EANS-Adhoc: ECO Business-Immobilien AG: Voluntary takeover offer by conwert Immobilien Invest SE was successful

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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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02.08.2010

Vienna, 2 August 2010. After the end of the first acceptance period
for the voluntary takeover offer by conwert Immobilien Invest SE on
30 July at 17:00 local time in Vienna, conwert confirmed in an ad hoc
press release that the offer was accepted by the holders of
21,236,065 ECO shares, i.e. approx. 62.3% of all ECO shares admitted
for trading on the Vienna Stock Exchange that were not owned by the
bidder or by a party acting in concert with the bidder at the time of
the takeover offer. The required acceptance threshold of 50% plus one
share has therefore been reached. Taking into account the ECO shares
that conwert held prior to the takeover offer, conwert now owns
29,726,965 ECO shares (roughly 87.2% of share capital).

The acceptance period will now be extended for a further three months
in accordance with § 19 (3) of the Austrian Takeover Act, ending 3
November 2010, 17:00 local time in Vienna. During this time the
remaining shareholders can decide to accept the offer and file a
declaration of acceptance with their depository bank.

conwert has received the approval of the Austrian and German cartel
authorities for the planned takeover of ECO Business-Immobilien AG. A
key condition precedent of the purchase agreement has consequently
been fulfilled.

end of ad-hoc-announcement ==========================================
====================================== This announcement contains
forward-looking assessments and statements that were made on the
basis of the information available to ECO Business-Immobilien AG at
the present time. Forward-looking statements are usually described by
words such as “expect", “estimate", “plan", “predict", “assume",
“suppose", “should", “could", etc. These statements reflect the
viewpoint at the time they are made. ECO notes that actual events,
and therefore also actual results or outcomes, may differ from the
expectations presented in this announcement due to a wide variety of
factors.

end of announcement euro adhoc
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ots Originaltext: ECO Business-Immobilien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

ECO Business-Immobilien AG

Wolfgang Gössweiner, Speaker of the Management Board / CFO

T +43 1 580 88 0

M +43 676 62 15 580

E goessweiner@eco-immo.at

Branche: Real Estate
ISIN: AT0000617907
WKN: A0D8RY
Index: Prime Market
Börsen: Wien / Regulated free trade