A proposal to proceed to cancel the currently outstanding preference shares of Wereldhave N.V. will be put to the Annual General Meeting of Wereldhave N.V. to be held in 2009.The rationale for cancellation is that the listing of preference shares of an investment company with variable capital is no longer required and that the preference shares have a very limited liquidity. In addition, the determination of voting rights during the shareholders' meeting is very complicated because of the difference in nominal value compared to the ordinary shares. Finally, the cancellation also serves to optimise the protective function of the preference shares, such in the light of the Public Offers of Securities Act. The possibility of issuing preference shares and/or priority shares is maintained.

The Articles of Association provide that in the event of cancellation, the compensation paid on the shares amounts to the fully paid-up part of the nominal value, i.e. EUR 2.27 per share. In addition, the compensation in the event of cancellation includes the dividend determined under the Articles of Association for the proportionate part of the year that has elapsed up to cancellation, after deduction of the applicable withholding taxes.

The Hague, June 25, 2008

Board of Management Wereldhave N.V.