EANS-Adhoc: Warimpex Finanz- und Beteiligungs AG / Warimpex resolves a capital increase

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

23.10.2009

Not intended for distribution in the USA, Canada, Australia and
Japan. This is neither an offer nor a solicitation to buy
shares.

Warimpex resolves a capital increase

. Up to 9.99% of the current share capital with the exclusion of
subscription rights

. For financing future land acquisitions and optimising the financing
structure

Vienna, 23 October 2009 - On 22 October 2009, the management board
of Warimpex Finanz- und Beteiligungs Aktiengesellschaft
("Warimpex"), Floridsdorfer Hauptstraße 1, 1210 Vienna, (ISIN:
AT0000827209), a real estate developer and investment company,
whose main business is the establishment and the operation of
hotels in CEE, determined with the approval of the supervisory board
of the same day, to increase the share capital by up to EUR
3,599,999.00 by issuing up to 3,599,999 ordinary bearer shares with
the exclusion of subscription rights and therefore, exercising
partly the authorised capital.

The placement of the new shares is accomplished by Raiffeisen
Centrobank AG as book runner and lead manager and by Wood&Company
Financial Services, a.s. as co-lead manager. The net proceeds from
the offering shall be used to finance land acquisitions for
the roll out of budget hotels under the brands "Campanile"
and "Premiere Class" and for the four-star brand "angelo" and the
selective investment in distressed assets in CEE. Furthermore, the
net proceeds from the offering shall be used to optimise the
existing financing structure and to strengthen the equity base.

Details of the capital increase

On 22 October 2009, the management board of Warimpex, with the
supervisory board's approval of the same day, has exercised the
authorization to increase the share capital from EUR 36,000,000 by
up to EUR 3,599,999.00 to up to EUR 39,599,999.00 by issuing of
up to 3,599,999 new no-par value ordinary bearer shares with the
exclusion of subscription rights against payment in cash. The new
shares will be offered exclusively either to qualified or to less
than 100 selected investors per EEA member state in the course of
an accelerated book- building-procedure. There is neither a rights
offer to existing shareholders nor a public offer of new shares.

Warimpex reserves the right to cancel the envisaged capital
increase. The new shares will be entitled to full dividends for the
2009 business year and the following years and it is envisaged
that the new shares will be included on or around 29 October 2009
in the official market (prime market segment) of the Vienna
Stock Exchange. The new shares are also envisaged to be included in
the official market to Warsaw Stock Exchange following registration
of new shares with the National Depository for Securities and its
admission to trade by the Warsaw Stock Exchange. It is expected
that the new shares will be admitted to trading in the forthcoming
weeks on the Warsaw Stock Exchange.

Since the offer is exclusively directed to either qualified or to
less than 100 selected investors per EEA member state and no public
offer takes place and in addition, less than 10% of the shares of
the same type as previously approved for trading on the same
regulated market will be issued, the preparation of a prospectus
pursuant to the Capital Markets Act or the Stock Exchange Act is not
required. It is envisaged that the final offer price will be
determined by the management board of Warimpex with the approval of
the supervisory board after the end of the accelerated
book-building-procedure on 23 October 2009 and in consideration
of the six-month-average trading price of the Warimpex-share
(Vienna Stock Exchange, 22 October 2009) and it is envisaged that
the final offer price will be published via electronic media on 23
October 2009.

As announced by the company on 7 October 2009, the subscription
rights of shareholders were excluded for the execution of an
accelerated book-building- procedure. The report of the management
board regarding the exclusion of the subscription rights pursuant
to section 171 para 2 in connection with section 153 para 4 of the
Austrian Stock Corporation Act is available on the company's
website. By excluding the subscription rights, the investor
base will be broadened and the freefloat will be increased.

Basic data of the transaction

Issuer: Warimpex Finanz- und Beteiligungs Aktiengesellschaft.

Offer: The new shares will exclusively be offered to either qualified
investors with the exclusion of subscription rights or to less
than 100 selected investors per EEA member state in the course of a
private placement.

Subscription ratio: None (subscription rights are excluded)

Offer period: It is envisaged that the offer period starts on 23
October 2009 and ends on 23 October 2009. The lead manager reserves
the right to close the book ahead of schedule or to cancel the
offer ahead of schedule.

Offer price: It is envisaged to announce the offer price on 23
October 2009; the offer price will be determined in the course
of an accelerated book- building-procedure.

First listing of the new shares: it is envisaged to include the new
shares on 29 October 2009 in the official market (prime market
segment) at the Vienna Stock Exchange; it is expected that the new
shares will be admitted to trading in the forthcoming weeks on the
Warsaw Stock Exchange..

Rights to dividends of the new shares: Full entitlement for the 2009
financial year and following years

Value Date: Presumably 29 October 2009 (Vienna)

ISIN: AT0000827209

Bookrunner & Lead Manager: Raiffeisen Centrobank AG

Co-Lead Manager: Wood&Company Financial Services, a.s.

Selling Agent: UniCredit CAIB Poland

Legal disclaimer

This ad-hoc announcement is intended for information purposes in
Austria and constitutes neither an offer to sell nor a
solicitation to buy shares of Warimpex Finanz- und Beteiligungs
Aktiengesellschaft. No public offering of the shares will take
place. This ad-hoc announcement is not for distribution or
publication in or into the United States of America (USA) and
must not be distributed to "U.S. persons" (as defined in
regulation S under the U.S. Securities Act of 1933, in the
respective amended version) or publications with a general
circulation in the United States. This ad-hoc announcement
neither constitutes an offer to sell nor a solicitation to buy shares
in the USA.

Ende der Mitteilung euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Warimpex Finanz- und Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Warimpex Finanz- und Beteiligungs AG

Phone: +43 1 310 55 00

Christoph Salzer

mailto:presse@warimpex.com

Daniel Folian, mailto:investor.relations@warimpex.com

www.warimpex.com

Branche: Real Estate
ISIN: AT0000827209
WKN:
Index: ATX Prime
Börsen: Wien / official market