euro adhoc: CA Immo International AG / Earnings Forecast / CA Immo International AG publishes preliminary results for 2008

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02.03.2009

Result for 2008 impacted by property valuation

Interim results for 2008

. Stable rental income, EBITDA up by 19%
. Revaluation losses and impairments of properties amount to -11% of
property assets
. EBIT down to EUR -62.0 m
. NAV/share as of 31.12.2008: EUR 12.2

Vienna, 2 March 2009. The preliminary results for 2008 show positive
operational developments counterbalanced by significant revaluation
losses and impairments of property assets. Stable rental income, an
increase in the contribution of property sales to the result to EUR
7.0 m as well as a decrease in administrative expenses all
contributed to an increase in EBITDA to EUR 32.2 m (+ 19%). This was
counterbalanced by impairments and a negative revaluation result
amounting to a total of EUR -92.2 m. The correction to the value of
property assets of approximately -11 % reflects the present
unfavourable climate on the property markets in (South-)Eastern
Europe. Gross yields (annualised actual rental income in relation to
current book values) for the income producing properties now stand at
around 7.0% in CEE and at 7.8% in SEE. As a result of the valuation
losses, the preliminary operating result (EBIT) stands at EUR -62.0
m. The financial result for 2008 of EUR -32.7 m reflects, amongst
other things, impairments of participations and financial investments
posted in the fourth quarter of 2008. Preliminary net income before
taxes was EUR -94.7 m, with preliminary consolidated net income after
minorities at EUR- 96.6 m. As of 31 December 2008, financial
liabilities stood at EUR 315.6 m, most of which with a long term
duration - only EUR 28.4 m had a remaining term of less than one
year. These liabilities are counterbalanced by property assets of
around EUR 751.7 m and cash of EUR 148.8m. The revaluations have no
effect on existing financing agreements. The equity ratio amounts to
56%. As a consequence of the valuation result, the net asset value
(NAV) per share declined by 22 % to EUR 12.2. No dividend will be
distributed in the light of the negative annual result. In 2009, the
operational focus of CA Immo International will be on measures aimed
at upholding and improving operational cash flow; in particular, this
will mean consistent cost reduction and proactive steps to prevent
vacancy. Another priority will be on the careful realisation of those
development projects that have already started. Dr. Bruno Ettenauer,
speaker of the board of CA Immo International: "The revaluation
losses for 2008 are the result of a valuation of our property
portfolio that reflects market realities. Although the annual result
is disappointing, the CA Immo International still has a stable asset
and financing structure that provides a solid foundation on which we
can succeed even in the challenging environment that currently faces
us." Final detailed results for the business year 2008 will be
published on 24 March 2009.

|Preliminary results for 2008 |
| |2008 |2007 |
| |EUR m |EUR m |
|Rental income |38.7 |38.1 |
|EBITDA |32.2 |27.0 |
|Impairments/Revaluations |(92.2) |57.6 |
|EBIT |(62.0) |82.9 |
|Financial result |(32.7) |(1.6) |
|Net income before taxes |(94.7) |81.3 |
|Consolidated net income |(96.6) |68.5 |
|after minorities | | |
| | | |
|NAV per share |12.20 |14.93 |
| | | |

end of announcement euro adhoc
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ots Originaltext: CA Immo International AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

CA Immo International AG

Investor Relations

Florian Nowotny

Claudia Hainz

Tel.: +43/1/532 59 07-593

eMail: ir@caimmointernational.com

www.caimmointernational.com

Branche: Real Estate
ISIN: ATCAIMMOINT5
WKN: A0LBUV
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market