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Tevfik Turel, Executive Vice President, Director of Eurasia & Middle East Operations, Stewart International, joins INVgolf Investment Forum 2005 Steering Committee

Tevfik Turel

March 3, 2005 -- Tevfik Turel, Executive Vice President, Director of Eurasia & Middle East Operations, Stewart Information International, Inc., and Acting General Manager, Stewart International A.S., Turkey, accepted to join the Steering Committee of the INVgolf Investment Forum 2005, to be held in Belek, Antalya, Turkey, April 22 & 23, 2005. This international Steering Committee consists of respected members of the hospitality, leisure, golf and real estate industries with hands-on experience in the EMEA (Europe, Middle East and Africa), Central Asian and Black Sea regions as well as Peter Michel Heilmann, Founder & Director, INVgolf.

Tefik is an experienced Project Engineer, Project Manager and Project Consultant with more than 20 years relevant experience. He has been responsible for all field engineering and administration for a major U.S. engineering firm in the highway and paving division in Dallas, Texas. He has also supervised up to 60 personnel for one construction effort. As Chief Cost Engineer, he was responsible for designing and implementing a new cost reporting system. As an international Project Consultant, Tevfik successfully completed 19 projects for a variety of clients, prior to joining Stewart in 2001.

Career summary

Name and surname Tevfik Turel
Present position Executive Vice President, Director of Eurasia & Middle East Operations, Stewart Information International, Inc.; Acting General Manager, Stewart International A.S., Turkey
Education University of Dallas, Texas, USA, 1990
MBA - International Management - GPA: 3.6
Bosphorus University, Istanbul, Turkey, 1986
Bachelor of Science - Civil Engineering, June
Professional experience

2001 – present

Executive Vice President, Director of Global Land Projects, Stewart Information International, Houston, Texas USA:
As Director of Land Projects, Tevfik is responsible for formulating the project approach and ensuring the project's success. He will correspond with the Project Manager as required, and solve any unusual problems that may arise. Specific on-site visits will be made as needed.

1994 – 2001

Real Estate Development Director, Turel & Turel Real Estate Development & Consulting Ltd., Istanbul, Turkey:
12/2000 - 11/2001 - Tekfen Holding, Real Estate Development Division - Market study, best-use analysis and development advisor for newly proposed high-class residential project at Bosphorus, Istanbul.
12/2000 - 02/2001 - Bayindir & Tepe Joint Venture - Preliminary market study for newly proposed residential project over 495 acre (2,000,000 m²) land at the Anatolian Side of Istanbul
12/2000 - 02/2001 - M+N+S Group (Mesa+Nurol+Suzer) - Development advisory work for a major development project of over 420 acres (170 ha.) of land on the European side of Istanbul
05/2000 - 06/2000 - Parsons - In-depth analysis of Istanbul residential market for the Company's entry strategy to Turkey
01/2000 - 03/2000 - Surmeli Group - Restructuring and best-use study for "Park Hotel" located at the center of Taksim
12/1999 - 06/2000 - Tepe Group - Marketing and development consultancy for a major development project with 1,500 dwellings at the Anatolian Side of Istanbul
09/1999 - 07/2000 - Yuksel Group - Marketing of Kalamis Residence on the Anatolian side of Istanbul, a 20-storey high- class building for the "creme-de-la-creme" segment of the market
08/1998 - 10/1999 - Dumankaya Group of Companies - Marketing and development consultancy for all real estate development project including Eskihisar Gumus Vadi, Yenisehir Konutlari as well as all-new Dragos Drive
01/1999 - 11/2001 - Master minding the organisation and setting up of the first "mortgage origination and servicing" company in Turkey, Gayrimenkul Finans Servisi A.S.
01/1998 - 01/1999 - Denizati Kent Apartments, Istanbul - Relaunch and marketing of first-class apartment complex with 138 apartments to be marketed as well as investment consulting for future developments which includes a shopping mall, specialty mall and high-class residences
03/1998 - Isbas - Istanbul Trace Free Trade Zone, Istanbul - Evaluation of existing development plan from the technical point of view as well as recommendation for restructuring of marketing efforts
02/1998 - Nestle (Mis Sut) - Turkey - Evaluation and valuation of the proposed headquarters building for newly formed dairy product division
06/1997 - 06/1998 - Project Management and technical coordination of an alcohol and beer production plant in Azerbaijan for French Cassel Holding and Czech Pilsner Urquell. (Currently the project is on hold due to political changes in Azerbaijan.)
12/1997 - 3M - Turkey - Evaluation for construction of the proposed manufacturing site
10/1996 - 07/1997 - Ekinoba Apartments, Istanbul - Re-imaging of the residential complex developed by Ekinciler Holding, including a technical face lift, setting up a new pricing and marketing strategy as well as organisation of a new marketing and real estate development group
02/1996 - 01/1997 - "The Landmark", Baku, Azerbaijan - Coordination of the design and restoration of an all US-financed Class A office building (approx. 10,000 m2) in Baku, Azerbaijan
01/1995 - 12/1995 - New product development for Tekas Construction Co. (producer of Tekas Complete Heat Insulation Systems) on heat insulation in construction as well as preparation of the company's marketing brochures, publications, specifications, etc.
04/1994 - 05/1996 - Bahcekent Country, Istanbul - Coordination of the design and marketing of 82-unit multifamily residential development project on 60,000 m2 land. Consulting
10/1994 - 05/1995 - Setting up and transformation of all technical documentation into magnetic media format for "fully automated paperless office environment" for Benar Kimya Co.

