ADDING and REPLACING Saudi Prince Files a $25 Million Lawsuit Against the City of Los Angeles for Illegally Blocking

  ADDING and REPLACING Saudi Prince Files a $25 Million Lawsuit Against the
  City of Los Angeles for Illegally Blocking Construction of His Family
  Residential Estate in Benedict Canyon, Announces JMBM

Business Wire

LOS ANGELES -- February 11, 2013

Add after last graph of release dated February 8, 2013: Benedict Canyon
residents Bruce Karsh and Martha Karsh have funded opposition to the
prince'sproposed residence, and have personally sued the Los Angeles City
Fire Department and Fire Chief Brian Cummings (Case #BS140952) for approving
the prince's plans. Bruce Karsh is the founder and President of Oaktree
Capital Management, and recently became the new Chairman of The Tribune
Company.

The corrected release reads:

 SAUDI PRINCE FILES A $25 MILLION LAWSUIT AGAINST THE CITY OF LOS ANGELES FOR
 ILLEGALLY BLOCKING CONSTRUCTION OF HIS FAMILY RESIDENTIAL ESTATE IN BENEDICT
                            CANYON, ANNOUNCES JMBM

On February 5, 2013, Jeffer Mangels Butler & Mitchell (JMBM) filed a lawsuit
in Los Angeles Superior Court (Case #BS141623) against the City of Los Angeles
on behalf of Tower Lane Properties LLP whose beneficial owner is Saudi prince
Abdul-Aziz ibn Abdul-Aziz al Saud, the current Deputy Foreign Minister of
Saudi Arabia. The lawsuit seeks a writ of mandate to compel the city to issue
the building permits and damages in the amount of $25 million caused by the
city's allegedly illegal and discriminatory conduct.

According to the complaint, the city has engaged in continuous efforts to
block the project. In 2012, the city refused to apply its grading permit rules
to the Tower Lane project in the same manner it had been applied to other
projects for the past 40 years. In so doing, the city attempted to force Tower
Lane to undergo a long and extensive process never before applied to other
similarly situated projects. Tower Lane sued and prevailed in Tower Lane
Properties, Inc.v. City of Los Angeles, Los Angeles Superior Court Case No.
BS137339. According to JMBM lawyer Benjamin M. Reznik, the city has now
manufactured new illegal obstacles to the issuance of the building permits
thereby necessitating the filing of this lawsuit.

"Our client had hoped that following last year's victory in court the city
would treat his application fairly and process it without further delay.
Needless to say, he is greatly disappointed and disheartened by the overt
discriminatory treatment he has received," said Reznik. "We are compelled to
file this lawsuit because without judicial intervention this illegal conduct
will continue unchecked," he said.

In 2009 the prince purchased three separate but adjoining legal parcels on
Tower Lane in the Benedict Canyon neighborhood. Since the mid-1920's, these
properties housed the estate of famous Hollywood film director and producer
King W. Vidor. The current plans call for a single family residence on each of
the three parcels and are designed in strict conformance with the city
building and zoning codes.

Benedict Canyon residents Bruce Karsh and Martha Karsh have funded opposition
to the prince'sproposed residence, and have personally sued the Los Angeles
City Fire Department and Fire Chief Brian Cummings (Case #BS140952) for
approving the prince's plans. Bruce Karsh is the founder and President of
Oaktree Capital Management, and recently became the new Chairman of The
Tribune Company.

Contact:

Jeffer Mangels Butler & Mitchell LLP
Benjamin M. Reznik
310.201.3572
BMR@jmbm.com