ELEA ESTATE SCOOPS QUADRUPLE WIN AT TOP INDUSTRY AWARDS 29th September 2011, London, S. Z.

Eliades Leisure Ltd is delighted to announce it has won a 5 star award for Best Cyprus Golf Development and Best Leisure Development for Ela Estate at the International Property Awards, in association with Bloomberg Television 2011. As overall five star winners in the Cyprus Awards, Ela Estate was automatically entered into the overall Europeans Best Awards against other national winners. Both the coveted accolades of Best European Golf Development and Best European Leisure Development were announced and presented to S. Z. Eliades Leisure Ltd, Chairman, Zenon Eliades at a gala banquet attended by property professionals at the Park Lane Hotel, in Londons Mayfair on Friday 23rd September. The International Property Awards is now in its 17th year and has become recognised as the highest standard of excellence throughout the global industry. Commenting on Ela Estates impressive quadruple award win, fighting off competition from some of the leading developments in Europe, Zenon Eliades

says: I am delighted that the upmost standards that we have been striving for at Ela Estate have been recognised by the industry. Scooping both the top 5 star and the top European awards for both golf and leisure development is a proud moment and signals to the world that we are well positioned to satisfy every possible requirement of home owners in Cyprus and ensures them they are buying into the best on the market. The awards reflect the outstanding work of both our in-house team and our carefully chosen partners and are a measure of the quality they have brought through each of their areas of expertise. The residential component of Ela Estate, the newly integrated family friendly golf development is ideally located close to Paphos airport. The luxury residential development fits perfectly with the natural rural surroundings and benefits from incredible panoramic views towards the Mediterranean Sea. Its centrepiece is a magnificent and awe-inspiring Par 71 golf course which has been designed by the six-time Major winner Sir Nick Faldo. S. Z. Eliades Ltd. is a consortium of 5 shareholders (The Eliades Group, CCA, GCC, The Louis Group and Demetra Investments) and collectively has vast experience in construction, hotel and leisure resort management in Cyprus, Europe and the Middle East. The judging panel consisted of more than 80 professionals whose collective knowledge of the property industry is unsurpassed by any other property awards. This years judges include James Bacon, UK account manager of Google; Peter Bolton King, group chief executive of the National Federation of Property professionals; David Dalby of the Royal Institute of Chartered Surveyors (RICS); and Mike McNamara of the Royal Bank of Scotland (RBS). Later this year, the highest scoring winners from the European Awards will compete against other winning companies from Asia Pacific, Africa, the Americas and Arabia to determine the ultimate Worlds Best in each category. R ENDS

For further information see: www.eleaestate.com or contact Hamptons International on Telephone: +44 (0) 207 963 0614 or email eleaestate@hamptons-int.com Media Enquiries Caroline Burnett at P1 Communications Tel: +44 (0)20 7079 1443, Email: caroline.burnett@p1communications.com