Matrix Property Middle East LLP Launched to Capitalize on GCC Real Estate Opportunities

DUBAI, United Arab Emirates, March 14, 2010 - Matrix, the UK privately owned financial services business, today
announces the creation of Matrix Property Middle East LLP ("Matrix Property
ME"), a new entity which will take advantage of long-term investment
opportunities in the GCC property sector.

Matrix has also announced a joint venture agreement with ME Alignment, a
successful Qatar-based real estate development and investment company owned
by members of the Al Attiya Family, with a widespread network of high level
contacts across the region.

Together, Matrix Property ME and ME Alignment will set up a Property Fund
Management company in Qatar and are in the process of registering the new
vehicle with the Qatar Financial Centre.

Matrix Property ME was formed following the acquisition by Matrix of a
majority stake in the former Kenmore Middle East business, bought out by
former board director Andrew White in December. It will be led by Andrew
White together with Will Hean as General Manager and Investment Director, and
will have operations in the UAE and Qatar.

Andrew and Will have been operating in the Middle East since 2006, and
manage equity investments of 20m pounds Sterling in a number of projects in
Qatar, Abu Dhabi and Dubai. These projects, which are all being undertaken
with joint venture partners, on completion are anticipated to have a gross
development value of 640m pounds.

Matrix Property ME will focus on the acquisition of high quality income
generating projects predominantly in the industrial, residential and office
sectors, as well as development projects, utilising the firm's in house
property development capabilities. Regions of focus are the major growth
markets of the GCC which offer unique investment opportunities: Qatar, Saudi
Arabia and UAE.

Through existing strategic joint ventures with carefully selected
partners across the GCC, Matrix Property ME plans to leverage its property
development and active property asset management experience to extract
greater value from the assets it acquires.

Commenting on the announcement, Ian Blake, Partner of Matrix Property
Fund Management LLP, said:

"We have been studying the GCC market for some time and believe we are
now at the optimal point of the property cycle to start acquiring selectively
across the GCC. We believe there are good opportunities over the next 12
months to acquire high yielding income producing assets at prices which will
give good capital growth over the medium term."

Mr. Abdulaziz Bin Mohammed Al Attiya, General Manager of ME Alignment,
added:

"We are very pleased to be partnering with Matrix and are in detailed
negotiations with the Qatar Finance Centre to achieve full approval status
for what we expect to be the first property fund management company to be
regulated by the QFC Regulatory Authority."

Will Hean, General Manager & Investment Director, Matrix Property Middle
East LLP said:

"The combination of the Matrix UK fund management track record with the
reputation and network of the Al Attiya family, one of the region's most
prominent political and business families is a very powerful one. Added to
that is the track record of our existing team which has been on the ground
acquiring and developing property in Qatar, Abu Dhabi and Dubai over the last
4 years."

NOTES FOR EDITORS

Matrix Group is a privately owned financial services business founded in
1987 whose areas of expertise include Asset Management, Corporate Capital,
Property and Specialised Finance. To date Matrix has raised around 8 billion
pounds for its investment products and currently has circa 3 billion pounds
of funds under management. Matrix's staff of around 220 are based in the West
End of London at One Vine Street.

Matrix Property Fund Management LLP is the property division of Matrix
Group Limited.

    FOR MORE INFORMATION PLEASE CONTACT:

    Matrix Group

    Ian Blake, Partner Matrix Property Fund Management LLP
    T: +44-(0)-7764-428232 | ian.blake@matrixgroup.co.uk

    Natasha Newman, Head of Communications
    T +44-(0)-7917-037246 | natasha.newman@matrixgroup.co.uk

    M: Communications (UK)

    Nick Miles
    M +44-(0)-7725-758327 | miles@mcomgroup.com

    Louise Hatch
    M +44-(0)-7798-626285 | hatch@mcomgroup.com

    M: Communications (GULF)

    Mustafa al Rawi - Arabic enquiries
    M +971-50-725-4048 | alrawi@mcomgroup.com

    Robin Haddrill - English enquiries
    M +971-55-270-0218 | haddrill@mcomgroup.com

Ian Blake, Partner Matrix Property Fund Management LLP, +44(0)7764-428232, ian.blake at matrixgroup.co.uk, or Natasha Newman, Head of Communications, +44(0)7917-037246, natasha.newman at matrixgroup.co.uk, both of Matrix Group; or Nick Miles, +44(0)7725-758327, miles at mcomgroup.com, or Louise Hatch , +44(0)7798-626285, hatch at mcomgroup.com, both of M: Communications (UK); or Mustafa al Rawi - Arabic enquiries, +971 50 725 4048, alrawi at mcomgroup.com, or Robin Haddrill - English enquiries, +971-55-270-0218, haddrill at mcomgroup.com, both of M: Communications (GULF)