Muscat, Oman— April 2011

ALARGAN TOWELL Investment Company announced its latest financing scheme for buyers who wish to own a house in its mixed-use development, Beyout AlFaye, located in Al Khoudh. The Company offersflexible monthly installments where buyers will pay 0% interest (subject to certain conditions) for the first two years on the housing loans from Ahli Bank, Bank Muscat and National Bank of Oman.

General Manager of ALARGAN TOWELL Investment Company, Ali Hassan Moosa said, “Our partnership with Ahli Bank ,Bank Muscat and National Bank of Oman is the Company’s initiative in facilitating financing solutions and ease of payments to Omani nationals, where monthly installments can start from as low as RO 125 per month, a first of its kind precedent in the real estate market.”

The handover of the first phase of residential units will begin in the third quarter of this year, totaling 48 villas of which more than 25% have already been sold. In addition, construction is underway and has reached more than 90% completion. Beyout AlFaye is a mixed-use development in Al Khoudh which consists of 126 villas, as well as a retail component and a park to serve the residents of the project and the surrounding areas. The villas include 3-5 bedrooms with an average plot size of 300m2, and a built-up area of between 255-139m2, featuring six distinctive layout designs. The project enjoys excellent access to road networks and is adjacent to Al Khoudh Souq. Well-known establishments like SQM, KOM, MOD, City Center and Sultan Center are also close to the project as well.

ALARGAN TOWELL Investment Company is well-known for its continued success in providing housing solutions to middle-income Omani families. With this unique offering, the Company has indeed raised the bar in servicing its clients and offering ease of payment, unmatched quality and convenience.