Stirling Mortimer and EquityBridge Capital Development Finance Fund S.A. No1 Limited

Stirling Mortimer and EquityBridge Capital have launched the Development Finance Fund S.A. No1 Limited which will close to subscription on Monday 5th July 2010. The €150m Fund is a highly collateralised asset-backed income product that will offer investors returns of 4.8% above LIBOR in years 1, 2 and 3 and 5.8% above LIBOR in years 4 and 5. The Fund will maintain a loan to value ("LTV") ratio of less than 60% and will also benefit from a 25% upside equity participation in the profits of the developments (after a predetermined benchmark developer return).

The returns for the Fund will be realised through the provision of construction finance for the development of two of South Africa's most prestigious golf resort developments - Lagoon Bay Lifestyle Estate and Waterkloof Hill Estate. The Fund has the ability to provide the developers with financing at very competitive rates in comparison to the lending rates available locally in South Africa and will receive first charge collateral security over the developments.

Lagoon Bay and Waterkloof will provide prestigious residential properties, leisure facilities, five star hotel complexes and Retief Goosen signature international championship golf courses. Both resorts are capitalising on the changing nature and increased demand for golf estate living in South Africa and have already seen strong demand from local investors.

The main features of the Fund are as follows;

• 4.8% above LIBOR in years 1, 2 and 3 and 5.8% above LIBOR in years 4 and 5
• Adviser remuneration 4% plus 0.25% fund based renewal
• Available to SIPP/ SSAS/ ISAs/ Trusts as well as direct corporate and personal investment
• Minimum investment £50,000 or €50,000 or US $50,000
• Auditors; BDO
• Advocates; Ozannes
• Bankers RBSI Ltd
• Closing date 5th July 2010

The prospectus, application form and sales marketing literature are all available under the literature library. If you require hard copies please contact christine@stirlingmortimer.com

To arrange a meeting with our Sales Managers please contact Mark Wheatley on 07894 585953 (North, Midlands, South West & Wales) or Trevor Sayce on 07976 354915 (London, South East & Scotland).