SPECIAL CREDIT LINE OFFERED BY BANCO ESPIRITO SANTO

The prestigious financial institution Banco Espirito Santo offers a special credit line to those people interested in buying a share in our Beach Club.

Monthly quotas of €240, approximately. The terms and conditions of the operation include an amortizing term of up to 8 years and an annual interest rate equivalent to the Euribor index plus 2 percentage points. The related conditions will result in attractive monthly quotas of €240 a month, approximately. Probably some of our members having large families will decide to buy a further share following this comfortable modality offered by Banco Espirito Santo.

Specific conditions given by the Bank. We include next the translation of a letter received via email from Espirito Santo:

"Att. Sr Enrique Gil-Casares.

Dear Sirs,
We hereby confirm our recent conversations. Please find next the conditions under which our Bank would be ready to finance to potential buyers the acquisition of shares in Beach Guadalmina Playa Parque del Sol:
- Term: Up to eight (8) years. Monthly amortizing quotas

- Interest rate: Euribor index plus 2%
- Opening commission: 0,75%
- Advanced cancellation: exempt

Contact persons:

Madrid:BANCO ESPIRITO SANTO
Adriana Muñoz, Velázquez 108/110
Tel. 00-34-91-566.73.47

Marbella: BANCO ESPIRITO SANTO
Eduardo Maldonado. Carretera Málaga-Cádiz km 179
Tel. 00-34-952-77.72.04

Sincerely yours".