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

correction to an 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

Rectification second paragraph: The offer price per share announced on 15 June 2010 was EUR 6.50.

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 6.50 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.

original announcement:
-------------------------------------------------------------------------------- keywords Mergers - Acquisitions - Takeovers

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

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.

Metrum Communications GmbH
Roland Mayrl
T +43 / 1 / 504 69 87-331
E r.mayrl@metrum.at

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

sector publicity of original announcement:
2010-07-01 08:17:03 - Bloomberg- sent

2010-07-01 08:17:03 - Bloomberg- sent

end of announcement euro adhoc

issuer: conwert Immobilien Invest SE Albertgasse 35 A-1080 Wien phone: 52145-0 FAX: 52145-111 mail: cw@conwert.at WWW: http://www.conwert.at sector: Real Estate

ISIN: AT0000697750
indexes: WBI
stockmarkets: official market: Wien
language: English

Rückfragen & Kontakt:

conwert Immobilien Invest SE
Peter Sidlo, Head of Corporate Communications - Investor Relations
T +43 / 1 / 521 45-250
E sidlo@conwert.at

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