Djibouti Palace nears completion

Now in count-down mode prior to opening of Phase II in Fall 2008, construction of
the multi-billion-dollar Djibouti Palace Kempinski is well underway.
As floors of the hotel extension quickly will go up, on ground floor are poured many
Shops & Boutiques, and a spectacular 250 smq Fitness Center, locals and tourists
alike will enjoy from Spa therapies to cutting edge therapies. Whether your idea of
spa travel means a long soak in the bath, visiting a day spa or escaping to a luxury
spa destination, the Djibouti Palace Kempinski will be your source for the best in
healthy living.

Upon completion, The Djibouti Palace Kempinski will be among the largest resort
community developments in the African Continent, looking northward on one of the
most untouched surrounding of Africa, between the Red Sea and the Indian Ocean.

The Djibouti Palace Kempinski will features a combined total of up to 400 lodging
accommodations including Kempinski-branded condominium residences in one, two and
three-bedroom designs, an impressive conference center accommodating up to 1000 for
banquets, several restaurants, a variety of bars, 24-hour room service, Casino,
Disco and a full-service spa with many treatment rooms.

The exclusive residences are another key point of distinction. The residential
community in Djibouti will have new and different luxury enclaves, easy air access
and a unique cultural experience, making it become the newest “place to be” in the
Horn of Africa. Life lushly imagined in Djibouti will consist of a luxury lifestyle
combined with ecological and cultural sensitivity.