Request for Photos of ZBR?

Wim en Lieneke Nijsen is flying to Egypt on 4th June 2009, and has offered to take pictures at request of investors at Zafarana Beach Resort.

Contact him by email on lienekenijsen@12move.nl if you have any specific requests, but be quick!

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Minutes 13th May 2009 Meeting

[UNOFFICIAL VERSION: Please note this is a revised version of the minutes from MONDI site, to make it easier to digest]

Present
Investors:	Peter Frankenmolen, Tom Aarts, Francis Rademaker, Carola Souljé, Koos van der Wees
IPI:	Maxim van der Togt, Jürgen Oddens, Henri Dral
Mondi:	Rob Smulders, Daphne Rieken/

Absent
Steven Rennie, Allan & Helen Jenkins, Poli Avramidis, Paul Cramer, Cees Dominicus, Wim Eelman, Frank Faessen, Hans Dekkers, Frank Grieving

It was reported that construction is progressing well, and the first apartments should be handed over to IPI this month, as mentioned in the recent newsletter.

It was decided that the Steering Group would be subdivided into 3 teams, construction, communication, and management.

Construction Team
This team will be kept briefed on construction planning and construction progress by IPI. The group will keep a close eye on construction management and make recommendations/suggestions where possible. IPI re-affirmed that build quality was of paramount importance at ZBR.

Communication Team
IPI agreed that excellent communication is necessary to foster good investor relations, and to avoid speculation and investor unease. To avoid English investors feeling left out of the decision making process it was agreed that there would be a permanent point of contact for English investors within the steering group.

The answers provided by IPI to the large number of from investors and all issues being discussed by the Steering Group will be communicated to all investors as a whole.

Management Team
The long term viability and success of ZBR is dependant on good management. A member of the Steering Group will be tasked to report on this in due course.

Provisional Appointment of Members

• Mr Rademaker will act as a building expert for the Construction Group, with Mr Frankenmolen supporting him. His knowledge and experience will certainly help in bringing the build to a successful completion.
  
  
• Mrs Souljé will act as the contact on behalf of the English investors, with Rob Smulders to arrange the first contact for this.
  
  
• Koos van der Wees will scrutinise the management of the resort, with Tom Aarts supporting him.

Other Matters

• It was pointed out that the majority of the questions have already been answered and Mrs. Souljé will collate this, and any unanswered questions will be sent to IPI via Mondi.
  
  
• In response to the most asked question, it is not yet possible to give a date for the final completion of ZBR.
  
  
• IPI to share construction plans/targets for each month, and to inform investors at the end of each month if the targets have been met.
  
  
• Members of the Steering Group will introduce themselves on the forum (MONDI website), and share their vision of how the Steering Group and IPI can work together to achieve a resort that we can all be happy with and proud of.
  
  
• Those unable to be present at the meeting may still join one of the groups after consultation with the Steering Group.
  
  
• IPI invites investors not present at the meeting for further contribution and support, especially in the area of communication. Mondi will continue to provide updates through their website and through News Bulletins.

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Transfer / Travel Charges

Latest Information on current charges as supplied by IPI. A maximum of 3 people by car, and a maximum of 8 people by bus.

		By Car		By Bus
From	To	Day Return	One day	Day Return	One day
Cairo	Zafarana BR Stella di Mare	€ 120 € 100	€ 70 € 45	€ 150 € 150	€ 120 € 90
Stella di Mare	Zafarana BR Suez	€ 45 € 45	--	€ 90 € 90	--
Hurghada	Zafarana BR Stella di Mare	€ 190 € 230	€ 100 € 115	€ 250 € 300	€ 150 € 190
	Marsa Alam	€ 200	€ 115	€ 250	€ 150
Lamaya Beach Resort	Marsa Alam	€ 45	-	€ 70	-
Marsa Alam Int. Airport	Lamaya Beach Resort	-	€ 20	-	-

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Meeting Arranged for 13th May 2009

Steering Group Meeting
13th of May 2009

Attendance: Investors who have signed up for the Steering Group, and the board of IPI.

Pupose: To form the steering group and to formulate tasks and priorities. To promote communication between investors and IPI Management. The agenda for the meeting will be published on the MONDI IPI secure site.

Action: Investors are requested to post their questions / concerns / comments on the secured MONDI forum website. These questions will be discussed during this meeting. A report of the meeting will appear on the secure MONDI site.

View of hotel and the sea from block C (photo taken by Soulje, 29/4/2009)

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