Adriatic Apartments Investment Opportunity

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A Unique Investment Opportunity on the Adriatic Coast

ADRIATIC APARTMENTS

SVETI STEFAN CRVENA GLAVICA, BUDVA, MONTENEGRO

January 2011

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A unique opportunity to buy land and a real estate project at an exquisite location on the

coast of the Adriatic sea in Montenegro, one of the most beautiful tourist destinations in

the world, to build and sell 41 luxurious apartments, all with amazing see views in a

apartment complex designed by an award winning architect.

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Nominal GDP of Montenegro was $4.114 billion in

2009. The GDP PPP for 2009 was $6.916 billion, or

$11,048 per capita. According to Eurostat data,

the Montenegrin GDP per capita stood at 46% of

the EU average in 2008.

GDP grew at an impressive 10.7% in 2007 and

7.5% in 2008. The country entered a recession in

2008 as a part of the global recession, with GDP

contracting by 4%. However, Montenegro

remained a target for foreign investment, the only

country in the Balkans to increase its amount of

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to exit the recession in mid-2010, with GDP

growth predicted at around 0.5%.

In 2007, the service sector made up for 72.4% of

GDP, with industry and agriculture making up the

rest at 17.6% and 10%, respectively. Aluminum

and steel production and agricultural processing

make up for most of the industrial output.

Tourism is an important contributor to

Montenegrin economy. Approximately one million

tourists visited Montenegro in 2007, resulting in480 million of tourism revenue. Tourism is

considered the backbone of future economic

growth, and government expenditures on

infrastructure improvements are largely target

towards that goal.

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AN IMPORTANT NOTICE FOR POTENTIAL PURCHASERS

The content of this document is provided for the sole purpose of considering the purchase of

the real estate project. The content of this document may not be used for any other purpose

or be copied, distributed, disclosed or made available to a third party without explicit prior

written consent of the owner of the project.

The content of this document is based on information assembled from sources which we

deem reliable. We bear no responsibility for and do not guarantee the completeness, accuracy

and correctness of data contained in this document.

Potential purchasers must carry out their own investigations, projections and reach their own

conclusions. If the owner decides to proceed with the sale, potential purchasers will be

expected to carry out their own due diligence in relation to the subject of sale, which includes

any such inspections as they deem necessary to determine the state of the object of sale and

the existence of any circumstances which could have an adverse effect on the object of sale in

terms of its value or potential for the development of the real estate project.

In relation to the foregoing the companies we do not provide any explicit or implicit

guarantees.

Adriatic Apartments Investment Opportunity

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