Homburg Invest Inc. announces appointment to Advisory Board

    Shares issued: Class A - 155,579,016 Class B - 31,514,782

    HALIFAX, Sept. 19 /CNW/ - (TSX: HII.A & HII.B and Euronext:HII) Richard
Homburg, Chairman and CEO of Homburg Invest Inc. ("Homburg Invest") is pleased
to announce the appointment of Robert (Bob) Hefferton to the Advisory Board of
Homburg Invest. Mr. Hefferton most recently completed 27 years of service to
the Homburg Group where he last held the position of Senior Vice President of
Homburg Canada Incorporated.
    Mr. Hefferton began his career studying architecture at Ryerson
University. Before joining the Homburg Group in 1982, Mr. Hefferton completed
a number of business degrees which he then applied in a number of executive
positions with various corporate groups.
    Mr. Hefferton was instrumental in opening the Homburg Group's operations
in Western Canada and the United States and Mr. Homburg is very pleased that
Mr. Hefferton will be in a position to continue to offer his considerable
operational experience to the future North American development and growth of
the Homburg Group.
    Mr. Hefferton joins Evert Brouwers, Retired Director General, The
Netherlands Government Information Services; Hon. Myra Freeman, ONS, Former
Lieutenant Governor, Province of Nova Scotia; Hartmutt Fromm, Senior Partner
and Co-Founder, Buse Herber Fromm; and Karen Prentice, QC, Member Alberta
Securities Commission.

    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; J. Richard Stolle, President and COO, Homburg
Invest Inc., 31-20-573-3855

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Homburg Invest Inc.

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