Silk Road Group S.A.

On September 21st, in New York City, at the Trump Tower on 5th Avenue, Mr.Donald Trump and Mr. Giorgi Ramishvili, Chairman of the Silk Road Group, have signed the document that marks the initial step for the well known Trump brand to enter the Georgian real estate market. The signed letter of intent calls for the first ever Trump-tower in Tbilisi as well as potential projects to be constructed in Adjara Sea resorts. The signing ceremony in New York City was attended by the President of Georgia, Mikheil Saakashvili along with other important guests and the members of the Georgian and US press.

The possibility for the Trump brand to enter Georgia was first discussed in New York, during the meeting between President Saakashvili and Mr. Trump. The meeting was organized by the Silk Road Trans-Atlantic Alliance, the US extension of the Silk Road Group. The New York meeting was followed by Mr. Michael Cohen’s visit to Georgia in July, in order to take a firsthand look at the potential sites for the first Trump project in the country. Mr. Cohen is an Executive Vice President of the Trump Organization. The signed letter of intent is the result of a number of consultations in recent months and came after a careful analysis of the market potential of Georgia.

"We are delighted to have an opportunity to partner up with Mr. Trump and his entire organization. I am confident that the signature - golden standard- of the Trump brand that is well known to the world, will give the additional boost to the Georgian real estate market and to the growing Georgian economy as a whole. I've pledged to Mr. Trump that our company, Silk Road Group and I personally will do our best to make the Trump project a reality, and I also thank him for his trust in our company and in the future of my country" - says Mr. Ramishvili.