euro adhoc: Warimpex Finanz- und Beteiligungs AG / Joint Ventures/Cooperation/Collaboration / CA Immo International buys into Warimpex development project Airportcity St. Petersburg

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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26.11.2007

• Warimpex sells 25% of its shares in the project company
• Foundation laid for further airport projects in Russia
• Decisive impact on results for the fourth quarter of 2007

Warimpex Finanz- und Beteiligungs AG has sold 25% of its shares in
the project company that is developing the Airportcity project
together with St. Petersburg Airport to the CA Immo International
project development fund CA Immo New Europe for EUR 30m. At the end
of September Warimpex was granted building permission for the first
phase of development, which made the project attractive to investors
whose value-added process commences with the start of construction
work on a project.

Until now Warimpex held an 85% stake in the joint venture with St.
Petersburg Airport.

The Airportcity St. Petersburg is projected as a business park, which
when finally completed will comprise a 300-room four-star hotel
besides office buildings with a net floor space of approx. 90,000
sqm. The opening of the hotel and three office complexes with about
40,000 sqm of net lettable floor space is scheduled for the end of
2009. Phase 2 will commence in mid-2009 at the earliest and be
completed by the end of 2011. The total project volume amounts to
some EUR 390m.

The sale of the shares will have a decisive impact on the Warimpex
Group's results in the fourth quarter of 2007, thus enabling the
financing of further development projects in the pipeline.

end of announcement euro adhoc 26.11.2007 08:00:00
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ots Originaltext: Warimpex Finanz- und Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Warimpex Finanz- und Beteiligungs AG
Phone: +43 1 310 55 00
Christoph Salzer
mailto:presse@warimpex.com
Daniel Folian, mailto:investor.relations@warimpex.com
www.warimpex.com

Branche: Real Estate
ISIN: AT0000827209
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / official market