Meinl European Land Limited to be renamed Atrium European Real Estate

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St Helier Jersey (euro adhoc) - St Helier, Jersey, 30 May 2008: Meinl
European Land ("MEL") announced today a proposed new name - Atrium
European Real Estate Limited.

The new name is conditional upon regulatory and certificate
holder/shareholder approval and closing of the investment by
CPI/Gazit Holdings Limited ("CPI/Gazit") in MEL (the "Transaction").

"The new name of Atrium European Real Estate will be another step
towards a new future for MEL," said Rachel Lavine, the proposed CEO
of the company with effect from closing of the Transaction. "This
will be a new, strong brand that we aim to position as one of the
premier real estate companies in Europe, synonymous with delivering
value for shareholders."

Closing of the Transaction, including adoption of the new name, is
subject to a number of conditions, including certificate
holder/shareholder approval and regulatory consents, including from
the Jersey Financial Services Commission. The appointment of Rachel
Lavine is also subject to fulfilment of appropriate Jersey Financial
Services Commission approval requirements and certificate
holder/shareholder approval.

Notes to editors:

About Meinl European Land MEL is a real estate investment and
development company whose primary focus is on retail assets in
Central and Eastern Europe. At 31 December 2007 it had 162 operating
investment properties with a market value of approximately EUR1.9
billion and a significant portfolio of development projects with an
expected investment requirement of EUR3.3 billion, of which EUR0.8
billion had been spent by 31 December 2007. In addition, it has
established a land bank of over 1.8 million sqm. The Company has
been listed on the Vienna Stock Exchange since 2002 and is currently
capitalised at EUR1.8 billion.

CPI/Gazit Holdings Limited CPI/Gazit Holdings Limited is a joint
venture between Gazit-Globe Ltd ("Gazit"), a multinational real
estate investment company listed on the Tel Aviv Stock Exchange
(TASE:GLOB), and CPI Austria Holdings Limited ("CPI Austria"), a
wholly-owned subsidiary of CPI Capital Partners Europe LP (and its
parallel funds), a real estate fund advised by Citibank International
plc through its business unit, Citi Property Investors ("CPI").

About Gazit-Globe Ltd Gazit is a leading multinational real estate
investment company with in excess of EUR8 billion of properties under
control in the United States, Canada, Europe, Israel and Brazil.
Gazit and its public subsidiaries are corporate governance leaders in
their markets and are governed by world class boards of directors.
Gazit actively pursues growth opportunities, both organically and
through strategic and accretive acquisitions.

About Citi Property Investors CPI is a global real estate investment
manager with offices in major financial centers and with more than
$12.9 billion in assets under management as of 1 February 2008. CPI
employs more than 125 real estate professionals and its senior
leaders have an average of more than 20 years of commercial real
estate experience. CPI is the real estate investment center of Citi
Alternative Investments which as of 31 December 2007 had EUR59.2
billion of un-levered assets under management.

Ende der Mitteilung euro adhoc
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ots Originaltext: Meinl European Land Limited
Im Internet recherchierbar: http://www.presseportal.de

Rückfragehinweis:

Contacts for enquiries:

London Austria

Citigate Dewe Rogerson Trimedia

Michael Berkeley Bernhard Hudik

+44 20 7638 9571 +43 1 5244 300

For questions pertaining to CPI/Gazit, Gazit and CPI Austria:

London Austria

Financial Dynamics Dr. Viktor Bauer PR GmbH

Stephanie Highett Dr Viktor Bauer

Richard Sunderland Mag. Anita Köninger

+44 (0)20 7831 3113 viktor.bauer@viktorbauer.com

+43 (1) 320 95 45 18

Branche: Immobilien
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Continous
Börsen: Wiener Börse AG / Amtlicher Handel