CIBT Investor Presentation v 90 Toby Y Chu

CIBT Investor Presentation v. 90 Toby Y. Chu President and CEO This document is for information purposes only and is not an offer to sell, nor a solicitation of an offer to purchase, any securities. It does not purport to contain all of the information that a prospective investor may require and it is not intended to provide any legal, tax or investment advice. TSX: MBA OTCQX: MBAIF Corp Video

CIBT Group & Subsidiaries 19 6 7 6 Business college campuses under Sprott Shaw College - SSC Language school campuses under Sprott Shaw Language College - SSLC Student housing apartments & hotels in Metro Vancouver, including the Super & Mega Centers in Richmond/Surrey under Global Education City - GEC Overseas campuses under CIBT School of Business and Beihai International College - CIBT 1 5 Ontario high school under Urban International School - UIS 1 CIBT Corporate head office in Vancouver, which includes Irix Design Group Inc. 45 CIBT Education Group Inc. Recruitment offices in Asia under Global Education Alliance – GEA Total Locations 500+ staffs 15, 000 annual enrollments 2

CIBT Student Pipelines to GEC 42+ Countries 20, 000+ Student access 140+ Partnerships • Domestic • International 15, 000 Placements Develop Serviced Apartments and Hotels for Students We Source. We Educate. We Develop. CIBT Education Group Inc. 3

GEC Business Formula Real Estate Supported by Education STUDENT APARTMENT & HOTEL DEVELOPMENTS LOCATION Always near Skytrain station or major traffic artery HIGH YIELD ROI 8 - 10% cash flow Return-on-Investment every year for each project APPRECIATION ROC High Yield + Location = Lower Cap Rate 100+% Return-on-Capital upon exit SUPPORTED BY AN EXPANSIVE EDUCTAION PLATFORM STUDENT PIPELINE CASH FLOW Students from over 42 countries and over 140 B. C. schools guaranteeing diversity and a large client base Prepaid tuition & steady Rental Income significantly reduces the cash flow risk of real estate development CIBT Education Group Inc. 4

Market Size in Canada is an important market player for international students 600, 000 1. United States Number of International Students In Canada $20 Billion in Spending QS Best Student Cities 500, 000 2017 Ranking 1. Montreal 400, 000 10. Vancouver 11. Toronto 2. United Kingdom 3. Australia 300, 000 5. Canada 200, 000 9. China 100, 000 $11. 4 $20 Billion Annual spending by international students in 2016 (ICEF) 0 2008 Billion 2009 2010 2011 # of Students (Actual) 2012 2013 2014 2015 2022 # of Students (Estimate) Canada had approximately 350, 000 international students in 2015, including short term language students, the number was nearly 450, 000. Government plans to double the size of international student population CIBT Education Group Inc. 5

Market Size for Student Housing in Metro Vancouver 20% est. 130, 000 30% 10 k/year International student growth in 2015 Average rent 0. 2% $1. 3 billion International student growth in 2014 International students in B. C. + domestic students Current vacancy rate Market size 6, 000+ $2. 6 billion Waitlist for UBC Dorm Projected market size by 2022 Canada was named #2 Best Education Country in the world by US News Global TV CIBT Education Group Inc. 6

Cost Effective & Privacy Hotel lay-out during Summer Plenty of Study and Storage Space Shared Accommodation during Academic Seasons from Sept to June CIBT Education Group Inc. 7

GEC Granville Kitchen, Dining & Lounge Metro Vancouver 840 Beds Fully Equipped Shared Kitchen Student Lounge Dining Room CIBT Education Group Inc. 8

Strategically Located GEC Burnaby Heights GEC Viva GEC Granville GEC King Edward II GEC Pearson GEC Education Super Center GEC Education Mega Center Subway Stations GEC Projects CIBT Education Group Inc. Select Education Institutions 9

Project Summary GEC Viva § Downtown Vancouver § ~210 beds § Currently operational § Purchase Price: $35 M § Appraised value: $54 M § 100% occupied GEC Granville § Downtown Vancouver § ~240 beds § Currently operational § Purchase Price: $37. 5 M § Appraised value: $56. 5 M § 95% occupied GEC Burnaby Heights § North Burnaby § Serviced apartment: 30 residential units + commercial units § 95% occupied § Purchase price: $17. 75 M § Appraised value: $24. 2 M GEC Pearson § Cambie and 60 th Ave, Vancouver § ~330 beds § Aug 2017 completion § Purchase price: $42. 5 M § Appraised value: $65 M GEC King Edward § Cambie and W King Edward Ave, Vancouver § ~184 beds § 2019 completion § Estimated value $36 M GEC Education Super Center § Project Cost $182 M § Estimated Exit Value: $261 M § $11+M Phase I investment completed § $59 M investment in Phase II and III in 2017 / 2018 GEC Education Mega Center § Project Cost $230 M* § Estimated Exit Value: $296 M § $6+M Phase I investment completed § $69 M Phase II - IV investment from 2017 -2019 * 10% contingency included on top of estimated costs 10

