Eastern Property Holdings Declares US$ 5.00 Cas...

Eastern Property Holdings Limited (EPH) /
Eastern Property Holdings Declares US$ 5.00 Cash Dividend - Interim Financials 
to be Released 13 September 2011 
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In June and August of this year, Eastern Property Holdings Ltd ('EPH') announced
completion  of the profitable sale, in two  parts, of 90% stakes in Berlin House
and Geneva House in Moscow.

This  transaction  marks  a  milestone,  generating  for  the  first time in the
company's  history a significant  amount of uncommitted  cash.  Recognising that
shareholders  have  demonstrated  strong  long-term  support even in challenging
circumstances, the company's Board of Directors is therefore pleased to announce
a  distribution of $5 per share  to owners of record at  the close of trading on
Monday,  19 September 2011. Payment will  be made within  10 days of this record
date.

Given a constructive outlook on the Russian property markets, the Board believes
it prudent at this time to retain sufficient financial resources for the support
of  the company's  project pipeline.  The Board  will weigh future allocation of
cash  reserves in light  of its understanding  of the opportunities available to
expand  its real estate  investment and development  activities on the one hand,
and the alternatives generally available to investors on the other.

The  Half Year 2011 Report  of EPH, including  the interim financial statements,
will be available prior to the opening of the SIX Swiss Exchange on Tuesday, 13
September  2011. The  company  will  host  a  conference call with management at
18:00 CET  the same  day. Details  for joining  the call  will be  posted on the
company's website.



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Eastern  Property  Holdings  Ltd.  is  an  SIX Swiss Exchange-listed real estate
development  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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Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA/Case Postale 3458 Geneva Switzerland

WKN: 250817;ISIN: VGG290991014;

Media Release (PDF): 


http://hugin.info/139905/R/1545169/473769.pdf




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Source: Eastern Property Holdings Limited (EPH) via Thomson Reuters ONE

[HUG#1545169]