THE TROON GOLF EXPERIENCE
TO UNVEIL IN NORTH CAROLINA

Press Release

April 19, 2005 – St. James, North Carolina (NC) – Troon Golf,® the leader in upscale golf course management, development and marketing is pleased to announce that it has been chosen to manage operations at St. James Plantation, the number one-selling community in the Coastal Carolinas for nine consecutive years. Ideally located along the North Carolina coast, near Wilmington, Southport and Myrtle Beach, St. James Plantation offers homes, homesites, and private amenities in a gated community that’s ideal for active adult living.

St. James Plantation boasts 63 holes of golf with an additional 18 holes under construction. The Founders Club is an award winning 18-hole championship course designed by P.B. Dye and offers a challenging layout with the highest slope rating of any course in the region. The Members Club features an 18-hole Hale Irwin Signature Course and a 9-hole expansion that is highly playable, winning acclaim from golfers of all skill levels. The Players Club, designed by Carolinian Tim Cate, is known for providing players spectacular views, and The Reserve Club, slated to be open for play in spring 2006, is a Nicklaus Design par-72 course featuring bent grass greens that complement the abundance of native vegetation and surrounding wooded wetlands.

Each golf course features a beautifully appointed clubhouse offering services and amenities akin to those found in the most prestigious private golf clubs around the country, including a state-of-the art fitness center, indoor/outdoor aquatic facilities, walking and biking trails, and clay and hard-surfaced tennis courts. Residents enjoy the North Carolina coastal setting with a private beach club and an Intracoastal Waterway marina.

“We are thrilled to be involved in a project of the caliber and magnitude of St. James Plantation,” stated Troon Golf Executive Vice President, Tim Schantz. “We feel fortunate that the owners of St. James Plantation chose us as their management company and look forward to introducing members to the TROON GOLF EXPERIENCE(SM) -- offering them the highest level in golf and club services.”

“The Clubs at St. James Plantation are an integral part of the coastal lifestyle of our residents,” said Jay Atkinson, President of St. James Plantation. “Our partnership with Troon Golf will elevate our golf experience and only further position St. James as the premier residential golf community in the Coastal Carolinas.”

St. James Plantation is truly an active community where sports and leisure pastimes are underscored by nature’s bounty and abundant water. The community’s extensive selection of homesites, single-family homes, condominiums and townhomes are priced from $100,000 to more than $1 million.

About Troon Golf
Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 courses located in 26 states and 14 countries. Additionally, 31 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; Talking Stick Golf Club, Scottsdale, Ariz.; Maderas Golf Club, San Diego, Calif.; Lake of Isles, North Stonington, Conn.; Vista Ridge Golf Club, Erie, Colo.; Kooindah Golf & Country Club, New South Wales, Australia; and Bearwood Lakes Golf Club, Berkshire, England.

ABOUT ST. JAMES PLANTATION
Ideally located along the North Carolina coast, near Wilmington, Southport and Myrtle Beach, St. James Plantation offers homes, home sites, and private amenities in a gated community that's ideal for retirement and active adult living. Residents enjoy the North Carolina coastal setting, signature golf courses, a private beach club, and an Intracoastal Waterway marina. To discover the golf, waterfront, and coastal lifestyle of St. James Plantation, the number one-selling community in the Coastal Carolinas, visit www.stjamesplantation.com or phone: 800.245.3871.

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