Eastern Property Holdings Limited (EPH) / Eastern Property Holdings Limited (EPH): First Quarter 2016 Financial Update . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

30 May 2016, Road Town, Tortola, BVI

FINANCIAL HIGHLIGHTS

      ·         The performance of the Company's income-generating properties is almost not impacted by the overall decline in the Russian market and continues to demonstrate high profitability; 

      ·         The volatility of Rouble/US Dollar exchange rate continues to be one of the main factors affecting the Company's operating results;

      ·         Deferred part of the purchase price of Hermitage Plaza in the amount of US$ 100.9 million was paid in March 2016 resulting in tangible decrease in the Company's accounts payable; 

      ·         Strengthening of Rouble against US dollar during Q1 2016 led to increase of Arbat development property value which is carried at cost nominated in Roubles;

      ·         NAV as of 31 March 2016 is slightly higher than as at 31 December 2015 (assuming that the real estate valuations done as of 31 December 2015 are unchanged).

Significant Q1 2016 Income and Expense Items

Significant Q1 2016 changes in Financial Position

Eastern Property Holdings Ltd. is an investment company listed on SIX Swiss Exchange which holds interest in office, residential and retail properties. EPH is managed by Valartis International Ltd. a wholly-owned subsidiary of Valartis Group AG.

Additional information on Eastern Property Holdings is available by contacting Anna Bernhart Tel: +41 44 503 5400.

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Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA Geneva Switzerland

WKN: 250817;ISIN: VGG290991014;