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Classic Land & Property Bulgaria Limited ?

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Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank

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Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008

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Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment

Slide 5: 

Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office

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Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction

Slide 7: 

Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008

Slide 8: 

Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008 Dr. Aharon Lev is a Bulgarian businessman with extensive interests in real estate and health care industries. Our Management Team Mr. Mayir Asher is an accountant and economist with real estate expertise extending over the last thirty years. Mr. Yehuda Glatt specializes in Commercial Law and is a senior partner in one of Israel's largest law firms. Mr. Walter Drimer has been active in a wide range of industries - including real estate – for over forty years. Building a land bank Classic Land & Property Bulgaria Limited Investor Presentation 2008

Slide 9: 

Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008 Dr. Aharon Lev is a Bulgarian businessman with extensive interests in real estate and health care industries. Our Management Team Mr. Mayir Asher is an accountant and economist with real estate expertise extending over the last thirty years. Mr. Yehuda Glatt specializes in Commercial Law and is a senior partner in one of Israel's largest law firms. Mr. Walter Drimer has been active in a wide range of industries - including real estate – for over forty years. Building a land bank Classic Land & Property Bulgaria Limited Investor Presentation 2008 Building a land bank Our Business Strategy - 1 ►Background information ♦ Past three years property prices rising by 31% pa ♦ Limited supply of “new” sites for development ♦ Strong demand for viable development sites Classic Land & Property Bulgaria Limited Investor Presentation 2008

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Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008 Dr. Aharon Lev is a Bulgarian businessman with extensive interests in real estate and health care industries. Our Management Team Mr. Mayir Asher is an accountant and economist with real estate expertise extending over the last thirty years. Mr. Yehuda Glatt specializes in Commercial Law and is a senior partner in one of Israel's largest law firms. Mr. Walter Drimer has been active in a wide range of industries - including real estate – for over forty years. Building a land bank Classic Land & Property Bulgaria Limited Investor Presentation 2008 Building a land bank Our Business Strategy - 1 ►Background information ♦ Past three years property prices rising by 31% pa ♦ Limited supply of “new” sites for development ♦ Strong demand for viable development sites Classic Land & Property Bulgaria Limited Investor Presentation 2008 ♦ Focused on the residential market - leisure & retirement homes sectors ♦ Assemble a land bank ♦ Optimize zoning and planning ♦ Create revenues from :  Sales of land  Sales of developed properties Building a land bank ►Our plans Our Business Strategy - 2 Classic Land & Property Bulgaria Limited Investor Presentation 2008

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Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008 Dr. Aharon Lev is a Bulgarian businessman with extensive interests in real estate and health care industries. Our Management Team Mr. Mayir Asher is an accountant and economist with real estate expertise extending over the last thirty years. Mr. Yehuda Glatt specializes in Commercial Law and is a senior partner in one of Israel's largest law firms. Mr. Walter Drimer has been active in a wide range of industries - including real estate – for over forty years. Building a land bank Classic Land & Property Bulgaria Limited Investor Presentation 2008 Building a land bank Our Business Strategy - 1 ►Background information ♦ Past three years property prices rising by 31% pa ♦ Limited supply of “new” sites for development ♦ Strong demand for viable development sites Classic Land & Property Bulgaria Limited Investor Presentation 2008 ♦ Focused on the residential market - leisure & retirement homes sectors ♦ Assemble a land bank ♦ Optimize zoning and planning ♦ Create revenues from :  Sales of land  Sales of developed properties Building a land bank ►Our plans Our Business Strategy - 2 Classic Land & Property Bulgaria Limited Investor Presentation 2008 Classic Land & Property Bulgaria Limited First major project ►centrally located in beautiful pastoral location ♦ Close to Spa and Leisure facilities ♦ Rezoning land from agricultural to residential use ♦ Income from both land sales & residential development Our network of experienced agents is our key to success ! Building a land bank Investor Presentation 2008

