NORVESTIA'S NET ASSET VALUE ROSE BY 0.7% IN MAY
Change in NAV, 1 month		+0.7%	(dividend-adjusted)
Change in NAV, since beginning of year		0.0%	(dividend-adjusted)
Change in NAV, 12 months		-3.1%	(dividend-adjusted)
		31/05/2008	30/04/2008	31/12/2007
Net asset value/share, €		10.24	10.17	10.74
		MEUR	MEUR	MEUR
ASSETS
NON-CURRENT ASSETS
	Tangible assets	0.0	0.0	0.0
	Investments in associated companies	1.1	1.1	1.1
CURRENT ASSETS
	Shares held for trading	54.3	50.3	71.5
	Other financial assets at fair value	43.2	42.3	39.8
	Other investments	1.8	1.8	1.8
	Cash and receivables	61.6	65.6	59.1
ASSETS IN TOTAL		162.0	161.1	173.3
Current liabilities		-0.6	-1.1	-3.5
Deferred tax liability		-4.5	-4.3	-5.3
NET ASSET VALUE		156.9	155.7	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.