Dec 21, 2005

Turner Construction Hired For Trump Tower Tampa

TAMPA, FL – December 15, 2005 - Donald J. Trump and SIMDAG, LLC. the development partnership for Trump Tower Tampa, announced today that Turner Construction Company has been hired as the general contractor for the 52-story, ultra-luxury downtown condominium.

“Selecting the right general contractor for any construction project is a critical step,” stated Donald Trump. Selecting the right general contractor for a Trump project, one that will also be the tallest residential building on the Gulf of Mexico and a signature property in its market, demands the very best talent for this massive responsibility. Turner is a proven company, one of the nation’s leading general contractors and the most experienced builder of high-rise developments in Florida. They will do a great job.”

The $270-million development will be built on a 1.5-acre site at 111 South Ashley Drive along the Hillsborough River in the heart of Tampa’s fi nancial and cultural districts. The building will feature 190 condominium and penthouse residences ranging from 1,991 square feet to 6,150 square feet and priced from $700,000 to over $6.5 million.

“We are delighted to be the general contractor for what will easily be the most signifi cant residential project on Florida’s west coast,” stated Kevin Glenn, manager of Business Development for Turner. “We understand the magnitude of this project and the impact it will have on the City of Tampa and the downtown area. The quality of our work is a perfect fi t for the demands of Trump and SIMDAG, LLC. What we will build along with our outstanding group of subcontractors, 92 percent of which are from the Tampa Bay area, is unlike anything planned or currently available in the Tampa Bay market.”

“Turner has been involved for some time now on this project as the building’s foundation and seawall shoring work is being performed,” added Bob Lyons, a SIMDAG, LLC. partner. “The new seawall will be completed in mid January and the deep foundation work will begin immediately thereafter. Trump Tower Tampa will be built over the following 33-month period.”

About Trump:

Donald J. Trump established The Trump Organization in 1974 as the umbrella organization for all of his real estate developments and other corporate affi liates. No other real estate company has established the international brand identity that Trump has created. In addition to being the largest developer in New York, Mr. Trump is currently developing residential, hotel and golf club projects in Chicago, Las Vegas, Miami, Los Angeles, Phoenix, Westchester, NY, Bedminster, NJ, Dubai, UAE, the Caribbean, and Seoul, South Korea.

About SIMDAG, LLC:

SIMDAG, LLC. is a privately held real estate fi rm focused on the development of luxury, waterfront properties. Projects recently completed and currently underway are located in: Tampa, Clearwater, Clearwater Beach, Redington Beach, Redington Shores, Indian Shores, Indian Rocks Beach, Treasure Island and St. Pete Beach, Florida; Atlantic City, Ocean City and Sea Isle City, New Jersey; Ocean City, Maryland, and in the Cayman Islands.

SIMDAG, LLC.’s principals are dedicated to a twofold philosophy of strong communication and personal relationship building - values that truly make a difference in today’s real estate market. Its mission is sound yet simple: achieve success by taking an active role in every development opportunity.

About Turner:

Turner provides building services to institutions that recognize the value of a partner who works diligently and creatively to fi nd the best possible solution for each particular project.

With construction volume of $7 billion in 2004, Turner ranks fi rst or second in major segments of the construction industry. Turner maintains a nationwide network of offi ces and a staff of more than 5,000 employees, performing work on over 1,500 projects each year.

Turner has a strong presence in the Tampa Bay area and has performed on a variety of local area projects including: the USF Maple II housing project, Hillsborough County Schools, Sarasota Herald Tribune Building, H. Lee Moffi tt Cancer Center & Research Institute, The Florida Aquarium, Hernando County Jail, Antigua Bay Yacht Club, Florida Alzheimer’s Research Institute and the recently completed Clearwater Library for the City of Clearwater. Turner has been performing work in Florida since 1908.