Rotterdam, 28 November 2006 – On November 27 2006, Rodamco Europe NV, the largest publicly listed property investment and management company in the retail sector in Europe, has been informed by ING Real Estate that the retail part of the Zlote Tarasy shopping center in Warsaw, Poland, will open on February 7, 2007. ING Real Estate additionally informed Rodamco Europe that at this stage it can not deliver to Rodamco Europe its 50% of the shares in the project due to the fact that ING Real Estate is not yet in possession of 100% of the shares in the Zlote Tarasy project.

Earlier, on November 13, 2006, Rodamco Europe announced uncertainties regarding the timing of the opening and delivery of the Zlote Tarasy project. Rodamco is currently studying its position and the consequences of this situation.