Bangkok--2 Jul--Raimon Land Raimon Land has secured a Baht 5 billion project loan for The River, the company’s largest project to date. The loan is a syndicated facility provided by Standard Chartered Bank (Thai) Plc (lead), TMB Bank Plc and Siam City Bank. Plc. It will be used to fund the development cost of The River. The River, located on the banks of the Chao Phraya River, has a target sales value of around Baht 13 billion. Pre-launched in March 2007, the piling for the 250-metre-tall structure has been completed. The value of unit sales to date has already exceeded Baht 7,000 million or about 54% of the total project value. Chief Executive Officer, Nigel John Cornick, commented: “Despite the difficult economic and political climate, Raimon Land and our partners in The River have been able to secure a Baht 5 billion development loan to support the cost of development. The project is on progress to be completed and ready for transfer by 2011.” Pictured from left to right: Fergal Harris, Regional Head, Commercial Real Estate, South Asia of Standard Chartered Bank; Blake Olafson, Senior Vice President of Lehman Brother’s Global Real Estate Group; Nigel J Cornick, Chief Executive Officer of Raimon Land; Margaret Leung, Head, of Origination & Client Coverage for Standard Chartered Bank (Thai) PCL; Luecha Sukrasebya, Executive Vice President of TMB Bank Plc and Jaree Wuthisanti, First Executive Vice President of Siam City Bank Plc. For more information on Raimon Land and its investor relations programme, please contact Khun Phatthra on [email protected], telephone 02 651 9600 ext.139