Emirates City Forum

Hello everyone,

As you all know by now that construction on subject Project is far behind the schedule & I have been in contact with STAR GIGA regarding above subject and after many emails & phone calls here is the reply which I have received from them, which is self explanatory to some extend & I wish to share it with other concerned investors.

Here it is, as follows.

----- Original Message -----
From: shakil Ahmed [shakil@stargigaest.com]
To: 'Waheed Shahzad'
Sent: Thursday, December 18, 2008 10:00 AM
Subject: RE: GOLDCREST DREAMS CONSTRUCTION UPDATE

Dear Sir,
Good Morning Hope you are fine.
Yes, we agree to that construction has been hold for short time because of some reason.
Our committee will discuss for the same in January. After that we will give notice for payment schedule and construction update also.

If any further enquiry you can mail me.

Regards,

Shakil Ahemad
--------------------------------------------------------------------------------

From: Waheed Shahzad
Sent: Tuesday, December 16, 2008 5:00 PM
To: info@etastar.com
Cc: shakil@stargigaest.com
Subject: RE: GOLDCREST DREAMS CONSTRUCTION UPDATE

ATTN MR. SHAKEEL

With reference to our telephonic conversation regarding above subject, you are requested to send me an update at the earliest. I have noticed by visiting site regularly, that there is not much progress in construction lately. Why the towers are not rising any more? I have not seen any new floor after Ramadan.

I had requested the same earlier to Mr. Shibin and have no response.

Thank you & regards

WAHEED SHAHZAD