XXI Century Investments Expects NAV Valuation of 1.4 bln

In a press release this morning, XXI Century Investments (XXIC LN: N/R) announced that it had commissioned Jones Lang LaSalle (JLL) to appraise its asset and project portfolios. The results of these appraisals will be stated in XXI Century’s financial results for 6M07.  Following its own review of its project portfolio, XXI Century expects the JLL appraisal to be about USD 1.4 bln, a 170% yoy increase over the company’s NAV at the end of 2006.  JLL’s appraisal will be released in mid-September, followed by the company’s 6M interim results.