Nanette Real Estate Group N.V.

"Nanette" or the "Company"

Result of AGM

Nanette is pleased to report that at its Annual General Meeting held on 30 May 2008 the following resolutions were approved by shareholders:

• Approval of an extension of the period for compilation of the 2007 statutory accounts of the Company as required under Dutch law by a six (6) months' period, in accordance with Article 25.2 of the Articles;

• Approval of the appointment of Mr. David Dekel as a non-executive member of the Board with immediate effect. 

Mr. David Dekel is the founder and CEO of Endeavour Enterprises N.V., an operations consulting firm based in Amsterdam, the Netherlands. Prior to his current role, Mr. David Dekel worked in the ICT industry as COO for a software firm, and CEO for a telecommunications company, both based in the Netherlands. His other positions included those in strategic planning, marketing and various managerial roles. Mr. David Dekel holds a masters degree in business administration from Teesside University in the United Kingdom and a bachelors degree in business administration from Delta University in the Netherlands. 

Mr. David Dekel's current directorships are:

Endeavour Enterprises NV

BluePhoenix Solutions BV

Advance System Europe BV

YADA Financial Services

Mr. David Dekel has not held any other previous directorships in the past five years.

Save as disclosed above, there is no further information to be notified under Schedule Two, paragraph (g), of the AIM Rules.

30 May 2008

• News Channel