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Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008 Dr. Aharon Lev is a Bulgarian businessman with extensive interests in real estate and health care industries. Our Management Team Mr. Mayir Asher is an accountant and economist with real estate expertise extending over the last thirty years. Mr. Yehuda Glatt specializes in Commercial Law and is a senior partner in one of Israel's largest law firms. Mr. Walter Drimer has been active in a wide range of industries - including real estate – for over forty years. Building a land bank Classic Land & Property Bulgaria Limited Investor Presentation 2008 Building a land bank Our Business Strategy - 1 ►Background information ♦ Past three years property prices rising by 31% pa ♦ Limited supply of “new” sites for development ♦ Strong demand for viable development sites Classic Land & Property Bulgaria Limited Investor Presentation 2008 ♦ Focused on the residential market - leisure & retirement homes sectors ♦ Assemble a land bank ♦ Optimize zoning and planning ♦ Create revenues from :  Sales of land  Sales of developed properties Building a land bank ►Our plans Our Business Strategy - 2 Classic Land & Property Bulgaria Limited Investor Presentation 2008 Classic Land & Property Bulgaria Limited First major project ►centrally located in beautiful pastoral location ♦ Close to Spa and Leisure facilities ♦ Rezoning land from agricultural to residential use ♦ Income from both land sales & residential development Our network of experienced agents is our key to success ! Building a land bank Investor Presentation 2008 Hissar is a Spa & Health resort in the center of South Bulgaria close to Plovdiv and 160 kilometers east of Sofia Classic Land & Property Bulgaria Limited Hissar Region ♦ Generously endowed with diverse natural wonders ♦ 22 warm mineral springs ♦ Town is world famous spa resort ♦ Favourable climate ♦ Mild warm winters ♦ Early spring season ♦ Summer temperature – 22C Building a land bank Investor Presentation 2008

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Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008 Dr. Aharon Lev is a Bulgarian businessman with extensive interests in real estate and health care industries. Our Management Team Mr. Mayir Asher is an accountant and economist with real estate expertise extending over the last thirty years. Mr. Yehuda Glatt specializes in Commercial Law and is a senior partner in one of Israel's largest law firms. Mr. Walter Drimer has been active in a wide range of industries - including real estate – for over forty years. Building a land bank Classic Land & Property Bulgaria Limited Investor Presentation 2008 Building a land bank Our Business Strategy - 1 ►Background information ♦ Past three years property prices rising by 31% pa ♦ Limited supply of “new” sites for development ♦ Strong demand for viable development sites Classic Land & Property Bulgaria Limited Investor Presentation 2008 ♦ Focused on the residential market - leisure & retirement homes sectors ♦ Assemble a land bank ♦ Optimize zoning and planning ♦ Create revenues from :  Sales of land  Sales of developed properties Building a land bank ►Our plans Our Business Strategy - 2 Classic Land & Property Bulgaria Limited Investor Presentation 2008 Classic Land & Property Bulgaria Limited First major project ►centrally located in beautiful pastoral location ♦ Close to Spa and Leisure facilities ♦ Rezoning land from agricultural to residential use ♦ Income from both land sales & residential development Our network of experienced agents is our key to success ! Building a land bank Investor Presentation 2008 Hissar is a Spa & Health resort in the center of South Bulgaria close to Plovdiv and 160 kilometers east of Sofia Classic Land & Property Bulgaria Limited Hissar Region ♦ Generously endowed with diverse natural wonders ♦ 22 warm mineral springs ♦ Town is world famous spa resort ♦ Favourable climate ♦ Mild warm winters ♦ Early spring season ♦ Summer temperature – 22C Building a land bank Investor Presentation 2008 Hissar Plovdiv Sofia Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited

Slide 14: 

Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008 Dr. Aharon Lev is a Bulgarian businessman with extensive interests in real estate and health care industries. Our Management Team Mr. Mayir Asher is an accountant and economist with real estate expertise extending over the last thirty years. Mr. Yehuda Glatt specializes in Commercial Law and is a senior partner in one of Israel's largest law firms. Mr. Walter Drimer has been active in a wide range of industries - including real estate – for over forty years. Building a land bank Classic Land & Property Bulgaria Limited Investor Presentation 2008 Building a land bank Our Business Strategy - 1 ►Background information ♦ Past three years property prices rising by 31% pa ♦ Limited supply of “new” sites for development ♦ Strong demand for viable development sites Classic Land & Property Bulgaria Limited Investor Presentation 2008 ♦ Focused on the residential market - leisure & retirement homes sectors ♦ Assemble a land bank ♦ Optimize zoning and planning ♦ Create revenues from :  Sales of land  Sales of developed properties Building a land bank ►Our plans Our Business Strategy - 2 Classic Land & Property Bulgaria Limited Investor Presentation 2008 Classic Land & Property Bulgaria Limited First major project ►centrally located in beautiful pastoral location ♦ Close to Spa and Leisure facilities ♦ Rezoning land from agricultural to residential use ♦ Income from both land sales & residential development Our network of experienced agents is our key to success ! Building a land bank Investor Presentation 2008 Hissar is a Spa & Health resort in the center of South Bulgaria close to Plovdiv and 160 kilometers east of Sofia Classic Land & Property Bulgaria Limited Hissar Region ♦ Generously endowed with diverse natural wonders ♦ 22 warm mineral springs ♦ Town is world famous spa resort ♦ Favourable climate ♦ Mild warm winters ♦ Early spring season ♦ Summer temperature – 22C Building a land bank Investor Presentation 2008 Hissar Plovdiv Sofia Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Contact details: Dr. Aharon Lev: lev@classicland.co.uk Mayir Asher: asher@classicland.co.uk Walter Drimer: wdrimer@classicland.co.uk Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008

