Excelion Group of Companies Structure

Vlad Nemirovsky & Motti Gruzman share control on most of the companies*

Company Name	Country	Address	Registration Number	CEO	Shareholders	Properties owned
MGR Capital LTD	United Kingdom	27 Old Gloucester Street, WC1N 3AX, London	14315577	Motti Gruzman	Vladislav Nemirovsky	Alva Park – Lloret de Mar, Spain
EXCELIONDEV LTD	United Kingdom	5 North End Road, London, United Kingdom, NW11 7RJ	6297861	Chaim Gruzman	Vladislav Nemirovsky via MGR Capital LTD	Sonnbichl Estate – St. Martin
Lloret Capital Invest SLU	Spain	Avinguda Diagonal 532/7Fl, Barcelona	B44934099	Motti Gruzman	Vladislav Nemirovsky via ExcelionDev	Alva Park – Lloret de Mar, Spain
Sankt Martin Invest GMBH	Austria	Mesnerbauerweg 11, 5522 Sankt Martin am Tennengebrige	ATU71537223	Vladislav Nemirovsky	Vladislav Nemirovsky via Exceliondev - 60% \| Eliahu Gruzman – 40%	Sonnbichl Estate – St. Martin
Wald Real Estate Solutions GMBH	Austria	Maderstrasse 1/8, 1040 Wien	ATU79 386567	Vladislav Nemirovsky	Vladislav Nemirovsky	Pinzger Stubn – Wald, Austria
AMK - BUILD	Bulgaria	Plovdiv, Central District, 43 "Zahari Stoyanov" St	115887580	Vladislav Nemirovsky	Vladislav Nemirovsky	Green Wood Hotel Razlog
Excelion AG	Switzerland	Pletschenstrasse 20 3952 Susten	CH-600.3.017.071-4	Debora Gruzman-Iczkovits, Daniel Zimmer	Debora Gruzman-Iczkovits, Daniel Zimmer	Hubel Residences Leukerbad
Pamporovo Estate EOOD	Bulgaria	30 Ekzarh Yosif str, Oborishte Distr., Entr. A 1, Fl. 4, Apt. 12, 1000, Sofia	206774307	Motti Gruzman	Motti Gruzman	DreamView Pamporovo
Kardamena Invest MIKE	Greece	Plateia Dimokratias 1, 54629, Thessaloniki	EL801 596 337	Motti Gruzman	Motti Gruzman	Kos Boutique Hotel
TCI Hotels GmBH Bruck	Austria	Glocknerstraße 51, 5671 Bruck a.d. Großglocknerst	ATU70893508	Motti Gruzman	Motti Gruzman	Hollern Hotel (lost)
BDS Portal SLU	Andorra	Avinguda Princep Benlloch 66-72, AD500 Andorra La Vella	L-710712-V	Motti Gruzman	Motti Gruzman	Apartments and Offices – Andorra
GOUTROUX UK Ltd	United Kingdom	8 Rico House, George Street, Manchester M25 9WS	10876600	Chaim Gruzman	Chaim Gruzman	Green Palm – Goutroux, Belgium
Goutroux Holding	Belgium	Mechelsesteenweg 163, 2018 Antwerpen	BE 0681.826.757	Chaim Gruzman	GOUTROUX UK Ltd - 50% KEYSTAR VENTURES LIMITED - 50%	Green Palm – Goutroux, Belgium
GOUTROUX LAND	Belgium	Mechelsesteenweg 163, 2018 Antwerpen	BE 0686.695.662	Chaim Gruzman	GOUTROUX HOLDING (99) shares \| VAN DE KAMP Jacob, Arye, Husband of Mrs GRUZMAN Judith (1) share	Green Palm – Goutroux, Belgium
Goutroux Construction	Belgium	Mechelsesteenweg 163, 2018 Antwerpen	BE 0693.696.092	Chaim Gruzman	GOUTROUX HOLDING (99) shares \| VAN DE KAMP Jacob, Arye, Husband of Mrs GRUZMAN Judith (1) share	Green Palm – Goutroux, Belgium
KEYSTAR VENTURES LIMITED	United Kingdom	Woodberry House 2, Woodberry Grove, Finchley, London N12 0DR	9677670	Dov Bernard Friedman	Dov Bernard Friedman	Green Palm – Goutroux, Belgium
Searock Resort EOOD	Bulgaria	30 Ekzarh Yosif str, Oborishte Distr., Entr. A 1, Fl. 4, Apt. 12, 1000, Sofia	207375268	Vladislav Nemirovsky	Vladislav Nemirovsky	NA
ZW Resort AG	Switzerland	Pletschenstrasse 20 3952 Susten	CH-600.3.019.768-1	Motti Gruzman, Reto Werlen, Vladislav Nemirovsky	Motti Gruzman, Reto Werlen, Vladislav Nemirovsky	To Be Investigated
NAMER ENTERPRISE LIMITED	United Kingdom	Suite 30, 15a Market Street, Telford, England, TF2 6EL	10764130	Chaim Gruzman, Vladislav Nemirovsky (ex)	Chaim Gruzman, Vladislav Nemirovsky (ex)	To Be Investigated
Excelion Development Group LTD	United Kingdom	5 North End Road, London, United Kingdom, NW11 7RJ	10010146	Motti & Chaim Gruzman	Motti Gruzman - within 50%	To Be Investigated

Companies under Gruzmans' control
Companies under Nemirovsky's control
Company under mutual control

*We are currently investigating the intricate structure of co-owners’ control over dozens of companies around the world. The above information will be updated. Stay tuned.