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24 March 2009

In line with Tameer’s stated aim to provide the best in comfortable living spaces and inspirational work environments, Tameer is reviewing the construction programmes and associated costs for its iconic Tameer Towers project on Al Reem Island, Abu Dhabi.

Tameer is committed to the delivery of Tameer Towers in a cost-effective manner, to the ultimate benefit of its clients, investors and partners.

Tameer confirms that the Tameer Towers project is moving ahead. The enabling
works are complete. Residential sub-structure works will commence upon completion of this assessment.

Tameer will continue to deliver excellent service, maintain its valuable relationships,
and provide clear and transparent information to all parties.

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