CEO Tower achieves milestone building capping. 18,000 sqm of new office space in the My Dinh area available for leasing now

Hanoi, 24 October, 2008 - Developers CEO Investment JSC celebrated the capping of CEO Tower, a new office building located in My Dinh District last Saturday, 18 October, 2008. This milestone event in the project development is a clear signal that construction of CEO Tower is proceeding on schedule, with delivery of 18,000 square meters of new office space anticipated mid-2009.

CEO Tower is strategically located on the Pham Hung corridor, in the center of the rapidly growing urban area of My Dinh. The wide, uncontested avenues, open spaces and competitively priced office rentals in the low US$30 psm make it an ideal location for businesses that do not require a prime location in the city center.

CEO Tower stands an imposing 27-storeys tall, offering tenants on the upper floors commanding views of the surrounding districts. The basement includes two levels of parking. The building is served by five Mitsubishi high-speed lifts, each with a maximum load of 1,350kg, and safety and security standards meet all the requirements of modern business: 24/7 security, automatic sprinkler system, centrally-controlled air-conditioning and fully-staffed lobby. Also planned for CEO Tower are a food court on the 6th floor, and banking services and a coffee shop on the first floor.

Office space in CEO Tower is available to lease now, Average rental rates in CEO Tower are US$33 psm including service charges, depending on floor level and lease terms. John Gal lander, Associate Director, commented, "the My Dinh area is projected to become a prime location for organizations doing business in Hanoi, and CEO Tower will be one of the first office buildings to become available in 2009. With completion of the building capping and M&E already well underway, we're confident that CEO Tower will be ready to receive its first tenants by mid-2009."