IMMOEAST AG / Half Year Results / Excellent Results in First Half Year of 2006/07

IMMOEAST AG - Revenues more than doubled in first half year of 2006/07

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Wien (euro adhoc) - 14.12.2006

IMMOEAST AG - Revenues more than doubled in first half year of
2006/07

. EBIT increases by 138.1% to 112.6 million Euro
. Real estate assets already total 6.47 billion Euro
. 90% of 2006/07 investment programme totalling 5 billion Euro already
realised

IMMOEAST achieved outstanding results in the first half year (May 1
to October 31, 2006) of 2006/07. Operating profit (EBIT) rose by
138.1% to 112.6 million Euro compared to the same period in the
previous year. Earnings before tax climbed to 134.8 million Euro
(plus 103.6%). Revenues nearly tripled with an increase of 186.5%
from 27.4 million Euro to 78.5 million Euro. Equity rose by 195.5%
to 4.44 billion Euro, particularly due to the capital increase for
2.75 billion Euro in June 2006.

Growth in real estate assets was equally strong. The number of
properties rose by 174.2% to 244. Useable space nearly tripled to
3.35 million m². The equity ratio fell to 76.6% as of the end of
October due to the strong development in real estate assets and
thereby neared its target of 55%. By the end of the business
year on April 30, 2007 this target will be achieved as a result
of further investments.

In the first half year of 2006/07, extensive investments were carried
out which are either already reflected in the balance sheet or
committed in the form of forward purchases, development projects
or the acquisition of shareholdings in joint ventures. Including
committed investments, real estate assets rose by 357.3% to 5.30
billion Euro. After the reporting period, real estate assets
increased as a result of further investments in the amount of 1.17
billion Euro to the current 6.47 billion Euro. An average of approx.
650 million Euro was invested per month. Karl Petrikovics,
CEO, announced that the target of accumulating 7 billion Euro in
real estate assets by the end of the business year is likely to
be met or exceeded.

INVESTOR RELATIONS INFORMATION

. PRESS RELEASE available at 10:00 a.m. CET:

http://www.immoeast.at/english/05news/press.htm

. REPORT ON THE FIRST HALF YEAR as of 31 October 2006:

http://www.immoeast.at/english/02ir/berichte.htm

end of announcement euro adhoc 14.12.2006 07:30:00
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ots Originaltext: Immoeast Immobilien Anlagen AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
MMag. Dr. Karl Petrikovics
Vorstandsvorsitzender der IMMOEAST AG
Tel.: +43 1 536 16-400
mailto:investor@constantia.at

Branche: Real Estate
ISIN: AT0000642806
WKN: A0BLUL
Index: ATX Prime
Börsen: Wiener Börse AG / official market