euro adhoc: ECO Business-Immobilien AG / Restructuring & Recapitalisations / ECO Business-Immobilien AG completes capital increase

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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29.06.2007

ECO Business-Immobilien AG completes capital increase

Vienna, June 29, 2007. ECO Business-Immobilien AG (Vienna Stock
Exchange/Prime Market: ECO, Reuters: EBIV.VI, Bloomberg: ECO AV) has
completed its capital increase and placed a total volume of 9.1
million new shares despite a difficult capital market environment for
real estate companies. The subscription and offer price was set at
EUR 11.00 per new share.

The company will use the gross proceeds of EUR 100.1 million from the
capital increase as an equity basis for further expansion. ECO
intends to invest in the most attractive real estate projects from
the opportunities it had identified in its core markets, Austria and
Germany, and the CEE region. On the basis of its usual financing
structure, ECO expects to be in a position to expand its real estate
portfolio to approximately EUR 1 billion in the near future.

The new shares were placed primarily with existing retail and
institutional investors, partly through the exercise of their
subscription rights and partly through an increase in their
shareholdings.

conwert Immobilien Invest AG is expected to increase its stake in ECO
from less than 20% to up to 25% in the capital increase. In
addition, ECO Management GmbH will acquire approximately 800,000
shares of ECO in the capital increase.

The first day of trading in the new shares is expected to be July 2,
2007 and closing/settlement is expected to take place on July 3,
2007. After registration of the capital increase in the commercial
register, ECO will have increased its nominal share capital from EUR
250 million to EUR 341 million. After the capital increase, the total
number of shares will be 34.1 million shares.

Merrill Lynch International, Erste Bank der oesterreichischen
Sparkassen AG and Wiener Privatbank Immobilieninvest AG acted as
Joint Bookrunners in the offering.

This document constitutes neither an offer to sell nor a solicitation
to buy any securities. The securities referred to herein have already
been sold. The public offering in Austria has already ended.

Not for release, publication or distribution in the United States.

The shares of ECO Business-Immobilien AG (the "Shares") may not be
offered or sold in the United States absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended. ECO Business-Immobilien AG does not intend to register any
portion of the offering in the United States or to conduct a public
offering of Shares of ECO Business-Immobilien AG in the United
States. No public offer of the Shares is intended to take place in
Germany. It is therefore not intended to publish a securities
prospectus in Germany.

This document is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)
(the "Order") or (iii) high net worth companies, and other persons to
whom it may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Order (all such persons in (i), (ii) and (iii) above
together being referred to as "relevant persons"). The securities are
only available to, and any invitation, offer or agreement to
subscribe for, purchase or otherwise acquire such securities will be
engaged in only with, relevant per-sons. Any person who is not a
relevant person should not act or rely on this document or any of its
contents.

The Joint Bookrunners are each acting solely for ECO
Business-Immobilien AG and no one else and will not be responsible
for providing the protections afforded to their customers,
respectively nor for providing advice in relation to the transaction.
No representation or warranty, express or implied, is or will be made
as to, or in relation to, and no responsibility or liability is or
will be accepted by the Joint Bookrunners or by any of their
affiliates or agents as to or in relation to the accuracy or
completeness of this release, or any other written or oral
information made available to or publicly available to any interested
party or its advisers and any liability therefore is hereby expressly
disclaimed.

end of announcement euro adhoc 29.06.2007 03:40:56
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ots Originaltext: ECO Business-Immobilien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
ECO Business-Immobilien AG,
KR Friedrich Scheck,
Chairman of the Management Board,
Tel.: +43(1)535 21 99,
Fax: +43(1)535 21 99-99,
mailto:scheck@eco-immo.at,
http://www.eco-immo.at

Hochegger|Financials,
Marlene Binder,
Tel +43 1 504 69 87-41,
E m.binder@hochegger.com

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