FW: Sri panwa Newsletter----Land At tg Pungai!

Dear Khun DANIEL, Welcome back, friends & neighbors, into Sri Panwa's busy world. It has been a few months since we last spoke and we have much to share. There are the obvious events to speak about; such as hotel updates and villa sales… as well as a few visits that even surprised us! Our residential villas are going fast, we have sold 8 more. The villas ranging from one bedroom to five bedrooms have now vanished from the market. We now have new neighbors from South Africa, France, England & Thailand. Welcome to Sri Panwa! We're sure you will enjoy the view from the top and the top of life here. With Warmest Regards, Wan Vorasit Issara Phra Thanissaro Our “Dream Maker”, Khun Songkran, just recently completed a month long journey through monk hood. He entered his monk hood on the 3rd of June, the entering was made at Wat Cholaprathan Yuwaraj Rangsarit. The Abbot who is a high rank monk, Than Panya Nandha Bhikkhu aged 94, was so kind to preside over the ceremony. Phra Thanissaro (Khun Songkran's monk name) took only one meal a day and spent most of his time meditating in a peaceful forest premise of the monastery in upcountry. In Thai beliefs, to enter a monk hood once in your lifetime is the optimum merit for a man. All close relatives and friends who attend the entering ceremony would also be blessed because of this good intention and good deed. His cup has been fulfilled and his battery had been charged full. Welcome back, Sir! www.charnissara.co.th Email: lifestyle@sripanwa.com Phone: +66 76 371-000

Maple Tree: MREAM Fund : Mezzanine Financing

Welcome to Mapletree Mapletree Real Estate Mezzanine Fund I Institutional investors who are seeking a consistent and high current yield will welcome news that Mapletree is planning to launch an Asia-wide property-linked financial products fund to be called Mapletree Real Estate Mezzanine Fund I ("MREM I"). Unlike existing REITs, this closed-end fund will invest unitholders' investments in property-linked financial products, such as high-yield loans, mortgage-backed securities and other REITs, both in Singapore and across Asia. Mapletree will manage MREM I and will be a major investor in the fund. Mapletree is presently raising third party institutional capital for MREM I and will close the fund in late 2004 or early 2005. Regional and Country-Specific Property Funds In addition to MREM I, Mapletree will create other regional and country-specific property funds catered to institutional investors who are looking for exposure into the property sector. In all cases, Mapletree will take on an active fund and asset management role and be a major investor. Being one of the major investors in the funds demonstrates Mapletree's long term commitment to the funds and aligns the manager's and third party institutional investors' interests.