NORVESTIA'S NET ASSET VALUE SUNK BY 0.7 % IN DECEMBER 2007
Change in NAV, 1 month		-0.7 %
Change in NAV, 12 months		+6,0%	(dividend-adjusted)
		31/12/2007	30/11/2007	31/12/2006
Net asset value/share, €		10.74	10.82	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	71.5	68.0	71.0
	Other financial assets at fair value	39.8	40.1	38.0
	Other investments	1.8	1.7	1.7
	Cash and receivables	59.1	62.5	62.7
ASSETS IN TOTAL		173.3	173.4	173.4
Current liabilities		-3.5	-1.8	-1.9
Deferred tax liability		-5.3	-5.8	-7.4
NET ASSET VALUE		164.5	165.8	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.