EASTERN PROPERTY HOLDINGS: ACQUISITION OF STAKE...

31 December 2008


Road Town, Tortola, BVI


An investor group including MCG Holding AG, ultimately controlled  by
an Executive Member of  the Board of  Directors for Eastern  Property
Holdings Ltd., has agreed with Immoeast Beteiligungs GmbH to  acquire
their approximately 20% stake in Eastern Property Holdings Ltd. early
in 2009.


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Eastern Property Holdings Ltd. is  an SIX Swiss Exchange-listed  real
estate development  and investment  company focusing  on Russia.  The
company holds interests  in office, residential,  retail and  parking
properties  and   developments,  principally   in  Moscow   and   St.
Petersburg. EPH is  managed by  Eastern Property  Management Ltd.,  a
real estate management company that  is a wholly-owned subsidiary  of
Valartis  Group  AG.  Additional  information  on  Eastern   Property
Holdings     is     available     on     the     company      website
(www.easternpropertyholdings.com) or by  contacting Terry Olin,  Tel:
[phone].


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Valartis Group  AG  is an  SIX  Swiss Exchange-listed  banking  group
active in Asset Management  in Private and Public  Equity as well  as
Real  Estate,  Investment  Banking  and  Private  Wealth  Management.
Valartis Group AG has offices in Geneva, Zurich, Vienna,  Luxembourg,
Moscow and St.  Petersburg. Further information  is available on  the
website (www.valartis.ch).


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