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Wereldhave N.V. (0NMR)

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Thursday 07 August, 2008

Wereldhave N.V.

Wereldhave NV announces Interim Results





THE HAGUE--(Marketwire - August 07, 2008) -

-- Profit per share EUR 2.32

-- Direct result per share EUR 2.43

-- Occupancy rate 94.7%

-- Wereldhave share component of AEX

Profit

The profit for the first half year of 2008 (direct and indirect
result) amounts to EUR 52.4 mln, or EUR 2.32 per share (first half
year 2007: EUR 114.7 mln or EUR 5.31 per share). The turmoil on
financial markets and the credit crunch have put an end to years of
positive property revaluations. Property values have stabilised,
resulting in lower revaluation results and lower surpluses on
disposals compared with 2007. The revaluation of the property
portfolio was slightly positive in all countries, with the exception
of the United Kingdom and France.

Direct result

The direct result for the first half year of 2008 amounts to EUR 54.0
mln, which is EUR 2.7 mln or 4.7% lower than the first half of 2007.
Exchange rate differences on GBP and USD had a negative effect of EUR
- 1.8 mln on the direct result. An incidental gain of EUR 2.2 mln in
2007 was not repeated in 2008, which caused a drop of other financial
gains and losses. Lower interest rates (primarily in the United
States) kept the rise in interest charges due to property
acquisitions in 2007 limited to EUR 0.3 mln.

The occupancy rate improved, particularly in Belgium, being 94.7% for
the second quarter, 0.7 points up from the first quarter of 2008.
Broken down by sector, occupancy rates were: offices 90.3%, retail
98.9%, industrial 96.3% and residential 93.3%.

Prospects

Wereldhave has decided not to invest in Turkey, in view of the sharp
drop in initial yields and the political instability.

The Wereldhave share will be a component of the major Dutch AEX stock
index. The free float of the Wereldhave shares amounts to 100%.
Wereldhave expects that the entry to the AEX index will have a
positive effect on the trade in Wereldhave shares.

For the year 2008, Wereldhave forecasts a direct result between EUR
4.75 and EUR 4.85 per share, given stable currency rates.

Click on, or paste the following link into your web browser, to view
the full associated PDF document.


http://www.rns-pdf.londonstockexchange.com/rns/8293A_-2008-8-7.pdf

Contacts:
RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com


http://www.rns.com

For further information:
Wereldhave N.V.
Richard W. Beentjes
Tel. + 31 70 346 93 25

Information for analysts:
Wereldhave N.V.
Charles F. Bloema
Tel. + 31 70 346 93 25