Member & Resident Update Nov. 19, 2009

We are very pleased to report that membership in our New Club has continued to rise steadily. We now have 381 golf members, 88 Sport Members (a reduction from the last reporting due to upgrades to golf), and 157 Social Members. This is a powerful statement about the cohesion and mutual support among the Mediterra members and residents who have made all this happen. This message has not been lost on the Real Estate markets. There has been a sharp spike in demand for Mediterra properties ever since we made the announcement that we had agreed to a deal. This is precisely the effect that we hoped we could have on the property values and liquidity of real estate in our community. Just since our last update to you describing the options ahead for those who had not yet joined, we have had a spate of new joiners and rejoiners. Our challenge now is to turn our attention to the serious business of re-establishing and operating one of the finest private clubs in Florida. There are many gifted and talented people in our community with valuable experience who could help us attain this goal. There is much work ahead of us, and important committee assignments to fill, and we hope you will give some serious thought to lending us your time and talent to make Mediterra the club we all want it to be. (source: advisory board members for Mediterra, 11-19-2009)