GATEHOUSE

* Gatehouse is currently looking at several potential development projects. A new single-purpose limited partnership will be created for each of these projects, if Gatehouse decides to move forward with any of these projects... Gatehouse Developments (GP) Inc. ("Gatehouse GP") serves as the general partner of Gatehouse (Proper) Limited Partnership ("Gatehouse Proper LP"), while Gatehouse Partners Inc. ("Gatehouse Partners") is the Gatehouse Trustee of Gatehouse Real Estate Trust ("Gatehouse Trust"). All were formed in British Columbia and are part of the Gatehouse Group. Gatehouse Partners is the administrator of both Gatehouse Trust and Gatehouse Proper LP, (Gatehouse Trust, Gatehouse Proper LP, together with any future limited partnerships formed the "Gatehouse Partners Funds")... * Real Estate Development Projects Completed by the Gatehouse Group of Companies. The Gatehouse Real Estate Trust and Gatehouse (Proper) did not complete on the following projects: Madewell and Windfall.

Also known as: Gatehouse Partners, Partner with Gatehouse