector, encompassing retail, public sector, professional services andtourism.

DESCRIPTIONArdersier extends to 138 hectares (340 acres) including a 1000 meter long deep water harbour which is protected by naturally occurring longsand and shingle spit, salt marsh and dunes.The site is the former McDermott Fabrication Yard constructed on land that was reclaimed from the foreshore in the 1970’s for the fabricationand construction of off-shore platforms for use in the North Sea gas and oil industry.The spit, known as Whiteness Head, shelters a harbour that lies between the spit and the main part of the port and development area of thesite. The majority of the site was reclaimed using dredged sand that was levelled behind a steel pile retaining wall, at approximately 4.5m aboveordnance datum.The site is bounded by the Moray Firth to the north, an area of sand dunes and tidal mudflats to the west, Carse Wood to the south, and anundeveloped area of sand and mudflats, known as Carse of Delnies, to the east. To the southwest of the site lies the boundary of Fort Georgeowned by the Ministry of Defence.At its height the fabrication yard employed approximately 4,500 people, it was operational for almost 30 years closing in 2001.RENEWABLE ENERGYArdersier has been identified within Scottish Enterprises’ National Renewables Infrastructure Plan (N RIP) as a port location for offshore windmanufacturing, installation staging and operations and maintenance for the Moray Firth arrays.The site extending to 138 hectares(340 acres) offers sufficient scale toaccommodate all the processes in acoordinated cluster.Benefitting from a harbour wall1000m long the site may alsoaccommodate other North Seaenergy related fabrication, storageand O&M operations.PLANNINGAs part of the overall planning processthe owners applied to the ScottishParliament for a Parliamentary Orderto create a new Harbour Authority.In November 2008 the WhitenessHarbour Revision Order was granted.The current owners are presentlyenaged with the planning authoritiesin order that site and harbour are fullyconsented to provide a strategic portcentricsite predicated on the offshorerenewable energy industry (OREI).This will include manufacturing,handling, storage and maintenancesupport of a specialized growthsector. The port facilties are particularand unique to the offshore wind andtidal energy sectors which will bringlong-term security and predictabilityof business activity together withemployment to the area. The sectorplan is strongly supported by theScottish Government and the relevantagencies such as the Highlands andIslands Enterprise.

TO NAIRN A96TO INVERNESSA6A5A4A3A2A1A1A2A3A4A5A6100 ACRES40 ACRES40 ACRES47 ACRES10 ACRES71 ACRES (LOGISTICS)NEW BERTH - DREDGED TO -9M ODCHANNEL - DREDGED TO -8M OD

792FS575574Military RangesTrackTowerSand & ShingleDunesSand & ShingleDrainWater4.1mTrackCarse WoodDrainDrainTrackWaterSand & ShingleDrainTrackFSMilitary RangesMean High Water SpringsTrackBM 3.95mSandLeadingMarkerCarse WoodNorleigh Ke nelsTrackPostMean High & Mean Low Water SpringsDrainTrackDrainWhiteness HeadSand & ShingleMLWSMHWS4.2mShingleL TwrDrainL TwrL TwrPost5.0mL TwrL TwrL TwrL TwrL TwrMean Low Water SpringsMLWSTrackPostMean High & Mean Low Water SpringsDrainMLWSTrackDrainTrackQuay4.3mL TwrDrainTrackPostDrainTrackLower CarseTrackL TwrJuniper CottageFBCarse of ArdersierDrainPinetr es4.7mL TwrSand & ShingleMH &MLWSDrainL TwrDrainCarse of ArderseirCarse of Ardersier3.8mDrainQuayDrainTrackTrackSand & ShingleDrainSinksFabrication YardDrainShingleShingleCar ParkPathTrackDrainPathSandPostL Twr4.0mLower CarseDrainBM 4.02mPumpMastHelicopter PadLWLSandWindSock4.1mWBTrackCarse of DelniesMarshShingleShingleMarshSandCarse of Delnies4.4mSandMean Low Water SpringsPondSandCarseofDelniesSandPondSandSandSandINFRASTRUCTURE, SERVICES AND TECHNICAL INFORMATIONThe site is fully remediated and serviced ready for development to commence.Former fabrication areaQuay length (piled)Yard levelWater depth alongsideHeavy lifting point within quay wallFormer main access channelover 1,000,000 sq.m.over 1000 m+4.5m O.D. (2.6m above HAT)Up to 5m at MLWS (withcurrent plans to deepen thequayside facilties to -7.0metres LAT and provide aberth pocket for OREIInstallation vessels of -9.0 metresLAT)Width 100m (with current plansto deepen and widen the accesschannel to 100 metres and to-8.0 metres LAT)Depth 4.5m at MLWSDepth 8m at MHWSYard initially formed with dredged sand and imported fill workingsurfaceGeneral allowable ground bearing pressure100 kN/sqmAreas of increased allowable bearing pressure through appropriatetreatment.Following the granting of the outline planning permission WPCLdeveloped and implemented a detailed remediation and demolitionstrategy for Ardersier. Together with the site remediation WPCLhave completed infrastructure installation.Water, electricity and gas have been taken directly to the site, and afoul sewerage connection to the local sewerage works.HARBOUR JURISDICTIONOUTLINED YELLOW (indicative)Mean LowWater SpringsMean Low Water SpringsShingleMean Low Water SpringsMean High Water SpringsShingleMean High Water SpringsSandHARBOUR JURISDICTIONOUTLINED YELLOW (indicative)SandMean High Water SpringsMean High Water SpringsMean Low Water SpringsMean High & Mean Low Water SpringsMean High Water SpringsMean Low Water SpringsSand & ShingleMean High and Mean Low Water SpringsMean High Water SpringsMean Low Water SpringsMean High Water SpringsMean Low Water SpringsDrainMean High Water SpringsMean High Water SpringsHarbour jurisdictionoutlined yellow (indicative)Carse of ArdersierTrackTrackDrainTrackTrackCapacity of theelectricity infrastructure:installed with a capacityfor 3,000 - 4,000 newhousesCapacity of waterinfrastructure: 250mmHDPE water supplypipeline installed toboundary of site -nominal supply 1500cu.m/dayDrainTrackTrackTrackCapacity of gasinfrastructure:medium pressurepipeline installed fromNairn to site boundaryDrainDrainMean High Water SpringsDrainDrainDrainDevelopment Area with Planning Consent: 340 acresPink shaded area: 272 acresBlue shaded area: 68 acresRed boundary line: 714 acresCapacity of drainage infrastructure:nominal capacity 1500 cu.m./dayconnecting to public sewerage system atArdersier waste treatment plantDrainDrainTrackAccess to A96