Flagship Project 1: GEC Super Center Richmond 750 Beds $19. 7 M Projected Annual Rental Income 15+ Schools & Hotel with 1, 000+ beds $182 M Estimated Purchase Price $11. 7 M Projected EBITDA 8. 7% Projected Annual ROI $261 M Projected Valuation CIBT Education Group Inc. 11

Flagship Project 2: GEC Mega Center Surrey • • • 840 25+ Schools Beds 1, 200 Hotel Beds Agents Offices Shared Amenities Library IT & HR Centres Food Court Fitness Centre Study Lounge Auditorium $18. 8 M Projected Annual Rental Income $13. 4 M Projected EBITDA 9. 6% Projected Annual ROI $230 M* Total Project Cost $296 M Projected Valuation * 10% contingency included CIBT Education Group Inc. 12

Financial Overview Audited Selected Financial Information as of F 2016 Aug 31, 2016 (in millions CAD) 12 Months Ended August 31, 2016 August 31, 2015 August 31, 2014 Total revenues $36. 11 $32. 18 $30. 94 -$19. 83 -$19. 34 -$19. 73 $9. 78 $7. 62 $0 $10. 67 $6. 96 ($2. 21) Gain on Disposal of Education Subsidiary $3. 83 $0 $7. 03 Net income $9. 22 $6. 0 $5. 31 Net Income Attributable to CIBT Education Group Inc. shareholders $3. 91 $1. 04 $5. 16 $102. 35 $80. 67 $41. 7 Long-term liabilities $29. 33 $24. 34 $1. 12 EBITDA (Non-IFRS) Earnings Before Interest Taxes Depreciation Amortization $12. 32 $8. 08 ($1. 00) $0. 06 $0. 02 $0. 08 Less: General and administrative expenses Add: Gain on fair value changes in investment properties Income – Before Income Taxes Total assets EPS after Non-Controlling Interest to CIBT shareholders (in dollars) CIBT Education Group Inc. 13

Areas of Growth 2015 A 2016 A 2017 E 2018 E Educational Revenues 27, 248, 686 27, 192, 358 33, 050, 000 48, 635, 000 Rental Revenues 647, 046 4, 959, 459 6, 773, 066 11, 590, 264 Development Fees 2, 582, 023 1, 713, 737 5, 875, 000 26, 750, 000 Other Revenues 1, 701, 196 2, 248, 590 1, 865, 987 1, 921, 967 Total Revenues $32, 178, 951 $36, 114, 144 $47, 564, 053 $88, 897, 231 Net Income EBITDA EPS (Net of NCI) $6, 000, 774 $9, 215, 414 $12, 494, 447 $28, 712, 115 $12, 323, 221 $8, 079, 992 $18, 179, 001 $41, 530, 515 $0. 02 $0. 06 $0. 08 $0. 18 CIBT Education Group Inc. 14

Awards & Recognitions v “Top 100 Most Profitable Companies in BC” Business in Vancouver - #56 CIBT Education Group Inc. v “Canada’s Fastest Growing Companies” Profit Magazine 2003 - 2015 v “Top 1000: Exclusive rankings of Canada’s most profitable companies” Globe and Mail, Report on Business 2013 v “Top 100 Public Companies in BC” Business in Vancouver Newspaper 2012 - 2016 v “Top 100 Largest Public Companies” BC Business Magazine 2012 - 2016 v “Top 5 Sino-Foreign Colleges in China 2008” edu. qq. com v “Premium Growth Award – featured 8 times in 15 years” Profit Magazine 2014 v “Top 100 Most Profitable Company in B. C” Business in Vancouver 2015 -2016 v “Best Practice in Automotive Education” IFC World Bank, Washington, DC v “China’s Most Influential Sino MBA Program 2004 & 2007” Executive Weekly Magazine v “Canadian Success Story, Leading the way to Asia” Asia Pacific Foundation, Canada v “ 3 rd Most Luxurious Student Housing Community in Canada; 7 th in North America” Places 4 students. com CIBT Education Group Inc. 15