Significant rise in rental income despite challenging market conditions

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Significantly higher rental income thanks to expansion (Tivona
integration and new openings)

Real Estate Segment rental income for the first six months of 2009
rose by CHF 15.6 million to CHF 96.5 million, 19.3% higher than the
prior year period.

This includes rental income from the Tivona properties as of full
integration per end of February 2009. During the period under review
the St. Gall Shopping Arena opened in March 2008 and Thônex (Geneva)
district shopping center opened in September 2008 contributed full
rental incomes for the first time.

Adjusted for these expansion effects, the comparable rise in rental
income as against the prior year period is 1.8%. Vacant floor areas
remained at a consistently low level. As before, roughly 5% of total
rental income is attributable to turnover-linked rentals.

Slightly lower retail turnovers in challenging market conditions

Due to rather challenging market conditions, Retail Segment turnover
(House of Brands, with unchanged sales floor areas, Geneva hotel
operations) amounting to CHF 80.8 million was 5.1% lower than the
very successful prior year period.

Overall turnover for the entire House of Brands (Jelmoli Zurich
shopping center) amounting to CHF 153 million, including third-party
tenants, declined slightly by 5.4% compared with the excellent prior
year level.

Rental income / retail turnover for the first half of 2009

+------------------------------------------------------------------+
| Key figures in million | 2009 | 2008 | Change from prior year |
| CHF | | | effective comparable |
|-------------------------------+------+---------------------------|
| Rental income | 96.5 | 80.9 | 19.3 % | 1.8 % | * |
| Real Estate Segment | | | | | |
|------------------------------------------------------------------|
| |
|------------------------------------------------------------------|
| Turnover | 80.8 | 85.1 | (5.1) % | (5.2) % | |
| Retail Segment | | | | | |
+------------------------------------------------------------------+

* St. Gall shopping arena opening per end of 1st quarter 2008
Geneva (Thônex) shopping center opening in 3rd quarter 2008
Full integration of Tivona per end of February 2009

Contact persons

Media: Dr. Daniel Gfeller, Secretary General
Tel. +41 (0)44 220 42 29 Fax +41 (0)44 220 40 10
Analysts: Markus Meier, CFO
Tel. +41 (0)44 220 47 80 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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