euro adhoc: Meinl European Land Ltd. / quarterly or semiannual financial statement / Meinl European Land: Significant increase of financial results for the 9 months ended September 2007

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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9-month report

27.11.2007

Jersey, 27 November 2007. Irrespective of the situation in public and
on the financial markets Meinl European Land has continued its
expansion during the first nine months of 2007 and underlined its
position as one of the leading investors and developers of retail
sites in Central and Eastern Europe including Russia and Turkey. The
operational business of the company shows increased earnings and a
solid financing structure.

Profit before taxation rising to EUR 195 million - increase of 107%

Operating profit (EBIT) increased by 63% from EUR 88 million in 9M
2006 to EUR 144 million in 9M 2007, including revaluation gains of
investments of EUR 124 million (9M 2006: EUR 63 million). Profits
before taxation is up from EUR 94 million to EUR 195 million, this
represents a plus of approximately 107%.

Earnings per share/certificate rise to EUR 0.67

Meinl European Land´s earnings per share/certificate outstanding rose
from EUR 0.50 per share/certificate in the first 9 months 2006 to EUR
0.67 in the first 9 months 2007. This represents an increase of 34%.

Rental income increased to EUR 90 million - "like-for-like" rental
income was up by 3.9%

Rental income in the first 9 months 2007 is up 28% to EUR 90 million
after EUR 70 million in the same period in 2006.

Rental income increased as a result of a larger area of lettable
space, the acquisition of new tenants and overall higher income per
sqm. This positive trend is recognisable for the rental income of
properties which were already part of the portfolio in the previous
year. Overall "like for like" rental income grew 3.9%. In Poland,
Slovakia and Romania it grew by more than 6%.

Rental contracts with Meinl European Land´s anchor tenants normally
have a duration between 10 and 15 years, for smaller units often
between 5 and 10 years. Approximately 50% of the tenants are
international retailers, such as Metro, Ahold, Rewe, Spar, Obi, Zara,
Carrefour, Marks & Spencer, Douglas, H&M, Praktiker or Deichmann.

Investment properties up 47% and full project pipeline

As of 30 September 2007 Meinl European Land owned a total of 160
investment properties. Fair market value of these properties amounts
to approximately EUR 1.8 billion based on the latest valuation by the
international property appraisers Cushman & Wakefield. Accordingly,
Meinl European Land´s investment portfolio has grown by EUR 585
million or 47% since 30 September 2006.

In addition to investment properties, the Company owns a significant
portfolio of development projects with a total investment volume of
some EUR 3.4 billion, of which EUR 0.6 billion have already been
spent by 30 September 2007. Furthermore the Company secured a
strategic landbank in Russia, Turkey and Poland of over 1,500,000 sqm
for further developments, either alone or with strong development
partners.

Before the Christmas season, Meinl European Land will open its
shopping centre in St. Petersburg, Russia, with a lettable area of
27,000 sqm and its shopping centre in Bialystok, Poland, with a
lettable area of 37,000 sqm. Both centres will have a Metro-owned
"real"-hypermarket as anchor tenant.

Net asset value of EUR 15.15 per share/certificate based on
investment properties Additional NAV upside potential from
development projects and landbank

As of 30 September 2007 the conservative capital structure showed a
net equity of EUR 3.1 billion and EUR 1.1 billion of longterm debt.
The company has a net cash balance of EUR 1.5 billion to finance its
investment programme.

Net asset value per share/certificate based on the Company´s
on-balance sheet property assets amounted to EUR 15.15 per
share/certificate.

The Company made an estimation of the value of its development
pipeline and landbank based on initial valuations provided by Cushman
& Wakefield, Jones Lang Lasalle and Colliers. Based on these initial
valuations, the expected surplus in value of this development
pipeline and landbank amounts to approximately EUR 1.3 billion or EUR
5.95 per share/certificate. Including this upside potential, the
total NAV amounts to EUR 21.10 per share/certificate.

Note: Values and quotes given in respect of shares shall also be
applicable to certificates representing shares of the Company. The
full interim report as of 30 September 2007 will be published on the
webpage of the Company on 27 November 2007. This report also includes
the full description of the calculation of the above mentioned
figures.

end of announcement euro adhoc 27.11.2007 12:10:26
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ots Originaltext: Meinl European Land Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Dr. Herbert Langsner
+43 676 840 531 250

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Prime.market
Börsen: Wiener Börse AG / official market