euro adhoc: Meinl European Land Ltd. / other / MEINL EUROPEAN LAND ANNOUNCES PETER BAGULEY AS INDEPENDENT DIRECTOR

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

Company Information

09.07.2008

St Helier, Jersey, 9 July 2008: Meinl European Land Limited ("MEL" or
the "Company") announced today that Peter Baguley, currently property
director at J Sainsbury plc and formerly property and investor
relations director at Boots PLC (now Alliance Boots), both
London-listed FTSE 100 companies, has agreed to become an independent
non-executive director of MEL. Mr Baguley is also on the advisory
boards of the British Council of Shopping Centres and Retail Week
(the UK´s leading retail trade magazine) and is a member of the Bank
of England Property Forum.

Mr Baguley´s appointment will take place, and is conditional upon
closing of the investment in the Company by CPI/Gazit Holdings
Limited ("CPI/Gazit"), 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. Closing of the investment is subject to a number
of conditions, including certificate/shareholder approvals which will
be sought at the extraordinary general meeting of the Company to be
held on 16 July 2008.

In addition, upon closing of the investment, the Company´s name will
be changed to Atrium European Real Estate and an internal management
structure will be adopted with a new management team.

The appointment of Mr Baguley to the board is subject to appropriate
Jersey Financial Services Commission approval requirements.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Meinl European Land Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

London Austria

Citigate Dewe Rogerson Trimedia

Michael Berkeley Bernhard Hudik

Sally Marshak +43 676 842 44381

+44 20 7638 9571 +43 1 5244 300

For questions pertaining to Peter Baguley:

London Austria

Financial Dynamics Dr. Viktor Bauer PR GmbH

Stephanie Highett Dr Viktor Bauer

Richard Sunderland Mag. Anita Köninger

Laurence Jones viktor.bauer@viktorbauer.com

+44 (0)20 7831 3113 +43 (1) 320 95 45 18

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Continous
Börsen: Wiener Börse AG / official market