EANS-Adhoc: conwert Immobilien Invest SE starts share buyback programme

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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10.12.2009

Vienna, 10.12.2009. At the Annual General Meeting of conwert Immobilien Invest
SE on 26 May 2009, the Administrative Board was authorised to purchase treasury
shares up to the legally defined maximum in accordance with § 65 para. 1 (8) and
para. 1a and 1b of the Austrian Stock Corporation Act for a period of 30 months
beginning on the date the resolution is passed, at a minimum value of EUR 1.00
and a maximum value of EUR 10.00 per share. The resolution was published on the
website www.conwert.at on 26 May 2009.

conwert acquired a total of 4,268,461 common shares or 4.999% of the issued
capital in two previous share buyback programmes (31.01.2008 to 30.06.2008 and
29.08.2008 to 25.04.2009).

The Administrative Board of the company thus exercises the authorisation granted
at the Annual General Meeting held on 26 May 2009 and adopts the following third
share buyback programme:

+ Duration:         16.12.2009 to 30.06.2010 at the latest

+ Class of shares:  Common shares

+ Planned volume:   up to 5.001% of issued capital, therefore
                    a maximum of 4,267,466 common shares

+ Purchase price:   EUR 1.00 to EUR 10.00 per share

+ Form of purchase: over the Stock Exchange

+ Purpose:          for the purpose permitted by § 65 para. 1 (8) of the
                                                                                
   Austrian Stock Corporation Act, in particular for the 
                                                                                
   use in the acquisition of companies and properties

The Administrative Board adopted a further share buyback programme because the
current share price is roughly 45% below the share´s net asset value (NAV) and
provides a good opportunity to buy own shares to use them, amongst other things,
for later acquisitions.

Any changes as well as the transactions carried out as part of the share buyback
programme will be published on the website of conwert Immobilien SE under
www.conwert.at in accordance with the Austrian Stock Exchange Act and the
publication directive 2002.

Further inquiry note:
conwert Immobilien Invest SE
Peter Sidlo, Head of Corporate Communications
T +43 / 1 / 521 45-250
E [email protected]

Q-COM Financial Relations GmbH
Roland Mayrl
T +43 / 1 / 504 69 87-331
E [email protected]
end of announcement euro adhoc
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issuer: 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: Wien
language: English

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