Credo acquires Anglo American’s London Head Office We are pleased to announce that we have completed the acquisition of 20-24 Carlton House Terrace, London, SW1; the London headquarters of Anglo American in St James’s, just off Pall Mall. A landmark building in a prime location, which offers core capital preservation with capital growth potential, since the rent is historically low for this location. The purchase price of £66.5m reflects a net initial yield of 6.34% after all anticipated acquisition costs (assuming that the outstanding rent review for March 2009 is settled in line with our expectations). The acquisition provides anticipated annual cashflow of circa 6% pa over 5 years (assuming that the above mentioned outstanding rent review is settled in line with our expectations). This acquisition illustrates the Company’s ability to source good opportunities in the current economic environment. For further information on this property opportunity,Fund III or on Credo’s other investment opportunities please contact your Relationship Manager or email us at info@credogroup.com Credo Property International Limited - Summer 2009 +44 (0)20 7968 8300                                                                                                                          www.credogroup.com