New Independent 3rd Party Valuation of Nanette


 

TIDMNAT 
 
RNS Number : 4875Y 
Nanette Real Estate Group N.V. 
03 September 2009 
 

Nanette Real Estate Group NV 
"Nanette" or "the Company" 
 
 
 
New Independent 3rd Party Valuation of Nanette 
 
 
On the 1 September 2009, Olimpia Real Estate Holdings Ltd. ("Olimpia"), (in 
which Oskar Kazanelson, the Company's CEO, serves as the Chairman of the Board 
and is also part of the controlling group of Olimpia shareholders), which is 
listed on the Tel Aviv Stock Exchange, made an announcement on the Tel Aviv 
Stock Exchange, which included reference to an independent valuation of the 
Company. Following Olimpia's announcement, Nanette made the following 
announcement on the Tel Aviv Stock Exchange: 
 
 
Nanette Real Estate Group, Central & Eastern European residential real estate 
developer, is pleased to announce that on the 1.9.2009, Olimpia, which currently 
holds app. 32.5 % of Nanette's issued share capital,  has notified that an 
independent valuation of Nanette made by Giza Singer Even Ltd, to Olimpia's 
request, estimated the equity economic value of Nanette at EUR108.7m as at 
30.6.09 
 
 
The valuation was attached to Olimpia's announcement. 
 
 
. 
              3rd September, 2009 
 
Enquiries: 
 
 
+--+-------------------------+----------------------+ 
| Nanette Real Estate        |                      | 
+----------------------------+----------------------+ 
|  | Shaul Lotan             | + 31 20 778 4141     | 
+--+-------------------------+----------------------+ 
|  | Eyal Keltsh             | + 48 606 141 201     | 
+--+-------------------------+----------------------+ 
| Global Equity IR           |                      | 
+----------------------------+----------------------+ 
|  | Amira Bardichev         | 07956 206270         | 
|  |                         |                      | 
+--+-------------------------+----------------------+ 
| KBC Peel Hunt              |                      | 
+----------------------------+----------------------+ 
|  | Capel Irwin             | 020 7418 8900        | 
|  | Anthony Bell            |                      | 
|  |                         |                      | 
+--+-------------------------+----------------------+ 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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