St. Mary Fund

• Business: Term 9/2006 to 9/2016.

• 97 investors. Equity at launch £8.5m.

• HBoS debt (capped rate) £19.5m from 8/2008.

• To be operated as a 4 star, 176 bedroom RadissonSAS hotel at Broad Quay, Bristol.

• Anticipated return of 13.1% per annum IRR (£1 to rise to £2.77).

• £1 worth £1.05 in 12/2007.

• Loan to value to be 75% in 8/2007 at start of trading.

• A Guernsey Property Unit Trust listed on the Channel Islands Stock Exchange (www.cisx.com).

• Trustee and Administrator: Kleinwort Benson.

For further information please contact evolve