euro adhoc: ECO Business-Immobilien AG / other / ECO Business-Immobilien AG: changes in corporate bodies (E)

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

20.01.2009

ECO Business-Immobilien AG: changes in corporate bodies

Vienna, 20 January 2009. The publicly traded ECO Business-Immobilien AG
announces that Franz Zwickl has resigned as Chairman of the Supervisory Board
effective today. The new Chairman is Alexander Schoeller, who previously served
as Vice-Chairman of this body. Franz Zwickl will remain a member of the
Supervisory Board up to the sixth annual general meeting, which is scheduled for
20.05.2009. Following this annual general meeting, Franz Zwickl and Günter
Kerbler will resign from the Supervisory Board.

In addition, ECO announces that Friedrich Scheck has resigned as an Executive
Director of conwert Immobilien Invest SE effective today, 20.01.2009. As
Chairman of the Management Board, Friedrich Scheck will now concentrate
exclusively on the publicly traded ECO Business-Immobilien AG together with
Wolfgang Gössweiner, his colleague on the Board. He will retain his function as
the Managing Director of ECO Management GmbH.

The specialisation of ECO and conwert 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. In this connection, conwert has also
informed ECO that it does not plan to increase the current investment in ECO
Business-Immobilien AG (24.9%).

Further inquiry note:
ECO Business-Immobilien AG
Friedrich Scheck
Chairman of the Management Board
Tel.: +43(1)535 21 99-12
mailto:[email protected]

Peter Pechar
Head of Investor Relations
Tel.: +43(1)535 21 99-35
mailto:[email protected]

Hochegger Financials
Roland Mayrl
Tel.: +43(1) 504 69 87-31
mailto:[email protected]

end of announcement euro adhoc
--------------------------------------------------------------------------------

emitter: ECO Business-Immobilien AG
Albertgasse 35
A-1080 Wien
phone: 535 21 99
FAX: 535 21 99-99
mail: [email protected]
WWW: www.eco-immo.at
sector: Real Estate
ISIN: AT0000617907
indexes: Prime.market
stockmarkets: Regulated free trade: Wiener Börse AG
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print