1993 – 1994

Business Development / Integration Consultant, Impexbank, Istanbul, Turkey:
Responsible for Streamlining hardware for more efficiency and higher usage of the new computer system designed for the "Automated Banking" operation of Impexbank
Coca-Cola Bottling, Ashkabad, Turkmenistan:
As a project manager preparation of the feasibility study, architectural and construction drawings, selection of the equipment as well as the contractor for a bottling factory in Turkmenistan (a joint venture among the Coca-Cola Export Co., Hermes Holding and Impexbank)
Meridian Tower, Istanbul:
Construction, quality control and interior decoration of a 14-storey headquarters building (approx. 14,000 m2) for Hermes Holding built by Maya Insaat at Akatlar, Istanbul

About Stewart International

Stewart International

Stewart Information International, Inc. is a wholly-owned subsidiary of Stewart Information Services Corp. (NYSE: STC). Stewart International provides oversight and leadership for Stewart's expansion to markets outside of the United States. By consulting with governments on land laws, developing automated public land record systems, promoting primary and secondary mortgage markets, delivering solutions that speed and simplify the conveyance process, and providing market-driven title assurance, Stewart International enhances the real estate transaction process. To date, Stewart provides title guarantees and title insurance policies, escrow services, and real estate information services in more than 30 countries through its offices in Australia, Canada, Costa Rica, Czech Republic, Dominican Republic, Mexico, Poland, Romania, Scotland, Slovak Republic, South Korea, Spain, Turkey, the United Kingdom and the United States. Stewart has an 18-year history of providing real estate information solutions for various governments including the Slovak Republic, Trinidad and Tobago, St. Lucia, Hungary, Costa Rica, Washington, D.C., and other locations in the United States. For more information, visit http://international.stewart.com/

About Stewart

Stewart Information Services Corp. is a technology driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services through more than 7,700 issuing locations in the United States and several international markets. Stewart meets the needs of the real estate and mortgage industries through the delivery of information services required for settlement using e-commerce. These services include title reports, flood determinations, document preparation, property reports and background checks. Stewart also supplies post-closing services to lenders, automated county clerk land records, property ownership mapping and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at http://www.stewart.com/

Further information

For further information, please contact:

Peter Michel Heilmann
Founder & Director, INVgolf
Member of the Steering Committee,
INVgolf Investment Forum 2005

E-mail: info@invgr.com
URL: http://www.invgolf.com/
Tel.: +30 699 272 4102

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