Press Release: 11/7/2001 MEDINA SERVICED APARTMENTS NEW SYDNEY PROPERTY WINS PRESTIGIOUS AWARD IN ITS FIRST YEAR Australia's leading serviced apartment operator, Medina Serviced Apartments, has won the Hotel Motel and Accommodation Association�s (HMAA) prestigious Award, titled �Best Serviced Apartment Accommodation�, for its newly opened, four and a half star Medina Executive Sydney Central in Sydney. The award is recognition of Medina�s painstaking restoration of the historic building for the exclusive serviced apartments, which have enjoyed very strong patronage since they opened in the lead-up to the Sydney Olympics 2000.

Director of Medina Serviced Apartments, Mr Allan Vidor, said �Medina is delighted to gain recognition of our restoration of this beautiful old building to become a very comfortable and exciting place to stay for business travellers and holiday makers�.

The complex features 98 studio, one and two bedroom apartments, as well as rooftop, two storey Premier Loft apartments.

The studio apartments feature microwaves, tea/coffee making facilities, cooking utensils and bar fridges, while the one and two bedroom apartments have fully-equipped kitchens, laundries and lounge/dining areas separate from the bedrooms.

Medina Executive Sydney Central�s facilities include 24 hour reception, heated swimming pool, spa, gymnasium and sauna, as well as supplying pantry, dry cleaning and laundry services. The complex also provides professional business and secretarial services, video conferencing, data lines, fax and modem connections, conference, function and banquet facilities. The building, which has the highest heritage listing in NSW, was originally opened in 1918 and has served a variety of roles for Telstra, the Parcel Post Office and the NSW Railways.

This new Medina property forms a key part of the refurbishment of the western side of Central Station � now featuring a plaza, public transport interchange and vibrant retail precinct, which now includes Brasserie Europa, Starbucks, Deli France, Flight Centre. A full supermarket, Oporto Chicken/Burger Takeaway, Newsagent, Pharmacy & TLC Dry-Cleaning are expected to open soon.

Medina has been operating its own serviced apartment complexes since 1981, with a range of 15 five, four and three star operations in both city and suburban areas of Sydney, Melbourne, Canberra and Brisbane. For Further Information Call:

Michelle Fischl Tim Allerton Medina Serviced Apartments City Public Relations (02) 9356 1000 (02) 9281 7272