::. Essdar Capital .:: Official Website

2009

2008

2007

Dubai, 6th August 2009
Essdar Investments Limited announces the results of its invitation for offers to sell certain Notes of Blue City Investments 1 Limited.

Essdar Investments Limited (the “Purchaser”) announced on 22 July 2009 an invitation to holders of the $399,000,000 Class A1 Floating Rate Senior Secured Unrestricted Notes due 2013 (the “Class A1 Notes”) and the $262,500,000 Class A3 Floating Rate Senior Secured Unrestricted Notes due 2016 (the “Class A3 Notes” and, together with the Class A1 Notes, the “Notes”), issued by Blue City Investments 1 Limited (the “Issuer”), to submit offers (the “Offers”) to sell to the Purchaser their Notes for cash (the “Invitation”).

In accordance with the invitation for offers to holders of the Class A1 Notes and the Class A3 Notes dated 23 July 2009 (the “Invitation for Offers”), the Purchaser hereby announces that all Notes tendered prior to the Expiration Time (as defined in the Invitation for Offers) have been accepted without pro-ration. The weighted average offer price has been determined and shall be as set out below. Settlement of the Note purchases shall proceed in accordance with the timetable set out in the Invitation for Offers (as such timetable was subsequently amended by notice given prior to the Expiration Time).

Weighted average offer price
Class A1 Floating Rate Senior Secured Unrestricted Notes due 2013 - $570.00 per $1000 principal amount
Class A3 Floating Rate Senior Secured Unrestricted Notes due 2016 - $543.67 per $1000 principal amount

Capitalised terms used in this announcement have the meanings ascribed to them in the Invitation for Offers.

Press Release: Price Announcement

Notes for editors:
Essdar is a 100% owned subsidiary of Essdar Capital Holdings Limited.

Media enquiries:
Company Secretary
Essdar Capital Limited
Tel: +971 4 702 7777
E-mail: info@essdarcapital.com
Web: www.essdarcapital.com

Dubai, 22 July 2009
Essdar Investments Limited announces Public Tender Offer for Certain Outstanding Notes of Blue City Investments 1 Limited.

Essdar Investments Limited (“Essdar”) has today announced a public tender offer (the “Offer”) to purchase the outstanding Class A Floating Rate Senior Secured Unrestricted Notes (the “Notes”) issued by Blue City Investments 1 Limited (“Blue City”) with outstanding principal amount of US$ 661.5 million. The Offer may increase Essdar’s aggregate Note holding to more than 75%. Essdar sought and obtained the consent of Blue City for a notice of the Offer to be made available to Note holders through the Euroclear and Clearstream clearing systems. Essdar Capital Limited, regulated by the Dubai Financial Services Authority, is the financial adviser.

Essdar Investments Ltd. - Press release

Notes for editors:
Essdar is a 100% owned subsidiary of Essdar Capital Holdings Limited.

Media enquiries:
Company Secretary
Essdar Capital Limited
Tel: +971 4 702 7777
E-mail: info@essdarcapital.com
Web: www.essdarcapital.com

Dubai, 09 March 2009

Essdar Capital Limited has been appointed as Advisor and Project Manager on the UAE Sovereign Credit Rating exercise by the UAE Ministry of Finance.

Dubai, 26 January 2009

Essdar Capital Limited has been mandated as Advisor to the UAE Ministry Of Finance on matters regarding the financial aspects of the UAE economy.