1st April 2009

Nanette Real Estate Group N.V.

Notice of EGM

Nanette Real Estate Group N.V. ('Nanette' or the 'Group') is pleased to announce that it is convening an EGM, which will be held at Rapenburgerstraat 204, 1011MN Amsterdam, the Netherlands, on 20th of April 2009 at 12:00 am.

The EGM will propose the following resolutions: 

• the approval and confirmation of the 2007 statutory accounts required under Dutch law

• grant of discharge from liability to the members of the board for the management conducted in the past year

• reappointment of Mr. Shaul Lotan as the Company Chairman

• the change of title of Mr. Eyal Keltsh from a non-executive director to an executive director

• Amendment of the Company's Articles of Association, by the increase of the maximum number of members of the Board from ten (10) to fifteen (15) members, and by the insertion of the possibility for the appointment of up to two Vice-Chairmen to the Board, and grant of authorization to each executive member of the Board of the Company as well as to any employee of Houthoff Buruma N.V. to execute the deed of amendment of the Articles of Association.

The Board of Management has determined that those who are registered on 15th of April 2009, after the processing of settlements on that date ('Record Date'), in the shareholders register of the Company and who have given notice up to the Record Date of their wish to attend the meeting and holders of depository interests registered at the Record Date who have given Computershare Company Nominees Limited a notice of their wish to attend the meeting up to the Record Date, in accordance with the following, will have the right to attend the General Meeting.

Copies of the circular to shareholders containing the notice of the meeting and the proposal for the amendment of the Company's Articles of Association may be inspected by the shareholders (and copies may be obtained free of charge) during normal working hours at the office of Nanette, with the address: Rapenburgerstraat 204, 1011MN Amsterdam, the Netherlands, telephone number +31 20 778 4141 and may also be downloaded from the Company's website viahttp://www.nanettegroup.com/

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