EANS-Adhoc: conwert Immobilien Invest SE / Total profit will be used to strengthen liquidity and the financing structure

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05.05.2009

conwert: Total profit will be used to strengthen liquidity and the
financing structure

Vienna, 05 May 2009. The Executive Board of conwert Immobilien Invest
SE announced at the publication of its results of the financial year
2008 on 26 March 2009 that it would submit a proposal for the
appropriation of total profit to the next Annual General Meeting in
time, taking into account market and company developments. Following
a detailed review it has now been decided not to propose a dividend
payout for 2008. "Although - in contrast to the negative Group result
for the year of EUR 30 million - the total profit according to the
Austrian Commercial Code (UGB), existing liquidity and the positive
operating business development in the first months of 2009 generally
allow a dividend, we propose not to pay out a dividend for the year
2008 due to growing insecurity regarding the further economic
development. In this environment, we attach top priority to
strengthening liquidity, reducing debt and to the value-increasing
use of existing funds to improve our financing and balance sheet
structure", Johann Kowar, Chairman of the Executive Board, explains
the decision.

The annual financial statements in accordance UGB show a total profit
equalling EUR 19.6 million for conwert Immobilien Invest SE in 2008.
A proposal will be made to the Annual General Meeting to carry
forward the total profit.

The 8th Annual General Meeting will take place in Vienna on 26 May
2009. The results of the first quarter of 2009 will also be published
on 26 May 2009.

end of announcement euro adhoc
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ots Originaltext: conwert Immobilien Invest SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

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conwert Immobilien Invest SE

Peter Sidlo, Head of Corporate Communications - Investor Relations

T +43 / 1 / 521 45-250

E sidlo@conwert.at

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Hochegger|Financials

Roland Mayrl

T +43 / 1 / 504 69 87-31

E r.mayrl@hochegger.com

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