NORVESTIA'S NET ASSET VALUE SUNK BY 0.9% IN JULY
Change in NAV, 1 month		-0.9%	(dividend-adjusted)
Change in NAV, since beginning of year		-3.5%	(dividend-adjusted)
Change in NAV, 12 months		-5.7%	(dividend-adjusted)
		31/07/2008	30/06/2008	31/12/2007
Net asset value/share, €		9.88	9.97	10.74
		MEUR	MEUR	MEUR
ASSETS
NON-CURRENT ASSETS
	Tangible assets	0.0	0.0	0.0
	Investments in associated companies	1.2	1.2	1.1
CURRENT ASSETS
	Shares held for trading	49.1	47.4	71.5
	Other financial assets at fair value	41.7	41.9	39.8
	Other investments	1.8	1.8	1.8
	Cash and receivables	62.1	65.6	59.1
ASSETS IN TOTAL		155.9	157.9	173.3
Current liabilities		-0.6	-1.0	-3.5
Deferred tax liability		-3.9	-4.1	-5.3
NET ASSET VALUE		151.4	152.8	164.5
Number of shares 15,316,560
PRINCIPLES OF CALCULATION
Publicly listed shares, investment funds and derivatives have been measured at
closing price. In case the closing price has been unavailable, the purchase quotation
has been used. Unlisted shares have been measured at fair value using various
valuation methods.