20c a security is a big risk, but it could hap, page-5

They've denied it.

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11 December, 2008
VALAD RESPONDS TO ASX QUERY
SYDNEY: Valad Property Group (ASX:VPG) has been asked by the ASX to respond to unsubstantiated statements outlined in an article published in today’s edition of The Australian newspaper.
Specifically, in response to the statement that “Valad Property Group’s management is believed to be seeking an equity backer to launch a company buyback;” as stated at the AGM on 30 October 2008, the Group will look at all opportunities to enhance security holder value, and will keep security holders and the market fully informed of any developments as they may occur. Valad has no specific knowledge of any potential company buyback at 20 cents per security.
The article also speculated that “Valad could move to return the European arm of the business it bought from Kevin McCabe last year.” Valad has not received and is not considering any such proposal.
The Group confirms it is in compliance with Listing Rule 3.1.
Contacts
Investors/Analysts/Media
Jeff Locke
CEO Asia Pacific
Valad Property Group
Tel: 61 2 8257 6705
Rebecca Thompson
Corporate Affairs
Valad Property Group
Tel: 61 2 8257 6717
Mob: 0416 079 329
About Valad
Valad Property Group is an active fund manager, investor and developer with an international network of local offices managing A$18 billion of assets.
• Our core business is providing enhanced property returns to investors through value-adding activities.
• Our network of 30 local offices in 17 countries enables us to match global investment capital with real estate opportunities.
• Valad‘s aim is to continue to build a sustainable property business by providing stakeholders with the “value-add” that underpins the Group’s name and philosophy.
www.valad.com.au
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