Eastern Property Holdings Concludes USD 40 Mill...

16 January 2009



Road Town, Tortola, BVI


Eastern Property  Holdings  announces  the conclusion  of  a  5  year
non-recourse USD 40 million  investment loan facility from  UniCredit
Bank Austria AG,  secured by  Petrovsky Fort business  center in  St.
Petersburg, Russia.



*********

Eastern Property Holdings Ltd. (EPH) 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  Eastern Property  Management Ltd.,  a
real estate management company that  is a wholly-owned subsidiary  of
Valartis  Group  AG.  Additional  information  on  Eastern   Property
Holdings     is     available     on     the     company      website
(www.easternpropertyholdings.com) or by  contacting Terry Olin,  Tel:
[phone].

*********

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,
Moscow and St.  Petersburg. Further information  is available on  the
website (www.valartis.ch).


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.