Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this 
announcement. 
----------------------------------------------------------------------
--------------    
Jelmoli Holding Ltd ("Jelmoli") provides additional information on
its Swiss real estate portfolio prior to the separate listing of
Jelmoli and Athris Holding Ltd ("Athris") on March 30, 2009. Jelmoli
will be included in the real estate segment of the SIX Swiss Exchange
with immediate effect. The inclusion in the Swiss Real Estate Index
and the EPRA Index is expected for summer 2009.



The Jelmoli  real estate  portfolio including  the Tivona  properties
which were acquired in February 2009 consists of 131 properties  with
a combined market value of CHF 4.1 billion (based on segment  values)
as of December 31, 2008. 87% of the property value is in first  class
locations and the top 5  properties account for approximately 40%  of
the value. Approximately  10% of the  value results from  development
projects such as the shopping center  Stücki in Basel, which will  be
completed in 2009. Jelmoli is the only public real estate company  in
Switzerland with a  focus on  high street retail  properties. 61%  of
rental income  is  derived  from high  quality  retail  tenants  (74%
including related  activities  such  as  parking  and  storage).  The
average duration of rental contracts  is approximately 10 years;  the
vacancy rate amounts to  3.5% (excl. projects).  For the full  twelve
months 2009, the combined Jelmoli and Tivona portfolio will  generate
rental income of approximately CHF 220 million, including development
projects from  the expected  date of  completion. The  full  run-rate
rental income after  completion of all  current development  projects
for the portfolio amounts to approximately CHF 240 million.
Jelmoli now  provides  for the  first  time detailed  information  on
Jelmoli's real  estate  portfolio on  a  property-by-property  basis,
which    can    be    accessed     via    the    Jelmoli     homepage
(www.jelmoliholding.ch) and  will  provide investors  access  to  key
information relevant  for  their  investment decision  ahead  of  the
publication of the annual report on April 28, 2009, which will be  in
compliance with the additional  rules of SIX  Swiss Exchange for  the
listing of real estate companies. In addition, the independent valuer
reports prepared by Wüest  & Partner for the  Jelmoli and the  Tivona
portfolio as of December 31, 2008, will be available via the  Jelmoli
homepage as of today.
The Jelmoli bearer shares  with a nominal value  of CHF 50 have  been
traded today for the last time and are being delisted. They are being
split and converted into new Jelmoli registered shares with a nominal
value of CHF 10 which will trade for the first time Monday March  30,
2009. The share capital  of Jelmoli amounting  to CHF 38,153,940  has
been increased through the authorized issuance of 250,000  registered
shares (with a nominal value of CHF 10) to CHF 40,653,940 (authorized
capital increase). All new shares have been subscribed for by  Pelham
Investments S.A. as compensation for  ceding control in Jelmoli.  The
newly issued shares will also be listed and traded for the first time
on March 30, 2009.
The registered and bearer shares  of Athris are being distributed  by
way of a dividend in kind and  will be listed as well as from  Monday
March 30, 2009.  At the  same time  the share  buy-back program  will
commence by  Athris issuing  tradable  put options  to buy  back  its
bearer and registered shares.
"I am very pleased that the implementation of the Strategic Plan will
be concluded on March 30, 2009. This will mark the beginning of a new
area in the history of Jelmoli, and the beginning of Athris as a  new
and exciting company with  ample investment opportunities in  today's
market environment. Having overseen the successful implementation  of
the Strategic Plan,  I now intend  to focus entirely  on the  Jelmoli
business and will therefore step down from the board of Athris as  of
the first day of trading." said Christopher Chambers, Chairman of the
Board of Directors of Jelmoli.

Contacts

Media:      Michael Mueller, President of the Executive Committee
            +41 44 220 49 13, eMail: michael.mueller@jelmoli.ch

Internet:   www.jelmoliholding.ch / www.huginonline.ch/JEL
WAP mobile: wap.huginonline.com (Press Releases Jelmoli)
E-mail:     info@jelmoliholding.ch


This media  information  contains forward  looking  statements  which
express intentions, estimates, expectations and forecasts relating to
future financial,  operational and  other developments  and  results.
Such statements  and  the underlying  assumptions  are subject  to  a
variety of risks,  uncertainties and other  factors which could  mean
that the  actual  developments may  significantly  differ  therefrom.
Investors should also note that  the described transaction may  fail,
in  full  or  in  part,  or   may  be  delayed.  In  view  of   these
uncertainties, readers of this media information are cautioned not to
place undue reliance on such forward looking statements.


 
--- End of Message ---

Jelmoli
-----------------------------------------
Jelmoli über 
WAP:
 
wap.huginonline.com
-----------------------------------------  

St. Annagasse 18 Zürich 

WKN: 851225; ISIN: CH0000668464; Index: SMCI, SPI, SPIEX;
Listed: 
Main Market in SIX Swiss Exchange;
http://hugin.info/100248/R/1301243/297446.pdf


Copyright © Hugin AS 2009. All rights reserved.