euro adhoc: IMMOFINANZ AG / other / IMMOFINANZ offers Euro 650 million convertible bonds with an additional increase option

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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16.01.2007

IMMOFINANZ AG offers convertible bonds with an offering size of EUR
650 million and an additional increase option of up to Euro 100
million. The company is making use of the authorisation at the
general meeting on 28 September 2006. The convertible bonds, which
convey the right to subscribe for a maximum of approximately 50
million underlying shares of IMMOFINANZ, will have a maturity of 7
years. The shareholders’ pre-emptive rights are excluded. The coupon
and yield to maturity is expected to be in a range of 2.75 and 3.25
per cent annually, the conversion premium between 27 and 32 per cent
over the reference share price. IMMOFINANZ will use the proceeds from
this issue to finance further expansion and growth opportunities.

The convertible bonds will be offered solely to institutional
investors outside the United States, Canada, Australia, Italy or
Japan and sales will not be made to U.S., Canadian, Australian,
Italian or Japanese persons. There will be no public offering of the
convertible bonds. J.P. Morgan Securities Ltd. acts as sole
bookrunner of the issue. Co-Lead Managers are Constantia Privatbank
Aktiengesellschaft and Credit Suisse.

In connection with this offering, J.P. Morgan Securities Ltd., acting
as stabilisation manager, may, from the announcement of final terms
of the offering, effect transactions with a view to supporting the
market price of the bonds at a level higher than that which might
otherwise prevail for a limited period after the issue date. However,
there may be no obligation on J.P. Morgan Securities Ltd. to do this.
Such stabilising, if commenced, may be discontinued at any time, and
will end no later than 19 February 2007, and would be executed in
accordance with Regulation (EU) No. 2273/2003, FSA and Austrian Law.

This statement is for information purposes only and is not an offer
to sell, or the solicitation of an offer to buy, any securities. In
connection with this transaction there has not been, nor will there
be, any public offering of the convertible bonds of the Issuer or the
shares of IMMOFINANZ. The distribution of this press release and the
offer and sale of the convertible bonds or the shares in certain
jurisdictions may be restricted by law. Any persons reading this
press release should inform themselves of and observe any such
restrictions. A prospectus in accordance with the Prospectus
Directive will not be prepared.

end of announcement euro adhoc 16.01.2007 08:26:41
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ots Originaltext: Immofinanz Immobilien Anlagen AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Mag. Margit Hermentin
Investor Relations
IMMOFINANZ AG
A-1010 Wien Bankgasse 2
Tel.: + 43/1/532 06 39-719
Mobil: +43/699/1 536 16 56
Fax: +43/1/532 06 39-790
e-mail: m.hermentin@immofinanz.com
m.hermentin@immoeast.at
m.hermentin@constantia.at
www.immofinanz.com
www.immoeast.at

Branche: Real Estate
ISIN: AT0000809058
WKN: 911064
Index: ATX Prime
Börsen: Wiener Börse AG / official market


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