RNS Number : 6660K
  Nanette Real Estate Group N.V.
  23 December 2008
   


    Nanette Real Estate Group NV
    "Nanette" or "the Company"


    Transaction in own bonds

    Following the announcement made on December 19, 2008; Nanette announces that it has purchased an additional tranche of its own bonds on
the Tel Aviv Stock Exchange, of par value of NIS 9,030,000 (Euro 1.7 million) for the total consideration of NIS 3.9 million (Euro 745 K).

    This purchase further illustrates Nanette's financial strength as a group. In the current global economic crisis, this is in itself a
considerable achievement and is testament to Nanette's strong operating model and proactive financial management.

    The transaction will provide an additional profit at Group level that will be reflected in the next preliminary results.


    23 December 2008

    ENQUIRIES:

 Nanette Real Estate Group
 Shaul Lotan                  + 972 3 7 100 200
 Eyal Keltsh                   + 48 606 141 201
 College Hill               +44 (020) 7457 2020
 Paddy Blewer 
 Gareth David
 KBC Peel Hunt              +44 (020) 7418 8900
 Capel Irwin 
 Nicholas Marren


This information is provided by RNS
The company news service from the London Stock Exchange
 
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