euro adhoc: Meinl European Land Ltd. / Annual & Special Corporate Meetings / MEINL EUROPEAN LAND ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING

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Company Information

16.07.2008

St Helier, Jersey, 16 July 2008: Meinl European Land Limited ("MEL"
or the "Company") announces that each of the resolutions contained in
the Notice of Extraordinary General Meeting dated 24 June 2008 were
passed at the Company's Extraordinary General Meeting ("EGM") held in
Jersey today, 16 July 2008. None of the 88,815,000 certificates held
on behalf of the Company by Somal A.V.V. were voted on any of the
resolutions and none of the 150,000,000 ordinary shares paid up as to
EUR0.01 each (the "Partly Paid Shares") that are registered in the
name of Tshela Nominees A.V.V. were voted on any of the resolutions.

Approval of the resolutions proposed at the EGM was the last
remaining significant condition to 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.

Accordingly, now that this condition has been satisfied, the parties
intend that closing of the investment should take place by month-end.
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.

end of announcement euro adhoc
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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

+44 20 7638 9571 +43 1 5244 300

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