euro adhoc: AvW Invest AG / other / AvW group AG orders inquiry into suspected breach of trust AvW Invest AG not affected

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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17.10.2008

As became clear over the past few days, an authorized signatory of
AvW carried out security transactions for AvW group AG but not AvW
Invest AG without the knowledge and approval of the board of
directors. This employee has been reported to the authorities and is
currently under investigation by the Economic Offence Police
Department. The transactions in question are very complex in nature
such that a possible involvement of the banks concerned is examined.

AvW Invest AG, which is listed on the stock exchange, is not affected
by these transactions. It is important to strictly distinguish
between the incidents that are currently being examined and that
occurred within AvW group AG which issues participating certificates
and the assets of AvW Invest AG, which is listed on the stock
exchange and whose securities have not been affected by the
malpractice as far as is known so far.

AvW has already reported this fact to the General Attorney and has
entered into talks with the Financial Market Supervising Authority.
The facts of the instant case are being carefully scrutinized by both
legal experts and auditors in order to clarify the situation as
quickly as possible in the interest of any investors and other
parties concerned.

"My prime concern now is to shed light on this unfortunate affair as
fast as possible. I will inform you on any new developments",
emphasizes Wolfgang Auer von Welsbach, chairman of the board of
directors

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

Brigitte Burger

Tel.: 04229/3621-24

0676/3357622

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