euro adhoc: ECO Business-Immobilien AG / Annual & Special Corporate Meetings / ECO Business-Immobilien AG - Annual General Meeting authorises share repurchase scheme and issue of convertible bonds

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21.05.2008

ECO Business-Immobilien AG - Annual General Meeting authorises share
repurchase scheme and issue of convertible bonds

Vienna, 21 May 2008 - In the Fifth Annual General Meeting of ECO
Business-Immobilien AG held on 21 May 2008 the Management Board was
authorised, for a period of 18 (eighteen) months from the date of the
relevant resolution of the Annual General Meeting, to acquire the
Company´s own shares up to the maximum amount permitted by law. The
consideration for such repurchase may be no less than EUR 5,- per
share, but no more than EUR 10,- per share.

The Management Board was further authorised to issue in one or more
tranches, within five years of the relevant resolution and without
subscription rights, convertible bonds carrying the right of
conversion or subscription to 10,000,000 ordinary, bearer shares in
the Company representing a proportionate interest in the share
capital of the Company of up to EUR 100,000,000. Further a
conditional capital for the underlying of any convertible bonds
issued in accordance with the aforementioned authorisation was
resolved. Objections were made by shareholders to both resolutions.

Auditor Treuhand GmbH, Wirtschaftsprüfungs- und
Steuerberatungsgesellschaft were appointed statutory auditors of the
Company´s financial statements, and the consolidated financial
statements of the Group, for the financial year ending 31 December
2008. Resolutions concerning all other items on the Agenda on which
draft resolutions had been proposed were also passed as provided.

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

Friedrich Scheck

CEO

Tel.: +43(1)535 21 99-12

mailto:scheck@eco-immo.at

Peter Pechar

Head of Investor Relations

Tel.: +43(1)535 21 99-35

mailto:pechar@eco-immo.at

Hochegger Financials

Roland Mayrl

Tel.: +43(1) 504 69 87-31

mailto:r.mayrl@hochegger.com

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