Economic reasons why Room to Invest have chosen Morocco.

• Morocco authorities set to implement measures to bring in 10 million tourists a year by 2010 as well as 1,300 weekly flights tourist numbers increased by 14% in 2007/2008 alone and this is expected to propel hotel room occupancy and hotel valuations significantly
• Morocco GDP growth in 2008 and 2009 is expected to be a robust 6%* compared to under 2% in the UK
• The search for attractive yields is proving extremely difficult in a lacklustre UK property market, with no end to the weakness forecast in the short term
• At Room to Invest we believe Moroccan property prices are set to continue to generate robust gains
• Opportunity to benefit from a share of the proceeds solely attributable to your hotel room if the hotel is sold by the Company or if you decide to sell your hotel room(s)
• Room to invest offers assistance in sourcing a buyer should you decide to sell your hotel room(s) through an established trading platform.
• Operating margins in Marrakech are particularly attractive around 50% compared with less than 20% in much of the UK, which makes hotel operation very lucrative
• Marrakech itself is the organisational hub of Southern Morocco, and as the country's second largest city with a thriving industrial sector it is well-placed for further growth

*Source: Fitch
**Source Bloomberg: 31 May 2007 31 May 2008, Morocco Real Estate Index (MCIMMOB)