Wereldhave Belgium Court Case

Wereldhave NV
06 December 2006


Wereldhave Belgium has been summoned today, December 5, 2006, to appear in court
(before the Raadkamer / Chambre du Conseil) in the matter of a penal dispute
arising from the sale of a cash company in 1993. On February 20, 2007, the
Raadkamer/Chambre du Conseil will decide about a possible transfer to court.

The prosecutor is demanding the liquidation of Wereldhave Belgium; the
disqualification of several officials of the company and the seizure of
Belle-Ile. On September 30, 2006 the fair value of Belle-Ile amounts to 119.7
million EUR.

The cash company in question was the result of the liquidation and division of
MLO LTD N.V. in Seceurimmo N.V. and MLO N.V. (Wereldhave Belgium N.V.). The
latter was merged with Comm. VA Wereldhave Belgium.

The Belgian tax authorities contest the fiscal neutrality of the split and have
made supplementary charges in company tax and advance income assessments.

Furthermore, a penal complaint was filed which is now being handled.

The amount of the contested tax charges alone has been guaranteed by the Dutch
company Wereldhave N.V.

Wereldhave Belgium is convinced that it has complied with all applicable laws
and regulations both in regard to the penal and the fiscal dispute.


                      This information is provided by RNS
            The company news service from the London Stock Exchange