|                                                                     |                                             |   | Year      Ended December 31, |      |
|--------------------------------------------------------------------------|--------------------------------------------------|--------|------------------------------|-----------|
|                                                                     |                                             |   | 2008                         |      |   | 2007 |   |   | 2006 |   |   | 2005 |   |   | 2004 |   |
| Consolidated      income                                                 |                                             | $      | 164,055                      |      |   | $ | 109,021 |   |   | $ | 133,992 |   |   | $ | 82,209 |   |   | $ | 29,778 |   |
| Add:                                                                     | Minority      interest                           |   |                         | 981,458   |   |   |   | 653,360 |   |   |   | 638,585 |   |   |   | 478,944 |   |   |   | 229,607 |   |
|                                                                     | Provision      for taxes                         |   |                         | 31,019    |   |   |   | 15,813 |   |   |   | 21,974 |   |   |   | 8,363 |   |   |   | 3,761 |   |
| Less:                                                                    | Equity      in (income) loss of                  |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |    unconsolidated      affiliates |   |                         | (66,161   | ) |   |   | (13,603 | ) |   |   | (25,213 | ) |   |   | (34,641 | ) |   |   | (52,787 | ) |
| Consolidated      pre-tax income before minority interest           |                                             |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    and      equity in income of unconsolidated affiliates |                                             |   | 1,110,371                    |      |   |   | 764,591 |   |   |   | 769,338 |   |   |   | 534,875 |   |   |   | 210,359 |   |
| Add:                                                                     | Fixed      charges                               |   |                         | 717,855   |   |   |   | 594,378 |   |   |   | 421,732 |   |   |   | 363,974 |   |   |   | 174,312 |   |
|                                                                     | Amortization      of capitalized interest        |   |                         | 13,399    |   |   |   | 11,596 |   |   |   | 9,779 |   |   |   | 2,048 |   |   |   | 974 |   |
|                                                                     | Distributed      income of equity investees      |   |                         | 157,211   |   |   |   | 116,930 |   |   |   | 76,515 |   |   |   | 93,143 |   |   |   | 68,027 |   |
|                                                                     |     Subtotal                 |   |                         | 1,998,836 |   |   |   | 1,487,495 |   |   |   | 1,277,364 |   |   |   | 994,040 |   |   |   | 453,672 |   |
| Less:                                                                    | Interest      capitalized                        |   |                         | (90,700   | ) |   |   | (86,506 | ) |   |   | (66,341 | ) |   |   | (28,805 | ) |   |   | (2,766 | ) |
|                                                                     | Minority      interest                           |   |                         | (22,880   | ) |   |   | (14,782 | ) |   |   | (4,001 | ) |   |   | (4,458 | ) |   |   | (6,586 | ) |
|                                                                     |     Total      earnings      |   | $                            | 1,885,256 |   |   | $ | 1,386,207 |   |   | $ | 1,207,022 |   |   | $ | 960,777 |   |   | $ | 444,320 |   |
|                                                                     |                                             |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      charges:                                                      |                                             |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     | Interest      expense                            |   | $                            | 608,223   |   |   | $ | 487,419 |   |   | $ | 333,742 |   |   | $ | 315,556 |   |   | $ | 161,589 |   |
|                                                                     | Capitalized      interest                        |   |                         | 90,700    |   |   |   | 86,506 |   |   |   | 66,341 |   |   |   | 28,805 |   |   |   | 2,766 |   |
|                                                                     | Interest      portion of rental expense          |   |                         | 18,932    |   |   |   | 20,453 |   |   |   | 21,649 |   |   |   | 19,613 |   |   |   | 9,957 |   |
|                                                                     |     Total                    |   | $                            | 717,855   |   |   | $ | 594,378 |   |   | $ | 421,732 |   |   | $ | 363,974 |   |   | $ | 174,312 |   |
|                                                                     |                                             |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges                                  |                                             |   | 2.63                         | x         |   |   | 2.33 | x |   |   | 2.86 | x |   |   | 2.64 | x |   |   | 2.55 | x |
|                                                                     |                                             |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| §   | consolidated      pre-tax income before minority interest and income or loss from equity      investees; |
|--------------------|----------------------------------------------------------------------------------------------------------|

| §   | fixed      charges; |
|--------------------|---------------------|

| §   | amortization      of capitalized interest; |
|--------------------|--------------------------------------------|

| §   | distributed      income of equity investees; and |
|--------------------|--------------------------------------------------|

| §   | our      share of pre-tax losses of equity investees for which charges arising from      guarantees are included in fixedcharges. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------|

| §   | interest      capitalized; |
|--------------------|----------------------------|

| §   | preference      security dividend requirements of consolidated subsidiaries;      and |
|--------------------|---------------------------------------------------------------------------------------|

| §   | minority      interest in pre-tax income of subsidiaries that have not incurred fixed      charges. |
|--------------------|-----------------------------------------------------------------------------------------------------|

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