EANS-Adhoc: conwert Immobilien Invest SE / Successful takeover: conwert now holds 87.2% in ECO Business-Immobilien AG

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02.08.2010

Successful takeover: conwert now holds 87.2% in ECO Business-Immobilien AG

Vienna, 02 August 2010. conwert Immobilien Invest SE, listed on the Vienna Stock
Exchange, successfully completed the acceptance period for the voluntary public
takeover offer for ECO Business-Immobilien AG on 30 July 2010. An overwhelming
majority of the ECO shareholders accepted the offer so that conwert now holds
87.2% in ECO.

By the end of the acceptance period, the offer was accepted for a total of
21,236,065 ECO shares (approx. 62.3% of the share capital). The minimum
acceptance threshold of more than 50% of the remaining ECO shares (i.e.
12,690,043 ECO shares) was thus exceeded by far. Taking into account the ECO
shares that conwert held prior to the takeover offer, conwert now owns
29,726,965 ECO shares (roughly 87.2% of the share capital). The other conditions
precedent have also been fulfilled; therefore the offer has been successful.

Johann Kowar, Chairman of the Executive Board of conwert Immobilien Invest SE:
"The excellent acceptance rate shows that our offer is highly attractive. The
acceptance of our offer was an important prerequisite to enhancing ECO´s value.
We will now implement this strategy consistently in the interest of all
shareholders."

For all owners of ECO shares who have not accepted the takeover offer to date,
the acceptance period of the public takeover offer will be extended by three
months in accordance with § 19 para. 3 ÜbG (Takeover Act). This extension will
therefore end on 3 November 2010, so that the takeover offer can still be
accepted up to and including 3 November 2010, 17:00, Vienna local time.

Further inquiry note:
conwert Immobilien Invest SE,

Elisabeth Klinger, Corporate Communications, 
T +43 / 1 / 521 45-280, 
E [email protected]

Metrum Communications GmbH, 
Roland Mayrl, 
T +43 / 1 / 504 69 87-331, 
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

stockmarkets: official market: Wien
language: English

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