18.05.2007

for Financial Institutions – Cyprus May 30 – 31, 2007

The second major Cyprus Conference designed for financial institutions inEurope will be held in Limasol, Cyprus (Mediterranean Hotel) on May 30th –31st 2007.

On the first day, May 30th, the focus will be on the opportunities forinvestment in international equities, with a particular attention to the dynamicmarkets of Central Europe and Central Asia.

The focus of the second day will be on real estate markets, especially inCentral Europe, i.e. Baltic, Bulgaria, Romania, Croatia, Slovenia, Greece,Cyprus and Ukraine. Also, special focus will be to show the principaldifferences between Growth Investing and Value Investing in the major US andEuropean stock markets.

Individual attendees may also arrange a one-to-one private consultation withany of the individual portfolio managers or real estate project managers whileall of these specialists are in one place at the same time.

For more information see the enclosed program, as well as the registrationform below.

IMPORTANT: This letter is confidential and for the sole use of the addresseeof this letter. Addressees may not reproduce or transmit this presentation, inwhole or in part, to third parties.

Conference programme