▪ High capital growth potential o This is a turn-key, off-plan investment opportunity with completion expected in Q3-2009. o The project is located in one of the fastest growing districts (Modrany, P12) in the city of Prague- with an average capital growth of 12% in 2006. o The project location next to a 125 hectare nature reserve whilst at the same time being accessible within a few minutes by car as well as by public transport to the city center, make it an extremely attractive project on the local market. o Based on the high growth of the area and anticipated demand from the local market and taking into consideration the successful record in his other residential projects in Prague, the developer is expecting to increase prices by cca 15-20% over the build-cycle of the project, with a 7% increase scheduled in the immediate future. o Investors can benefit from no capital gains tax if the property is held for at least 5 yrs.

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