Newsletter - Nr 02

Welcome to The Jalousie Enclave NEWSLETTER

The Jalousie Enclave Celebrated Groundbreaking

December 5, 2008 Inside this issue: * Jalousie Enclave Groundbreaking * Master Plan “Final” * DCA Approval * New Office in Rodney Bay * Transportation from Castries to Jalousie Enclave * Alien Landholder Permits * Clubhouse Design * ASCS Association * Jalousie Plantation Partners with KOR * Things to Remember

Allen M. Chastanet, Minister of Tourism - Pascal Mahvi, Developer - Stephenson King, Prime Minister Mr Dalson, Parliamentary Representative for Soufriere - George Guy Mayers, Minister of Home Affairs and National Security

The Jalousie Enclave Celebrated Groundbreaking St. Lucia’s Prime Minister along with other dignitaries joined the M. Group on Friday, December 5th to break ground at what will become the island’s premier residential resort. Developer and Founder of the M. Group, Pascal Mahvi hosted the ceremony and reception to commemorate the groundbreaking at The Jalousie Estate in Soufriere. Special guests and speakers included The Honorable Stephenson King, prime minister of St. Lucia; The Honorable Allen Chastanet, minister of tourism for St. Lucia; The Honorable Mr Dalson, Parliamentary Representative for the Quarter of Soufriere; and Developer Pascal Mahvi. www.jalousie-enclave.lc

Andrew Piltie, General Manager Jalousie Enclave

The Jalousie Enclave Celebrated Groundbreaking continued The Jalousie Enclave will be the only planned & secured residential community built on Jalousie Bay, offering residents the extraordinary opportunity to live on a pristine World Heritage Site. Mr. Mahvi is committed to preserving the natural beauty surrounding the resort. Development plans include adhering to the United States Green Building Council’s highest Leadership in Energy and Environmental Design (LEED) standards. “It’s been a long hard road, and now we are faced with a global economic crises;” said Mahvi. “But we have persevered, and I am thrilled to announce today that we anticipate a soft opening in 2010, providing some 250 permanent and highly coveted jobs, despite the crisis.” “The Jalousie Enclave is the only planned, full residency community, offering residents the extraordinary opportunity to live on a World Heritage Site,” Mahvi continued. “As I am fully committed to preserving the natural beauty of our valley, our development plans include adhering to the Green Building Council’s highest Leadership in Energy and Environmental Design standards. “ Stephenson King, prime minister of St. Lucia: "When in the midst of all of this (financial crisis), investors like Pascal who came to St. Lucia more that fifteen years ago and saw the need and the vision and demonstrated that confidence through his action at Jalousie (Plantation) and having maintained that interest and can return now at this time amidst all that is taking place internationally and even the threats to our own local economy, to come today on this occasion and to break ground, it is a demonstration of the confidence that Pascal himself has in himself and his ability to do it and certainly the confidence in St. Lucia,"

Pascal Mahvi, Developer - Stephenson King, Prime Minister

Allen Chastanet, Minister of Tourism, while noting that the island is blessed with a natural competitive edge on the world stage, said all necessary measures should be taken to ensure that the island progresses in that regard.

“When a company like The M Group comes and is prepared to make this level of investment, we must all find a way to give them not some of our support, not most of our support but all of our support. The time has come for St. Lucia and St. Lucian's, in particular, to now step up to the plate,” the Minister of Tourism emphasized.

Pascal Mahvi, Developer - Stephenson King, Prime Minister - Allen M. Chastanet, Minister of Tourism - George Guy Mayers, Minister of Home Affairs and National Security

www.jalousie-enclave.lc

The Jalousie Enclave Announces Completed Master Plan The master plan for the Jalousie Enclave is complete as of November 20, 2008. The detailed plan includes property layouts including lot sizes and surveyed markers.

The Jalousie Enclave receives DCA Approval “M. Group submitted all its planning deliverables to the Development Control Authority (DCA) on November 21, 2008. The DCA Chairman, Mr. Clem Bobb informed Mr. Mahvi that the M Group commence work.

Based on this expectation, M. Group has selected NH International (Caribbean) Ltd. to start cutting the roads through Stage 1A and 2 and the latter has shipped its D6 and Roller to St. Lucia. M. Group expects to start cutting the roads through stage 1A and 2 during January 2009. As all the balance of the roads were cut in 1995, these simply need to be widened. www.jalousie-enclave.lc

M. Group also contracted to drill three water wells down to its property’s aquifer in order to deliver the needed water for the project. Alternatives already budgeted for include extending the Fond St. Jacques six inch water pipe over the ridge and to the water department’s water tank on property, and / or installation of a reverse osmosis plant at the base of the Petit Piton and pumping the filtered water to the Resort’s tank The Jalousie Enclave’s Sales Office Opens The Jalousie Enclave official grand-opening of it’s Rodney Bay sales office is on December 10th . The new office offers buyers a place to experience The Jalousie Enclave’s natural beauty and envision the future residential community. Prior to the official opening of the office, sales have been strong with several lots under contract.

