UPDATE ON COMPLETION

Q: "Developers brochure stated Completion Date as October 2008.

Developer's document FAQ's stated that the development would commence in October 2006 and would be completed in October 2008.

The Agent stated that the contract would be sent on payment of the first installment. However, the contract was sent very late after repeated requests to the Developer and Agent. The contract was eventually signed on 9 October 2007.

On 10 May 2007 the developer stated that the agreement with the clients on the payment schedule was never construction linked. The developer stated that they had made it clear to Axiom that there was a change in contractor on the site and the new contractor had been appointed and the construction would commence shortly. However, the developer was confident that they would complete the construction as promised within the time frame.

On 19 August 2008 the developer stated that the ninth installment payment would become due at the time the fittings and fixtures wo