direct/ Wereldhave Property Corp.

£30,000,000 nominal 9 ½ per cent. First Mortgage Debenture Stock due 2015
(the "9 ½ per cent. Stock")
£20,000,000 nominal 10 ¾ per cent. First Mortgage Debenture Stock due 2015
(the "10 ¾ per cent. Stock")
(together the "Stocks")

Wereldhave today announces an offer to purchase (the "Offer to Repurchase") up to £20,000,000 nominal amount of the Stocks. Any Stock purchased pursuant to the Offer to Repurchase will be cancelled.

Pursuant to the Offer to Repurchase, Wereldhave has asked The Royal Bank of Scotland to solicit offers from holders of the Stocks to offer for repurchase some or all of their respective holdings for redemption at a minimum margin of 60 basis points (0.60 per cent.) over the semi-annual gross redemption yield of the 4.75 per cent. Treasury Stock 2015 (the "Reference Stock").

It is envisaged that existing holders will offer their Stock for repurchase at a margin of 60 basis points or more above the gross redemption yield of the Reference Stock. Wereldhave will only accept offers for repurchase at margins greater than or equal to 60 basis points above the gross redemption yield of the Reference Stock.

To view the full press release paste the following link into your web browser

http://www.wereldhave.com/newspress/2006/7dec2006-e.pdf

By Order of the Board

Brian Cook
Secretary

Registered Office:-
39 Sloane Street,
London SW1X 9WR
7th December 2006

Registered in England No. 295909
A member of the Wereldhave Group

Contacts:

Wereldhave N.V.

Charles Bloema, Corporate Treasurer
+31 70 346 93 25


The Royal Bank of Scotland plc

Andrew Burton, Head of Liability Management
+44 20 7085 8056

Mike Hardman, Head of UK Sales
+44 20 7085 8082

Stuart Montgomerie, Head of European Corporate Syndicate
+44 20 7085 5862

The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.

This release was published on openPR.