CORRECTION

Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Dear Investor, The email sent on 30 April to announce the release of our 2008 results contained an error: Net assets declined by 21 % from US$ 527.1 million to US$ 415.8 million, rather than to US$ 478.5 million. On a per share basis, our Net Asset Value declined by 19.5% from US$ 107.82 to US$ 86.76. The smaller percentage decrease is due to the repurchase of shares by the company in 2008. As stated in our original email, our full report is available at http://www.easternpropertyholdings.com/en/9.asp Sincerely, Eastern Property Holdings --- End of Message --- Eastern Property Holdings Limited Valartis Asset Management SA/Case Postale 3458 Geneva Switzerland WKN: 250817; ISIN: VGG290991014; Listed: Real Estate Companies in SIX Swiss Exchange;
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