Homburg Invest provides clarification regarding Catalyst communications with its creditors

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, May 22, 2013 /CNW Telbec/ - Homburg Invest Inc. ("Homburg Invest" or the "Company") responded today to the advertisement published by The Catalyst Capital Group Inc., on behalf of Catalyst Fund Limited Partnership II and Catalyst Fund Limited Partnership IV ("Catalyst") in Dutch newspapers on May 16, 2013 and to the sending by Catalyst of certain materials to the bondholders of Homburg Invest on May 16, 2013 relating to the option for such bondholders to elect to receive a cash payment from Catalyst instead of the shares of a new corporate entity ("Newco") that they would otherwise receive under the Plan (the "Catalyst Option").

Homburg Invest wishes to clarify that neither the Advertisement nor the Mailing was prepared nor delivered in consultation with Homburg Invest, Samson Bélair/Deloitte & Touche Inc. in its capacity as Court-appointed monitor (the "Monitor"), or Stichting Homburg Bonds (the "Trustee").

Homburg Invest is concerned that the information contained in the Advertisement and the Mailing may be incomplete and require further clarification on material facts. Catalyst will send a letter to the bondholders of Homburg Invest to complete certain information and to refer the bondholders to the disclosure in the Court-approved information circular relating to the Plan (the "Circular") and the Monitor's Twenty-Third Report (the "Monitor's Report"). Bondholders of Homburg Invest can expect to receive this letter from Catalyst in the next few days.

The advertisement and the mailing also refer to meetings of the bondholders of Homburg Invest to be held on May 22, 2013 and May 23, 2013. The Company would like to clarify that these are merely information sessions presented by Catalyst and not formal meetings of the creditors of Homburg Invest.

Homburg Invest would like to remind its creditors that there are advantages and disadvantages to accepting the Catalyst Option or not doing so. The decision to elect or not to elect the Catalyst Option will need to be made by each bondholder taking into account its own circumstances and in light of the information contained in the Circular and the Report.

Proxies must be returned as directed in the Circular

The communications from Catalyst also provided for naming ATC Corporate Services (Netherlands) B.V. as a proxy, and included a return envelope to be used for submitting proxies to Nova Capital B.V. Creditors should be advised that neither Nova Capital B.V. nor ATC Corporate Services (Netherlands) B.V. are authorized to solicit proxies on behalf of Homburg Invest and neither has any role in the restructuring process. Creditors should only return their proxies as described in the package received by mail from Homburg Invest and the Monitor.

All creditors that have forwarded their proxy forms to ATC Corporate Services (Netherlands) B.V. or Nova Capital B.V. must complete a NEW proxy form. If you have already sent in your proxy form, please go to the Monitor's website and print a new proxy form, complete it and send it to the Monitor as set forth in the Circular and accompanying instruction letter on how to complete the proxy. If you have any questions or require any assistance, please communicate with the Company or the Monitor as soon as possible.

Where to find information approved by Homburg Invest

Homburg Invest strongly recommends its bondholders to refer to the Circular and the Monitor's Report, which have been sent to them by mail, and which can be found on the website of Monitor at http://www.deloitte.com/ca/homburg-invest. The Circular presents in an objective manner the risks and benefits of the Plan and the Catalyst Option. It has been prepared in consultation with the Trustee and Catalyst and the sending of the Circular has been approved by Homburg Invest, the Monitor, and the Court.

Where to find additional information

For additional information relating to the Plan, the official meetings of the creditors or any other questions relating to Homburg Invest's restructuring process, the Company invites its creditors to consult the online webcast of May 17, 2013 and the FAQ section which can be found on the Company's website at http://www.homburginvest.com/, as well as the website of Monitor at the address listed above. Additional relevant information can be found in the Monitor's reports, which are the periodic reports filed by the Monitor with the Canadian Court and posted on both websites. Furthermore, creditors are invited to communicate with the Monitor for any questions relating to the Plan or the restructuring of Homburg Invest at:

For creditors in Europe

Monitor of Homburg Invest Incorporated, et. al.
C/o Deloitte Financial Advisory Services B.V.
Antwoordnummer 45485
1040 WD Amsterdam
The Netherlands

For creditors in North America

Samson Bélair/Deloitte & Touche Inc.
Monitor of Homburg Invest Inc., et al.
1 Place Ville Marie, Suite 3000
Montréal, Québec
Canada H3B 4T9

About Homburg Invest
Homburg Invest owns a diversified portfolio of commercial real estate including office, retail, industrial and development properties throughout Canada, Europe and the United States.

Forward-Looking Statements
This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information or statements can be identified by use of forward-looking words such as "may", "will", "believe", "expect" or "intends" or the negative thereof or similar variations. The actual outcome of the events described using these statements could differ materially from that expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, the outcome of the ongoing restructuring process, delays in the CCAA proceedings, general economic and market factors, changes in government regulation and the factors described from time to time in the documents filed by Homburg Invest with the securities regulatory authorities in Canada. This cautionary statement qualifies all forward-looking statements attributable to Homburg Invest and persons acting on its behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press release and Homburg Invest disclaims any obligation to update such statements.

SOURCE: Homburg Invest

Media:

Canada
Caroline Martel
NATIONAL Public Relations
Tel.: [phone]
[email protected]

The Netherlands
Heleen Jansen
Cohn & Wolfe
Tel.: [phone]
[email protected]