euro adhoc: conwert Immobilien Invest SE / other / conwert: Friedrich Scheck resigns from the Executive Board (E)

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20.01.2009

conwert: Friedrich Scheck resigns from the Executive Board

Vienna, 20.01.2009. conwert Immobilien Invest SE (Vienna Stock Exchange: CWI,
Reuters: CONW.VI, Bloomberg: CWI AV) announces that Friedrich Scheck has
resigned as a member of the Executive Board effective today. As Chairman of the
Management Board, Friedrich Scheck will now concentrate exclusively on the
publicly traded ECO Business-Immobilien AG. He will retain his function as the
Managing Director of ECO Management GmbH.

In addition, conwert announces that the Administrative Board members Günter
Kerbler (Chairman) and Franz Zwickl (Vice-Chairman) will resign from the
Supervisory Board of ECO Business-Immobilien AG following the sixth annual
general meeting, which is scheduled for 20.05.2009.

The specialisation of conwert and ECO on individual segments of the property
market since their founding has proven to be very successful. The
above-mentioned changes will increase the focus of both companies on their core
segments of residential properties (conwert) and office and commercial
properties (ECO) in the current challenging market environment and also support
the principles of corporate governance.

Against the backdrop of an even clearer focus on its stated investment strategy,
conwert confirms that it does not plan to increase the current investment in ECO
Business-Immobilien AG (24.9%).

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

Hochegger|Financials, Roland Mayrl, T +43 / 1 / 504 69 87-31,
E [email protected]

end of announcement euro adhoc
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emitter: 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: Wiener Börse AG
language: English

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