euro adhoc: Warimpex Finanz- und Beteiligungs AG / quarterly or semiannual financial statement / Warimpex posted growth on all levels in the first quarter of 2007

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3-month report

30.05.2007

. Revenues increased by 69% . EBITDA adjusted for sales of
subsidiaries up by 50% (non-adjusted figure + 228%) . Sale of an
office building in Prague . Successful flotation in Vienna and Warsaw
supports further growth . Joint venture with Louvre Hotels to develop
chain of budget hotels in CEE

|Key figures in EUR m |Q1 2007 |Q1 2006 |Change in % |
|Revenues |14.5 |8.6 |+ 69% |
|EBITDA net of gains from the sale of |1.8 |1.2 |+ 50% |
|project companies | | | |
|Gains from the sale of project |2.2 |- |- |
|companies | | | |
|EBITDA |4.0 |1.2 |+ 228% |
|EBIT |1.9 |- 0.7 |- |
|Profit for the period |0.1 |- 0.8 |- |
| | | | |
|Number of hotels |12 |8 |+ 50% |
|Number of office and commercial |7 |6 |+ 17% |
|properties | | | |
|Number of hotel development projects |10 |7 |+ 43% |

Vienna-based Warimpex Finanz- und Beteiligungs AG can look back on
an eventful 1st quarter 2007 with strong growth on all levels.
Revenues and profit were raised significantly; the stock exchange
flotation and a joint venture for the development of budget hotels
are to accelerate the Group's course of growth.

Revenues increased - primarily due to the larger real estate
portfolio - by 69% from EUR 8.6m in the 1st quarter 2006 to EUR
14.5m in the 1st quarter 2007, while EBITDA surged by 228% to
EUR 4.0m. EBIT, which was negative at EUR - 0.7m in the first
quarter of the prior year, climbed to EUR 1.9m in the reporting
period. The sale of the 50% shareholding in an office building in
Prague, among other things, contributed to this increase in
earnings. EBITDA net of gains from the sale of project companies
rose by 50%. The profit for the period amounted to EUR 0.1m,
after EUR - 0.8m in the comparable quarter of the previous
year.

Warimpex completed an Initial Public Offering along with a capital
increase in January 2007, and its shares have been listed for
trading on the Vienna and Warsaw stock exchanges since that date.
This capital measure, which injected around EUR 62.2m in fresh
capital into the company, strengthens Warimpex' capital base and
its opportunities for further expansion.

The company's equity rose accordingly from EUR 87.0m at year end to
EUR 147.7m, while total assets as at 31 March 2007 amounted to EUR
409.7m after EUR 385.0m as at the year-end reporting date of 31
December 2006.

Warimpex carries property, plant and equipment at cost less
depreciation and amortisation, and increases in the value of real
estate assets are not realised annually and recognised in income.
For this reason, comparison of the Group's assets, financial
position and earnings indicators with those of other real estate
companies is only possible to a limited extent.

At the end of March, Warimpex' stake in a fully let office property
in Prague was sold to the joint venture partner.

Together with Louvre Hotels, Warimpex set up a joint venture
for the development of a chain of budget hotels. The two companies
will expand Louvre Hotels' existing successful hotel brands -
Campanile, Première Classe and Kyriad - in Central and Eastern
Europe. A first investment phase foresees the construction of 30
new budget hotels. Warimpex will act as developer in the joint
venture, while Louvre Hotels acts as the hotel operator.

Further hotels in existing and new markets such as Slovakia,
Serbia, Romania, Russia and Ukraine are to complement the portfolio
in the future. Based on its additional financial power and strategy
of controlled expansion the Warimpex Group will press ahead
with its dynamic programme of investment. Commensurately,
the company expects to continue delivering above-average
growth.

end of announcement euro adhoc 30.05.2007 08:30:00
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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: Wiener Börse AG / official market