Statement by General Partner

2009-06-152009-06-17Limited Partnerships Act 1907TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk846330

Blackstone Real Estate Partners Europe III L.P.

the “Partnership”

TRANSFERS OF PARTNERSHIP INTERESTS

Notice is hereby given, pursuant to section 10 of the Limited Partnerships Act 1907, that:

(a) each of Cornerstone Capital, Inc, Langton Ltd, Lexington Realty Fund III, LLC and LJH Partners LP has assigned 100% of its interest as a limited partner in the Partnership to Volta Holdings Ltd.;

(b) Davycrest Nominees has assigned 32.94% of its interest as a limited partner in the Partnership to Volta Holdings Ltd.;

(c) New Ireland Assurance plc, has assigned 32.47% of its interest as a limited partner in the Partnership to Volta Holdings Ltd.; and

(d) Partners Capital Peregrine Fund III, LP has assigned 41.42% of its interest as a limited partner in the Partnership to Volta Holdings Ltd.,

and that each of Cornerstone Capital, Inc, Langton Ltd, Lexington Realty Fund III, LLC and LJH Partners LP has ceased to be a limited partner in the Partnership and Volta Holdings Ltd. has become a limited partner in the Partnership.

On behalf of Blackstone Real Estate Partners Europe III L.P., acting by its general partner, Blackstone Real Estate Associates Europe III L.P., acting by its general partner Blackstone Real Estate Associates Europe (Delaware) III L.L.C.

15 June 2009