Obligation hypothécaire de premier rang, £30,000,000 de valeur nominale, à 9 ½ %, échéance 2015
(dénommée « Obligation 9 ½ % »)

Obligation hypothécaire de premier rang, £20,000,000 de valeur nominale, à 10 ¾ %, échéance 2015
(dénommée « Obligation 10 ¾ % »)

(dénommées ensemble « les obligations »)

Wereldhave annonce aujourd′hui une offre de rachat des obligations (« l′Offre de rachat ») pour un montant allant jusqu′à £20,000,000 de la valeur nominale. Toutes les obligations acquises dans le cadre de l′offre de rachat seront annulées.

Dans le cadre de l′offre de rachat, Wereldhave a demandé à la Royal Bank of Scotland de solliciter auprès des porteurs d′obligations des offres de rachat de tout ou partie de leurs obligations pour un rachat présentant une marge minimale de 60 points de base (0,60 %) au-delà du rendement actuariel brut semestriel du bon du Trésor à 4,75 %, échéance 2015 (« l′obligation de référence »).

WERELDHAVE PROPERTY CORPORATION PLC (“Wereldhave”)

£30,000,000 nominal 9 ½ per cent. First Mortgage Debenture Stock due 2015
 (the “9 ½ per cent. Stock”)

£20,000,000 nominal 10 ¾ per cent. First Mortgage Debenture Stock due 2015
 (the “10 ¾ per cent. Stock”)

(together the “Stocks”)

Wereldhave today announces an offer to purchase (the “Offer to Repurchase”) up to £20,000,000 nominal amount of the Stocks. Any Stock purchased pursuant to the Offer to Repurchase will be cancelled.

Pursuant to the Offer to Repurchase, Wereldhave has asked The Royal Bank of Scotland to solicit offers from holders of the Stocks to offer for repurchase some or all of their respective holdings for redemption at a minimum margin of 60 basis points (0.60 per cent.) over the semi-annual gross redemption yield of the 4.75 per cent. Treasury Stock 2015 (the “Reference Stock”).

It is envisaged that existing holders will offer their Stock for repurchase at a margin of 60 basis points or more above the gross redemption yield of the Reference Stock. Wereldhave will only accept offers for repurchase at margins greater than or equal to 60 basis points above the gross redemption yield of the Reference Stock.

To view the full press release paste the following link into your web browser

http://www.wereldhave.com/newspress/2006/7dec2006-e.pdf

By Order of the Board

Brian Cook
Secretary

Registered Office:-
39 Sloane Street,
London SW1X 9WR 7th December 2006

Registered in England No. 295909
A member of the Wereldhave Group

Contacts:

Wereldhave N.V.
Charles Bloema, Corporate Treasurer +31 70 346 93 25

The Royal Bank of Scotland plc
Andrew Burton, Head of Liability Management +44 20 7085 8056
Mike Hardman, Head of UK Sales +44 20 7085 8082
Stuart Montgomerie, Head of European Corporate Syndicate +44 20 7085 5862



© 2006 ActusNews