Cape Verde II No. 7 Fund

Fund Closed	12th December 2008
Redemption Date	31st March 2011* (revised)
Cost of "right to purchase" (RTP) contracts	€28.7 million
Date of next set of audited accounts	30th June 2010

Links to CISX announcements:

Final results 30th June 2009
http://www.cisx.com/listedsecuritynewsdisplay.php?newsID=44495

Interim Results 31st December 2009
http://www.cisx.com/listedsecuritynewsdisplay.php?newsID=47960

Net Asset Value
Net asset value (NAV) per share as at 31st December 2009 - €54.35

Further Information:

This Fund invested into Paradise Beach in Sal and Fortim Mindelo in Sao Vincente.

The Fortim Mindelo development will have Nikki Beach as resort operators and will offer top class facilities associated with this luxury brand.

The latest Fund update can be found under the Literature Library section.

* This is an indicative date, subject to various factors disclosed in this Supplemental Memorandum, in particular, the completion and re-sale of "right to purchase" contracts and developments.