Amsterdam, 4 February 2008 – Today, international investment company Kardan N.V. (Kardan) will host a meeting for analysts and investors in Tel Aviv, Israel to provide an update on its subsidiary Kardan Financial Services (KFS) and more specifically on its banking, retail lending and asset management activities, TBIF Financial Services Group (TBIF).

KFS is a banking and insurance group, active in 13 countries in Central and Eastern Europe and CIS with over 30 investments. The group has a loan portfolio exceeding EUR 1.3 billion, annual insurance premiums (pro-forma) of EUR 360 million, over 1.6 million members in its pension funds and assets under management of more than EUR 700 million. KFS countries of operation cover a population exceeding 300 million which is reached through a vast distribution network comprising circa 9,000 branches and points of sale with over 10,000 employees.

Kardan believes that KFS is well positioned to capitalize on the strong growth opportunities of the financial services sector in the region.

KFS is the holding company of TBIF Financial Services B.V. (TBIF) and TBIH Financial Services Group N.V. (TBIH). Kardan holds a direct stake of 80% in KFS, which in turn holds 90.38% and 40% in TBIF and TBIH respectively. TBIF is a leading retail financial services provider (banking, consumer finance, leasing, mortgages and asset management) active in Russia, Ukraine, Romania and Bulgaria. TBIH is a leading provider of insurance and pension services in several CEE and CIS countries. TBIH is jointly controlled by Kardan and Wiener Städtische Versicherung AG Vienna Insurance Group.

The presentations will be available under the investor relations tab/investor presentations on the corporate website of Kardan: www.kardan.com.

Kardan is an international investment company based in Amsterdam with a focus on three sectors: Real Estate, Financial Services and Infrastructure. The company is primarily active in emerging markets in Central and Eastern Europe and China, where it conducts most of its activities.

Kardan holds controlling interests in its main businesses and is actively involved in the definition and implementation of their strategy. Kardan has a consistent track record of creating long-term shareholder value through active management of investments in the group companies and by leveraging on its business experience, financial resources and local and international network.

Total assets per December 31, 2006 amounted to EUR 2.2 billion, with revenues of EUR 588 million. The number of employees engaged by the group is approximately 7,980 as of December 31, 2006. Kardan is listed on Euronext Amsterdam and the Tel-Aviv Stock Exchange.

Citigate First Financial           phone +31 (0)20 575 40 10

Claire Verhagen                         mobile +31(0)6 50 51 63 25

Uneke Dekkers                           mobile +31 (0)6 50 26 16 26

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