EANS-Adhoc: C-QUADRAT Investment AG / Buyback program of own shares

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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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28.03.2011

Vienna / Frankfurt, 28 March 2011. At the extraordinary Shareholders´ Meeting of
C-QUADRAT Investment AG, held on 11 December 2008, the Management Board of the
Company was authorised, in accordance with Art 65 para 1 sect 8 of the Austrian
Joint Stock Corporation Act (Aktiengesetz, AktG), to acquire own non-par value
bearer shares in the Company up to an extent of 10 percent of the current share
capital of C-QUADRAT Investment AG within 30 months from the date of the
resolution of the shareholders for a price of between EUR 1 minimum and EUR 40
maximum per single share. The Management Board of C-QUADRAT Investment AG
resolved to acquire shares in the Company in accordance with this authorisation
as follows:

Details on the share buyback program pursuant to Art 5 para 2 of the Austrian
Disclosure Regulation 2002 (Veröffentlichungsverordnung):

1. The resolution of authorising the share buyback program was approved by the
Shareholders´ Meeting dated 11 December 2008.

2. The resolution of authorising the share buyback program was published in
accordance with Art 82 para 8 and 9 of the Austrian Stock Exchange Act
(Börsegesetz, BörseG) on 11 December 2008.

3. The share buyback program commences on 1 April 2011 and is anticipated to
continue until (including) 10 June 2011.

4. The share buyback program concerns non-par value bearer shares of C-QUADRAT
Investment AG (ISIN AT0000613005).

5. The current share capital of the Company amounts to EUR 4,363,200 and is
divided into 4,363,200 shares at a par value of EUR 1. The intended volume of
the repurchase of the Company´s own shares includes to purchase up to 100,000
non-par value bearer shares - corresponding to 2.3 % (in rounded terms) of the
current share capital - on the Vienna Stock Exchange and/or the Frankfurt Stock
Exchange.

6. According to the resolution of the Shareholders´ Meeting the counter-value at
the respective date of acquisition has to be within a range of EUR 1 minimum and
EUR 40 maximum per single share.

7. The main purpose of the share buyback program is the possible use of own
shares for future acquisitions. Furthermore, the Management Board may use the
own shares to issue shares to employees, management staff or members of the
Management Board of C-QUADRAT Investment AG or an associated company within the
framework of a present or possible future employee share option program.
Furthermore, the Management Board is entitled to withdraw the repurchased own
shares. In addition, the Management Board is authorised to purchase own shares
for any other legal purpose and to withdraw purchased shares without any further
resolution passed by the general shareholders´ meeting. Trading with own shares
for profit purposes is excluded.

8. The share buyback program is implemented in accordance with the provisions
laid down in the Commission Regulation no. 2273/2003 of 22 December 2003, OJ
L336/33 of 23 December 2003 (the "Regulation"), where applicable including a
credit institution pursuant to Art. 6 (3) Sec. b of the Regulation. The
Management Board points out pursuant to Art. 5 (3) of the Regulation that the
limit of 25 % of the average daily volume of shares pursuant to Art. 5 (2) of
the Regulation may be exceeded within the scope of the share buyback program.

9. The share buyback program will not have an effect on the stock market listing
of C-QUADRAT Investment AG.

10. C-QUADRAT Investment AG resolved a stock option program in 2007. The
following persons are entitled to participate in this stock option program: (i)
specific management staff selected by the Management Board (ii) Management Board
members of C-QUADRAT Investment AG, C-QUADRAT Kapitalanlage AG, the Supervisory
Board chairman of C-QUADRAT Kapitalanlage AG and the Management Board members of
C-QUADRAT Deutschland AG and (iii) Supervisory Board members of C-QUADRAT
Investment AG. To date, none of the entitled persons has participated in this
stock option program. Accordingly, nor has the Company granted any stock options
to date. In case of their participation, the entitled persons are eligible to
receive the following stock options within the framework of the stock option
program:

Supervisory Board chairman:        40,000
Deputy Supervisory Board chairman:  1,500
Supervisory Board member:           1,000
Management Board member:            5,000
Management staff:                   1,000

One stock option confers the right to purchase one item of C-QUADRAT Investment

AG stock. The exercise price for the purchase of stock within the scope of the
stock options amounts to EUR 75 per share. In 2007 the Company also resolved a
conditional capital increase of up to 10 % of the share capital for the grant of
stock options under the Company´s stock option program.

C-QUADRAT Investment AG intends to fulfill its disclosure obligations pursuant
to Art 6 and 7 of the Austrian Disclosure Regulation 2002 by publishing the
relevant information on the website of the Company www.c-quadrat.at.

Further inquiry note:
Mag. Andreas Wimmer
Vorstand
C-QUADRAT Investment AG
Stubenring 2
A-1010 Wien
Tel.: +43 1 515 66 316
Mail: [email protected]
www.c-quadrat.com
end of announcement euro adhoc
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issuer:      C-QUADRAT Investment AG
             Stubenring 2
             A-1010 Wien
phone:       +43 1 515 66-0
FAX:         +43 1 515 66-159
mail:        [email protected]
WWW:         www.c-quadrat.at
sector:      Financial & Business Services
ISIN:        AT0000613005
indexes:     Standard Market Auction

stockmarkets: official market: Frankfurt, Wien
language: English

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