euro adhoc: AvW Gruppe AG / other / AvW Group (E)

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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20.02.2007

The Austrian equity participation group AvW Management- Beteiligungs AG has
changed its name to AvW Gruppe AG [the "AvW Group"]. "This means that the
international aspect of our business will be more strongly emphasised in the
company name," says the Chairman of AvW’s Board of Management, Wolfgang Auer von
Welsbach. The aim of the AvW Group is to build up equity holdings in the long
term, including a takeover if the circumstances are right.
The Group includes the companies AvW INVEST AG (AVWI.VI) and AvW Immobilien
GmbH.

The most important equity holdings of the AvW Group are:
40 % in FGN Beteiligungs AG, based in Hamburg

24 % in Pankl Racing AG (PARS.DE)

11 % in Binder & CO AG (BIND.VI)

7 % in D+S europe AG (DSJG.DE)

3 % in RHI (RHIV.VI)

The most important equity interests held by AvW INVEST AG are:
75 % in the financial services provider Bürger & Service, based in Bregenz
40 % in the media company New Econ AG, based in Wiesbaden/Germany

10 % in the industrial enterprise Hirsch Servo AG (HISE.VI)

5 % in the Chinese financial services provider Cash F.S.Group (8122.HK)
The IT companies:

20 % S&T (SNTS.VI)

16 % Cancom (COKG.DE)

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