euro adhoc: conwert Immobilien Invest AG / Restructuring & Recapitalisations / conwert Immobilien Invest AG marks highly successful capital increase

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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03.04.2007

conwert Immobilien Invest AG marks highly successful capital increase

Vienna, 03/04/2007. conwert Immobilien Invest AG (Vienna Stock
Exchange: CWI, Reuters: CONW.VI, Bloomberg: CWI AV) has successfully
completed its largest capital increase to date by a complete
placement of all 26,674,773 offer shares. In cooperation with
investment banks acting as joint lead managers, and based on purchase
orders placed, the final subscription and offer price was set at EUR
15.50 per offer share. conwert intends to use the gross proceeds of
approx. EUR 413.46m from this offering as equity for financing
further expansion of the property portfolio.

The strong demand for conwert shares from both international and
Austrian investors led to a considerable oversubscription of the new
shares. In keeping with the increasing internationalisation of the
company, and the great appeal of a business model focused on
high-quality residential property both existing and new investors in
Austria, all over Europe and the USA were attracted to the offer. In
agreement with the consortium banks, a decision was made to fill all
orders placed by Austrian retail investors.

conwert intends to use the proceeds from its largest capital increase
to date to strenghten equity capital for further financing its
growth. Thus, in the next 12-18 months, an investment volume of
approx. EUR 800-1,000m could be realized. The further
internationalisation of the company, encouraged by property
acquisitions - especially in Germany - is in progress, as is the
expansion of the market leadership position in Vienna, as well as the
development of properties already in the portfolio. By the end of
2006, the conwert portfolio included properties worth approx. EUR
1.67bn.

After registration, this capital increase raised equity capital from
approx. EUR 586.85m to approx. EUR 853.60m, while the stock market
capitalisation of the company increased to approx. EUR 1.37bn. The
first day of trading in the new shares is expected to take place on 4
April 2007, closing/settlement is expected to take place on 5 April
2007.

This release includes forward-looking statements. In some cases,
these forward-looking statements can be identified by the use of
forward-looking terminology, including the words "believes",
"estimates", "anticipates", "expects", "intends", "targets", "may",
"will", "plans", "continues" or "should" or, in each case, their
negative or other variations or comparable terminology, or by
discussions of strategies, plans, objectives, goals, future events or
intentions. By their nature, forward-looking statements involve known
and unknown risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future. Many
factors could cause the actual results, performance or achievements
of conwert to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements.

This release does not constitute an offer for the sale of, or a
solicitation of or invitation to offer to purchase securities of
conwert Immobilien Invest AG, but is for information purposes only.
The securities referred to herein have already been sold. In
connection with the public offering of the securities of conwert
Immobilien Invest AG in Austria, only the information contained in
the prospectus and the supplement thereto (the "Prospectus") both as
approved by the Austrian Financial Markets Authority and published is
binding. The Prospectus may be obtained at conwert Immobilien Invest
AG, Albertgasse 35, 1080 Vienna, and at Wiener Privatbank
Immobilieninvest AG, Hohenstaufengasse 5, 1010 Vienna, during usual
business hours free of charge. The information contained herein is
not for publication in or distribution to the United States of
America, Canada, Japan and Australia, or United States Persons or to
publications with a general circulation in the United States. This is
not an offer for sale of the securities in the United States. The
securities and subscription rights referred to herein have not been
and will not be registered pursuant to the US Securities Act of 1933,
as amended, and may not be offered or sold in the United States
without registration thereunder or pursuant to an available exemption
therefrom. No public offering of the securities will be made in the
United States.

This document is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)
(the "Order") or (iii) high net worth companies, and other persons to
whom it may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Order (all such persons in (i), (ii) and (iii) above
together being referred to as "relevant persons"). The securities are
only available to, and any invitation, offer or agreement to
subscribe for, purchase or otherwise acquire such securities will be
engaged in only with, relevant per-sons. Any person who is not a
relevant person should not act or rely on this document or any of its
contents.

end of announcement euro adhoc 03.04.2007 07:54:02
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ots Originaltext: conwert Immobilien Invest AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
conwert Immobilien Invest AG, Johann Kowar, CEO, T +43 / 1 / 521 45-200,
E kowar@conwert.at

Hochegger|Financials, Roland Mayrl, T +43 / 1 / 504 69 87-31,
E r.mayrl@hochegger.com

Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI
Börsen: Wiener Börse AG / official dealing


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