Key points first nine months 2011 (in brackets first nine months 2010):

• Stable direct results across the board;
• Direct investment result: € 50.6 million (€ 50.7 million);
• Indirect investment result: € 22.3 million (€ 22.0 million);
• Investment result: € 72.9 million (€ 72.7 million);
• Shareholders’ equity per share as at September 30, 2011: € 52.64 (30 September , 2010: € 50.65);
• Start of roll-out of updated strategy;
• Acquisitions, most of high street shops, were € 97.9 million (€ 54.9 million);
• Financing of four new loan agreements totalling € 145.0 million concluded in the third quarter;
• After merger of VastNed Offices/Industrial and NSI: management focus on retail