IMMOEAST AG / Half Year Results / Excellent Results in First Half Year of 2006/07

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Wien (euro adhoc) - 14.12.2006

IMMOEAST AG - Revenues more than doubled in first half year of 2006/07

. EBIT increases by 138.1% to 112.6 million Euro
. Real estate assets already total 6.47 billion Euro
. 90% of 2006/07 investment programme totalling 5 billion Euro already
realised

IMMOEAST achieved outstanding results in the first half year (May 1 to October
31, 2006) of 2006/07. Operating profit (EBIT) rose by 138.1% to 112.6 million
Euro compared to the same period in the previous year. Earnings before tax
climbed to 134.8 million Euro (plus 103.6%). Revenues nearly tripled with an
increase of 186.5% from 27.4 million Euro to 78.5 million Euro. Equity rose by
195.5% to 4.44 billion Euro, particularly due to the capital increase for 2.75
billion Euro in June 2006.

Growth in real estate assets was equally strong. The number of properties rose
by 174.2% to 244. Useable space nearly tripled to 3.35 million m². The equity
ratio fell to 76.6% as of the end of October due to the strong development in
real estate assets and thereby neared its target of 55%. By the end of the
business year on April 30, 2007 this target will be achieved as a result of
further investments.

In the first half year of 2006/07, extensive investments were carried out which
are either already reflected in the balance sheet or committed in the form of
forward purchases, development projects or the acquisition of shareholdings in
joint ventures. Including committed investments, real estate assets rose by
357.3% to 5.30 billion Euro. After the reporting period, real estate assets
increased as a result of further investments in the amount of 1.17 billion Euro
to the current 6.47 billion Euro. An average of approx. 650 million Euro was
invested per month. Karl Petrikovics, CEO, announced that the target of
accumulating 7 billion Euro in real estate assets by the end of the business
year is likely to be met or exceeded.

INVESTOR RELATIONS INFORMATION

. PRESS RELEASE available at 10:00 a.m. CET:

http://www.immoeast.at/english/05news/press.htm

. REPORT ON THE FIRST HALF YEAR as of 31 October 2006:

http://www.immoeast.at/english/02ir/berichte.htm

Further inquiry note:
MMag. Dr. Karl Petrikovics
Vorstandsvorsitzender der IMMOEAST AG
Tel.: +43 1 536 16-400
mailto:[email protected]

end of announcement euro adhoc 14.12.2006 07:30:00
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emitter: IMMOEAST AG
Bankgasse 2
A-1010 Wien
phone: +43 1 532 87 60
FAX: +43 1 532 87 60-760
mail: [email protected]
WWW: www.immoeast.at
ISIN: AT0000642806
indexes: ATX Prime
stockmarkets: official market: Wiener Börse AG
sector: Real Estate
language: English

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