ADVISORY/China's Emerging Economy; Sponsored by RTKL.

News Editors/Assignment Desks

ADVISORY...for Nov. 13 (Thurs.)

--(BUSINESS WIRE)

Panel Discussion on the Impact of Economic Reforms - Industry Experts Outline the Legal, Trade, Investment, Urban Planning and Architectural Challenges Facing the New China

DATE:   Thursday, November 13th, 2003

TIME:   Registration and continental breakfast 8:00 - 8:30am.
        Presentations from 8:30 - 9:15am followed by Q&A.

WHERE:  The Harvard Club at 27 West 44th Street (between 5th and 6th)

WHAT:   Hosted by RTKL - one of the leading architecture and urban
        planning firms in the world - the panel discussion will
        examine the legal, trade, investment, economic, urban planning
        and architectural challenges facing the New China stemming
        from reform legislation and new leader Hu Jintao. Learn how US
        companies and investors can benefit from China's
        redevelopment. Topics and panel members include:

WHO:
        --  Paul Jacob, Chairman of RTKL, sponsor and a major presence
            in China. 200 million people are expected to migrate to
            China's urban areas by 2010. To accommodate this shift,
            the Chinese Government has pumped billions of dollars into
            infrastructure projects - roads, rail, subways, power
            plants, bridges and more - dwarfing the outlays spent on
            the New Deal and Marshall Plan. Jacob will discuss the
            modernization of China's cities and the emergence of its
            middle class.

        --  Dr. Nao Matsukata, Chair of the Strategic and
            International Business Practice at Hunton and Williams, a
            leading international law firm. Few issues are more
            provocative than trade policy between the US and China.
            Dr. Matsukata will discuss currency, trade policies and
            operational ramifications for companies doing business in
            China. Dr. Matsukata is the former Director of Policy and
            Planning to US Trade Representative Robert Zoellick.

        --  Arvind Sachdeva, portfolio manager with Victory Capital
            Management, the asset management arm of KeyCorp. As China
            rebuilds its cities and infrastructure, certain US
            companies and sectors stand to reap sizeable benefits.
            Sachdeva will explore the likely winners and outline the
            long-term investment opportunities for global investors.

        --  John Trammell, CEO of Investor Select Advisors, a fund of
            hedge funds that specializes in Asia investing. Hu Jintao
            has hinted on plans to liberalize China's investment
            environment. Simultaneously, there is tremendous pressure
            on China to float the Yuan, which could open the country
            to potentially dangerous derivative investing. Trammell
            will discuss the likelihood of investment liberalization,
            currency reform and the impact for hedge fund investors.

RSVP:   Media wishing to attend should contact Donna Stoehr at
        212-840-1661 or [e-mail].