euro adhoc: conwert Immobilien Invest SE / Buybacks / conwert Immobilien Invest SE starts share buyback

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25.01.2008

conwert Immobilien Invest SE starts share buyback

Vienna, 25.01.2008. The extraordinary general meeting of conwert
Immobilien Invest AG passed a resolution on 25 October 2007, which
authorises the Management Board to repurchase the company´s shares up
to the legally defined maximum of 10% of issued capital. This
authorisation is valid for a period of 18 months beginning on the
date the resolution was passed. In this connection, the general
meeting also confirmed the validity of the authorisation for conwert
Immobilien Invest SE after the change in the company´s legal form.
The resolution was published on the conwert website under
www.conwert.at on 25 October 2007. The Administrative Board of
conwert Immobilien Invest SE decided to make use of this
authorisation and defined the following share buyback programme:

Duration: 31.01.2008 to 30.06.2008 at the latest
Class of shares: Common shares
Planned volume: Up to 10% of issued capital, therefore
a maximum of 8,535,927 common shares
Purchase price: EUR 8.00 to EUR 11.00 per share
Form of purchase: Over the Stock Exchange
Purpose: For the purpose permitted by § 65 (1) 8 of the
Austrian Stock Corporation Act, in particular for use
in the acquisition of companies and properties

The Administrative Board approved this programme because the current
market price of the company´s share is roughly 35% below its book
value (NAV) and provides a good opportunity to buyback own shares at
a cheap level to use them amongst others 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 Invest SE under www.conwert.at in accordance with the
Austrian Stock Corporation Act and the relevant publication
directive.

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, Johann Kowar, Chief Executive Officer,

T +43 / 1 / 521 45-200, E kowar@conwert.at

Hochegger|Financials, Roland Mayrl, T +43 / 1 / 504 69 87-31,

E r.mayrl@hochegger.com

Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI
Börsen: Wiener Börse AG / official dealing