EANS-Adhoc: conwert surpasses sales targets: in 2009, properties totalling EUR 350 million were sold with a double-digit profit margin

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12.01.2010

Vienna, 12.01.2010. conwert Immobilien Invest SE, listed on the
Vienna Stock Exchange, sold properties totalling more than EUR 350
million in the 2009 financial year based on preliminary figures. The
sales target, which was raised from an original EUR 200 million to
EUR 300 million, was thus again exceeded significantly. conwert
generated high profits by selling the properties. Taking into account
the negative cash contribution resulting from the termination of a
joint venture in Germany, the IFRS margin amounted to roughly 10% on
average and the cash profit margin to approximately 15% based on
acquisition cost. Without this extraordinary transaction, conwert
realised an IFRS profit margin of roughly 13% and a cash profit
margin of approximately 22%.

The good sales business was essentially influenced by the strong
demand for high-quality apartment buildings and freehold flats in
Austria, where roughly 63% of the proceeds on the sale of properties
were realised. Business also developed clearly positively in Germany,
where revenues exceeded the EUR 100 million mark for the first time.

Johann Kowar, Chairman of the Executive Board: "In the financial year
2009, we were able to optimally use the strong demand for
high-quality freehold flats and apartment buildings. We clearly
exceeded our sales targets and realised cash earnings of roughly EUR
45 million." Johann Kowar expects the sales business to remain strong
in the financial year 2010. "Demand for top properties continues
unabated. Our sales pipeline is full, and we are confident to trade
10% of our property portfolio again in 2010. We will re-invest the
profits from the sales. conwert will thus also be found on the buyer
side this year."

end of ad-hoc-announcement ==========================================
====================================== This press release contains
forward-looking estimates and statements that were made on the basis
of the information available at this time. Forward-looking statements
reflect the point of view at the time they are made. We would like to
point out that the actual circumstances and, consequently, the actual
results realised at a later date may differ from the forecasts
presented in this report for a variety of reasons.

end of announcement euro adhoc
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ots Originaltext: conwert Immobilien Invest SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

conwert Immobilien Invest SE

Peter Sidlo, Head of Corporate Communications - Investor Relations

T +43 / 1 / 521 45-250

E sidlo@conwert.at

Q-COM Financials

Roland Mayrl

T +43 / 1 / 504 69 87-331

E r.mayrl@qcom.at

Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI
Börsen: Wien / official dealing