EANS-Adhoc: conwert Immobilien Invest SE / Voluntary public takeover offer for ECO Business-Immobilien AG: offer price is increased to EUR 7.15 per ECO share - acceptance period runs from 2 July to 30 July 2010

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

01.07.2010

Voluntary public takeover offer for ECO Business-Immobilien AG: offer price is
increased to EUR 7.15 per ECO share - acceptance period runs from 2 July to 30
July 2010

Vienna, 01.07.2010. On 15 June 2010, conwert Immobilien Invest SE, which is
listed on the Vienna Stock Exchange, announced its intention to submit a
voluntary public takeover offer to the other shareholders of ECO
Business-Immobilien AG. The offer document will now be published on Friday, 2
July 2010. The acceptance period for the offer will run from 2 July until 30
July 2010, 17:00 (Vienna local time).

The offer price of EUR 6.15 per share announced on 15 June 2010 was increased
and now amounts to EUR 7.15 per no par value share of ECO Business-Immobilien
AG. The price offered by conwert thus exceeds the average volume weighted price
of the ECO share in the last twelve months prior to the announcement of the
takeover offer by 60.7%, and the average volume weighted share price of the last
six months prior to the announcement of the takeover offer by 47.4%.

Johann Kowar, Chairman of the Executive Board of conwert Immobilien Invest SE:
"In the run-up to the commencement of the offer, we had further discussions with
the ECO management and several contacts with institutional ECO investors. To
accomplish the highest possible acceptance rate, we have decided to increase the
offer price to EUR 7.15 per share. We are thus offering all ECO shareholders an
excellent price while at the same time ensuring further value growth potential
for conwert."

conwert definitively (and thus legally binding) rules out a further increase of
the offer price. The minimum acceptance rate of the offer remains unchanged at
50% + 1 share of the ECO shares held by the free float. If the offer is accepted
completely, the maximum transaction volume amounts to approx. EUR 185.5 million.

The offer document will be available at www.conwert.at, www.eco-immo.at and
www.takeover.at as of 2 July 2010. During the acceptance period, ECO
shareholders can submit their shares to the offer free of charges and fees
through their depository bank.

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

Metrum Communications GmbH
Roland Mayrl
T +43 / 1 / 504 69 87-331
E [email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

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
stockmarkets: official market: Wien
language: English

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

print