| Net asset value report of the Norvestia Group 31.3.2008 | ||||||
| NORVESTIA'S NET ASSET VALUE ROSE BY 1.6 % IN MARCH | ||||||
| Change in NAV, 1 month | +1.6% | (dividend-adjusted) | ||||
| Change in NAV, since beginning of year | - 0.7% | (dividend-adjusted) | ||||
| Change in NAV, 12 months | +1.3% | (dividend-adjusted) | ||||
| (EUR 0.50 per share was distributed as dividend in March) | ||||||
| 31/03/2008 | 29/02/2008 | 31/12/2007 | ||||
| Net asset value/share, € | 10.17 | 10.50 | 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 | 61.1 | 71.6 | 71.5 | |||
| Other financial assets at fair value | 41.0 | 40.3 | 39.8 | |||
| Other investments | 1.8 | 1.8 | 1.8 | |||
| Cash and receivables | 59.6 | 61.4 | 59.1 | |||
| ASSETS IN TOTAL | 164.6 | 176.2 | 173.3 | |||
| Current liabilities | -4.3 | -10.8 | -3.5 | |||
| Deferred tax liability | -4.5 | -4.6 | -5.3 | |||
| NET ASSET VALUE | 155.8 | 160.8 | 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. | ||||||