For Immediate Release March 13, 2007

Contact Information: Brett Brooks Manager, Marketing Communications Troon Golf 480.477.0480

N E W S

TROON GOLF TO MANAGE LAS COLINAS DE CAMPOAMOR GOLF RESORT Continues Aggressive European Expansion

Scottsdale, Ariz. - Troon Golf, the leader in upscale golf course management, development and marketing is pleased to announce that it has been selected to manage Las Colinas de Campoamor Golf Resort. Located along the Mediterranean coast in the city of Murcia, the resort is set in the middle of Spain's fastest growing golf destination.

Scheduled to open in 2009, Las Colinas Golf Resort will offer guests and residents a desirable and active Mediterranean lifestyle. The site will include the luxury five-star hotel, The Westin Las Colinas as well as extravagant villas and upscale apartments perched atop hillsides overlooking lush meadows and flourishing pine forests. All this surrounded by an 18-hole championship golf course, designed by Cabell B. Robinson, Europe's most successful golf architect. The resort will feature a well-equipped practice facility for golfers of all ages and playing abilities. Here, golfers can fine tune their skills on a spacious driving range and specially designed pitch & putt course.

"We are excited to be selected by Gmp to manage Las Colinas de Campoamor Golf Resort and to continue our expansion into Spain," stated Bruce Glasco, senior vice president & managing director of Europe, Africa and Middle East, Troon Golf. "We believe that it will become one of the premier golf facilities in Spain and all of Europe."

By following a strict environmental protection plan, Las Colinas Golf Resort is preserving the natural surroundings of the entire community. Indigenous trees and flora will be used to decorate private gardens and lush landscaping to adorn every hole of the golf course. By preserving the environment and its natural areas, Las Colinas Golf Resort will create a charming atmosphere appealing to those who enjoy an active outdoor lifestyle. With moderate temperatures and more than 300 days of sunshine a year, golfers are sure to enjoy the amenities at Las Colinas Golf Resort year around.

Gmp, the owner of the project, is one of the leading unlisted Spanish real estate groups. Focused on investing, developing and managing its own assets, Gmp places a special emphasis on the business park and office segment. In 2005, Gmp moved into the residential segment with both permanent city homes and holiday homes along the coast. Throughout its 25-year history, Gmp's distinguishing practices include a commitment to quality and maximizing customer satisfaction and loyalty in every project. Gmp's knowledge of the market and its capacity to adapt to a changing environment, has contributed to making Gmp a dynamic company in constant expansion.

Headquartered in Scottsdale, Arizona, Troon Golf is the world's largest golf management company, overseeing operations at more than 185 courses located in 30 states and 22 countries. Additionally, 34 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include Talking Stick Golf Club, Scottsdale, Ariz.; The Westin Turnberry Resort, Ayrshire, Scotland; Classic Club, Palm Desert, Calif.; Lake of Isles, North Stonington, Conn.; Brookwater Golf Club, Queensland, Australia.; Monte Rei Golf & Country Club, Algarve, Portugal; Palmilla Golf Club, Los Cabos, Mexico; and The Grove, London, England.

Troon Golf www.troongolf.com

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