We have made investments in the following companies and development projects since the end of 2005:

MINOR INTERNATIONAL
Minor International is one of the largest hospitality and leisure companies in the Asia Pacific region with over 600 restaurants and 15 hotel and resorts. From its founding in 1976 with a single beachfront resort in Pattaya, Thailand, the Company has expanded to include 15 hotels and resorts under the Four Seasons, Marriott, Anantara, and other brands in Thailand, Vietnam and the Maldives. The restaurants include brands such as The Pizza Company, Swensen’s, Sizzler, Dairy Queen, and Burger King.

MINOR CORPORATION
Minor Corporation is a leading distributor of international lifestyle consumer brands in Thailand, focusing primarily on fashion, cosmetics, golf equipment and education through retail, wholesale and direct marketing channels. These consumer brands include Esprit, Bossini, Rampage, Zwilling Henckels, Timberland, Tumi, Red Earth, Bloom, Ping, La Jolla, Etonic, Ogio, Time Life, World Book and Cessna. The company also owns NMT Ltd., one of the Thailand’s largest contract manufacturers of household and personal care products.

ONE CENTRAL RESIDENCES MACAU
A premier residential and commercial real-estate development in Macau that, when completed, is expected to include a hotel managed by the Mandarin Oriental Hotel Group, luxury serviced apartments, and a world-class shopping centre constructed along the waterfront, housing flagship stores of global fashion brands.

C LARSEN LIMITED
C Larsen Limited operates in Thailand as an importer and distributor of high-end furniture brands including Baker, Habitat, Martha Stewart, Barbara Barry, Christian Liaigre, and Herman Miller. The company is currently in the process of expanding its operations in the Asia Pacific region.

PARKWAY HOLDINGS LIMITED
Parkway is one of Asia’s leading healthcare groups with a dominant position in the Singapore private healthcare market through its operation of three hospitals - East Shore, Gleneagles, and Mount Elizabeth Hospitals. Parkway also owns and operates a network of regional hospitals and medical centres in Malaysia, India, China, Vietnam and Brunei. Other healthcare businesses include primary healthcare, radiology and medical labs in Singapore and Malaysia. The company is pursuing a strategy of organic growth through new facilities under development as well as acquisitions. Parkway also holds 35.5% of the equity in the Parkway Life Real Estate Investment Trust.

PARKWAY LIFE REAL ESTATE INVESTMENT TRUST
The Parkway Life Real Estate Investment Trust (“PREIT”) was established by Parkway Holdings Limited to hold income-producing real estate assets in the Asia Pacific region that are used primarily for healthcare-related purposes. PREIT is the largest healthcare REIT in Asia with properties in Singapore including Mount Elizabeth, Gleneagles and East Shore Hospitals (which are leased to Parkway Holdings). PREIT is also pursuing growth through yield-accretive acquisitions including, most recently, two nursing homes and a pharmaceutical manufacturing/distribution facility in Japan.

PREIT gives potentially attractive exposure to both the healthcare and real estate sectors whilst earning an attractive inflation linked yield.

AFC NETWORKS PTE. LTD.
AFC Networks Pte. Ltd. (“AFC”) operates the Asian Food Channel, the first and only regional 24-hour TV channel broadcasting food and lifestyle programming in the Asia Pacific region. This channel began broadcasting in July 2005 and currently airs in Hong Kong and most of the South East Asian countries. The company is presently focused on expanding its geographical reach while selectively producing proprietary content in collaboration with sponsors.

SG LAND LIMITED
SG Land Limited owns the leasehold rights, in partnership with an established Thai property development company, for two office buildings in prime downtown Bangkok locations - SG Tower and Millenia Tower. These two buildings have high occupancy rates and offer attractive rental yields with additional future redevelopment potential.

MINUET LIMITED
Minuet Limited is Symphony’s vehicle for the development of a luxury branded life-style, residential and recreational complex in Bangkok, Thailand. This investment is a joint venture with an established Thai partner who brings local knowledge and real estate expertise. Symphony will be responsible for the design, development and execution of the project.