IMMOFINANZ Convertible Bond Considerably Oversubscribed

- Placement closed early after four hours
- Strong interest from a wide range of international investors
- Yields total 2.75 percent, the conversion premium 32 percent

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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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Vienna (euro adhoc) - Today's placement of an IMMOFINANZ AG
convertible bond closed early after just four hours. The EUR 750m
placement, which was offered solely to institutional investors, was
oversubscribed nearly four times at this point.

The convertible's coupon yield with a seven-year maturity was set
at 2.75 percent and thus occupies the lowest end of the range of 2.75
to 3.25 percent. The conversion premium is 32 percent. Bondholders
can acquire IMMOFINANZ shares at the conversion price through
February 16, 2014.

IMMOFINANZ is the first real estate company in 2007 to place a
convertible bond. The strong interest in the placement from a wide
range of institutional investors was remarkable. Subscription orders
came from virtually every country in which the convertible bond was
offered for purchase (not in the USA, Canada, Australia, Italy and
Japan).

"The placement's resounding success is further proof of the
IMMOFINANZ Group's standing and on and significance for the European
financial markets," says Chairman Karl Petrikovics. "Considerable
funds are now available to finance our further growth and we will be
able to continue and even enhance our current expansion programme
with important investments in CEE on the one hand and in Germany on
the other."

Petrikovics also emphasises the important cost advantages deriving
from the successful placement of the convertible bond. "Our
refinancing costs will be considerably reduced, which in turn will
have an extremely positive impact on the company’s profitability and
therefore the outlook for the share price."

Last year IMMOFINANZ was the most successful real estate share on
the Vienna Stock Exchange with a 33.27 percent increase in share
price. In the first two weeks of 2007 the share price rose another
8.7 percent.

J.P. Morgan Securities Ltd. acted as sole bookrunner of the issue.
Co-lead managers were Constantia Privatbank AG, Credit Suisse and
Merrill Lynch International.

end of announcement euro adhoc 16.01.2007 13:21:27
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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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