OCCUPATIONAL OPPORTUNITYPort of Ardersier Limited (POA) are inviting parties to consideroccupation at a large scale, port-centric manufacturing site.• Rare opportunity to locate in a site of a scale sufficient toaccommodate all the processes for offshore wind manufacturing,installation staging, operations and maintenance in a coordinatedcluster.• Dedicated Port and Statutory and Competent Harbour Authorityto manage the site and provide marine navigation.• The site benefits from a walled quay of over 1000m in length.Subject to planning and engineering, the site will also be servedby a berth of 450m length, 50m width and 9m deep, to facilitatejack-up OREI installation vessels.• East Coast location to serve the offshore fields in the Moray Firthand multiple mature offshore renewable sites around the UK.• Fully serviced site with industrial level utility supplies.• Strong access links via road, accessed directly from the A96 TrunkRoad between Inverness and Nairn.• Short, medium and long term tenancy options available.Opportunities offered in wave and tidal energy, oil and gas rig fabricationand storage and small scale CHP plants will also be considered.REGIONAL SELECTIVE ASSISTANCEThe site benefits from Tier 1 RSA which can provide grant support toencourage investment and job creation for Scottish owned businessesor headquartered outside Scotland. The RSA available may be up to30% of capital costs.For further information contact:Robin GilbertHighland & Islands EnterpriseT: 01349 868 391E: robin.gilbert@hient.co.ukTECHNICAL INFORMATIONA full technical pack in relation to the subjects is available in relation tothe subjects is available on request:• Infrastructure/principle utilities• Access Roads• On-site services• Ground conditions• Harbour Order

INVESTMENT OPPORTUNITYPort of Ardersier Limited (POA) are inviting parties to consider a Joint Venture Partnership to invest capital and jointly develop oroperate a significant port and industrial facility.An outright disposal will also be given consideration.• Several port operators, infrastructure groups and ship owning entities have identified the Port of Ardersier as the largest portcentricbrownfield site on the East Coast of the UK capable of becoming an operational port in the near term.• Potential of high returns in-keeping with revenue per acre achieved in other East Coast Ports of the same size and scale.• Strong commercial interest in the site by potential tenants who require a port operator to develop and manage the site, in particularthe marine navigation.• The tenants are generally directly connected to the OREI which are characterised by long term occupational commitments with ahigh level of committed assets by the occupants.• OREI is a growing and sustainable market sector particularly in Scotland. The Scottish market is predicted to reach 25 GW oflicenced offshore development by 2020.• There is strong political and financial support indicated by the Scottish Government and HIE.• To an existing operator the site offers a predictable and short path to increased overall revenue with high EBITDA margin. Manyof the existing operators have fully sweated assets and would be keen to look at relatively low entry cost opportunities.FURTHER INFORMATIONWemyss House8 Wemyss PlaceEdinburgh EH3 6DHKeith DobsonTel: 0131 247 3801Email: kdobson@savills.comCaptain Stephen M. Gobbi MA LLBChief Executive OfficerPort of Ardersier LtdTel: 07969 784 969Email: steve.gobbi@portofardersier.comwww.portofardersier.comIMPORTANT NOTICESavills, their clients and any joint agents give notice that:1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of theirclient or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and mustnot be relied upon as statements or representations of fact.2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not beassumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers mustsatisfy themselves by inspection or otherwise.Date of publication: January 2013