EANS-Adhoc: AvW Invest AG / AVW INVEST AG: YEAR OF CONSOLIDATION BEGINS WITH A DIFFICULT FIRST QUARTER

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12.05.2009

Following a suspected criminal case in the autumn of 2008, during the 2009
financial year AvW Invest AG has been focusing on consolidation in order to
return to its successful performance in the core business as soon as possible.
Against the backdrop of the difficulties on the international financial markets,
the results of the first quarter of 2009 reflect the difficult situation but
also the intensive efforts which are underway on behalf of investors.

Operating income declined to EUR 22,979 (Q1 2008: EUR 4.891 million), while
profit on ordinary activities (POA) declined to EUR -1.787 million (Q1 2008: EUR
2.866 million). Overall, the first quarter of 2009 closed with a net result of
EUR -1.609 million (Q1 2008: EUR 1.920 million)

EUR First quarter 2009 First quarter 2008

Sales revenues 166 4,847,586
Operating income 22,979 4,891,069
Profit on ordinary
activities (POA) -1,786,731 2,865,900
Net result -1.608.587 1,920,399
Balance sheet profit 2,288,289 26,648,981
Balance sheet total 25,866,988 67,271,227
Equity 17,305,427 53,120,651
Earnings/share -0.53 0.64

Notes regarding the table: Financial reporting has been prepared according to
IFRS. Due to the surrender of the WAG license in October 2008, classifications
pursuant to the Austrian Banking Act were not used. As a result,
the provisions of the Austrian Business Enterprise Code apply to the first
quarter of 2009. The values of the previous year´s quarter have been adjusted
accordingly.

Sales revenues declined from EUR 4.848 million to EUR 165.88 due to the removal
of the key segment of financial services. This segment was suspended after the
company voluntarily surrendered its WAG license at the end of October 2008 as a
result of a suspected case of breach of trust. In addition, the continued
financial crisis also made it necessary to apply significant write-downs in the
amount of EUR 1.453 million to financial assets.

During the 2009 financial year, AvW Invest AG has been placing its entire focus
on consolidation following the suspected breach of trust, as well as on a
gradual processing of its effects. In the equity participation area, AvW Invest
AG aims to utilise the volatile situation on financial markets to implement
further additions and adjustments to the portfolio on a step-by-step basis. In
addition to the areas industry and commodities, emphasis will again be placed on
the IT sector.

The complete shareholders´ report on the first quarter of 2009 can be found on
our website at www.avw.eu.

About AvW Invest AG:

AvW Invest AG (ISIN Number: AT0000930409, Reuters: AVWI.VI , XETRA Vienna:
AWS), with registered offices in Krumpendorf am Wörthersee, focuses on two
central business segments: equity participations and real estate. AvW shares are
listed in the Standard Market Auction segment of the Vienna Stock Exchange.

Further inquiry note:
AvW INVEST AG
Mag. Brigitte Burger
Tel.: 04229/3621-24
mailto:[email protected]

end of announcement euro adhoc
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emitter: AvW Invest AG
Hauptstraße 118
A-9201 Krumpendorf/Wörthersee
phone: +43(0)4229 3621
FAX: +43(0)4229 2386
mail: [email protected]
WWW: www.avw.eu
sector: Financial & Business Services
ISIN: AT0000930409
indexes: Standard Market Auction
stockmarkets: free trade: Frankfurt, Stuttgart, official dealing: Wien
language: English

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