EANS-Adhoc: conwert surpasses sales targets: in 2009, properties totalling EUR 350 million were sold with a double-digit profit margin

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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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12.01.2010

Vienna, 12.01.2010. conwert Immobilien Invest SE, listed on the Vienna Stock
Exchange, sold properties totalling more than EUR 350 million in the 2009
financial year based on preliminary figures. The sales target, which was raised
from an original EUR 200 million to EUR 300 million, was thus again exceeded
significantly. conwert generated high profits by selling the properties. Taking
into account the negative cash contribution resulting from the termination of a
joint venture in Germany, the IFRS margin amounted to roughly 10% on average and
the cash profit margin to approximately 15% based on acquisition cost. Without
this extraordinary transaction, conwert realised an IFRS profit margin of
roughly 13% and a cash profit margin of approximately 22%.

The good sales business was essentially influenced by the strong demand for
high-quality apartment buildings and freehold flats in Austria, where roughly
63% of the proceeds on the sale of properties were realised. Business also
developed clearly positively in Germany, where revenues exceeded the EUR 100
million mark for the first time.

Johann Kowar, Chairman of the Executive Board: "In the financial year 2009, we
were able to optimally use the strong demand for high-quality freehold flats and
apartment buildings. We clearly exceeded our sales targets and realised cash
earnings of roughly EUR 45 million." Johann Kowar expects the sales business to
remain strong in the financial year 2010. "Demand for top properties continues
unabated. Our sales pipeline is full, and we are confident to trade 10% of our
property portfolio again in 2010. We will re-invest the profits from the sales.
conwert will thus also be found on the buyer side this year."

end of ad-hoc-announcement
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This press release contains forward-looking estimates and statements that were
made on the basis of the information available at this time. Forward-looking
statements reflect the point of view at the time they are made. We would like to
point out that the actual circumstances and, consequently, the actual results
realised at a later date may differ from the forecasts presented in this report
for a variety of reasons.

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

Q-COM Financials
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

Digitale Pressemappe: http://www.ots.at/pressemappe/2908

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