DGAP-News

Haldane McCall Plc: Haldane McCall PLC commenced the construction of 1,000 units of Low cost homes (deutsch)

Haldane McCall Plc: Haldane McCall PLC commenced the construction of 1,000 units of Low cost homes

DGAP-News: Haldane McCall Plc / Key word(s): Product

Launch/Miscellaneous

Haldane McCall Plc: Haldane McCall PLC commenced the construction of

1,000 units of Low cost homes

03.03.2012 / 11:20

---------------------------------------------------------------------

Press Release

Lagos, March 3 2012

Ticker Symbol: HMK

Haldane McCall PLC commenced the construction of 1,000 units of Low cost

homes

Haldane McCall PLC subsidiary Suru Homes Limited today confirms it has

commenced the construction of 1,000 units of low cost homes in support of

Lagos State Government housing needs in Nigeria.

The total projects sum is Euro 23.5million.

The projects will span 18 months and will be carried out in 10 phases.

The projects location is Ikorodu, Lagos, Nigeria.

Each will be sold for Euro 47k and will be offered with a 40% mortgage to

buyer. The mortgage will be provided by Nigerian Banks to buyers.

All the 100 homes in phase one have been 100% presold.

The Nigerian Government estimated that it has a shortage of 16million new

home.

Haldane McCall PLC owns and operates among others, the Best Western Hotel

Brand in Nigeria, Suru Express Hotels in West Africa , Johnson Product of

Nigeria , Suru Homes Limited and Independent Prolific Micro Finance Bank.

Please send enquiries to: [e-mail] or

Visit our website: www. haldanemccallplc.com

Safe Harbor Statement; The statements contained herein are forward-looking

statements that are subject to risks and uncertainties that could cause

actual results to differ materially from those expressed in the forward-

looking statements, including, but not limited to, certain delays beyond

the company's control with respect to market acceptance of new technologies

or products, delays in testing and evaluation of products

End of Corporate News

---------------------------------------------------------------------

03.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a

company of EquityStory AG.

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

DGAP's Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------

159221 03.03.2012