euro adhoc: ECO Business-Immobilien AG / other / ECO Business-Immobilien AG: changes in corporate bodies

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

20.01.2009

ECO Business-Immobilien AG: changes in corporate bodies

Vienna, 20 January 2009. The publicly traded ECO Business-Immobilien
AG announces that Franz Zwickl has resigned as Chairman of the
Supervisory Board effective today. The new Chairman is Alexander
Schoeller, who previously served as Vice-Chairman of this body. Franz
Zwickl will remain a member of the Supervisory Board up to the sixth
annual general meeting, which is scheduled for 20.05.2009. Following
this annual general meeting, Franz Zwickl and Günter Kerbler will
resign from the Supervisory Board.

In addition, ECO announces that Friedrich Scheck has resigned as an
Executive Director of conwert Immobilien Invest SE effective today,
20.01.2009. As Chairman of the Management Board, Friedrich Scheck
will now concentrate exclusively on the publicly traded ECO
Business-Immobilien AG together with Wolfgang Gössweiner, his
colleague on the Board. He will retain his function as the Managing
Director of ECO Management GmbH.

The specialisation of ECO and conwert on individual segments of the
property market since their founding has proven to be very
successful. The above-mentioned changes will increase the focus of
both companies on their core segments of residential properties
(conwert) and office and commercial properties (ECO) in the current
challenging market environment and also support the principles of
corporate governance. In this connection, conwert has also informed
ECO that it does not plan to increase the current investment in ECO
Business-Immobilien AG (24.9%).

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

ots Originaltext: ECO Business-Immobilien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

ECO Business-Immobilien AG

Friedrich Scheck

Chairman of the Management Board

Tel.: +43(1)535 21 99-12

mailto:scheck@eco-immo.at

Peter Pechar

Head of Investor Relations

Tel.: +43(1)535 21 99-35

mailto:pechar@eco-immo.at

Hochegger Financials

Roland Mayrl

Tel.: +43(1) 504 69 87-31

mailto:r.mayrl@hochegger.com

Branche: Real Estate
ISIN: AT0000617907
WKN: A0D8RY
Index: Prime.market
Börsen: Wiener Börse AG / Regulated free trade