SPARINVEST PROPERTY

Société d'Investissement à Capital Variable                   
                                69, route d'Esch                                
                               L-1470 Luxembourg                                
                          R.C.S. Luxembourg B-127 383                           

Notice is hereby given to the shareholders, that the                            
                             ANNUAL GENERAL MEETING                             
of shareholders of SPARINVEST PROPERTY (the “Fund”), will be held at the offices
of RBC Dexia Investor Services Bank S.A., 14 Porte de France , L-1460           
Esch-Sur-Alzette on April 6, 2010 at 2. 00 p.m., with the following agenda:     

Submission of the Reports of the Board of Directors and of the Independent      
Auditor                                                                         
Approval of the Statement of Net Assets and of the Statement of Changes in Net  
Assets for the period  ended as at December 31, 2009; allocation of the net     
results                                                                         
Discharge to the Directors                                                      
Statutory Appointments                                                          
Miscellaneous                                                                   

The shareholders are advised that no quorum is required for the items on the    
agenda of the Annual General Meeting and that decisions will be taken on a      
simple majority of the shares present or represented at the Meeting.            

If you cannot be personally present at the Meeting and want to be represented,  
please sign and date the enclosed proxy form and return it, at least 2 days     
before the Meeting, to SPARINVEST PROPERTY , 69, route d'Esch, L-1470           
Luxembourg, attention of Fund Corporate Services - Domiciliation (fax.+352 2460 
3331)                                                                           
If you want to attend the Meeting, please inform us by post, at least 5 days    
before the Meeting, at the address mentioned above.                             


					THE BOARD OF DIRECTORS