==============================================================================
                        1Q       1Q    Rank     Rank    Position    Position
                      2008     2007  1Q 2008  1Q 2007 change YOY  change QOQ
                      YOY%     YOY%
==============================================================================
                        ------------- Global House Price Index ---------------
Bulgaria             31.5%    22.6%        1        2          1           0
Singapore            29.9%    13.5%        2        7          5           0
Hong Kong            28.8%     2.7%        3       25         22           2
Jersey               28.0%     4.5%        4       22         18         n/a
Russia               21.7%     n/a         5     n/a        n/a           -2
Iceland              19.1%     9.7%        6       11          5           0
Australia            13.8%     8.6%        7       12          5           2
China                11.7%     5.5%        8       19         11           4
Sweden                9.1%    -0.3%        9       31         22           2
==============================================================================
                        1Q       1Q     Rank     Rank   Position    Position
                      2008     2007  1Q 2008  1Q 2007 change YOY  change QOQ
                      YOY%     YOY%
==============================================================================
                        ------------- Global House Price Index ---------------
South Africa          8.8%    13.6%       10        6         -4          -2
Croatia               7.1%     0.0%       11       28         17          -1
Canada                6.1%    12.6%       12        8         -4          -5
Indonesia             6.1%     5.5%       13       18          5           5
Netherlands           4.5%     8.0%       14       13         -1          11
Norway                3.8%    16.4%       15        5        -10          -2
Spain                 3.8%     7.2%       16       16          0           1
Portugal              3.8%     1.2%       17       27         10           5
Finland               3.6%     5.2%       18       20          2          -3
Poland                3.0%     0.0%       19       28          9         -15
France                2.5%     7.7%       20       14         -6          -1
New Zealand           2.1%    12.4%       21        9        -12          -7
Hungary               1.2%     3.8%       22       24          2           2
Austria               1.2%     6.1%       23       17         -6          -3
UK                    1.1%    11.2%       24       10        -14          -8
==============================================================================
                        1Q       1Q     Rank     Rank   Position    Position
                      2008     2007  1Q 2008  1Q 2007 change YOY  change QOQ
                      YOY%     YOY%
==============================================================================
                        ------------- Global House Price Index ---------------
Lithuania (Vilnius)   0.5%    21.7%       25        3        -22           1
Switzerland           0.4%     2.5%       26       26          0          -5
US                    0.0%     4.7%       27       21         -6           1
Israel               -0.2%    -5.0%       28       34          6          -5
Denmark              -0.7%     4.1%       29       23         -6          -2
Japan                -0.7%    -1.5%       30       33          3         n/a
Germany              -5.2%    -1.5%       31       32          1          -2
Ireland              -8.8%     7.6%       32       15        -17          -1
Estonia (Tallinn)   -10.7%    21.4%       33        4        -29          -1
Latvia (Riga)       -20.0%    61.2%       34        1        -33          -4
============================================================================
NOTE: Where possible the [bn:URL=http://www.knightfrank.com/] Knight Frank [] index relies on an official
national statistical source or a well respected national financial
institution, usually a large mortgage provider. In some cases these
sources of data are not available and valuations are based on
assessments of market movements. In certain cases data relates to
capital cities as a proxy for the wider national market.
This is the case for example of the three Baltic states: Lithuania,
Latvia and Estonia.

SOURCE: [bn:URL=http://www.knightfrank.com/] Knight Frank Residential Research []