Trading Update

RNS Number:7149K
Direct Wonen N.V.
28 December 2007



Immediate Release                                               28 December 2007

                               DIRECT WONEN N.V.
                        ('Direct Wonen' or the 'Group')

                                  Trading Update

In our Interim Statement released on 28 September 2007, we reported that we
anticipated announcing a significant acquisition shortly. Following extensive
due diligence and as a result of deteriorating market conditions in the UK
property market in which the target company operates, the Board has decided to
terminate discussions with regard to this acquisition.

Since our Interim Statement, the trading environment has deteriorated in
Financial Services and New Build Property Sales whilst remaining firmly on track
in Property Lettings.

Within Property Services (Sales), sales growth of new properties has
significantly slowed down in the second half. Due to a decreasing supply of
suitable residential projects on the market, as reported in our interim
statement, negotiations with developers are becoming even more protracted,
making it more difficult to close high margin, high quality transactions. In
addition, we have experienced further delays to the start date for the building
of a major project, to the sale of which we were committed . In view of these
circumstances, management has decided to sell this project to a third party
thereby securing revenues but at lower margins.

The performance of the Financial Services Division continues to be
disappointing. Market activity in residential property has worsened with fewer
transactions in the second half. The higher interest rate environment, also
reported in our interim statement, and the uncertainties arising from tighter
bank lending since then, together with the effect of the situation on the US and
UK housing market, have caused a general market decline. In the nine months
ended 30 September 2007, the mortgage market has declined by 16.7%. There has
also been an increasing trend towards interest only mortgages, which are a lower
margin product. Direct Hypotheken has especially suffered from these challenging
market conditions, as a newly established brand, with a consequential effect on
the sales performance of related insurance and endowment products.

As a result of the deteriorating market conditions experienced within Financial
Services, together with higher than anticipated costs and the challenges we are
facing in New Property sales, the Board anticipates that the outcome for the
full year will be significantly below market expectations. We anticipate that
(EBITA) will be in the range of Euro 14 million to Euro 16 million.

Market conditions are expected to remain challenging. The Board is therefore
focused on strengthening the core on-line offering in Property Lettings and
Financial Services and to increase the size of our database to maximise
cross-selling opportunities, while at the same time keeping tight control over
costs. Despite the challenges that we have faced during 2007, which has been a
year of transition to a listed company and a year of integration of
acquisitions, the Board is more confident about future prospects.

There remains a healthy pipeline of acquisition opportunities in our core
property lettings and financial services offering. The Board continues to review
these opportunities with a focus on smaller acquisitions within the framework of
the existing business model and in line with our growth strategy.

The Company is expected to announce Preliminary Results for the year ending 31
December 2007 on 4 April 2008.

For more information please contact:

Direct Wonen                              Tel [phone]

Irma de Jong                              [e-mail]
www.directwonencorporate.com

Hill and Knowlton Nederland               Tel [phone]
Edwin van Wijk                            [e-mail]
www.hillandknowlton.nl

Buchanan Communications                   Tel [phone]
Richard Darby, Tel [phone]          [e-mail]
Nicola Cronk, Tel  [phone]          [e-mail]
www.buchanan.uk.com






About Direct Wonen

Direct Wonen is a non traditional residential property and financial services
intermediary based in The Netherlands

The Direct Wonen group of companies operates two complementary business lines:

  -    private residential property lettings and new property sales
  -    financial services intermediary promoting mortgages, consumer loans,
       insurance and savings products

Both business lines utilise Direct Wonen's database of individuals looking for
housing, landlords and property developers. In 2006 www.directwonen.nl had a
total of approximately 700.000 registered users and approximately 2.4 million
unique visitors. The Direct Wonen group of companies has a network of 26
regional offices.

Direct Wonen was formed in 1990 and has been listed on AIM of the London Stock
Exchange since 1 May 2007.



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