euro adhoc: AvW Invest AG / other / AvW Invest reaffirms growth in profits for 2008

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17.09.2008

- EUR 15 million net profit, corresponding to an increase of around 15%
- AvW expects highest profit in the company´s history
- Financial services and equity investment segments produce highly
satisfactory results

Despite the major turbulences in the financial markets, AvW Invest AG stands by
its profit forecast for the year as a whole, with the earnings per share being
projected to reach at least EUR 5.00 (2007: EUR 4.32). The net profit is
anticipated to rise from EUR 13 million to EUR 15 million, which corresponds to
an increase of at least 15 per cent.

"Our financial services and investment activities continue to produce
highly satisfactory results, and the current turmoils in the
international financial markets do not affect us. We have never held
any investments in the United States and do not intend to change this
approach in the future. Furthermore, we are not exposed to any bank
loans and are therefore able to achieve another record result in
2008," says Wolfgang Auer von Welsbach, Chairman of the AvW
Management Board.

As far as investments are concerned, particularly in the IT sector,
AvW expects positive effects until year-end. "As a result of
consolidation measures, there are always opportunities for new
acquisitions. This might also affect companies in which AvW holds a
significant stake," Mr. Auer von Welsbach continues.

The German IT company Realtech, for example, in which AvW holds a
shareholding of more than 16 per cent, has performed exceptionally
well during the current financial year, with the share price
increasing from EUR 12 (31.12.2007) to currently EUR 13.50. This
corresponds to an increase of 12.5 per cent. In addition, Realtech
paid a dividend of EUR 0.50 in 2008, and a special dividend of EUR
4.00 will be distributed as return of capital.

AvW Invest AG´s figures for the third quarter will be published on 12
November 2008.

About AvW INVEST AG AvW INVEST AG, which is domiciled in Krumpendorf
at Lake Wörthersee, is active in three core business areas: financial
services, equity participations and real estate. AvW´s shares are
listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN
number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS).

end of announcement euro adhoc
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ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

AvW INVEST AG

Mag. Brigitte Burger

Tel.: 04229/3621-24

mailto:b.burger@avw.eu

Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Prime.market
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing