Construction Underway on Skywater Golf Course, Summit Rock Golf Club

Private course scheduled to open in fall 2008

Horseshoe Bay, Texas (June 15, 2007) - Construction is underway on Summit Rock Golf Club, the new golf course, clubhouse and pro shop at Skywater, planned to be a 7,200-yard Jack Nicklaus Signature Golf Course and Horseshoe Bay Resort's newest amenity. Located within Skywater over Horseshoe Bay, a 1,600-acre residential and golf community overlooking Horseshoe Bay Resort and Lake LBJ in the heart of Texas Hill Country, Summit Rock will boast the best views of the region from the top of the ridge line.

The 200-acre, par-72 course is divided into two distinct sections - a lower, level playing area and an upper, more rugged terrain. Designed with the natural landscape in mind, existing oak trees play a key role in determining the placement of each hole.

"This piece of land incorporates all of the elements a designer looks for in a golf course--nice vegetation, creeks, streams, and variation of terrain," said Jack Nicklaus. "We will try to maximize these features in order to create the best possible golf experience for Summit Rock course members."

The private, 18-hole course will feature a multi-faceted clubhouse and pro shop and is scheduled to open in fall 2008. Upon completion of construction, the course will be owned by Horseshoe Bay Resort, joining the Resort's three, championship Robert Trent Jones Sr. golf courses.

In addition to Summit Rock Golf Club, Skywater over Horseshoe Bay will feature a private community center, fitness center, extensive hiking and biking trails, tennis courts, private neighborhood pools and gardens, and lush hill-country landscape. Further amenities are available at the neighboring Horseshoe Bay Resort, one of the most highly-sought-after Texas vacation destinations. All residents of Skywater will have the opportunity to become members of the resort, which boasts the three Robert Trent Jones Sr. golf courses, two clubhouses, private airport and jet center, fitness center and spa, yacht club with beaches and resort-style pool, extensive marina, tennis facility and a multi-million dollar 18-hole Bermuda grass putting course. Skywater residents will have their resort initiations fee waived, a value of $75,000 per membership. For more information on Skywater, visit www.skywatertexas.com or call 830-596-7600.