| The Group's land bank amounts to 609,000 m2, of which 559,826 m2 is applicable for development and is estimated at an approximate value of over EGP 1.0 billion* | | |  | | | | * Valuation for all land plots is based on a land appraisal conducted in October 2007 with the exception of Tanta, Zifta and Damahour which are valued based on recent reappraisals conducted by 3rd party advisors | |