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

Halifax, Nova Scotia, December 2, 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  HII
has filed  a  Material Change  Report  and Early  Warning  Report  in
respect of the recent acquisition previously announced by Mr. Richard
Homburg  of  13,127,042  Class  A  Subordinate  Voting  Shares   (the
"Acquisition") through Homburg  Finance AG of  Zurich Switzerland,  a
company  controlled  by   Mr.  Richard   Homburg.   The   Acquisition
represents:

1) 7.8%  of the  issued and  outstanding Class  A Subordinate  Voting
Shares; representing 1.4% of the total aggregate votes in the Issuer;
and

2) After giving effect to the Acquisition, Mr. Richard Homburg,  will
own or  control  67,454,480 Class  A  Subordinate Voting  Shares  and
24,745,277 Class B Multiple Voting  Shares (the "Class B Shares")  in
the Issuer. Each Class A share  represents one vote and each Class  B
share represents 25 votes. In aggregate, Mr. Richard Homburg will own
or control 40.05% of the votes entitled to be cast in connection with
Class A  shares  and 78.52%  of  the votes  entitled  to be  cast  in
connection with  Class B  shares for  a total  71.75% of  outstanding
votes entitled to be cast in the Issuer.

Mr. Homburg noted  that the Acquisition  was for investment  purposes
and that additional securities  may be acquired  or disposed of  from
time to time in the future.

Mr. Homburg again noted, that HII previously announced on 15  October
2008, that it  had acquired  regulatory approval to  launch a  normal
course issuer bid  as management of  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.

HII will also hold  a special shareholder's  meeting on December  11,
2008 to consider management's proposal  to consolidate the shares  of
HII at a  ratio of 1  new share  for every existing  10 shares.  This
ratio  would  apply  equally  to  all  classes  of  shares.   Further
information on the proposal is available in management's  information
circular available at www.homburginvest.com or www.sedar.com


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/1274730/283556.pdf


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