Net asset value report of the Norvestia Group 31.1.2008
NORVESTIA'S NET ASSET VALUE SUNK BY 3.2 % IN JANUARY
Change in NAV, 1 month		-3,2 %
Change in NAV, 12 months		+1,2 %	(dividend-adjusted)
		31/01/2008	31/12/2007	31/12/2006
Net asset value/share, €		10.40	10.74	10.71
		MEUR	MEUR	MEUR
ASSETS
NON-CURRENT ASSETS
	Tangible assets	0.0	0.0	0.0
	Investments in associated companies	1.1	1.1	-
CURRENT ASSETS
	Shares held for trading	64.9	71.5	71.0
	Other financial assets at fair value	41.1	39.8	38.0
	Other investments	1.8	1.8	1.7
	Cash and receivables	56.7	59.1	62.7
ASSETS IN TOTAL		165.6	173.3	173.4
Current liabilities		-1.9	-3.5	-1.9
Deferred tax liability		-4.4	-5.3	-7.4
NET ASSET VALUE		159.3	164.5	164.1
Number of shares 15,316,560
PRINCIPLES OF CALCULATION
Publicly listed shares, investment funds and derivatives have been valued to closing price.
In case a closing price has been unavailable, the purchase quotation has been used.
Unlisted shares have been recognised at fair value using discounted cash flow methods.