Sanders Diamond Jewelers Nearly Doubles Its Space With Move to Magothy Plaza in Pasadena

Pasadena, MD (September 18, 2007) – Sanders Diamond Jewelers has nearly doubled its
amount of retail, manufacturing and laboratory space with its relocation to Magothy Plaza, effective
Monday, September 17. The full-service jeweler now leases approximately 5000 square feet of space at
the center which make them one of the largest independent jewelers in Maryland, located off Magothy
Beach Road in Pasadena.

Larry Sanders, RJ President, represents the third generation to operate the store which originally
was founded in 1955 and moved to Pasadena from Glen Burnie in 1993. He was motivated to expand in
an effort to create a new “user-friendly and service-oriented atmosphere.” Sanders Diamond Jewelers
was formerly contained at Lake Shore Plaza, which is adjacent to Magothy Plaza and shares St. John
Properties as its owner and property manager.

The new location features an expanded manufacturing facility to make customized jewelry with
a state-of-the-art Computer aided design software and diamond setter previously with Cartier and
Carrera y Carrera in Spain, an American Gem Society accredited gem laboratory headed by Merritt
Bears GJG, CGA (Graduate Jeweler Gemologist and Certified Gemologist Appraiser American Gem
Society), an adult beverage bar and more floor space to comfortably house additional product lines such
as Cheri Dori, Corsage, Natasha, Pandora and Tweety. Its current line includes Hearts on Fire Diamond,
Sanders South African Diamonds, Tacori, Kabana, Lorenzo, Alwand Vahan, Tissot and Cyma watches.

“Jewelry accentuates beauty and fashion and makes people feel better about themselves,” Larry
Sanders, RJ explained. “Our ultimate goal is to make people happy and we can achieve that easier with
additional products and services at our disposal,” he added.

Magothy Plaza was recently constructed by St. John Properties to provide additional retail space
to complement the 160,000 square foot Lake Shore Plaza. It presently consists of two 9,000 square foot
retail buildings, with a third 9,000 to 13,000 square foot phase planned in the near future. Other tenants
include Ambition Hair Salon, Ledo Pizza, Make and Take Gourmet, Olive & Sesame and Susquehanna

Founded in 1971 as MIE Properties, Inc., St. John Properties, Inc. owns and has developed
nearly 13 million square feet of research and development, jwarehouse, office and retail space in
Maryland, Colorado, Louisiana, Virginia and Wisconsin. For more information about the company,

# # #

For additional information,

Contact: Larry Lichtenauer, Lawrence Howard & Associates, Inc.