Shares issued:  Class A - 168,412,323    Class B - 31,514,782

Halifax, Nova Scotia, November 21, 2008 (TSX: HII.A & HII.B and  NYSE
Euronext Amsterdam: HII)-  Mr. Richard Homburg,  Chairman and CEO  of
Homburg Invest  Inc.  ("Homburg  Invest"  or  "HII")  announces  that
through Homburg Finance AG of Zurich Switzerland, part of the Homburg
Group  of  Companies  under  the  control  of  Mr.  Richard  Homburg,
13,127,042 Class A Shares  in Homburg Invest  acquired at the  market
price of  ?1.03  from  an  European Investment  Group  in  a  private
transaction.  Mr. Homburg is quoted as stating:

I believe  in HII,  in  its management  and  staff, its  world  class
quality assets and  ongoing development  projects and I  am not  just
talking; I am acting on that.  There are opportunities everywhere  in
this financial crisis  but I can  not think of  a better  opportunity
than in the company that I founded and created.

Mr. Homburg also noted  that HII previously  announced on 15  October
2008, that it  had acquired  regulatory approval to  launch a  normal
course issuer  bid.  HII  does not  feel that  current market  prices
reflect the  underlying  value  of HII  and  therefore  has  acquired
regulatory approval to acquire 10% of Class A Shares and up to 5%  of
Class B  Shares.   Under the  Exchange  Rules and  Policies,  Homburg
Invest is entitled  to purchase  up to a  maximum of  47,538 Class  A
Shares and 1000 Class  B Shares on any  one trading day.  Please  see
the press release dated 15 October 2008 for further details.

Homburg, 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.  The Company also
owns land assets  for development in  Calgary and Edmonton,  Alberta;
Montreal, Quebec; and Charlottetown, Prince Edward Island.  In  2007,
Homburg   completed    significant   acquisitions    totaling    over
approximately CAD$ 1.1 billion and as of December 31, 2007 has assets
of over  CAD$  3.8 billion  with  an approximate  aggregate  of  18.2
million square feet of gross leasable area.

                                -30-


For further information, please contact:

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

or

Richard Stolle
President and COO
Homburg Invest Inc.
011 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.


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
http://hugin.info/138798/R/1272232/282342.pdf


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