Phoenicia Finance Company p.l.c.

Mark David Shaw

Mr. Mark D. Shaw, through his shareholding in PHL, acquired PML and PHCL on 09 July 2013. Mr. Shaw has been the driving force behind the refurbishment of the Phoenicia Hotel and has overseen its recent redevelopment and will continue to be fully involved in future phases of the development process of the Hotel. Mr Shaw is an entrepreneur and property developer with extensive experience in development, particularly within the leisure sector in Europe.

Mr Shaw is the Chief Executive Officer of Hazledene Group Limited, a development company incorporated in 1998 and based in Edinburgh, which develops commercial and residential properties. The Hazledene Group has a number of residential development sites under its ownership and management, with its most recent venture being the creation of a new town situated at Stratton, Inverness, Scotland, involving the construction of 750 residential units at initial phase, having infrastructure of circa €8 million under construction. At completion stage, it is envisaged that the development will have in excess of 1,500 houses, retail, leisure, school and public health facilities. Mr Shaw became the Chief Executive of Recreaction SRL, following his acquisition thereof in 2012, which company owned and operated The Pragelato Village Resort in the Italian Alps. In 2013, the resort was redeveloped and then leased for 15 years to a French listed company and is now Club Med’s premier Alpine Village. Following its redevelopment, Mr Shaw sold the resort to HSBC Assurance. Further, Mr Shaw is the sole ultimate owner of The Park Inn by Radisson, located in Aberdeen, Scotland, which opened in 2010 as a 185-bed hotel. The hotel was constructed and completed together with adjoining offices which presently locate two major oil services companies’ global headquarters.

Mr Shaw is also a director of two Spanish companies that recently purchased over 300 hectares of land near Murcia, for the execution of a large leisure and residential development, which commenced in September 2018. Mr Shaw was also the Chief Executive of Urbicus Limited which managed the purchase and realisation of over €750 million of distressed banking assets in the UK, during the period 2011 to 2018. Urbicus’ subsidiary Castle Capital lends development finance to third party developers, and has recently funded two successful hotel developments in Glasgow, Scotland, as well as other commercial projects. Prior to his property development career, Mr Shaw was a professional racing driver, in various categories. He has raced for TWR Arrows F1’s Junior Team in British Formula 3, as well as the International and Italian Formula 3000, amongst others. Mr Shaw continues to race historic Formula Junior in the FIA Lurani championship, and has won several races in recent years in both Europe and the USA. Mr Shaw is also a member of the First Minister of Scotland’s Sustainable Growth Commission.