ann out - nta

SYDNEY: Valad Property Group (ASX:VPG) today announces it has completed its
December 2009 asset valuation process resulting in a total valuation decline of $104.8
million across all assets, reducing net tangible asset backing from 20 cents to 16 cents
per security as at 31 December 2009.
Valad will report its half year results to 31 December 2009 on 25 February 2010.
Investors / Analysts / Media
Vivienne Bower
Head of Communications
Valad Property Group
Tel: +61 2 8257 6724
Mob: +61 431 487 025
www.valad.