Shares issued:  Class A - 155,578,911    Class B - 31,514,782

Halifax, Nova Scotia, August 8, 2008 (TSX: HII.A & HII.B and
Euronext:HII) Richard Homburg, Chairman and CEO of Homburg Invest
Inc. ("Homburg Invest") is pleased to announce that at a meeting of
the Board of Directors held August 8, 2008 the payment of the
semi-annual dividend of $0.24 per share was approved.  The dividend
will be payable on September 30, 2008 to holders of Class A
Subordinate Voting Shares and Class B Multiple Voting Shares at the
close of business on September 16, 2008.

The Board of Directors of the Company has also determined that the
price of Class A Subordinate Voting Shares which may be purchased
with cash dividends, under the Company's Dividend Reinvestment Plan,
with respect to these dividend payments will be 97% of the market
price as determined under the Plan.

All dividends paid by Homburg Invest are eligible dividends unless
indicated otherwise.

Homburg Invest, with its  head office in  Halifax, Nova Scotia,  owns
and develops a diversified portfolio of quality real estate including
office, retail, industrial  and residential  apartment and  townhouse
properties throughout Canada, the United States and Europe.

                                -30-


For further information, please contact:

Mr. Richard Homburg,
Chairman and CEO
Homburg Invest Inc.
902-468-3395

or

J. Richard Stolle
President and COO
Homburg Invest Inc.
31-20-573-3855

This news release may  contain statements which  by their nature  are
forward looking and  express the Company's  beliefs, expectations  or
intentions regarding  future performance,  future events  or  trends.
Forward looking statements  are made  by the Company  in good  faith,
given management's  expectations  or  intentions  however,  they  are
subject to market conditions, acquisitions, occupancy rates,  capital
requirements, sources of funds, expense levels, operating performance
and other  matters.  Therefore, forward  looking  statements  contain
assumptions which are subject  to various factors including:  unknown
risks and uncertainties:  general economic  conditions; local  market
factors; performance of other third parties; environmental  concerns;
and interest rates, any of which  may cause actual results to  differ
from the  Company's good  faith beliefs,  expectations or  intentions
which have  been  expressed in  or  may  be implied  from  this  news
release. Therefore, forward looking statements are not guarantees  of
future performance  and  are  subject to  known  and  unknown  risks.
Information and statements  in this document,  other than  historical
information,  should  be   considered  forward-looking  and   reflect
management's current views of future events and financial performance
that involve a number of risks and uncertainties. Factors that  could
cause actual  results  to  differ materially  include,  but  are  not
limited  to,   the  following:   general  economic   conditions   and
developments within  the real  estate industry,  competition and  the
management of growth. The Toronto Stock Exchange has neither approved
nor disapproved of the information contained herein.


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