Issue 3 October 2006

• Welcome

• Recent Developments

• Promotions

• Global Outlook

• Feedback

Dear ,

Welcome back to the world of Open Fairways. We continue to offer discerning golfers unparalleled value and opportunities to play many of the worlds finest courses at significantly discounted rates. Our unique offer is valid for all four players in the same flight as the Open Fairways member and the Open Fairways community is growing and developing by the day.

We invite you to sample some of the exciting new developments described in this newsletter.

Variety is the spice of life – at exceptional value for money it is indeed a truly compelling proposition.

Enjoy Open Fairways where ever on one of our almost 1500 courses you wish to play your next round.

Best wishes,

Michael Lindell
Chairman Open Fairways Asia

Course update

Open Fairways now offer some 150 premier golf courses around Asia while world wide we feature more than 1,500 courses where your Open Fairways membership is valid.

Thailand

Bonanza Golf & Country Club
Has joined Open Fairways network as of late September.

Chiang Mai Lamphun Golf Club
Chiang Mai Lamphun Golf Club in the beautiful northern part of Thailand has joined Open Fairways, as well.

Indonesia
We are proud to present Ria Bintan Golf Club as part of the growing Open Fairways family offering discounts of 50% Mon-Thu and 30% on weekends.

We are also proud to present that another world class golf establishment, Bali Golf & Country Club, is joining Open Fairways offering a full 20% off the green fee for the entire flight with possible savings of up to 113 SGD. Bali Golf & Country Club also offers 30% discount off published room rates at the Wantilan Golf Villas to Open Fairways members as well as other discounts. We invite you to visit www.openfairwaysasia.com for complete details.

Laem Chabang is offering Open Fairways members 30% discount from 1 November instead of the previous 25%. The rates for Open Fairways are 1750 Baht on weekdays and 2100 on weekends.

Thailand

At St. Andrews 2000 and Rayong Green Valley we will be able to continue offering 40% discount on the green fee also for the high season. For latest rates please check St. Andrews and Rayong Green Valley on our website.

Legacy Crystal Bay and Legacy Mountain Shadow is increasing their rates to 2000 Baht for weekdays and 2500 Baht for weekends. Open Fairways will offer these courses at 1000 Baht weekdays (50% discount) and 1400 Baht weekends (44% discount).

Laem Chabang is offering members of Open Fairways 30% discount from 1 November instead of 25%. The rates for Open Fairways are 1750 Baht weekday and 2100 weekend.

Where is your next trip taking you? Macau? China? Malaysia, Indonesia? Sri Lanka? Or to Europe? Ireland, England, Wales, Scotland, Spain, France, Portugal and Sweden, Norway & Finland all offer their finest courses as part of the Open Fairways family.

Please provide your feedback to us at
feedback@openfairwaysasia.com

and for more information go to our website at www.openfairwaysasia.com.