Slide 15: 

Classic Land & Property Bulgaria Limited ? Investor Presentation 2008 Building a land bank Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Introduction ♦ our company services the Bulgarian real estate market Bulgaria has - ♦ tourism and business stability as a new EU member ♦ exceptional natural beauty ♦ growing economy ► ideal market conditions for - exponential growth and return on property investment Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Welcome to Bulgaria - population 7.3 million ♦ Strategically located - crossroads of Eastern Europe ♦ Central region undergoing dynamic transition ♦ Capital in Sofia ♦ Danube & Romania in the north ♦ Black Sea in the east ♦ Turkey and Greece in the south ♦ Serbia, Montenegro & Macedonia in the west ♦ Plovdiv – Company Head Office Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Why is Bulgaria good for property investment ? * EU Member * Major tourism ~ 20 million+ by 2010 * Bulgaria is in early stage economic development * Building with minimal environmental impact * Stable government * High GDP @ 6% pa * Substantial Foreign Direct Investment * Low & attractive property prices * Continued European funding * Quality design construction Building a land bank Classic Land & Property Bulgaria Limited Our Strategic Advantages * International business expertise * Local knowledge of the Bulgarian market * Our own network of experienced agents * Company offices in Plovdiv Investor Presentation 2008 Dr. Aharon Lev is a Bulgarian businessman with extensive interests in real estate and health care industries. Our Management Team Mr. Mayir Asher is an accountant and economist with real estate expertise extending over the last thirty years. Mr. Yehuda Glatt specializes in Commercial Law and is a senior partner in one of Israel's largest law firms. Mr. Walter Drimer has been active in a wide range of industries - including real estate – for over forty years. Building a land bank Classic Land & Property Bulgaria Limited Investor Presentation 2008 Building a land bank Our Business Strategy - 1 ►Background information ♦ Past three years property prices rising by 31% pa ♦ Limited supply of “new” sites for development ♦ Strong demand for viable development sites Classic Land & Property Bulgaria Limited Investor Presentation 2008 ♦ Focused on the residential market - leisure & retirement homes sectors ♦ Assemble a land bank ♦ Optimize zoning and planning ♦ Create revenues from :  Sales of land  Sales of developed properties Building a land bank ►Our plans Our Business Strategy - 2 Classic Land & Property Bulgaria Limited Investor Presentation 2008 Classic Land & Property Bulgaria Limited First major project ►centrally located in beautiful pastoral location ♦ Close to Spa and Leisure facilities ♦ Rezoning land from agricultural to residential use ♦ Income from both land sales & residential development Our network of experienced agents is our key to success ! Building a land bank Investor Presentation 2008 Hissar is a Spa & Health resort in the center of South Bulgaria close to Plovdiv and 160 kilometers east of Sofia Classic Land & Property Bulgaria Limited Hissar Region ♦ Generously endowed with diverse natural wonders ♦ 22 warm mineral springs ♦ Town is world famous spa resort ♦ Favourable climate ♦ Mild warm winters ♦ Early spring season ♦ Summer temperature – 22C Building a land bank Investor Presentation 2008 Hissar Plovdiv Sofia Building a land bank Investor Presentation 2008 Classic Land & Property Bulgaria Limited Contact details: Dr. Aharon Lev: lev@classicland.co.uk Mayir Asher: asher@classicland.co.uk Walter Drimer: wdrimer@classicland.co.uk Classic Land & Property Bulgaria Limited Building a land bank Investor Presentation 2008 Building a land bank 8 Belgrad Street, Plovdiv 4003, Bulgaria Classic Land & Property Bulgaria Limited Investor Presentation 2008