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10:11 AM Bermuda Promotes Grand Atlantic Development Investment Opportunity

Impressive Ocean View Housing Property on South Shore of Bermuda Available for Investment, Ownership and Further Development HAMILTON, Bermuda - Tuesday, May 7th 2013 [ME NewsWire] (BUSINESS WIRE)-- The Government of Bermuda and the Bermuda Housing Corporation announced today the solicitation of requests for information (RFI) from investors and potential buyers for the Grand Atlantic Development on the South Road in Warwick, Bermuda. The Grand Atlantic is an impressive property development in a desirable neighborhood with tremendous Atlantic Ocean views on the South Shore in Bermuda. Bermuda is taking a distinct and new approach with this development. Investors and potential buyers are being offered the best in Bermudian style and traditions, with lush, landscaped gardens that feature a variety of local flora, trees and palms and units with panoramic views of the water and gardens. With access to acres of park grounds and a beautiful, secluded beach, the location is perfect for outdoor living and nature enthusiasts and for accessing the rest of the island. While this is multi-family housing investment opportunity that is currently a condominium property, the Government of Bermuda is flexible in terms of approach and will work to ensure appropriate further development. KEY FACTS ABOUT THE GRAND ATLANTIC DEVELOPMENT     78 Units total         36 Premium Units (8-3 Bedroom & 28-2 Bedrooms)         42 Garden Units (10-3 Bedrooms & 32-2 Bedrooms)     2 Bedroom Unit - 970 net square feet and 3 Bedroom Unit - 1212 net square feet     Stand-By Generator for emergency power - All 78 Units     Bulk Gas Storage for stoves and clothes dryers - 2nd & 3rd Phase ONLY (54 Units)     Solar Panels for the heating of Water Heaters - 2nd & 3rd Phase ONLY (54 Units)     All Units equipped with Water Meters to measure Unit usage     Watlington Water Works utilized as a 'top up' resource for water tanks     Water Treatment Sewage Plant installed thus eliminating the need for cess-pits     Each Unit is fully Fire Sprinkled     Unobstructed pedestrian access via Southlands Park to Southlands Beach     1 Parking Bay allocated to each Unit     Visitor parking evenly situated throughout Development     Garbage Compactor Area centrally and inconspicuously located on site     Traditional Bermuda 'push-out' louvered Storm Shutters installed     In-wall A/C included in each habitable room     Stainless Steel Appliances included in all Premium Units and White Appliances included in Garden Units     115 square feet of Private Outdoor Living Space     Existing Cliff Face remediated with reinforced concrete and eradicated of casuarinas This RFI is intended to determine whether or not there is sufficient market interest to invest in this unique opportunity and to enhance the development of the property. Responses should be delivered to the Office of Project Management and Procurement in Bermuda detailed information is provided below no later than 4:30 p.m. Thursday, May 23, 2013. The RFI information pack on the Grand Atlantic Investment and Development Opportunity is available at www.bhc.bm. In the event there is sufficient market interest the Bermuda Housing Corporation may, but is not obligated to, initiate a competitive bidding opportunity. Responses from investors and potential buyers should include a statement of interest and information as requested in the description of requirements and output and must provide information indicating that they are qualified to perform the services including a brochure, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff. Organizations/Individual may associate to enhance their qualifications. Responses should be delivered to Office of Project Management and Procurement at the address or email and fax stated below: Procurement Manager Government of Bermuda Ministry of Finance Office of Project Management and Procurement General Post Office Building 2nd floor, 56 Church Street Hamilton, HM 12 Bermuda Email: procurement@gov.bm Fax: 441 295 4675 The outer package must state reference: "RFI 2013/001 Grand Atlantic Investment and Development Opportunity” and written inquiries must include the subject line "Ref: RFI 2013/001 Grand Atlantic Investment and Development Opportunity” and use the email and fax number listed below. There will be no evaluation, ranking, or selection of vendors as a result of this RFI. It will not be used to pre-qualify or screen vendors for a subsequent competitive bidding process, if any. The intent is to gather information on potential optional use of this property. If subsequent competitive bidding opportunities are issued, the Office of Project Management and Procurement will only advise parties who have put forward "workable options” based on the requirements and outputs. Vendors should monitor media outlets in Bermuda for additional opportunities, which will be open to all vendors, whether or not a response to this RFI was submitted. Contacts Government of Bermuda, Department of Communication and Information Robin Holder, 441-292-6474 rjholder@gov.bm

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