PRESS RELEASE: M3 COMMUNICATIONS/ HONEYWELL SIGNS LEASE AT TISHMAN INTERNATIONAL'S STATE-OF-THE ART SOFIA AIRPORT CENTER IN BULGARIA

   M3 COMMUNICATIONS/ HONEYWELL SIGNS LEASE AT TISHMAN INTERNATIONAL'S STATE-OF-THE ART SOFIA AIRPORT CENTER IN BULGARIA

   American Multinational Company Secures Outstanding Location Adjacent to Sofia Airport in Prestigious New Center for International Companies & Business Travelers

   (SOFIA, BULGARIA - June 9th, 2009) - Developer Tishman International Companies, a leading international commercial real estate development and management company, and GE Real Estate Central & Eastern Europe, have announced that Honeywell EOOD, the Bulgarian arm of the leading multinational corporation Honeywell, has signed a 64-month lease for 3,000 sq. m. of office and warehouse space in the Logistics Center of the new Sofia Airport Center (SAC), located at 64, Christopher Columbus Boulevard in Sofia, Bulgaria.

   The high-profile SAC, a flexible mixed-use office, hospitality and logistics project currently being developed, is the largest and most successful development of its type in Bulgaria, developed and managed according to Western European and U.S. standards. SAC's energy-efficient and environmentally friendly Logistics Center is fully equipped to meet and exceed the high expectations of multinational tenants, including Fortune 500 companies such as Honeywell.

   Honeywell is a $27 billion American company and a leader in diversified technology and manufacturing that serves customers ranging from private consumers to major corporations worldwide. Traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges, Honeywell owns many familiar product brands. The company provides aerospace and defense products and services; thermostats and control technologies for buildings, homes and industry; specialty chemicals; fibers; plastics and electronic and advanced materials. Today, the company employs approximately 125,000 people in more than 100 countries.

   The Logistics Center offers flexible space that is suitable for a variety of purposes. "Sofia Airport Center's tenant-focused flexibility, with its mix of office, industrial and logistics space, is ideal for accommodating the various needs of Honeywell's Bulgarian operation," said Tishman Chairman Alan D. Levy. "Honeywell EOOD's assembly of electronic control cabinets is conveniently located in the same leased premises," he added.

   The prestigious SAC project will further enhance the image of the Bulgarian capital as an international business center and a vital regional link for the European economy.

   Construction of the three SAC Logistics Center buildings is nearly complete, and warehouse space in the first two finished buildings is already fully leased. Adjacent to the Logistics Center, in the SAC Office Center, Tishman is constructing a Class A, 17,500-sq.m. five-story office building, slated for completion at the end of 2009.

   The SAC Office Center building is Bulgaria's first LEED-certified commercial building, and is expected to achieve LEED "silver" status. (The U.S. Embassy in Sofia is also LEED-certified.) Local authorities will confer special recognition on the energy-efficient and environmentally friendly Logistics Center.

   Honeywell was drawn not only by SAC's convenient location and superior quality construction, but also by the comprehensive services, such as 24-hour security, landscaping and engineering services provided by Tishman's on-site property management. Offering clear advantages over other Sofia projects, the sophisticated facility's proximity to Sofia International Airport, just three minutes away, as well as to major transportation arteries, is a crucial asset to SAC tenants.

   Forton International represented Tishman in the lease transaction, and Jones Lang LaSalle represented Honeywell EOOD.

About Tishman International Tishman International Companies is active in the United States and Europe in the acquisition, development, management, and financing of commercial real estate. Tishman has acted as a consultant and joint venture partner to some of the world's leading institutions and private investors.

   About Tishman International in Europe In 1986, Tishman established its European headquarters in London, England. Since then, The Company has developed and/or managed in excess of six million square feet of premier office and commercial space in the United Kingdom. Additionally, Tishman has provided acquisition and management expertise for millions of square feet of prime real estate assets in Europe, including several Supermarket Centres in the Czech Republic for an International Supermarket Company. Its prestigious roster of clients and partners has included Metropolitan Life, New York Life, Teachers Insurance, Bank of America, Grosvenor International, Citibank, American Express, Fidelity Investments, Lend Lease, HVB Real Estate, and many others.

   About GE Real Estate GE Real Estate currently has over 1 billion invested in Central and Eastern Europe. The Company has invested or developed in the retail, office, residential and logistics sectors in the Czech Republic, Poland, Slovakia, Bulgaria, Hungary and Romania. The Company made its first investment in Turkey in 2006. GE Real Estate (www.gerealestate.com) is one of the world's premier commercial real estate companies with more than US $87 billion in assets and a presence in 31 markets throughout North America, Europe, Asia, and Australia/New Zealand. GE Real Estate offers a comprehensive range of capital and investment solutions including equity capital for acquisition or development, as well as fixed and floating rate mortgages for new acquisitions or re-capitalizations of commercial real estate. With a 28% compound annual growth rate since 1993, GE Real Estate is one of the world's fastest growing and most profitable real estate enterprises. This extraordinary record of success grows out of a reputation for collaboration and partnership; a depth of knowledge and experience and a history of building relationships, finding opportunities and opening doors for more than 5,000 owners, builders, borrowers and brokers worldwide.

   (Dies ist eine Mitteilung von M3 COMMUNICATIONS. Für den Inhalt ist ausschließlich der Emittent verantwortlich.

   The issuer M3 COMMUNICATIONS is solely responsible for the content of this announcement.)

   June 09, 2009 04:00 ET (08:00 GMT)- - 04 00 AM EDT 06-09-09