Article: Alexis Nihon Announces Completion of Going Private Transaction by Homburg

MONTREAL, QUEBEC--(CCNMatthews - May 24, 2007) - Alexis Nihon Real Estate Investment Trust ("Alexis Nihon") (TSX:AN.UN) announced today that, following the exchange of all of its issued and outstanding units (except for units held by Homburg Acquisition Inc. ("Homburg")) for special units ("Special Units"), Alexis Nihon has redeemed all of the Special Units at a price of $18.60 per Special Unit. Toronto Stock Exchange de-listed the Alexis Nihon units effective at the close of markets on May 23, 2007.

As disclosed in Homburg's take-over bid circular dated ...

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