euro adhoc: AvW INVEST AG / other / AvW increases share in Cancom to 15 per cent (E)

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In the first days of 2007, the Austrian company AvW Invest AG increased its share in the German IT specialist Cancom (COGK.DE) from previously 10 per cent to now 15 per cent. According to Wolfgang Auer von Welsbach, Chairman of the Board of Management, "this represents the starting point for further acquisitions in the IT sector".

In the current year, AvW Invest AG intends to spend some EUR 10 million on building up its existing investments and on securing further acquisitions in the IT sector. At present, the company’s investments in the IT sector total about EUR 26 million. "Our goal is to establish a leading position in the field of IT investments," says Mr. Auer von Welsbach.

Cancom is currently changing from a pure systems integrator to a provider of comprehensive IT solutions. As the largest shareholder, AvW expects that this positive development will also lead to increased profits in the IT services segment.

Dividend increased by 170 per cent

Due to 2006 being expected to be a record year for AvW Invest AG, Mr. Auer von Welsbach intends to effect a sizeable dividend increase. "We will propose a dividend increase from EUR 0.30 to EUR 0.80 at the Annual General Meeting. This corresponds to an increase of about 170 per cent. By raising our dividend, we allow our shareholders to participate in their company’s success."

AvW Invest AG expects the most significant and sustainable profits to be generated in the financial services sector, particularly in the area of derivatives. "As a traditional growth company, this enables us to significantly increase our dividend while at the same time maintaining a sufficient level of liquidity for new investments," says Mr. Auer von Welsbach.

The balance sheet figures for the 2006 financial year will be announced on March 27, 2007.

About AvW Invest AG:
AvW's shares are listed on the Vienna Stock Exchange on the ATX Prime Market(ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee,specialises in the fields of financial services, equity investments and real estate.

Further inquiry note:
Nicole Kahn
Investor Relations
Tel.: 04229/3621-25

end of announcement euro adhoc

emitter: AvW INVEST AG
Hauptstraße 118
A-9201 Krumpendorf
phone: +43(0)4229 3621
FAX: +43(0)4229 2386
ISIN: AT0000930409
stockmarkets: free trade: Frankfurter Wertpapierbörse, Baden-Württembergische Wertpapierbörse, official dealing: Wiener Börse AG sector: Financial & Business Services
language: English