Dutch ECC Group Announces the Launch of
“Promenada @ Canary” and "Promenada Chiang Mai"

Caption (from left to right):
Dion L.J. Heijmans, Founder and Chairman of ECC Group Supervisory Board, Dutch Senator Hans Hillen, Member of ECC Group Supervisory Board and Tjeert Kwant, Chief Executive Officer and Partner of ECC Group, at the press conference to announce the launch of Promenada Chiang Mai.

Ho Chi Minh City, March 11, 2009 - Dutch property conglomerate, the ECC Group, has officially announced the launch of a new landmark shopping and entertainment destination in Vietnam: "Promenada @ Canary".

ECC has formed a joint venture with Guocoland Vietnam, an investor and real estate developer from Singapore. Promenada @ Canary has USD 33 million in registered capital, in which the ECC Group holds 80% of the joint venture company and Guocoland holds the remaining stake. When completed, Promenada @ Canary will employ 3,000 Vietnamese people. Construction is scheduled to start in the second half of 2009 and will provide thousands of jobs to local workers.

With 82,000 sqm of retail and entertainment space, Promenada @ Canary will offer an innovative mix of international and local fashion brands, food and beverage concepts, as well as leisure and entertainment. The project’s Phase I is expected to be completed in Q3 2011 and Phase II in Q4 2012 and upon completion will be Vietnam’s first international standard destination mall.

Bangkok, March 17, 2009 – ECC Group is pumping vigor and confidence in Northern Thailand by officially announcing the launch of Promenada Chiang Mai, the future shopping and entertainment landmark in the region.

Representing an investment of Baht 3.1 Billion (USD 88.5 Million) and expected to open in the second half of 2011, Promenada Chiang Mai will feature 75,000 sqm of retail and entertainment space, offering residents and tourists alike an innovative mix of international and local brands in fashion, food and beverage, as well as leisure and entertainment.