Homburg Invest Inc. announces 3rd Quarter 2008 results and analysts call

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

    HALIFAX, Oct. 29 /CNW/ - (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 he will announce HII's 3rd Quarter 2008
results on November 6th, 2008. Mr. Homburg will subsequently moderate a
conference call on November 7th, 2008 at 10:00 a.m. (A.S.T.) where the 3rd
Quarter results for 2008 and any relevant upcoming events for HII will be
discussed. The conference call will be led and moderated by Mr. Richard
Homburg, Chair and CEO of Homburg Invest with additional commentary by
Mr. Richard Stolle, President and COO and Mr. Jamie Miles, VP and CFO.
    The conference call will be available globally through Verizon by
applying participant passcode HOMBURG through the following numbers:

    If calling from:
    Canada or the United States: Toll Free - 1-866-617-1526/
    Toll Charge 1-210-795-0624
    The Netherlands: Toll Free - 0800-343-4364/Toll Charge 31-20-717-6857
    Switzerland: Toll Free - 0800-001-214/Toll Charge 41-44-580-3896

    Apply the same participant passcode to the toll charge number should a
toll free number not apply to your location. For locations not listed above,
please contact Investor Relations at 902-468-3395 and a toll free number will
be provided to you should one apply for your location.
    A live audio webcast of the conference call will be accessible at
https://e-meetings.verizonbusiness.com, conference number 1525633, passcode
HOMBURG - under Participant Join, Join an Event.
    Approximately one hour after the conclusion of the conference call, a
replay will be available for 90 days on www.homburginvest.com.

    Homburg Invest, with its head office in Halifax, Nova Scotia, owns and
develops a diversified portfolio of quality real estate including office,
retail, industrial and residential apartment and townhouse properties
throughout Canada, the United States and Europe.

    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.
    %SEDAR: 00013330E

For further information:

For further information: Mr. Richard Homburg, Chairman and CEO, Homburg
Invest Inc., (902) 468-3395; Richard Stolle, President and COO, Homburg Invest
Inc., 011 31 20 573 3855

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Homburg Invest Inc.

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