EFTA01917857.pdf

To: David Stem From: jeffrey E. Sent Tue 6/24/2014 7:34:12 PM Subject: Re: Patrick McKillen - Dubai are these deposits? On Tuesday, June 24, 2014, David Stem wrote: See below and attachment. Total cost US$24m, paid to date US$10m. Total standstill since 2007. Not a term sheet, but can Sultan or somebody help to get someone senior at Emaar to deal with this? In 2006 & 2007 McKillen invested €8,000,000 with Emaar Properties, Dubai and in the subsequent 7 years have struggled to obtain a fair hearing in relation to that investment. We approached Emaar very early on in the process, as it was obvious that the projects were delayed and we proposed alternative mutually beneficial solutions such as a consolidation proposal that would redirect our investment into fewer units. We have had many meetings with senior officials at Emaar Properties and the Dubai Land Department and have been made many promises of assistance, but none of which have transpired. The staff have changed many times. We are currently dealing with Mr Matroushi at Emaar, who is in charge of the consolidations and major decisions, but again there is little progress. We are simply requesting a meeting and a fair and equitable hearing/outcome. Begin forwarded message: please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, EFTA_R1_00358444 EFTA01917857 including all attachments. copyright -all rights reserved EFTA_R1_00358445 EFTA01917858