Haslemere in discussion regarding possible sale of their holdings to GE Real Estate

Haslemere NV confirms that its main shareholders representing 98% of the shares outstanding are currently in discussion with GE Real Estate regarding a possible sale of their holdings in Haslemere NV under a private treaty arrangement with GE Real Estate.

85% of Haslemere´s shares are owned by the Israeli-American investor Brack Capital. At the end of 2003, after large sales in 2002 and 2003, the fund had a real estate portfolio of € 517 mln worth of British real estate. This portfolio is a mix of 66.4% of offices, 27.7 % of retail and 5.9% of business areas.

The discussions are at an advanced stage. A further statement will be made in due course.

Source: Haslemere

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