Prague, 21 September, 2001 - PricewaterhouseCoopers recently awarded promotions within its Real Estate Services team. With effect from 1 July 2001, Glen Lonie and Hans van Capelleveen of the Prague tax team have been appointed to the positions Director and Manager respectively. Ludvík Juřička has been appointed Manager of the Brno office of the law firm Ambruz and Dark, the Czech referral law firm of the PricewaterhouseCoopers-related law firm Landwell.

Glen Lonie is an Australian CA and holds Bachelor of Commerce and Masters of Taxation degrees. He has worked in the Czech Republic and Slovakia for five years and specialises in international tax planning and inbound investment to the Czech Republic. Mr. Lonie recently returned to PricewaterhouseCoopers in Prague after working for three years as an International Tax Manager for Bechtel, the world's largest construction contractor, where he was responsible for projects in Central and Eastern Europe.

Hans van Capelleveen studied economics at the University of Amsterdam, where he also obtained his postgraduate degree in auditing. He is a member of the Royal Dutch Institute of Chartered Accountants and is one of the non-Czech members of the Czech Chamber of Tax Advisors. He has worked for PricewaterhouseCoopers in Prague for four years. He currently serves a number of companies in the real estate sector, including real estate developers, funds and management companies. He deals with both the structuring of inbound real estate investments and advising on local Czech tax issues.

Ludvík Juřička holds Masters degrees in Geodesy and Cartography from the Technical University in Brno and in Law from Masaryk University in Brno, and is a member of the Czech Bar Association. Mr Juřička specializes mainly in civil and commercial law, especially in real estate and construction law and corporate law. He has advised on a number of international transactions in the area of acquisitions and real estate. He is experienced in real estate transactions, due diligence, proceedings law and legal transactions regarding investments in the Czech Republic. Ludvík Juřička is a Czech national fluent in English and Russian and also speaks German.

PricewaterhouseCoopers recently established a real estate team within its Assurance and Business Advisory Services department, headed by Partner Francois Mattelaer and Senior Manager Paul Inman. These developments are part of the process of further strengthening PricewaterhouseCoopers' leadership position in the provision of real estate-related tax, legal and audit services.

Glen said: "We can see clear developments in the level and type of transactions occurring in the Czech market. Improvement of the focus of the Czech industry team means that PricewaterhouseCoopers is well placed to advise all players, especially investors, developers and construction firms."