EANS-Adhoc: ECO Business-Immobilien AG / Changes on the Management and Supervisory Boards

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14.09.2010

ECO Business-Immobilien AG: Changes on the Management and Supervisory Boards

Vienna, 14 September 2010. ECO Business-Immobilien AG (Vienna Stock Exchange /
Prime Market: ECO) is announcing changes on the Management Board and Supervisory
Board in connection with the successful takeover by conwert Immobilien Invest SE
and planned integration steps.

Wolfgang Gössweiner, Speaker of the Management Board and Chief Financial
Officer, has informed the ECO Supervisory Board that he will resign as of 30
September 2010. Alexander Schoeller, Chairman of the Supervisory Board, accepted
Mr. Gössweiner´s resignation and acknowledged his services on behalf of the
company: "As Speaker of the Management Board and Chief Financial Officer, Mr.
Gössweiner played a decisive role in the successful development of ECO, in both
times of growth and crisis. He provided key support for ECO from the very
beginning. His actions during the economic crisis were especially valuable, when
he consolidated and returned ECO to a successful course with enormous personal
commitment as well as his financial and real estate expertise. All that allowed
him to realise an extremely attractive takeover price for our shareholders. We
would like to thank Mr. Gössweiner for his dedication throughout the many
business and economic cycles, and wish him all the best for a successful
future".

The Supervisory Board appointed Elke Englert (43) to the Management Board of ECO
Business-Immobilien AG as of 1 October 2010. Ms. Englert has been an officer of
ECO Business-Immobilien AG since 2007 and will direct the company together with
Frank Brün, her colleague on the Management Board.

In connection with the planned full takeover of ECO by conwert, the size of the
Supervisory Board will be reduced. The following persons will resign from the
ECO Supervisory Board as of 1 October 2010, Alexander Schoeller (Chairman),
Franz Hörmann and Andreas Nittel. The Supervisory Board of ECO
Business-Immobilien AG will then consist of three persons: Johann Kowar
(Chairman), Thomas Rohr (Vice-Chairman) and Gottfried Johann Parizek (Member).

Further inquiry note:
ECO Business-Immobilien AG
Wolfgang Gössweiner, Speaker of the Management Board
Tel +43 1 580 88 0
E [email protected]

Metrum Communications
Roland Mayrl
Tel +43 1 504 69 87-331
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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