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.