Turnover and rental income up again over prior year

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Marked rise in Jelmoli mid-year turnover, both per comparable sales
floor area and absolute

Jelmoli Zurich turnover (including Specialty Businesses) for the
first half-year 2008 was 2.5% higher than in 2007 per comparable
sales floor area. Two closures due to unprofitability were more than
offset by the successful new openings of two Molino restaurants in
Geneva (Lacustre) and Zermatt (Seilerhaus).

Including the hotel operations taken over in Zermatt (Seiler
acquisition) and Geneva, mid-year turnover rose overall by 30% to CHF
145.2 million.

Overall turnover of the Jelmoli Zurich shopping gallery (including
external tenants) is markedly higher than per mid-year 2007 (+4.1%).

The remaining Fundgrube Bonne Occase Ltd stores will be successively
closed by mid 2009 due to unsatisfactory profitability and a
long-standing decline in turnover.

Following the sale of Fust to Coop, the relative turnover figures are
no longer reported in detail but summarized under "discontinued
business operations" for prior year.

Higher rental income
About one third of the increase in rental income is attributable to
the St. Gall shopping arena opened in March this year. The new Coop
Hypermarket opening was delayed until June due to a pending decision
by the Swiss Competition Commission.

Including additional contributions from the Seiler Group acquisition
in November 2007 and the Sihlstrasse Zurich property reopening in the
second quarter 2007, rental income per mid-year rose absolute by
19.3% or CHF 14.2 million to CHF 87.4 million.

Thanks to optimization of existing sales floor areas, above all at
the large properties in Geneva, rental income per comparable sales
floor area also rose significantly by 3.7%.

Ongoing rise in operating income
All Jelmoli Group business units are progressing well. Operating
income and net profit continue to benefit this year from the
optimized cost basis. Furthermore, real estate development gains are
expected in connection with the newly opened St. Gall shopping arena
and associated market value assessment.

Turnover / rental income details per mid-year 2008

Key figures (million 2008 2007 Change from prior
CHF) year
nonadjusted
comparable
Turnover
Jelmoli Zurich 145.2 111.7 + 30.0 % + 2.5 % 1)
(including Specialty
Businesses)
Dipl. Ing. Fust / - 420.1 2)
netto24
(sold per 30.11.07)

Rental income (total including own rentals)
Jelmoli Group 87.4 73.2 + 19.3 % + 3.7 % 3)

1) Closures: Fundgrube store in Uster and Molino restaurant in Brig.
New Molino restaurant openings in Zermatt (Seilerhaus) and Geneva
(Lacustre).
Hotel operations in Zermatt (Seiler acquisition per beginning of
November 2007) and Geneva.

2) Sale of Dipl.Ing.Fust AG and netto24 AG to Coop per end of
November 2007.
Turnover figures no longer reported in detail but summarized for
January to June 2007 under "discontinued business operations".

3) St. Gall shopping arena opening in 1st quarter 2008.
Sihlstrasse property reopening in 2nd quarter 2007.
Seiler Hotels acquisition per beginning of November 2007

Contact persons

Media: Dr. Daniel Gfeller, Secretary General
Tel. +41 (0)44 220 42 29 Fax +41 (0)44 220 40 10
Internet: www.jelmoliholding.ch / www.huginonline.ch/JEL
WAP-mobile: wap.huginonline.com (Press Releases Jelmoli)
E-mail: info@jelmoliholding.ch

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WKN: 851225; ISIN: CH0000668464; Index: SMCI, SPI, SPIEX;
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