Nanette Real Estate - Filing Prospectus

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Thu Apr 10, 2008 4:15am EDT 

RNS Number:0536S
Nanette Real Estate Group N.V.
10 April 2008



Nanette Real Estate Group

"Nanette" or "The Group"

Filing prospectus and "shelf prospectus" in Tel Aviv Stock Exchange

Nanette, the Central and Eastern European property developer is very pleased to
announce that, following the announcement made on 19 June 2007 regarding the
€38m fundraising through the issue of debentures, it  has filed a draft
prospectus and a draft "shelf prospectus" in connection with the listing of
these debentures on the Israeli Stock Exchange.

As set out in the announcement of 19 June 2007, by listing the debentures the
interest rate on the debentures will decrease by 0.65% to  4.85% per annum. The
interest rate is also linked to consumer price index changes in Israel.

While the Company has not determined to issue any further debentures, the "Shelf
prospectus" will provide the Company with the flexibility to raise additional
debentures on the Tel Aviv stock exchange in the future.



April 10, 2008


ENQUIRIES:


Nanette Real Estate Group
Shaul Lotan                             + 972 3 7 100 200

Eyal Keltsh                             +48 606141201

College Hill
Paddy Blewer                            020 7457 2020
Gareth David

KBC Peel Hunt
Capel Irwin                             020 7418 8900
Alina Savych




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