euro adhoc: ECO Business-Immobilien AG / Annual & Special Corporate Meetings / ECO Business-Immobilien AG - Annual General Meeting authorises share repurchase scheme and issue of convertible bonds (E)

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21.05.2008

ECO Business-Immobilien AG - Annual General Meeting authorises share repurchase
scheme and issue of convertible bonds

Vienna, 21 May 2008 - In the Fifth Annual General Meeting of ECO
Business-Immobilien AG held on 21 May 2008 the Management Board was authorised,
for a period of 18 (eighteen) months from the date of the relevant resolution of
the Annual General Meeting, to acquire the Company´s own shares up to the
maximum amount permitted by law. The consideration for such repurchase may be no
less than EUR 5,- per share, but no more than EUR 10,- per share.

The Management Board was further authorised to issue in one or more tranches,
within five years of the relevant resolution and without subscription rights,
convertible bonds carrying the right of conversion or subscription to 10,000,000
ordinary, bearer shares in the Company representing a proportionate interest in
the share capital of the Company of up to EUR 100,000,000. Further a conditional
capital for the underlying of any convertible bonds issued in accordance with
the aforementioned authorisation was resolved. Objections were made by
shareholders to both resolutions.

Auditor Treuhand GmbH, Wirtschaftsprüfungs- und Steuerberatungsgesellschaft were
appointed statutory auditors of the Company´s financial statements, and the
consolidated financial statements of the Group, for the financial year ending 31
December 2008. Resolutions concerning all other items on the Agenda on which
draft resolutions had been proposed were also passed as provided.

Further inquiry note:
ECO Business-Immobilien AG
Friedrich Scheck
CEO
Tel.: +43(1)535 21 99-12
mailto:[email protected]

Peter Pechar
Head of Investor Relations
Tel.: +43(1)535 21 99-35
mailto:[email protected]

Hochegger Financials
Roland Mayrl
Tel.: +43(1) 504 69 87-31
mailto:[email protected]

end of announcement euro adhoc
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emitter: ECO Business-Immobilien AG
Albertgasse 35
A-1080 Wien
phone: 535 21 99
FAX: 535 21 99-99
mail: [email protected]
WWW: www.eco-immo.at
sector: Real Estate
ISIN: AT0000617907
indexes: Prime.market
stockmarkets: Regulated free trade: Wiener Börse AG
language: English

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