Swiss-Belhotel International, the manager of hotels, resorts and serviced Residences in Asia, is pleased to announce that on July 14th hotel management agreement for the soon-to-rise Swiss-Belhotel North Oriental Garden Suites & Residences at Edsa North Triangle was signed with EDSA 999 Properties Development Corporation. The management agreement is the second in the Philippines for Swiss-Belhotel International, its first managed property in the country being The Linden Suites, which is continuously setting benchmarks in terms of Service Excellence. Swiss-Belhotel International enjoys a reputation as a leading name in hotel management, with more than 20 years of experience and strong global brand recognition.

The Swiss-Belhotel North Oriental Garden Suites & Residences, set to open in the last quarter of 2009, will be a 30-storey condotel property comprised of 300 rooms in a prime location right at EDSA across SM North Edsa. Only a stone��s throw away from the newly-opened Trinoma Mall, it will feature a fine dining restaurant, a grand ballroom that can accommodate up to 500 guests, 3 function halls, gift shop, deli, a heated swimming pool, and sauna rooms, showers and a gym inside the health club. Aside from being Wi-Fi enabled, the hotel��s Business Center will be equipped with the latest in Information Technology to make business procedures a breeze for guests. Parking will not be a problem as there will be multi-level parking for guests while the roof deck will feature a serenity garden, playground, multi-purpose hall and meditation rooms. Buyers of the condotel units can choose from studio, one-, two- or three-bedroom, bi-level or the limited loft units. Each unit is equipped with comprehensive fire and security systems, wide picture windows to provide a sweeping view of the metropolis, provisions for cable TV, phone and Wi-Fi services.

We are proud to add the Swiss-Belhotel North Oriental Garden Suites & Residences to our growing range of managed properties. Judging by the consistently impressive achievements of our first property, The Linden Suites, here in the Philippines, we have no doubt that the partnership will prove to be very fruitful for both our companies, and for the hotel guests & condotel unit buyers as well,�� says Gavin Faull, President of Swiss-Belhotel International.

We are currently under negotiations for other properties in the country specifically those in key destinations like Baguio, Boracay, Bohol, Palawan, Cebu and Tagaytay. The Philippines is one of the fastest growing areas in the Asia Pacific region for the hotel and hospitality industry. We are thrilled that Swiss-Belhotel International can be an integral part of this dynamic growth of the country��s tourism industry,�� Swiss-Belhotel��s Vice President, James Tam, declares.

Headquartered in Hong Kong (SAR), Swiss-Belhotel International manages hotels in the Asian region and in the Middle East including hotels in CHINA Changchun, Hefei, Wuhan (2 Hotels) INDONESIA Jakarta, Bandung, Semarang, Borneo Banjarmasin, Kalimantan, Bali (3 Hotels), Jayapura, Kalimantan (opening 2008), Medan (opening 2008), Makassar (opening 2009), Mangga Besar-Jakarta (opening 2009), Manokwari, Manado (opening 2008) VIETNAM Hanoi, Halong Bay, Danang (opening 2006), Hoi An MALAYSIA (opening 2009) PHILIPINES Manila KUWAIT Kuwait, QATAR Doha (opening 2009).

Note Information on existing operations and opening hotels is subject to change without prior notice �V visit www.swiss-belhotel.com for the details.

Swiss-Belhotel International Ms. Bonnie Wai Corporate Head Office Unit 904, 9/F, AXA Centre 151-159 Gloucester Road, Wanchai, Hong Kong SAR Phone +852 2836 5555 Facsimile +852 2893 9555 bonnie@swiss-belhotel.com www.swiss-belhotel.com

SWISS-BELHOTEL NORTH ORIENTAL GARDEN SUITES AND RESIDENCES MANILA, PHILIPPINES

30-storey condotel, featuring 360 rooms Prime residential location in Quezon City, offering superb shopping as well as leisure infrastructure. In close vicinity of government institutions, hospitals, parks, major schools, universities.

Each unit is equipped with comprehensive fire and security systems, wide picture windows to provide a sweeping view of the metropolis, provisions for cable TV, phone and Wi-Fi services.

Facilities include: - Business Center - Restaurant - 3 function halls and a Grand ballroom which accommodates up to 500 guests - Gift shop and deli - Indoor swimming pool, sauna and fully equipped gymnasium - Parking

Contact: Mr. Thomas Egloff �V Director of Operations and Marketing Swiss-Belhotel International Corporate Office Hong Kong Unit 904, 9/F., AXA Centre, 151 Gloucester Road, Wanchai, Hong Kong Tel: +852 2836 5555 Fax: +852 2893 9555 thomasegloff@swiss-belhotel.com