The Company allied with an Indian partner to purchase 50% from the mall under construction in the area of the city Ludhiana, for the price that includes additional expenditures until the completion of construction of the mall, at a total cost 75 million American Dollars. The mall is expected to open at the end of 2009.

The image is for illustration purposes only.

The above mentioned, with regards to the intent of the buyer and the preparation of the company are within the realm of future-looking information. These preparations rely, inter alia, on inspections that were arranged by the company and on evaluations of local consultants that are employed by the parent company. There is no certainty that if the lands are purchased it will be possible to change their designation as specified and to construct on them structures to the extent specified, and there is no certainty that the extent of the investment will not deviate from the predetermined amount above, inter alia, in light of the early stage of the process and the lack of specified plans for the project.