KPMG - IERE

(2) No account has been taken of the trading results of the Group since 30 September 2006
(3) Net proceeds of the Placing and Public Offer are expected to be A175.5 million, after deducting
issue costs of A10.8 million and are based on 63.0 million Shares issued by the Company under
the Offer at a price of 200p and have been extracted, without material adjustment, from Part
III: ‘‘The Offer’’.
(4) The unaudited asset acquisitions represent the completed acquisitions subsequent to 30 September
2006 and prior to the date of this Prospectus. The following properties and property holding
special purpose vehicles were acquired:
* Sun (owned by a special purpose vehicle called Invista European RE Sun Propco Sarl);
* Nova (owned by a special purpose vehicle called Invista European RE Le Nova Propco
Sarl); and
* Cergy (acquired as an asset).
The adjustments relating to these acquisitions include aggregate property and associated
(5)
acquisition costs of A72.6 million, the net write off of capitalised acquisition costs of A2.0 million
to reflect the market value set out in Part VI: ‘‘Valuation Report’’ and the associated debt at
acquisition of A73.0 million.
Furthermore, the Group has placed on deposit A2 million in relation to the future acquisition of
a property in Riesa, Germany.
Reflects the repayment of part of the existing Bank Facility.
(6) Reflects the conversion of the Shareholders’ Loans to the Group at face value. The conversion
is expected to take place on or around Admission.
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