EANS-Adhoc: conwert Immobilien Invest SE / Changes to conwert´s Administrative Board: Chairman Günter Kerbler resigns his mandate

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30.09.2010

Changes to conwert´s Administrative Board: Chairman Günter Kerbler resigns his
mandate

Vienna, September 30, 2010. conwert Immobilien Invest SE announced today that
Günter Kerbler, Chairman of the Administrative Board, will leave the
Administrative Board effective at the end of the Extraordinary General Meeting
to be held on October 11, 2010. Günter Kerbler is resigning his position on the
Administrative Board for personal reasons and of his own accord. However, Günter
Kerbler will continue to be available to serve the company in an advisory
capacity. The real estate and finance expert Franz Pruckner and Johannes Meran
have been nominated as candidates for election to the Administrative Board.

"A company such as conwert which has so successfully overcome the turbulences
affecting the business world in the last two years is well managed and rightly
positioned on the marketplace", said Administrative Board Chairman Günter
Kerbler. "We have continually increased our clout to meet the challenges of the
future. Today conwert features a strong management team and high caliber
employees, an absolutely top-notch real estate portfolio, which will enable a
further rise in earnings and value enhancement as well as a core shareholder
supporting the implementation of our growth strategy. It was not an easy
decision at all for me. However, after 30 years of work helping to build the
foundations for the company´s success, I believe it is now time to resign my
position on the Administrative Board with a clear conscience towards all
shareholders. I always planned to retire from all management and supervisory
functions in the company at the age of 55. I have full confidence in the ability
of my current colleagues on the Administrative Board and those who have to be
elected to successfully shape the future of conwert. I am pleased to have the
opportunity to serve as a consultant for individual projects should the need
arise", he added. Günter Kerbler will continue to be an indirect shareholder in
conwert by means of his investment in the consortium led by Petrus Advisers. "I
am looking forward to the new era and a good cooperation", Günter Kerbler
concluded.

The Administrative Board and Executive Board regretfully accepted the
resignation of Günter Kerbler. CEO Johann Kowar said: "We would like to thank
sincerely Günter Kerbler for his longstanding and extremely successfully work as
a member of the Executive Board, Member of the Supervisory Board and Chairman of
the Administrative Board. Under his leadership, the company succeeded in making
the transformation to an international and modern residential property group
which is optimally prepared for the future".

Johannes Meran and Franz Pruckner have been nominated as candidates for election
to the Administrative Board at the Extraordinary General Meeting scheduled for
October 11, 2010. Johannes Meran is a founding partner of Petrus Advisers LLP.
Franz Pruckner is Chairman of the Management Board of the bank Sparkasse
Waldviertel-Mitte Bank AG.

Detailed information on the upcoming shareholders´ meeting including the resumes
of the proposed candidates to the Administrative Board are available on the
Website www.conwert.at.

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
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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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