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Real Estate Market Evaluation: Dom Development's 3rd Quarter Results 2007

Analyzing Warsaw's real estate market performance, including demand, financial conditions, and price dynamics in 2007. Dom Development's financial results and ongoing projects are also highlighted.

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Real Estate Market Evaluation: Dom Development's 3rd Quarter Results 2007

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  1. Dom Development SA Presentation of 3rd Quarter 2007 Results (Meeting with investors and analysts – 13November 2007) http://inwestor.domdevelopment.pl/information-for-investors/presentations

  2. Evaluation of the Warsaw real estate market FACTOR: EVALUATION: • Demand for flats and houses • Households’ financial condition • Availability of mortgage facilities • Macroeconomic conditions • Demographic environment Neutral Positive Neutral Positive Positive

  3. Price increase dynamics in thefirst 3quarters of 2007 Increase by 19.1 % Source: redNet Property Consulting • Over the first 3quarters, prices increased by 19.1%. with about 10.6% in the 1st half and about 8.5% in the 3rdquarter.

  4. Basic financial results for the first 3quarters of 2006 and 2007 (mPLN) Quarterly financial results 3 quarter financial results • Q3 2007/Q3 2006 revenues increased by 57.4 % net profit increase of95.2 % Net profit – PLN 65.4m – breaks records again. • Q1-3 2007/Q1-3 2006 revenues increased by 29.2 % net profit increase of72.3 %.

  5. Quarterly financial resultsQ1 2006 – Q3 2007 (mPLN) Quarterly revenues: Quarterly profits: • The clear increasing trend of revenues and profits results from consistent implementation of a strategy ofraising the scale of operations of the company

  6. Quarterly margins (%) Q1 2006 – Q3 2007 Quarterly margins: • The highest historicalnet profit margin,with a still very high level of gross sales profit margin

  7. Balance sheet data Q1 2006 – Q3 2007 (mPLN)

  8. Flat sales and completion • The positive dynamics in 3 quarter sales are still evident in comparison to a very good 2006, confirming that the company has the ability to fullfill customers’ requirements in regard to project location and project design. Quarterly sales 3 quarter sales Quarterly completions delivered to clients 3quarter completions delivered to clients

  9. Projects – recordhigh land bank • The Company has completed projects comprising over 9,800 flats and houses. • At present the Company is in the process of constructing over 2,900 flats and apartments having a value of around PLN 1.2 billion • Dom Development also has a further 8,545 flats and houses under preparation. The value of these projects amounts to approx PLN 4.1 billion. • Dom Development is also currently negotiating the purchase of land for a further 11,900 units

  10. Controlled land / projects in course of preparation(as at 12November 2007)

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