At 26.9 per cent, AvW now holds blocking minority in Binder+Co

Profit of EUR 2 million through sale of smaller investments

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

investments

Krumpendorf/Wörthersee (euro adhoc) - The Austrian investment group
AvW Gruppe AG has increased its investment in the listed Styrian
engine construction company Binder+Co AG (BIND.VI) to 26.9 per cent.
"As previously announced, this has enabled us to reach a blocking
minority. Now, we will redirect our focus to the IT sector," says
Wolfgang Auer von Welsbach, Chairman of the AvW Management Board. In
total, AvW has invested around EUR 11 million into its shareholding
in Binder+Co. AvW also aims to move into the company´s supervisory
board. "We see ourselves as a strategic partner and intend to
accompany Binder+Co over the long term," Mr. Auer von Welsbach
continues.

In the meantime, AvW has sold its stakes of 1 per cent each in the
Australian gold mining company Equigold and the Russian IT company
IBS Group. Overall, this resulted in a profit of around EUR 2 million
for AvW.

In the near future, AvW plans to redirect its focus to the IT sector.
"The prospects look highly promising and we therefore intend to
significantly expand our investment portfolio in this area," says Mr.
Auer von Welsbach. One of the medium-term goals of AvW is to acquire
a blocking minority in the German IT company Cancom (COCG.DE).

About Auer von Welsbach Group

AvW Group is an Austrian investment company focusing on small caps in
Austria, Germany, Asia and Australia. In the past year, around EUR
120 million were invested in the company´s equity holdings. AvW
already ranks among the largest, most profitable and fastest growing
investment companies in Austria. AvW participating certificates
(AVWIga.F, ISIN AT0000703269) of the AvW Group are listed on the
Frankfurt Stock Exchange. More information about AvW is available on
the Internet at www.avw.eu

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: AvW Management-Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

AvW Gruppe AG

Mag. Brigitte Burger

Investor Relations

Tel.: 04229 3621 24

mailto: b.burger@avw.eu

Branche: Economy, Business & Finance
ISIN: AT0000703269
WKN: 763759
Börsen: Börse Frankfurt / free trade