Shares issued: Class A - 16,790,021 Class B - 3,150,248

Halifax, Nova Scotia, January 12, 2009 (TSX: HII.A & HII.B and NYSE
Euronext Amsterdam: HII) - Mr. Richard Homburg, Chairman and CEO of
Homburg Invest Inc. ("HII" or "Homburg Invest") is pleased to
announce that Homburg Invest has entered into a so-called exchange
agreement with Equity One Inc. ("Equity One"). Concurrently with the
exchange agreement Equity One and Homburg Invest entered into a
so-called voting rights transfer agreement.

Under the exchange agreement, Homburg Invest will dispose of
approximately 2 million ordinary shares of DIM Vastgoed N.V. ("DIM")
to Equity One in exchange for shares of common stock of Equity One
("Common Stock"). At initial closing, Homburg Invest will acquire
866,373 shares of Common Stock in exchange for a total of 1,151,276
DIM shares and 86,400 rights to DIM Shares, expected to occur no
later than January 14, 2009.  In addition, under the voting rights
transfer agreement, Homburg Invest has granted an irrevocable proxy
to Equity One with respect to another 766,573 DIM shares that Homburg
has the right to acquire on October 1, 2010.  The exchange agreement
also provides, subject to certain conditions, that Equity One will
acquire these DIM shares from Homburg once Homburg has obtained the
DIM shares at the same exchange ratio, being an aggregate of 536,601
shares of Common Stock.


Homburg
Homburg, with its head office in Halifax, Nova Scotia, is an
international real estate investment and development company that
owns a diversified portfolio of quality real estate, including
office, retail, industrial and residential apartment and townhouse
properties in Canada, Europe and the United States. The Company also
owns land assets for development in Calgary and Edmonton, Alberta;
Montreal, Quebec; and Charlottetown, Prince Edward Island. In 2007,
Homburg completed significant acquisitions totalling over
approximately CAD$ 1.1 billion and as of December 31, 2007 has assets
of over CAD$ 3.8 billion with an approximate aggregate of 18.2
million square feet of gross leasable area.


For further information, please contact:

Mr. Richard Homburg,
Chairman and CEO
Homburg Invest Inc.
902-468-3395

or

Richard Stolle
President and COO
Homburg Invest Inc.
011 31 20 573 3855

This news release may contain statements which by their nature are
forward looking and express the Company's beliefs, expectations or
intentions regarding future performance, future events or trends.
Forward looking statements are made by the Company in good faith,
given management's expectations or intentions however, they are
subject to market conditions, acquisitions, occupancy rates, capital
requirements, sources of funds, expense levels, operating performance
and other matters. Therefore, forward looking statements contain
assumptions which are subject to various factors including: unknown
risks and uncertainties: general economic conditions; local market
factors; performance of other third parties; environmental concerns;
and interest rates, any of which may cause actual results to differ
from the Company's good faith beliefs, expectations or intentions
which have been expressed in or may be implied from this news
release. Therefore, forward looking statements are not guarantees of
future performance and are subject to known and unknown risks.
Information and statements in this document, other than historical
information, should be considered forward-looking and reflect
management's current views of future events and financial performance
that involve a number of risks and uncertainties. Factors that could
cause actual results to differ materially include, but are not
limited to, the following: general economic conditions and
developments within the real estate industry, competition and the
management of growth. The Toronto Stock Exchange has neither approved
nor disapproved of the information contained herein.


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http://hugin.info/138798/R/1281604/286618.pdf


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