euro adhoc: ECO Business-Immobilien AG / Restructuring & Recapitalisations / ECO Business-Immobilien AG plans 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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31.05.2007

ECO Business-Immobilien AG plans capital increase

Vienna, 31 May 2007. ECO Business-Immobilien AG, which is listed on
the Prime Market of the Vienna Stock Exchange, plans to conduct a
capital increase in the first half of 2007. The company will use the
resolution passed at the Annual General Meeting on 22 May 2007 for an
ordinary capital increase.

ECO Business-Immobilien AG intends to use the proceeds of the capital
increase to finance its current acquisition pipeline of approximately
EUR 800 million. In particular, over the next 12 to 18 months, the
Company plans to make significant investments in the CEE-region, with
a focus on the Ukraine, Romania and Bulgaria. ECO Business-Immobilien
AG thus intends to use approximately half of the proceeds of the
capital increase to finance investments in this region.

This release and its contents constitute neither an offer to sell nor
a solicitation to buy any securities of ECO Business-Immobilien AG. A
public offer by ECO Business-Immobilien AG has not yet taken place.
Any securities orders received prior to the commencement of an offer
period will be rejected. Any public offer of securities by ECO
Business-Immobilien AG in Austria will be made solely by means and on
the basis of a published prospectus approved by the Austrian
Financial Market Authority.

Not for release, publication or distribution in the United States.

This press release does not constitute an offer of securities for
sale or a solicitation of an offer to purchase securities in the
United States, Austria, Germany or any other jurisdiction. The shares
of ECO Business-Immobilien AG (the "Shares") may not be offered or
sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended. ECO
Business-Immobilien AG does not intend to register any portion of the
offering in the United States or to conduct a public offering of
Shares of ECO Business-Immobilien AG in the United States. No public
offer of the Shares is intended to take place in Germany. It is
therefore not intended to publish a securities prospectus in Germany.

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.

Not for release, publication or distribution in the United States.

end of announcement euro adhoc 31.05.2007 18:23:54
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ots Originaltext: ECO Business-Immobilien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
ECO Business-Immobilien AG, Friedrich Scheck, CEO, Tel +43 1 535 21 99,
E scheck@eco-immo.at

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

Branche: Real Estate
ISIN: AT0000617907
WKN: A0D8RY
Index: Prime.market
Börsen: Wiener Börse AG / Regulated free trade