euro adhoc: ECO Business-Immobilien AG / Restructuring & Recapitalisations / ECO Business-Immobilien AG plans capital increase (E)

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


ECO Business-Immobilien AG plans capital increase

Vienna, 31 May 2007. ECO Business-Immobilien AG, which is listed on the Prime Market of the Vienna Stock Exchange, plans to conduct a capital increase in the first half of 2007. The company will use the resolution passed at the Annual General Meeting on 22 May 2007 for an ordinary capital increase.

ECO Business-Immobilien AG intends to use the proceeds of the capital increase to finance its current acquisition pipeline of approximately EUR 800 million. In particular, over the next 12 to 18 months, the Company plans to make significant investments in the CEE-region, with a focus on the Ukraine, Romania and Bulgaria. ECO Business-Immobilien AG thus intends to use approximately half of the proceeds of the capital increase to finance investments in this region.

This release and its contents constitute neither an offer to sell nor a solicitation to buy any securities of ECO Business-Immobilien AG. A public offer by ECO Business-Immobilien AG has not yet taken place. Any securities orders received prior to the commencement of an offer period will be rejected. Any public offer of securities by ECO Business-Immobilien AG in Austria will be made solely by means and on the basis of a published prospectus approved by the Austrian Financial Market Authority.

Not for release, publication or distribution in the United States.

This press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States, Austria, Germany or any other jurisdiction. The shares of ECO Business-Immobilien AG (the "Shares") may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. ECO Business-Immobilien AG does not intend to register any portion of the offering in the United States or to conduct a public offering of Shares of ECO Business-Immobilien AG in the United States. No public offer of the Shares is intended to take place in Germany. It is therefore not intended to publish a securities prospectus in Germany.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged in only with, relevant per-sons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Not for release, publication or distribution in the United States.

Further inquiry note:
ECO Business-Immobilien AG, Friedrich Scheck, CEO, Tel +43 1 535 21 99, E

Hochegger|Financials, Roland Mayrl, Communication Advisor, Tel +43 1 504 69 87-31, E

end of announcement euro adhoc

emitter: ECO Business-Immobilien AG
Albertgasse 35
A-1080 Wien
phone: 535 21 99
FAX: 535 21 99-99
sector: Real Estate
ISIN: AT0000617907
stockmarkets: Regulated free trade: Wiener Börse AG
language: English