Baltic Real Estate Investment Strategy

Broadgate Capital invests in prime land plots suitable for residential or commercial development, and yield generating buildings in the capital and secondary cities of the all three Baltic States.

Properties will be targeted where the potential for growth in residential demand is high, or where the Fund can add value to buildings through development, improving commercial concepts or by more professional property management.

The entire real estate portfolio will be valued twice a year by an independent real estate appraiser. The results of the yearly appraisal will be used as the basis for valuation in the Company’s annual report.

Broadgate Capital manages two property funds:

Fund	Minimum Subscription	Issue Price
Baltic Investment Holdings	Closed for subscriptions in 2005
New Europe Opportunity Fund	Closed for subscriptions in 2007