Knight V.
Frank 5'

Forbes Esq
cneslemeld

188 aromplon Road
London

swa 1H0

14 January 2004

Dear David
Mr Scot Young

I understand you require a relerence in respect olttle above. Mr Scat Young is someone who has
been a Client 0! Knight Frank for the past 10 years, During that he has Carried out many transactions
both in Central London and within the Country market. He has undenaken a number 0' private
acquisitions and disposals over this period nHime ranging {mm Circa GBP2 million to over GBP20 millionContext, the most important single private Client the firm has within the UK.

I personally have been involved in over GBP60 million of transactions With him and in every instance not
only has ne been very straigntloiward in agreeing terms' but has also inen perlormed exaclly upon
me lines agreed wilnin timescales set. have had dealings witn nis lawyers and his bankers during
inis time these have been slraigntlorward and orolessional,

llyou would like lo discuss tnis any runner i would be happy lo do so with you in tne bounds of
confidentiality,

Yours sincerely

Lord Andrew Hay
Knight Frank LLP

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