Cambie-Gastown - Purchased in 1990 for $1.4 million; appraised at $11.397 million in September 2007. ( As is value )

Cambie-Seymour - purchased in 1995 for $1.6 million; appraised at $6.4 million in August 2006.

Country Club Mall Nanaimo, Liquor Retail Store appraised at $4.4 million.

Cambie-Nanaimo - purchased in 1995 for $850,000; appraised at $3.5 million in September 2002.

Cambie-Esquimalt - purchased in 2001 for $1.985 million; appraised at $5.8 million in August 2006.

Properties are appraised at improved value except for the Cambie Gastown appraised at as is value.

 

See Offering Memorandum for full disclosure.

 

Bankers. HSBC Auditors: PriceWaterhouseCoopersLLP