NEW DELHI, January 18 – The EMAAR-MGF Indian Masters is already bringing the best players in the world to the capital for the richest event in the history of Indian golf. Now it is ready to focus attention on growing the game and driving Indian golf forward with a purpose that promotes participation.

“We want to sew the EMAAR-MGF Indian Masters into the fabric and tradition of Indian golf,” stated Mohamed Juma Buamaim , Vice Chairman and CEO of ‘golf in DUBAI” in advance of the tournament that will take place 4-10 February 2008 at Delhi Golf Club in the heart of India’s capital.

“That can only take place with a strong foundation of partners and focusing on the youth of this game, which are our two main priorities as we approach this first year event,” he continued.

Partners like EMAAR-MGF as the Main Sponsor, Co-Sponsor CNN International, and OMEGA as the ‘Official Timekeeper’ have extended their full-fledged support to the event for a period of three years through 2010. Sponsorship involves a 365 integrated campaign and exposure at multiple events including the EMAAR-MGF Ladies Masters, which took place 3-8 December 2007 with astounding success at Eagleton Golf Resort in Bangalore.

EMAAR-MGF was equally as excited about the tournament and the importance of teaming up with great partners like OMEGA and CNN International, along with tournament promoters & organisers golf in DUBAI.

“Emaar’s contribution in the golfing arena is undisputed. With Emaar having developed some of the best golf courses in Dubai, EmaarMGF carries forward this commitment through its support to the Emaar-MGF Indian Masters golf tournament which will be an effort to foster encouragement for this game amongst the Indian youth” stated Bill Rattazzi, CEO EMAAR - MGF Land Limited. “We welcome CNN International and OMEGA for collectively supporting this initiative to take Indian golf to the global level,” he continued.

“Over the last few years golf has become increasingly popular in India and EMAAR-MGF Indian Masters will provide further impetus to the popularity of the sport. CNN International’s association with the Dubai Desert Classics for the 5th consecutive year is a continuation of a longstanding tradition of associating with premium golf events,” stated Monica Tata, Vice President, Advertising Sales and Networks, India & South Asia for Turner International India Pvt. Ltd.

OMEGA’s involvement in golf is longstanding and includes such tournaments as the Abu Dhabi Golf Championship, the Dubai Dessert Classic, the Dubai Ladies Masters and the OMEGA Mission Hills World Cup in China. As the ‘Official Timekeeper’ of yet another world-class event, the EMAAR-MGF Indian Masters represents new territory for the company with regard to sponsorship, as India emerges as one of the world’s favoured destinations for investment, commerce and tourism.

“As the ‘Official Timekeeper’ Omega are helping keep the organisers on schedule in the lead up to one of the most anticipated events in India’s sporting history. The inaugural EMAAR-MGF Indian Masters is soon going to be the benchmark for which all events in the region will strive to match,” stated P.H. Narayanan, Omega Brand Manager India.

"We want to build the EMAAR-MGF Indian Masters on a powerful foundation, and working with the proper partners is a key step that will ensure this takes place, stated Mohamed Juma Buamaim, Vice Chairman & CEO from ‘golf in DUBAI,’ the tournament’s Organisers and Promoters.

In its inaugural year, the EMAAR-MGF Indian Masters, in association with golf in DUBAI’s and the Shaikh Maktoum Golf Foundation have some exciting announcements that will further assist in growing the game.

With the support of the Main Sponsor, tournament organisers will extend free entry to juniors under the age of 18 with a paid adult to attend each and every day of the event. Furthermore, the event will give aspiring junior golfers and children interested in taking up the game, an opportunity to attend a golf clinic on Friday, 8th February hosted by world number 4 Ernie Els. The clinic is set for 5:30 pm at Delhi Golf Club, and parents can sign up their child at www.emaarmgfindianmasters.com.

Jeev Mikha Singh, Jyoti Randhawa, Arjun Atwal and Gaurav Ghei are well known for their golfing prowess world wide, and many believe the EMAAR-MGF Indian Masters will be a great opportunity for other players to leave their indelible imprints on the bigger stage, while also exposing the game to the youth that will ensure a healthy foundation for the future.

golf in DUBAI in co-operation with the three professional tours (European Tour, Asian Tour and Professional Golf Tour of India) will bring the best players in the game together to celebrate Indian golf for the inaugural EMAAR-MGF Indian Masters. EMAAR-MGF Indian Masters has attracted a high-profile sponsorship line-up including EMAAR-MGF as the Main Sponsor, and Omega and CNN as valued Co-Sponsors. The event boasts a 2.5 Million US prize fund, and will inject new excitement into the country’s golf scene when it arrives in the heart of India’s capital, February 4th -10th at Delhi Golf Club.

About EMAAR-MGF:
Emaar MGF is a joint venture between Emaar Properties PJSC, Dubai – one of the world’s leading real estate company and MGF Developments Ltd., India –. It is engaged in the development of properties in the residential, commercial, retail and hospitality sectors. In addition, it has taken steps to develop property in the healthcare and infrastructure sectors. Its operations span various aspects of real estate development such as land identification and acquisition; project planning, designing, marketing and execution.

The Company has plans to construct master planned developments including residential, retail and hospitality properties to provide fully integrated self contained communities and stand alone development. Some of the current projects under implementation include development of Palm Springs and Palm Drive at Gurgaon, Mohali Hills at Mohali, and Common Wealth Games Village 2010 residential complex at Delhi.

Note
The Company is proposing, subject to market conditions and other considerations, a public issue of its equity shares and the Company has filed a Draft Red Herring Prospectus with SEBI. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at, www.enam.com,www.dspml.com, www.citibank.co.in, www.gs.com/country_pages/india, www.hsbc.co.in, www.jpmipl.com and www.kotak.com. Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled “Risk Factors” of the Red Herring Prospectus or the Prospectus, which may be filed with the Registrar of Companies in future. Potential investors should not rely on any Draft Red Herring Prospectus filed with SEBI.

About CNN International:
CNN, a division of Turner Broadcasting System, Inc., a Time Warner Company, is one of the world's most respected and trusted sources for news and information. Its reach extends to 14 cable and satellite television networks; five Web sites, including CNN.com, the first major news and information Web site; two private place-based networks; two radio networks; wireless products that provide news and information to mobile devices; and CNN Newsource, the world's most extensively syndicated news service. CNN International, the world’s leading news network, is available to more than 220 million households and hotel rooms in more than 200 countries and territories, including more than 34 million in the Asia Pacific. CNN’s regional headquarters in Hong Kong originates more than 30 hours of programming every week, including live prime-time programs CNN Today, World News Asia and chat show Talk Asia. Hong Kong is also the production hub for CNN.com /International Edition and the coordination centre for CNN’s nine regional news bureaus in the region.

About OMEGA:
The prestige watch manufactures OMEGA was founded in 1848 and has since continually set the pace in the many fields of watch making: from precision, competitions, sports timekeeping, design awards to watches for professional use in space or underwater, Omega identifies with a world of achievements that includes the conquest of space, timekeeping at 22 Olympic Games, numerous precision records and design awards. OMEGA will be Official Timekeeper for the Beijing 2008, Vancouver 2010 and London 2012 Olympic Games.

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