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PEZULA MEDIA RELEASE: May 2006

PEZULA WINS BEST INTERNATIONAL DEVELOPER AWARD


Keith Stewart with the 5 top awards received at the prestigious Homes Overseas Awards 2006

Pezula, South Africa's leading developer of luxury property has achieved international recognition having won five of the top awards at the prestigious Homes Overseas Awards 2006, including the evening's overall top award for Developer of the Year (in the world), two other Gold awards for Best Luxury Development and Best South African Development and two Silver awards for the world's Best Golf Development and Best Sustainable Development.

Ivor Abelheim, Marketing Director, Pezula Group collected the awards at the glittering black tie event held at London's Dorchester Hotel on Thursday, May 4 2006, attended by the leading figures in property development, estate agency, travel and hospitality, as well as many members of the international media.

The Homes Overseas Awards, judged by an independent panel of 33 respected property experts, including members of the Royal Institute of Chartered Surveyors (RICS), the Royal Institute of British Architects (RIBA) and UK based national property journalists, have rapidly become the benchmark for the finest in international real estate and new properties right around the world. The judges visited each of approximately 50 short-listed properties in over 15 countries to choose Gold, Silver and Bronze winners. The Awards are sponsored by British Airways, The Daily Telegraph and Moneycorp.

Having already won double Gold medals for both Most Environmentally Aware Development (in the world) and Best South African Development at last year's Homes Overseas Award Ceremony, these latest awards prove conclusively that Pezula is a world-class luxury development continuing to strive and indeed achieve the highest possible standards.


The judges' comments on Pezula for the Developer of the Year award were: "……..a sustainable development is taking shape which could set the standard for future resorts looking to combine luxury and sustainability. …..In the years since Pezula's conception, a focused strategy has been enacted, first to assist the return of the fynbos (the major vegetation of the area), and, subsequently, the return of the native wildlife…..As for the properties themselves, they represent the ultimate in exclusivity and luxury…..The judges were unanimous in considering Pezula to be an outstanding example of a development for the future, having all the facilities and amenities demanded by modern affluent buyers, yet with environmental issues always a high priority."

Keith Stewart, Pezula Chairman comments: "We are delighted that the inspiration and hard work which have created Pezula have been recognized on an international scale. These awards confirm that Pezula's spectacular natural beauty and the superb lifestyle available here have worldwide appeal."


PEZULA

The Pezula development comprises a 1000 ha residential resort with 255 homes; a world-class 18 hole Championship Golf Course and Club; a luxury Resort Hotel & Spa; the Field of Dreams sporting facility; The Pezula Botanical garden representing all the plants found in the afromontane forests of the Southern Cape and its ecotone; and an equestrian centre, bowling club and beach facilities. Pezula is the first luxury resort estate in Africa, located on dramatic cliffs overlooking four kilometres of spectacular coastline and rolling sea near Knysna. Pezula, an African word meaning 'up there with the gods', is located in the very heart of South Africa's breathtaking Garden Route, a natural paradise with indigenous forests of yellowwood and age-old ironwood interspersed with wetlands and coastal fynbos.


The unique appeal of the development has been recognized by buyers from all over the world, including a dozen international sporting stars who have homes at Pezula, such as tennis aces Roger Federer, Jonas Bjorkman and Thomas Johansson, golfer Nick Price and South African cricket captain, Graeme Smith.

The Pezula Private Estate prides itself on being one of the lowest density residential projects in South Africa. Since final environmental approval in April 2003 property has been transferred to buyers from across the world. While each home at Pezula will be unique and reflect the owner's taste and desires, detailed plans must be submitted to and passed by the Pezula Board prior to any work commencing. This is to ensure that all buildings are in sympathy with the stringent environmental and design standards set out in the development's extensive Environmental Management Plans.

PEZULA RESORT HOTEL & SPA

The Pezula Resort Hotel & Spa is the latest addition to the Pezula development, which also includes an upmarket residential resort, a world-class 18 hole Championship Golf Course and Club; and the Field of Dreams sporting facility with its world-class tennis courts and sports fields, equestrian centre, facilities for pétanque and archery and access to the secluded Noetzie beach and river.

Located on the Eastern Head of Knysna on the exquisite Garden Route coast, the Pezula Resort Hotel & Spa is surrounded by rugged cliffs, ancient forests and sheltered beaches. With sweeping views of the Pezula Championship Golf Course, the Indian Ocean and the Knysna Lagoon, it is a haven of privacy and luxury.

Seventy-eight stylish suites, four to a villa, each with its own fireplace, balcony, well-stocked pantry and spacious bathroom, deliver a whole new world of luxury in an elegant African style.

The core building houses a sumptuous cigar lounge, champagne and whisky bar, library, wine cellar and gourmet restaurant, Zachary's, where renowned executive chef Geoffrey Murray serves the freshest local ingredients inspired by global trends.

The extraordinary award-winning Spa, named Best Spa in South Africa in the 2005 Professional Beauty Awards, includes a 12m heated indoor pool, state-of-the-art gymnasium, sauna and steam room, nail bar, hair salon and nine therapy rooms.

Guests have access to secluded Noetzie beach and activities including canoeing, fishing, hiking, birding and nature trails. The estate's Field of Dreams sporting complex offers an equestrian centre, four tennis courts, a multi-purpose sports oval and golf driving range.

The Pezula Travel Desk offers international travel booking and foreign exchange services, airport transfers and excursions. The Pezula helicopter and jet can be chartered by guests to virtually any destination.

ENDS

Media Contact - South Africa
Jeannine Orzechowski, PR Manager, Pezula Group
Tel / Fax: +27 (0) 44 382 2974, email: jeannine@pezula.com

Media Contacts - UK
Lauren Walker, Account Manager or Elizabeth Tagge, Managing Director, Blueice Communications
Tel: +44 (0) 20 7937 7537, email: info@blueicecom.com