euro adhoc: conwert Immobilien Invest SE / Buybacks / conwert Immobilien Invest SE announces modified share buyback programme: new maximum purchase price of EUR 13.00 per share (E)

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20.05.2008

conwert Immobilien Invest SE announces modified share buyback programme: new
maximum purchase price of EUR 13.00 per share

Vienna, 20.05.2008. The Administrative Board of conwert Immobilien Invest SE
approved a change in the terms of the current share buyback programme through a
written resolution on 19 May 2008: the purchase price is now defined with an
extended new price range of EUR 8.00 to EUR 13.00 for the purchase of conwert
shares (former EUR 8.00 to EUR 12.20). This change in the maximum purchase price
still reflects a roughly 20% discount to the current NAV, which demonstrates an
unchanged low priced opportunity to acquire conwert shares in particular for use
in the acquisition of companies and properties.

The terms of the amended share buyback programme are as follows:
+ Duration: 31.01.2008 to 30.06.2008 at the latest
+ Class of shares: Common shares
+ Planned volume: Up to 10% of issued capital, therefore a maximum of 8,535,927
common shares
+ Purchase price: EUR 8.00 to EUR 13.00 per share
+ Form of purchase: Over the Vienna Stock Exchange
+ Purpose: For the purpose permitted by § 65 (1) 8 of the Austrian Stock
Corporation Act, in particular for use in the acquisition of companies and
properties.

Any changes as well as the transactions carried out as part of the share buyback
programme will be announced on the website of conwert Immobilien Invest SE under
www.conwert.at in accordance with the Austrian Stock Corporation Act and the
relevant publication directive.

Further inquiry note:
conwert Immobilien Invest SE, Johann Kowar, Chairman of the Executive Board
T +43 / 1 / 521 45-200, E [email protected]
Peter Sidlo, Head of Investor Relations, T +43 / 1 / 521 45-250,
E [email protected]

end of announcement euro adhoc
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emitter: conwert Immobilien Invest SE
Albertgasse 35
A-1080 Wien
phone: 52145-0
FAX: 52145-111
mail: [email protected]
WWW: http://www.conwert.at
sector: Real Estate
ISIN: AT0000697750
indexes: WBI
stockmarkets: official dealing: Wiener Börse AG
language: English

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