Celia Dunn Sotheby's International Realty Announced Today the Debut of RESIDE Magazine

SAVANNAH, Ga. (May 2007)Celia Dunn Sotheby's International Realty announced today the debut of RESIDE magazine, the exciting new real estate publication magazine from the Sotheby's International Realty® brand. The unique publication features useful, rich editorial content that will appeal to Celia Dunn Sotheby's International Realty clientele and other consumers focused on pursuing their aspirations. RESIDE magazine also features more than 70 pages dedicated to exclusive Sotheby's International Realty network listings from around the globe, providing readers with a privileged and ongoing glimpse into some of the world's most inspiring homes. Following its debut this May, a follow up issue of RESIDE magazine will be available to readers in October, 2007.

Please visit Celia Dunn Sotheby's International Realty at 9, 13, and 17 West Charlton Street on Madison Square in Savannah and 6 Bruin Street in Bluffton, S.C. or call us at (912) 234-3323 or (843) 836-3900 to speak to one of the dedicated members of our team and receive a complimentary copy of the debut issue of RESIDE magazine.

"We are proud to offer this groundbreaking magazine to our current and prospective clientele," said Celia Dunn of Celia Dunn Sotheby's International Realty. "Its unmatched combination of relevant lifestyle content and beautifully displayed, exclusive international listings will have great appeal."

An initial circulation of 135,000 copies is designed to reach a wide and diverse upscale audience. The mailing list for RESIDE magazine will include subscribers to many highly influential and established publications, including Architectural Digest, Departures and Robb Report. It will also be distributed to the affluent and discerning readers of Preview magazine, the stylish and popular publication from the world-renowned Sotheby's Auction House.

Known for its tradition of integrity, Celia Dunn Sotheby's International Realty specializes in fine luxury residential and commercial properties in Savannah and the Low Country of Georgia and South Carolina. Founded in 1981, Celia Dunn Sotheby's International Realty is noted for outstanding service to its clients, thorough knowledge of Savannah and the South Carolina Low Country, and excellent staff, in addition to having one of the region's top property management departments. The owners are natives of Savannah who have more than 60 years' combined experience in real estate. The offices are located at 9, 13, and 17 West Charlton Street on Madison Square in Savannah and 6 Bruin Street in Bluffton, S.C.

For more information, call Celia Dunn Sotheby's International Realty at (912) 234-3323 or visit www.celiadunnsir.com. To contact the Bluffton office, call (843) 836-3900.

About Sotheby's International Realty Affiliates, Inc.
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty® network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation (then Cendant Corporation), the world's leading real estate brokerage franchisor, entered into a long-term strategic alliance with Sotheby's Holdings, Inc. (NYSE: BID; LSE: STBA). The agreement provided for the licensing of the Sotheby's International Realty® name and the development of a full franchise system by Sotheby's International Realty Affiliates, Inc., a subsidiary of Realogy Corporation, the world's largest real estate franchisor. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates, Inc. supports its affiliates with a host of operational, marketing, recruiting, educat
ional and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com.