EANS-Adhoc: conwert Immobilien Invest SE / conwert Immobilien Invest SE starts new share buyback programme

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11.10.2010

conwert Immobilien Invest SE starts new share buyback programme

Vienna, 11.10.2010. At the Extraordinary Shareholders´ Meeting of
conwert Immobilien Invest SE on 11 October 2010, the Administrative
Board was authorised to purchase treasury shares of the company up to
the legally defined maximum of 10% of the nominal capital in
accordance with § 65 para. 1 (8) and para. 1a and 1b of the Austrian
Stock Corporation Act for a period of 30 months beginning on the date
the resolution is passed, at a minimum value of EUR 4.00 and a
maximum value of EUR 14.00 per share. The resolution was published on
the website www.conwert.at on 11 October 2010.

conwert acquired a total of 927,919 common shares or 1.087% of the
issued capital in four previous share buyback programmes (31.01.2008
to 30.06.2008, 29.08.2008 to 25.04.2009, 16.12.2009 to 30.06.2010 and
12.07.2010 to 11.10.2010) taking into consideration all given
treasury shares as acquisition currency.

The Administrative Board of the company thus exercises the
authorisation granted at the Extraordinary Shareholders´ Meeting held
on 11 October 2010 and adopts the following fifth share buyback
programme:

Duration:
18.10.2010 to 30.06.2011, three days after disclosure at the latest

Class of shares:
Common shares

Planned volume: up to 8.913% of issued capital, therefore a maximum
of 7,608,008 common shares

Purchase price:
EUR 4.00 to EUR 14.00 per share

Form of purchase:
over the Stock Exchange

Purpose: for the purpose permitted by § 65 para. 1 (8) of the
Austrian Stock Corporation Act, in particular for the use in the
acquisition of companies and properties

The Administrative Board adopted a further share buyback programme
approved by the Annual General Meeting because the current share
price is roughly 30% below the share´s net asset value (NAV) and
provides a good opportunity to buy own shares to use them, amongst
other things, for later acquisitions.

Any changes as well as the transactions carried out as part of the
share buyback programme will be published on the website of conwert
Immobilien SE under www.conwert.at in accordance with the Austrian
Stock Exchange Act and the publication directive 2002.

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:

conwert Immobilien Invest SE

Peter Sidlo, Head of Corporate Communications

T +43 / 1 / 521 45-250

E sidlo@conwert.at

Metrum Communications GmbH

Roland Mayrl

T +43 / 1 / 504 69 87-331

E r.mayrl@metrum.at

Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI
Börsen: Wien / official market