Today, Fairfax I.S. PLC successfully completed the Introduction to AIM of Agua Terra Limited (the “Company”). The Company is the first development company dedicated exclusively to high quality mixed-use leisure real estate projects in Southeast Europe to be quoted on AIM.

Incorporated in July 2008, the Company aims to establish itself as a leading developer and operator of high quality mixed-use leisure real estate projects in Greece and Cyprus. Its initial focus is on development opportunities within Greece and intends to expand into Cyprus within the next two years, when circumstances allow.

The Company’s market capitalisation on Admission is €9,012,500. The Company will be traded under the symbol AIM: ATE.L

Key Points:

• The Company will aim to develop projects which include or which are planned to include, one or more of the following elements:

- Premium residential units with one or more aspects of leisure development, such as golf courses, health spas or hotels;
- Senior assisted-living communities which may include technologically advanced homes, 24-hour on-site nursing care, pre-arranged access to a nearby hospital, local amenities (including restaurants, shops, etc.) and leisure facilities; or
- Exclusive coastal gated communities with a leisure and/or a serviced residence element.

• The Directors anticipate that all projects, with the exception of those that include golf courses, will be located in coastal areas of Greece and Cyprus (the “Region”) and within an hour’s drive from an international airport.

• The Company will utilise premium branding, marketing and global distribution channels, including Terra Sotheby’s International Realty, the licencee of Sotheby’s International Realty in the eastern Mediterranean. Sotheby’s International Realty is one of the premier real estate brokerage, marketing and branding companies in the world. The Principal Shareholders of the Company control Terra Sotheby’s International Realty.

• The Company holds an option over a development project located in Mykonos, Greece which requires a minimum aggregate investment commitment of up to €8.3 million. The Mykonos development comprises a premium serviced residence project spread over three separate locations on the island.

• The Directors believe the successful completion of the Mykonos project would be the first step towards establishing the Company as a leading developer in the high quality mixed-use leisure real estate sector in the Region.




Listing Exchange: AIM
Listing Date: 3 October 2008
Nomad and Broker: Fairfax I.S. PLC