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Sit Land HoLdingS Ltd

Subsidiary of

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Date: Tuesday 28 April 2009 Dear Option Certificate Holder, SIT Land Holdings Ltd is pleased to inform you that it is presently undertaking an agricultural morcellement at Mare D'Albert over an extent of about 288A comprising of 245 plots of land. The average plot size is about 1.15 Arpents. The proposed site is strategically located along Rose Belle - Plaine Magnien Main Road A10 and is crossed centrally by a tarred private road leading to Deux Bras. We are pleased to announce that the Morcellement Board, Ministry of Housing and Lands, has approved the Morcellement layout plan (Reference: MHL/M/14603). A set of documents including Ranking Form(s), plan and corresponding price list giving full details of each plot of land is enclosed. Should you be interested to participate in this land sale, please consult the Information Pack and complete the Ranking Form(s) and return same to this office by Tuesday 12 May 2009 at 2.00 p.m. at latest. The Information Pack is available at the SIT Office and may be obtained upon request. You will find at the verso of this letter the salient features pertaining to this land sale. For any further information you may contact the SIT Office in person or by phone (Tel No: 465 4747) or the Sub Office at Mare D'Albert (Tel No: 508 2351). Online details may also be obtained on our website: www. sit.intnet.mu. We wish to thank you for your trust and confidence in the company and we wish you success in this landsale. Yours sincerely

Rajen Manikion Chairman SIT Land Holdings Ltd

Ravin P Bholah Chief Executive Officer SIT Group

3rd Floor, Alexander House, 35 Cybercity, Ebene, Mauritius Tel.: (230) 465 4747, Fax: (230) 466 6566 E-mail: [email protected], website : www.sit.intnet.mu

Sit Land HoLdingS Ltd

Subsidiary of

Doc 1

SALIENT FEATURES Procedures

Site Visits Ranking Form

Details

Dates

Booking for site visit by phone to SIT Office/ Sub Site Visit: Monday 4 May 2009 to Saturday 9 May 2009 Office, Mare D'Albert. All Option Certificate (OC) holders who intend to Ranking Form should reach the participate in this land sale should fill in this form. SIT Office in Ebene by Tuesday The Ranking Form has a serial number on its top 12 May 2009 at 14.00 at latest right corner and you are strongly advised to note this number before sending this form to SIT

Registration of application for purchase of land - OC holders

A Serial Number will be allocated to each OC holder who has applied, to facilitate the drawing of lots exercise and both the Ranking Form number and the Serial Number allocated will be affixed at the SIT Office on Tuesday 12 May 2009 and communicated to OC holders. The draw will be carried out at Mauritius Turf Club (MTC) to rank each OC holder in the presence of an Usher from the Supreme Court (OC holders are also invited to attend the draw). All OC holders participating in this draw will be informed of their rank and date of registration of application for purchase of land at the SIT Office in Ebene. OC holders will be invited to register their application in the order of rank allocated by draw.

Draw: Wednesday 13 May 2009 at 10.00 am.

Thursday 14 May 2009 to Friday 15 May 2009

As from Tuesday 19 May 2009

Registration of application The sale of plots will be opened to members of the As from Friday 22 May 2009 for purchase of land- Public general public as well as Option Certificate holders. Deposit

A deposit of Rs 25,000 in cash or by cheque should be paid for each plot of land. A Promise of Sale ("Bordereau") will be signed for each plot reserved.

Financing

A special financing scheme is available at the Mauritius Post and Coorperative Bank Ltd (MPCB), Bank One and SBM. The successful applicant should contact the notary Tuesday 19 May 2009 to designated by the Company at the earliest to finalise Friday 26 June 2009 the deed of sale for the plot(s) awarded to him/her. The harvest and sugar proceeds for crop 2009 will accrue to the buyer on successful completion of sale formalities before Friday 26 June 2009.

Finalisation of deed of sale

Harvest

Buyers are invited to consult the Information Pack for full details.

3rd Floor, Alexander House, 35 Cybercity, Ebene, Mauritius Tel.: (230) 465 4747, Fax: (230) 466 6566 E-mail: [email protected], website : www.sit.intnet.mu

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