PROFESSIONAL LETTERS OF REFERENCE & RECOMMENDATION

BESIX N.V.
"ITIC s.r.o. has provided substantial assistance during the tender period for the project "Rašin Building" of NATIONAL NETHERLANDEN in Praha. We were satisfied with the excellent performance of the services rendered by ITIC s.r.o."
J. Janssen, Manager

Hydrostav a.s. Bratislava
"Hydrostav, joint stock company, branch Podunajské Biskupice hereby confirms that we have been successfully cooperating with ITIC Ltd in the area of preparation and construction for several years. Our cooperation is based on a good partnership at a professional level."
Ing. Jan Škripen, Managing Director

Gewerbebau-Beratung GmbH
VEBA-IMMOBILIEN AG/Bochum
"... we were especially impressed by the level of personal engagement in this project readily displayed in a regular manner by the senior management of ITIC right through until the completion of the first building of som 17.500 m2 in March 1996 and end of the contractual relationship betwen GBB and ITIC. We wish ITIC well with their future business in Central and Eastern Europe."
Jonathan Driscoll, General Manager for ČR

Ogden Energy Group
"ITIC s.r.o. provided professional Project Manager Services during the entire construction and due to their involvement the project was successfully completed in due time and with excellent quality. We are very stisfied with the performance of the services by ITIC s.r.o."
Jorge L. Alfonso, Project Manager

Euronova, a.s.
"Due to the involvement of ITIC, s.r.o. the first phase of the project was completed in due time and August 3, 1999 and the 2nd phase on October 3, 1998. Furthermore, ITIC, s.r.o. has advised us on the technical aspects of the project. They have supported us with professional management services. We are delighted to give ITIC, s.r.o. an excellent reference."
Geert Jan ten Hoonte, Managing Director, Hypernova

Real Estate Karlín
"I'm confirming that company REAL-ESTATE Karlín, a.s. was fully satisfied with its cooperation with ITIC, s.r.o. This cooperation led us to a record time and excellent quality development of the 18.000 sq. m. office building Palác Karlín."
Serge Borenstein, General Manager, Palác Karlín

Royal AHOLD
"Due to the involvement of ITIC sro all projects were finished in due time and in good order. Furthermore ITIC sro advised us on the technical ascpects of the projects. We received full support and professional management services. We are delighted to give ITIC sro and excellent reference."
Anton Van Gorp, General Manager, Mana Division

BOSAL ČR
"The production factory was completed in good time, excellent quality and within the budget. All technical problems that arose during the course of the construction were solved in a professional manner. ITIC spol. s.r.o. was solely responsible for the Design, Engineering, Project Management and full site supervision services. We are pleased to give this letter of reference to ITIC spol. s.r.o. and Mr. Ludo Van den Bergh."
Art Beck, Managing Director