Eastern Property Holdings Announces 2009 Results

Eastern Property Holdings Limited (EPH) / Eastern Property Holdings Announces 2009 Results processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

Eastern Property Holdings (EPH) reports a net loss of US$ 66.86 million for
2009, as Russian property markets continued the decline which started in the
second half of 2008.

Over the course of 2009 the company repurchased 11% of the shares outstanding at
the beginning of the year, with the effect that a 20% decline in net assets,
primarily due to fair value adjustments, was not matched by a 10.1% decline in
net asset value per share, from US$ 86.76 to US$ 77.89.

Full financial statements are available at the company website:

www.easternpropertyholdings.com

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Eastern Property Holdings Ltd. is an SIX Swiss Exchange-listed real estate
development and investment company focusing on Russia. The company holds
interests in office, residential, retail and parking properties and
developments, principally in Moscow and St. Petersburg. EPH is managed by
Valartis International Ltd. a wholly-owned subsidiary of Valartis Group AG.
Additional information on Eastern Property Holdings is available by contacting
Terry Olin, Tel: [phone].

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Valartis Group AG is an SIX Swiss Exchange-listed banking group active in Asset
Management in Private and Public Equity as well as Real Estate, Investment
Banking and Private Wealth Management. Valartis Group AG has offices in Geneva,
Zurich, Vienna, Luxembourg, Liechtenstein, Moscow and St. Petersburg. Further
information is available on the website (www.valartis.ch).



[HUG#1410903]



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Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA/Case Postale 3458 Geneva Switzerland

WKN: 250817;ISIN: VGG290991014;

    Press release (PDF): 

http://hugin.info/139905/R/1410903/363244.pdf