EANS-Adhoc: conwert Immobilien Invest SE / conwert confirms negotiations with Wiener Privatbank SE and RESAG Immobilienmakler GmbH

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08.06.2011

Vienna, 08.06.2011. conwert Immobilien Invest SE, listed on the Vienna Stock
Exchange, confirms - due to differing and partially unclear media reports -
ongoing negotiations with Wiener Privatbank SE, which holds a 51% stake in RESAG
Immobilienmakler GmbH, and the brokerage company itself. The background of the
negotiations is an improvement of the conditions of contracts which were
concluded with the brokerage company in the year 2007. The possible improvement
of the contract conditions involves a significant savings potential for conwert,
which amounts to several million euros. Another part of the new strategy, which
provides for a more efficient, less costly and simplified management of the
residential property portfolio in Austria and Germany, is thus being
consistently implemented.

In contrast, the company denies rumours, according to which conwert had
cancelled the existing brokerage contracts and is working on the establishment
of a new brokerage organisation.

Further inquiry note:
conwert Immobilien Invest SE,
Mag. Peter Sidlo, Leiter Konzernkommunikation - Investor Relations,
T +43 / 1 / 521 45-250,
E [email protected]
end of announcement euro adhoc
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issuer: 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, ATX
stockmarkets: official market: Wien
language: English

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