LONG ISLANDLONG ISLAND

BAHAMASBAHAMAS

The Bahamas

• The Southern Bahamas and in particular Long Island is under-developed at present and the opportunity has been presented to us to undertake a very exciting project.

• The Bahamian government is actively encouraging investment in its “Family Islands” and the native people of Long Island who had to move away to find work are desperate to return to their beloved homeland.

• Our plans are to create a holiday paradise destination on a scale that knows no comparison on this truly magnificent tropical haven.

Stella Maris Long Island

Long Island

Long Island• Long Island, lies divided by the tropic

of the cancer and is truly one of the most beautiful islands of the Bahamas.

• One side of the island is tranquil and calm with endless icing sugar-white beaches and the smooth turquoise blue Caribbean whilst on the other side the surf of the Atlantic with countless sandy bays and dramatic rocky reefs come rising out of a rolling ocean.

• As you may expect by the name, this Island is 80 miles from tip to toe and at it’s widest only 4 miles from Caribbean shore to Atlantic coast-line.

• Originally called by the Arawak name 'Yuma,' Long Island was rechristened 'Fernandina' by Christopher Columbus on his first voyage to the New World in 1492 describing the island as the most beautiful he had ever seen.

Stella Maris

The Existing DevelopmentOn the 20th December 2005

RUFO Investments Ltd agreed to purchase:

• Stella Maris - An existing development of mainly holiday homes and building plots

• Stella Quays – 950 acres of undeveloped land *

• Stella Maris Marina – mainly commercial

• Stella Maris International Airport – serviced twice daily by Bahamasair flights

The Proposed Development

In the next 18 months RUFO

intends obtaining planning

permission on the 950 acres for:

• An International Leisure Marina with Residential Plots and Adjacent Dockage

• Championship Golf Course• Spa & Hotel Complex• Residential Development• Residential Golf Course

Housing and Condos• Commercial Development

What RUFO are offering to the individual at the

moment is the opportunity to get

involved at the ground floor level in this spectacular real

estate development

How To Get Involved

THE OPPORTUNITIES

• 300 Building plots of development land are available which have the equivalent of outline planning permission and are serviced and these will be offered for sale in phases over the next 18 months increasing in price the closer we get to having the planning in place for Stella Quays

• We have projected that overall we shall sell these plots at around two thirds of the figure we expect them to be worth once the permissions are in place

The Downside

• If we don’t get the permissions for Stella Quays:• You would have a plot of land on a beautiful Bahamian

Island fully serviced and ready to build on• Beaches are a short walk away• The local language is English• The Island is virtually crime free• There is a massive potential for holiday rental income

(mainly from the USA)• If this is too risky for you then we’re sorry for wasting

your time

So What’s The Catch?

• The few people that we have discussed the opportunity with have almost invariably asked as to why we’re offering such opportunities at all as it seems too good to be true. So let us explain….

• We believe that those who invest in an embryonic stage of a development should expect to be rewarded accordingly

• We will ultimately be more profitable by offering strong incentives to “early bird” investors

• This way we will be able to retain a higher percentage of Stella Quays development than would be the case if we did not do so

• Most of the revenue that is generated from these early sales goes to reduce the amount we have to pay for the remaining land on completion

• These sales reduce the amount of external investment or borrowing we shall require and therefore increase the amount of equity we are able to retain

Comparables Values• In order to show value for money we have looked at similar

developments on neighbouring islands and compared them to the plots we will have available in the Marina

• We have compared our development to both Emerald Bay and February Point which are on Grand Exuma which is one of the closest islands www.emeraldbay.com www.februarypoint.com they both have marina developments which give us a direct comparison

• As you can see our price projections are very reasonable

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

E merald B ay

February Point

S tella Maris

The Potential Gains

• As we are selling (on average) at just below 67% of what we expect them to be worth when the Stella Quays permissions are granted the potential gains are staggering

• We are only projecting values to the point of planning being granted for Stella Quays, not to when the scheme is developed out. Once the development is completed then how much will a quarter of an acre plot with the Championship Golf course and International Marina on the doorstep be worth? We don’t know, but would speculate a lot, lot more than $100,000

• The present exchange rate of the pound to the dollar makes it a very attractive time to invest in dollar denominated property

• There is no income tax or capital gains tax in the Bahamas and if you build a house on your plot you qualify to apply for a tax free residency

Holiday Rental Potential• So what if you decide to build on your plot? What are the chances of holiday rental

income?

• The Bahamas has a 10 month holiday season

• The Americans holiday in the Bahamas as the British do in the Canary Islands

• The villas (apartments) at Cape Santa Maria (5 miles North) rent for over $400 per night

• Many of the plots we have for sale are suitable for similar developments like that at Cape Santa Maria ie; a building of four two bedroom apartments

• The plots that are suitable for a similar development to the apartments at Cape Santa Maria start from $68,000 and the apartments in the development are for sale at the moment as investment properties starting from $670,000 though it has to be pointed out that these are really nice apartments finished to a very high standard it doesn’t take a property developer to work out the potential profits in this type of deal

• www.capesantamaria.com

The Final Offer To Early Investors

• When ,(technically if) we are granted permissions for Stella Quays there will be a 60 day period during which reservations for property in Stella Quays will only be accepted from those who have bought from us in Stella Maris

• You will be offered a Stella Quays property (Marina with adjacent dockage, golf course etc.) at a special pre-release price which will never be available to the general public

• You will be offered the opportunity to part exchange your Stella Maris plot against a Stella Quays property at a minimum of 125% of the price you paid for it

• Anyone who has bought in Stella Maris but doesn’t want a property in Stella Quays will be able to assign to someone else (probably for a considerable sum) the right to reserve a property in Stella Quays at the pre-release price

Due Diligence

• Obviously there can be no guarantees, but we truly believe this to be an excellent opportunity.

• How many times have we, all of us, looked at property where there has been tremendous growth and regretted not having the foresight or inside knowledge to have predicted the growth before it was too late?

• This time you have that knowledge….

• Take a look around for yourself, we don’t think you’ll find a better offer.

• Do your own research though and we’re sure that you’ll be as impressed as we are….

For more information contact lynda.smith@rufoinvest.com

We look forward to seeing We look forward to seeing youyou

In Long IslandIn Long Island