Homburg Invest Inc. announces declaration of semi-annual dividend of $0.24

    Shares issued: Class A - 142,808,653 Class B - 31,514,782

    HALIFAX, Aug. 3 /CNW/ - (TSX: HII.A & HII.B and AEX:HII)- Richard
Homburg, Chairman and CEO of Homburg Invest Inc. ("Homburg Invest") is pleased
to announce that at a meeting of the Board of Directors held August 2, 2007
the payment of the semi-annual dividend of $0.24 per share was approved. The
dividend will be payable on September 30, 2007 to holders of Class A
Subordinate Voting Shares and Class B Multiple Voting Shares at the close of
business on September 15, 2007.
    The Board of Directors of the Company has also determined that the price
of Class A Subordinate Voting Shares which may be purchased with cash
dividends, under the Company's Dividend Reinvestment Plan, with respect to
these dividend payments will be 97% of the market price as determined under
the Plan.
    All dividends paid by Homburg Invest are eligible dividends unless
indicated otherwise.

    Homburg, 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.

    The Toronto Stock Exchange has neither approved nor disapproved of the
    information contained herein.
    %SEDAR: 00013330E

For further information:

For further information: on this matter: Mr. Richard Homburg, Chairman
and CEO, (902) 468-3395; Mr. Michael Arnold, CA, Vice Chairman, (902)
566-1153; For information on Homburg Invest Inc., visit our website at

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Homburg Invest Inc.

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