Shares issued: Class A - 16,790,018 Class B - 3,150,239
Halifax, Nova Scotia, March 2, 2009 (TSX: HII.A & HII.B and NYSE Euronext Amsterdam: HII) - Mr. Richard Homburg, Chairman and CEO of Homburg Invest Inc. ("HII" or "Homburg Invest") is pleased to announce that at a Board of Directors Meeting held Friday, February 27, 2009 the Directors discussed the Company's current dividend policy. As a result and until further notice:

a) Dividends when considered and if thought fit to approve and declare by the Board of Directors will be paid annually in July; and

b) Dividends will be paid in cash.

As a result of the foregoing, the Board of Directors has passed a resolution authorizing management to take all steps necessary to close out the existing Dividend Reinvestment Plan. This closing out will result in CIBC Mellon Trust Company forwarding share certificates to all shareholders currently participating in the Plan.

Homburg Invest, with its head office in Halifax, Nova Scotia, is an international real estate investment and development company that owns a diversified portfolio of quality real estate, including office, retail, industrial and residential apartment and townhouse properties in Canada, Europe and the United States. Homburg Invest also owns land assets for development in Calgary and Edmonton, Alberta; Montreal, Quebec; and Charlottetown, Prince Edward Island. In 2007, Homburg Invest completed significant acquisitions totalling over approximately CAD$ 1.1 billion and as of September 30, 2008 has assets of over CAD$ 4.0 billion with an approximate aggregate of 20.2 million square feet of gross leasable area.