BUILDING AND LAND TECHNOLOGY ANNOUNCES THE COUNTY'S LARGEST LEASE OF 2008
General Reinsurance Corporation will move to Long Ridge Corporate Center in Stamford

Stamford, CT - (July 10, 2008) Stamford-based Gen Re, one of the reinsurance industry's major players and an employer of 800 people in Stamford, has signed a 20-year lease for 310,000 square feet at 120 Long Ridge Road, a property currently occupied by GE Energy Financial Services. 120 Long Ridge Road is owned by Norwalk-based Building and Land Technology and is one of three buildings at its Long Ridge Corporate Center campus.

The GE unit plans to move next year to the former Xerox Corp. headquarters at 800 Long Ridge Road, a property also in Building and Land Technology's portfolio.

Gen Re will move to its new location in January 2010, said Carl R. Kuehner, III, president and chief executive officer of Building and Land Technology. "We're delighted to have Gen Re on board and pleased that they chose to lease the entire building." The availability of desirable Class A office space on Long Ridge Road for the first time in many years was an important factor, Kuehner said.

"I never imagined them (Gen Re) going anywhere else. I've been involved in these negotiations for about a year," said Stamford Mayor Dannel Malloy, citing the company's commitment to the city. "They looked at other locations, but these folks have a fondness for Stamford. They have a large investment in Stamford. We run a city that companies and individuals want to be in."

A $9 million loan from the state Department of Economic and Community Development played a crucial role in the decision by Gen Re to remain in Stamford.

After a 16-month evaluation, Gen Re executives said the Westchester County, N.Y., and Fairfield County markets were optimal locations because they offer a skilled labor force and convenient access to many transit options. "We are very pleased with the public financing commitment from Connecticut, which reinforces our decision to remain headquartered here in Fairfield County," Gen Re Chief Executive Officer Tad Montross said in a statement. "We've been in Fairfield County since 1974, and it has become home to our associates who live in and support the local communities."

The retention of Gen Re will contribute to continuing the state's leadership role in the insurance and financial services sector, Gov. M. Jodi Rell said. "Connecticut has long been a world leader in finance and insurance, but we risk losing that position unless we remain proactive about keeping the companies we have and recruiting new ones to the state," Rell said in a statement. "This agreement with General Re is definitely a win-win for Connecticut. We are retaining more than 800 high-quality jobs and strengthening one of the keystone industries that will sustain economic growth for years to come."

Financial terms were not disclosed.

About Building and Land Technology
A second-generation real estate development company, Norwalk-based Building & Land Technology has completed ventures worth more than $2 billion and currently has over 2,100,000 square feet of class "A" office space under ownership/ management. BLT trophy properties host the headquarters for GE Commercial Finance, Diageo, GE Real Estate, Xerox, GE Energy Financial Services, IMS Health, GE Treasury and Hewitt. BLT's numerous office parks, apartment complexes, single family subdivisions, common interest communities and adaptive reuse projects total in excess of 8,000,000 square feet of development throughout Fairfield County.

About Gen Re
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations. It owns General Reinsurance Corporation and holds a controlling interest in Kolnische Ruckversicherungs-Gesellschaft AG (Cologne Re). Together, General Re and Cologne Re conduct business as Gen Re. In addition to being a market leader in the US, Gen Re is represented in all major reinsurance markets through a global network in more than 50 locations supported by over 2,300 employees worldwide.

For additional information, please contact Paul J. Kuehner, 203-846-1900 x1522 or email Paul@BLToffice.com.