Rise in turnover and rental income despite market downturn

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Higher turnover in all Jelmoli Group segments

Despite increasingly difficult market conditions, Jelmoli Retail
Trade (House of Brands, Geneva hotel) recorded a 1.5% rise in overall
annual turnover as of the fourth quarter 2008 per unchanged floor
area.

Overall turnover of the House of Brands (Jelmoli Zurich shopping
center including third-party tenants) was again considerably higher
(+2.2%) than the excellent prior year level.

Jelmoli specialty businesses (Molino, Seiler, Beach Mountain, Fashion
Bazaars) closed the year with 51.9% higher turnover.

This steep rise is attributable to the Seiler Group hotel operations,
included for the first time in the annual accounts, and to the three
profitable new Molino Restaurant openings in Geneva (Lacustre,
Thônex) and Zermatt. Comparable turnover for the year, adjusted for
expansion and restructuring, rose by 2.2%.

Moreover the phased closure of all Jelmoli Fashion Bazaar stores,
completed per year-end, again brought significantly higher
liquidation proceeds.

Higher rental income thanks to new openings
Jelmoli Real Estate (Swiss real estate portfolio not including
Seiler Hotels) rental income for the year rose overall by 13.1% to
CHF 172.3 million.

About two thirds of this rental income increase is attributable to
the St. Gall Shopping Arena opened in March 2008 (main tenant Coop
not until June pending decision by antitrust commission).

The district shopping center in Thônex (Geneva) was likewise opened
as planned in September 2008.

Adjusted for expansion effects and additional rental income from the
Sihlstrasse Zurich property (re-opened in the 2nd quarter 2007), the
comparative rise is still significant at 3.5%.

This rise is also attributable in the main to higher turnover-linked
rentals.

Third-party rental income among the specialty businesses likewise
rose substantially due to the first-time inclusion of Seiler Group
hotel operations in the annual accounts.

Contact persons

Media: Daniel Gfeller, Secretary General
Tel. +41 (0)44 220 42 29 Fax +41 (0)44 220 40 10
Analysts: Roland Walder, CFO
Tel. +41 (0)44 220 44 26 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

Details of Jelmoli Group turnover and rental income 2008

Key figures 2008 2007 Change from prior year
in million CHF nonadjusted comparable
Turnover
Jelmoli 180.3 177.7 +1.5 %
(House of Brands,
Hotel Geneva)
Speciality businesses 121.4 79.9 +51.9 % +2.2 % 1)
(Molino/BeachMountain/
Seiler/Fashion Bazaars)

Rental income (total including own rentals)
Jelmoli Group 172.3 152.4 +13.1 % +3.5 % 2)
Speciality businesses 5.3 0.9 3)

1) New Molino Restaurant openings in Zermatt (Seiler building) and
Geneva (Lacustre and Thônex)
Molino Restaurant closure in Brig (May 2007)
Hotel operations in Zermatt (Seiler acquisition per beginning of
November 2007)
Closure of all Fashion Bazaars during 2008

2) St. Gall Shopping Arena opening per end of 1st quarter 2008
Geneva (Thônex) shopping center opening in 3rd quarter 2008
Sihlstrasse Zurich property re-opening in 2nd quarter 2007
Sale of two small properties (Orbe and Vallorbe) per 2nd quarter
2008.

3) Seiler Hotel Group acquisition per beginning of November 2007

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