EANS-Adhoc: CA Immo International AG / Increase of rental income in challenging environment - further market induced revaluations

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6-month report

27.08.2009

Interim report as of 30 June 2009

. Rental income increased by 5 %
. Reduction of indirect expenses by 30 %
. Reduction of EBITDA as a consequence of lower result from sales of
properties
. Non-cash effective revaluation result of EUR -102.9m
. Increase of operating cash flow by 10%
. Management optimistic regarding business outlook

Vienna, August 27 2009. The rental income of the CA Immo
International Group increased by 5 % compared to the first half of
the previous year and reached EUR 19.9 m. The implementation of cost
cutting measures lead to a significant reduction of indirect
expenditures, which decreased by 30 % to EUR 5.0 m. There were no
sales of properties in H1 2009, while in the previous year property
sales had contributed EUR 7.0 m to the result. Consequently EBITDA
decreased (H1 2009: EUR 13.5 m vs. EUR 19.5 m in H1 2008). The
revaluation result amounted to EUR -102.9 m. The changes in value
reflect the increase in real estate yields that was noticeable in all
markets of CA Immo International until the end of the second quarter.
In addition to the financing costs of EUR -8.4 m, the financial
result was also negatively impacted by non- cash negative effects
from valuation changes of interest rate hedges and impairments of
affiliated companies and therefore amounted EUR -13.6 m for the first
six months of 2009 (H1 2008: EUR -0.3 m). Net income after minorities
was EUR -80.8 m (H1 2008: EUR 9.6 m). The operating cash flow,
however, showed a significantly positive development and reached EUR
12.7 m, an increase of 10 % compared to the first half of 2008. The
equity ratio of CA Immo International at the balance sheet date
reached 51.1 %. Net debt as of 30 June 2009 was EUR 202.5 m compared
to a real estate portfolio of EUR 700.5 m. Net asset value (NAV) per
share as of 30 June 2009 was EUR 10.34 (Dec 31 2008: EUR 12.20).

As it was the case in the previous quarters, the result was mainly
influenced by the development of the property values. Following the
revaluations of the first half of 2009 the average gross-rental yield
(actual rents / real estate values excluding new completions) of the
property assets let amounted to 8.3 % (7.9 % in CEE und 9.0 % in
SEE), a significant increase compared to the end of 2008 (7.3 %). CA
Immo International is confident that in an unchanged market
environment these revaluations sufficiently provide for the further
development of real estate values in East- and Southeast Europe.
Therefore an improvement in the earnings situation can be expected
for the second half of 2009.

The financial report for the first six months 2009 of CA Immo
International AG is available on www.caimmointernational.com

Key financial figures

| | | | |
|in EUR million |H1 2009 |H1 2008 |change |
|Rental income |19.9 |18.9 |5.2% |
|Net operating income |17.4 |18.3 |-5.1% |
|Result from the sale of investment |0.0 |7.0 |n.a. |
|properties | | | |
|Indirect expenditure |-5.0 |-7.1 |-30.2% |
|EBITDA |13.5 |19.5 |-30.5% |
|Revaluation result |-102.9 |-0.6 |n.a. |
|EBIT |-89.5 |17.8 |n.a. |
|Financing costs |-8.4 |-7.1 |19.2% |
|Other financial result |-5.2 |6.8 |n.a. |
|Net income before taxes (EBT) |-103.0 |17.6 |n.a. |
|Consolidated net income |-86.0 |7.8 |n.a. |
|Consolidated net income, parent company |-80.8 |9.6 |n.a. |
|Result per share (in EUR) |-1.86 |0.22 |n.a. |
|Operating cash flow |12.7 |11.6 |9.5% |
| | | | |
| |30 June 2009|30 June | |
| | |2008 | |
|Property assets |700.5 |751.7 |-6.8% |
|Total assets |936.9 |996.2 |-6.0% |
|Lt. financial liabilities |272.8 |287.2 |-5.0% |
|St. financial liabilities |66.3 |28.4 |133.5% |
|Cash and cash equivalents |136.6 |148.8 |-8.2% |
|Equity |478.6 |558.5 |-14.3% |
|Equity ratio |51.1% |56.1% | |
|NAV per share (in EUR) |10.34 |12.20 |-15.2% |
|NNNAV per share (in EUR) |10.59 |12.65 |-16.3% |

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

Florian Nowotny (Investor Relations)

Claudia Hainz (Investor Relations)

Tel.: +43 (0)1 532 59 07

Fax: +43 (0)1 532 59 07-595

e-mail: ir@caimmointernational.com

www.caimmointernational.com

Mag. Claudia Hainz

Tel.: 01/532 59 07-502

eMail: hainz@caimmointernational.com

Mag. Florian Nowotny

Tel.: 01/532 59 07-518

eMail:nowotny@caimmointernational.com

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