PRESS RELEASE

Shopping MallDova is officially opened

Chisinau, 12 November 2008 The first large format retail and entertainment commercial center in Moldova, Shopping MallDova officially opened on 12th November, following an investment of 50 million euro.

The opening of Shopping MallDova is the most important event in Chisinau's retail and leisure history. Built by the Representative of Summa S.A in the Republic of Moldova, on four levels, totaling 70,000 square meters construction area with approximately 25,000 square meters leasable area, the commercial center will have more than 100 shops, a supermarket, part of the international chain Fourchette, which will cover 2300 square meters, a multiplex cinema with six screens part of the Patria Cinema network, interactive electronic games, bowling alley, a playground for children and various leisure options.

In Shopping MallDova, the central atrium with a splendid glass dome and sleek still arches, will lend to the distinctive structural beauty and natural light. In addition to the interior design, the contemporary glass facade used on the exterior of the building will set Shopping MallDova among the most attractive buildings and landmarks in Moldova. Large openings between the levels will ensure high visibility for the retailers. The vertical circulation will be ensured by 4 escalators, panoramic elevators and staircases in each floor and travelators between underground parking and ground floor. As well Shopping MallDova will offer to its visitors 750 underground parking lots.

Shopping MallDova will be the largest and prime retail destination in Chisinau. Unique architectural features will ensure a rich and varied shopping experience in which international brands will be combined with domestic favorites. Shopping MallDova will gather under one roof new famous brands that will open their first shop in Chisinau. Among these we can mention: Debenhams, Rock & Roll Bowling, Diverta, Forever 18, Koton, Lacoste, Pennyblack, Irina Schrotter, Fox, Samsonite, Mothercare, Olsen, Sacoor Brothers, Polo Garage, House of Art, Kenvelo, Otter, Bigotti, Swarovski, BSB, Nara Camicie, Calvin Klein, Pepe Jeans, Little Big, Swatch, etc.

The commercial center celebrates the opening with a series of high profile events. During the first week, the public opening will be animated by clowns, caricaturists, dancing demonstrations, puppet shows, body art sessions for kids and adults, circus demonstrations and concerts with well known singers and bands from Moldova.

Lemi Invest is the developer of Shopping MallDova commercial center. The company is a joint venture of Leogrant, one of the most important real estate developers in Republic of Moldova and Anchor Grup, part of Fiba Holding group of companies. Fiba Holding has expertise in retail, financial services and real estate development and is active in 14 countries worldwide.

About Anchor Grup:

Anchor Grup SA was established in 1997 and is one of the leading real estate developers in Romania. The core business of the company is to develop and manage real estate projects in Romania. The company has extensive experience in developing retail projects, residential and office projects. The strategy of Anchor Grup consists of combining the international expertise and the experience acquired on the local market to provide the best real estate solutions for customers and investors. The main projects of the company are: Bucuresti Mall, the first modern shopping center opened in Romania; Plaza Romania, the most attractive retail and entertainment spot in the capital, Anchor Plaza, the first A-class office building integrated with a commercial center, Anchor Plaza Metropol, A-class office building located close to Plaza Romania and InCity Residences, a downtown residential compound. During the next years, Anchor Grup will develop a new series of projects in the retail field, both residential and office buildings.

About Leogrant

ICS "Leogrant" SRL has been highly active in the real estate since its foundation in 2001. The company has in its property:

1. "LEOGRAND Hotel & Convention Center" - known as the best and most prestigious place of accommodation for foreign tourists in the Republic of Moldova. Presently, "LEOGRAND Hotel & Convention Center" is the only hotel complex in Moldova, which offers a high level quality service according to international standards.

2.  Crown Plaza Residence - first complex of elite apartments in Moldova, was delivered in 2007. Crown Plaza is a spectacular development of 26000 m2 featuring two residential towers - West Tower and East Tower.

This year the company started to develop a new project, A-Class Business Center with a surface of 8000 m2.

For further information, please contact:

Irina Ghelbur

PR Coordinator

Tel.: 603-303

GSM: 079.77.99.65

Email: irinaghelbur@shoppingmalldova.md