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Dom Development S.A. Presentation of 1st Quarter 2008 Consolidated Results

Dom Development S.A. Presentation of 1st Quarter 2008 Consolidated Results. Agenda. 1 / Warsaw real estate market 2 / Sales and deliveries 3 / Financial results 4 / Projects under construction and in preparation. Warsaw real estate market. Evaluation of the Warsaw real estate market.

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Dom Development S.A. Presentation of 1st Quarter 2008 Consolidated Results

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  1. Dom Development S.A. Presentation of 1st Quarter 2008 Consolidated Results

  2. Agenda 1 / Warsaw real estate market 2 / Sales and deliveries 3 / Financial results 4 / Projects under construction and in preparation

  3. Warsaw real estate market

  4. Evaluation of the Warsaw real estate market 4

  5. Mortgage loans market – prospects of development Source: National Bank of Poland, Central Statistical Office, Rzeczpospolita 5

  6. Price increase dynamics in 1st Quarter 2008 • Flat prices continue to rise, although the uptrend is much less pronounced than last year. • The 3% increase in flat pricesin the 1st quarter 2008 is a sign of the future steadying of prices in the mature housing market. Source: redNet Property Consulting 6

  7. Sales and deliveries

  8. Flat sales and deliveries QUARTERLY SALES • The company has maintained a stable salesvolume in the current demanding market. • The sales volume is lower than expected because some clients are deferring their purchase decisions. QUARTERLY COMPLETIONS DELIVERED TO CLIENTS • The impressive number of flats delivered to clients in Q1 2008 constitutes a 21% share in the overall number of flats delivered in Warsaw during this period. 8

  9. Financial results

  10. Quarterly financial results Q1 2007 – Q1 2008 (PLNm) QUARTERLY PROFITS: QUARTERLY REVENUES: • Q1 2008/Q1 2007 – revenues increase of 9% . • Net profit in Q1 2008 was 21% higher than that of the same period in 2007. 10

  11. Quarterly margins (%) Q1 2007 – Q1 2008 QUARTERLY MARGINS: • Despite the cooling of the economic boom on the residential market, the company is still maintaining high levels of gross sales profit and net profit margin. 11

  12. Balance sheet data Q1 2007 – Q1 2008 (PLNm) 12

  13. Assets’ structure (PLNm) 1st quarter 2008 4th quarter 2007 INVENTORY INVENTORY 13

  14. Projects under construction and in preparation

  15. Projects – a wide scale • The company has completed projects comprising over 11,200 flats and houses so far. • At present, the Company is in the process of constructing over 2,800 flats and houses having a value of around PLN 1.7 billion. • Dom Development also has a further 7,652 flats and houses under preparation. The value of these projects amounts to approx PLN 3.6 billion. • Dom Development is also currently negotiating the purchase of land for a further 9,100 units. 15

  16. Controlled land/projects in preparation (as of 9 May 2008) 16

  17. Projects offered for sale (as of 9 May 2008) • As of • 31/03/2008 17

  18. Ewa Plichta Investor Relations Manager Tel.: +48 22 351 68 49 email: ewa.plichta@domdevelopment.com.pl Dom Development S.A. Investor relations http://domdevelopment.pl/relacje-inwestorskie.html?lang=english

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