AIM
19 December 2006


          ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
Maisha plc
COMPANY ADDRESS:
Centurion House

37 Jewry Street

London
COMPANY POSTCODE:
EC3N 2ER
COUNTRY OF INCORPORATION:
England & Wales
COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:
Maisha plc (to be renamed Nordic Panorama plc) following the acquisition immediately prior to admission of Vradal
Panorama Eiendom AS and Vradal Panorama Skisenter AS, is involved in the operation of a Norwegian ski resort and
the sale and rental of chalets and log cabins in the resort area.
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury shares):
Number of shares to be admitted: 822,162,575

Nominal value: 1p

Issue price: 2.38p
CAPITAL TO BE RAISED ON ADMISSION:
N/A
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Existing Directors

Mumtaz Hasan Khan                         Non-Executive Chairman

John Edward Abraham Mocatta               Non-Executive Director

Horatius Da Gama Rose                     Non-Executive Director

Proposed Directors

Tore Svendsen                             Chief Executive Officer

Petter Johnsen                            Chief Operating Officer

Norman Alec Charles Lott                  Finance Director

Kjetil Johnsen                            Executive Director

Per Christian Voss                        Non-Executive Director
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:
Persons interested in 3% or more of the issuer's capital before admission:

The Antonion Trust Limited                     27.9%

Albany International Limited                   19.5%

Jackal Investments Limited                      5.4%

Westminster Finance Company Limited             4.3%

James Brearley Crest Nominees                   3.2%



Persons interested in 3% or more of the issuer's capital after Admission:

PJ Vradal Invest AS                                     65.5%

T Stykket Eiendom AS                                    21.8%

Great Southern Limited                                   9.7%


NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
Great Southern Limited

Akara Bldg

24 De Castro Street

Wickham

Cay I


ANTICIPATED ACCOUNTING REFERENCE DATE:
31 August
EXPECTED ADMISSION DATE:
5 January 2007
NAME AND ADDRESS OF NOMINATED ADVISER:
HB Corporate

40 Marsh Wall

Docklands

E14 9TP
NAME AND ADDRESS OF BROKER:
HB Corporate

40 Marsh Wall

Docklands

E14 9TP
DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT
THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
The Admission Document containing full details about the applicant and the Admission of its securities will be
available from the following:

HB Corporate

40 Marsh Wall

Docklands

London E14 9TP
DATE OF NOTIFICATION:
19 December 2006
NEW/ UPDATE (see note):
NEW






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