Transportation to The Jalousie Enclave from Castries by Boat The Jalousie Enclave now has a 45 ft Sunseeker docked literally 500 feet away from its marketing office in Rodney Bay with two skippers on call to take interested buyers from Rodney Bay to Jalousie for inspection of the property. The trip takes no more than 40 min and it’s a beautiful and comfortable ride, even in moderate seas.

St. Lucia Helps Expedite Alien Landholder Permits New laws in St. Lucia have made it easier for non-residents to purchase land in island. The government is working closely with developers to expedite the process of obtaining the Alien Landholder licenses. The expedited process will become law on Jan 5, 2009. License applications take four to six weeks to process and are normally done during the early part of the property purchasing process. Once the owner receives the license to buy land, construction must commence within two to three years. Application forms are given out by the Department of Lands and Survey for St. Lucia. For more information visit www.stlucia.org.

www.jalousie-enclave.lc

Clubhouse Plans Unveiled The Jalousie Enclave plans to construct a $7 million, 15,000 square-foot Clubhouse. The stunning, signature facility will include a world-class fine dining restaurant as well as a private pool and two lakes. Each of the surrounding 22 villas, will be offered a membership to one of the planned seven new PGA Golf Clubs and Courses. This rendering below is one of two designs The Jalousie Enclave is considering.

Design submitted by International Design Consultants of Florida ASCS Association Begins Philanthropic Initiatives The Jalousie Enclave is proud to support the efforts of the ACSC Association, an organization dedicated to participating in projects that better the lives of St. Lucian's by supporting their communities and/or creating job opportunities. The association announced a 20-year plan to redevelop the western villages of Anse-LaRaye, Canaries, Soufriere and Choiseul. Pascal Mahvi is committed to the ACSC mission and has agreed to donate 10 percent of the gross sales proceeds of The Jalousie Enclave land sales to the organization for the redevelopment of St. Lucia’s western coastal villages. In addition, he secured a commitment from developer Mr. Ralph Monplaisir to match this donation dollar for dollar. Together they plan to raise contributions in excess of $100 million for the ACSC endeavor.

Through The Jalousie Enclave and Pascal Mahvi’s efforts, ACSC initiated a partnership between the Cleveland Clinic in Cleveland, Ohio and St. Jude Hospital of St. Lucia creating a cooperative program to bring doctors from the United States to the island. As the association continues to grow Mr. Mahvi hopes to adopt similar programs for St. Lucia.

www.jalousie-enclave.lc

Jalousie Plantation Partners With KOR Group The Jalousie Plantation Resort has entered into an agreement with KOR Hotel Group to manage and rebrand the resort as The Tides Sugar Beach Resort opening in 2010. The Tides is an elite hotel brand with resorts in the world’s most desirable locations including, The Tides Riviera Maya at Playa Xcalacoco on Mexico’s Yucatan Peninsula, The Tides Zihuatanejo on Playa la Ropa on the Mexican Riviera and The Tides South Beach in Florida.

“THE TIDES BRAND TO REACH SHORE OF ST. LUCIA; THE JALOUSIE PLANTATION RESORT TO UNVEIL AS: “THE TIDES SUGAR BEACH IN 2010” The KOR Group plans an extensive $100 million renovation. KOR will reposition the resort with a complete redesign, offering a chic fusion of European, Asian, African and Caribbean influences. The renovations and new branding will bring The Jalousie Plantation to a new level of service.

Things to Remember The ONLY Full Residency planned gated development in the heart of the worlds only live-in UNESCO World Heritage Site (out of 980+). * The ONLY Full Residency gated community next to KOR’s newest branded resort. * The ONLY Full Residency gated community at the base of the Petit Piton, St. Lucia’s national symbol. * Height of Petit Piton 2438 ft, Gross Piton 2618 ft on the Caribbean Sea. * Each home owner will have deeded access to the Sugar Beach (at the resort below). * M. Group’s site is 180 acres, of which they are developing 100 acres, leaving the balance as a green barrier. * Tides on the Beach (the old Jalousie Plantation Resort ) is on 129 acres (originally built by M Group). * The island is served by Virgin Airlines, British Airways, American Airlines, Delta Airlines, Air Canada, US Air and Liate Airlines. * Roebuck International is building the 250 room Ritz Carlton hotel, located approximately 30 min from Jalousie. * The fishing village of Soufriere, is located within the World Heritage Site, the center of all St. Lucian touristic activities. www.jalousie-enclave.lc