euro adhoc: Meinl European Land Limited / Financing, Stock Offerings / Meinl European Land: Bond Increase within 50 Mio. Euro nominal value (E)

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

Vienna, 12th January 2004

Meinl European Land issues a new Fixed-/Floater-Bond

Meinl European Land has just issued a new bond due 2013 with a total nominal value 50 Mio. Euro, split into two tranches: tranche A with a 6%-fixed interest rate and tranche B with a floating interest rate. The floating interest rate for the tranche B has been set at 5,5 % in the first year, thereafter it will be determined as a SWAP 10Y Euro.

A first block of these bonds, also with a total value of 50 Mio. Euro was issued originally in July 2003. In total Meinl European Land placed 300 bonds of tranche A and 700 bonds of tranche B with a nominal value of 50.000 Euro per bond. Since December 2003 these bonds are listed in the First Market Segment ("Amtlicher Handel") of the Vienna Stock Exchange.

Meinl European Land now issues up to 1.000 new bonds of tranche A and tranche B, to be placed with institutional investors. Bonds of this and the previous issue will be consolidated into one single issue of tranche A bonds and tranche B bonds and the total nominal value of the Bonds will be increased accordingly up to 100 Mio. Euro. These bonds will also be listed in the "Amtlicher Handel" after having been placed successfully.

This additional debt capital will be used for the acquisition of new long-term-leased retail real estate and will drive Meinl European Land’s expansion also in 2004. For this year, Meinl European Land plans to enter into new local markets: several projects in the Slovak Republic and in Rumania are under analysis at the moment.

The bond increase follows two capital increases last year that were successfully closed and which increased the equity up to 65 Mio. Euro.

Further inquiry note:
ECC Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107

Emittent: Meinl European Land Limited 47. The Esplanade UK-JE1OBD St. Helier WWW: ISIN: AT0000660659

end of announcement euro adhoc

Indizes: Standard Market Auction
Börsen: official dealing Wiener Börse AG
Branche: Real Estate
Sprache: Englisch