EANS-Adhoc: ECO Business-Immobilien AG: Voluntary takeover offer by conwert Immobilien Invest SE was successful

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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.
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02.08.2010

Vienna, 2 August 2010. After the end of the first acceptance period for the
voluntary takeover offer by conwert Immobilien Invest SE on 30 July at 17:00
local time in Vienna, conwert confirmed in an ad hoc press release that the
offer was accepted by the holders of 21,236,065 ECO shares, i.e. approx. 62.3%
of all ECO shares admitted for trading on the Vienna Stock Exchange that were
not owned by the bidder or by a party acting in concert with the bidder at the
time of the takeover offer. The required acceptance threshold of 50% plus one
share has therefore been reached. 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 share capital).

The acceptance period will now be extended for a further three months in
accordance with § 19 (3) of the Austrian Takeover Act, ending 3 November 2010,
17:00 local time in Vienna. During this time the remaining shareholders can
decide to accept the offer and file a declaration of acceptance with their
depository bank.

conwert has received the approval of the Austrian and German cartel authorities
for the planned takeover of ECO Business-Immobilien AG. A key condition
precedent of the purchase agreement has consequently been fulfilled.

end of ad-hoc-announcement
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This announcement contains forward-looking assessments and statements that were
made on the basis of the information available to ECO Business-Immobilien AG at
the present time. Forward-looking statements are usually described by words such
as “expect", “estimate", “plan", “predict", “assume", “suppose", “should",
“could", etc. These statements reflect the viewpoint at the time they are made.
ECO notes that actual events, and therefore also actual results or outcomes, may
differ from the expectations presented in this announcement due to a wide
variety of factors.

Further inquiry note:
ECO Business-Immobilien AG
Wolfgang Gössweiner, Speaker of the Management Board / CFO

T       +43 1 580 88 0
M       +43 676 62 15 580
E       [email protected]

end of announcement euro adhoc
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issuer:   ECO Business-Immobilien AG
          Opernring 1
          A-1010 Wien
phone:    580 88
FAX:      580 88 - 88
mail:     [email protected]
WWW:      www.eco-immo.at
sector:   Real Estate
ISIN:     AT0000617907
indexes:  Prime Market

stockmarkets: Regulated free trade: Wien
language: English

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