PRESS RELEASE

Eagle Hills appoints Nikola Nedeljkovic as General Manager of Belgrade Waterfront

Belgrade, Serbia; June 2, 2015:Eagle Hills has appointed Mr. Nikola Nedeljkovic as the General Manager of Belgrade Waterfront. His expertise and contribution will bring additional local support to the project.

Mr. Nikola Nedeljkovic graduated in Boston, USA and obtained his Master`s degree in Milan, Italy. He obtained an extensive and proven international and local experience in the areas of corporate finance, development and real estate, from New York, USA, Netherlands, Luxembourg, Hong Kong to Serbia, as a CEO of MPC Properties and founding partner of Novaston Asset Management. Mr. Nedeljkovic is also a member of the Royal Institution of Chartered Surveyors (RICS). As a General Manager of Belgrade Waterfront, Mr. Nedeljkovic will serve as its lead officer, managing a local team with various areas of expertise.

Nikola Nedeljkovic will officially take on the position of General Manager after completion of all legal and administrative steps concerning the joint venture agreement which was signed between the Republic of Serbia and Eagle Hills on April 26, 2015. In accordance with this agreement, Aleksandar Trifunovic, former General Manager of Belgrade Waterfront, will be appointed as the Deputy General Manager by the Government of the Republic of Serbia.