Banyan Tree Holdings Limited has signed a new management contract for their first Angsana Resort and
Spa by the Dead Sea in Jordan.

This new management contract follows from the Group’s continued strategy
of expansion in the Middle East. This is the Group’s ninth property in
the region and adds a sixth project in the portfolio of Angsana
properties which are currently being developed in Abu Dhabi, Dubai (two
properties), Fujairah and Oman.

‘We are very pleased to be able to bring our brand of Asian hospitality
and wellness that is steeped in culture and historical significance into
a destination that is equally rich in culture and history. Angsana
Resort and Spa Dead Sea will further our desire to provide our guests
with truly unique experiences throughout the Middle East,’ said
Executive Chairman, Mr Ho Kwon Ping.

Angsana Resort and Spa Dead Sea is developed by the British led
Belavista Overseas Investment Corporation and is located on one of the
last remaining beachfront sites with a stunning vista of the world
famous Dead Sea in Jordan. Designed by WATG, the development is
scheduled to be completed in 2011 and will see a total of 220 hotel
rooms and suites, 256 residential apartments that will be offered for
sale, a first on the Dead sea, ranging from one bedroom to three bedroom
suites, multiple F&B outlets including an All Day Dining Bistro,
specialty restaurant, lobby bar and conference facilities of more than
800 seats upon completion.

Guests staying at the resort can also avail themselves to a rejuvenating
Asian spa experience at the award winning Angsana Spa which will be the
signature feature of the development. Spread out across an area of more
than 3,500 square meters, the Spa will have at least 26 treatment rooms,
10 massage rooms, heated indoor and outdoor swimming pools, exercise
studios and a fully equipped gymnasium. This integrated facility will
provide the guests with a holistic wellness experience that harnesses
the natural and curative properties of the Dead Sea.

These new developments are not expected to have any material financial
impact on the Group’s earnings and its net tangible assets for 2007.
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