EANS-Adhoc: CA Immobilien Anlagen Aktiengesellschaft / First half of 2009 shows strong operative performance and successful property sales, but further market induced revaluations

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6-month report

27.08.2009

ad-hoc Announcement

Interim report as of 30 June 2009

. Rental income increased by 5 % to EUR 90 m
. Proceeds from property sales of over EUR 200 m with EUR 14 m profit
. Increase of EBITDA by 28%, increase in operating cash flow by 21 %
. Devaluations in CEE and SEE lead to negative revaluation result
. Further property sales of over EUR 100 m agreed
. Management optimistic regarding business outlook

Vienna, 27 August 2009. The operative business of CA Immo in the
first half of 2009 performed satisfactorily. Compared to the first
half of 2008 rental income of the CA Immo Group increased by 5.3 % to
EUR 90.1 m. Sales of properties in Germany and Austria contributed a
profit of EUR 14.3 m (H1 2008: EUR 9.2 m), of which about one quarter
resulted from the sale of assets held for trading and about three
quarter from sales of investment properties. Overall the proceeds
from sales were over EUR 200 m. The continued implementation of cost
cutting measures lead to a significant reduction of indirect
expenditures, which decreased by 18.4 % to EUR 21.4 m. EBITDA
amounted to EUR 79.3 m, which means a significant increase of 27.6 %
compared to H1 2008. The revaluation result came out at EUR -98.0 m
and mainly relates to non cash-effective negative revaluations in our
CEE and SEE portfolio. In addition to financing costs of EUR -52.3 m,
the financial result of the first six months of 2009 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 -66.3 m (H1 2008: EUR -41.9 m).
Earnings before tax (EBT) amounted to EUR - 87.4 m (H1 2008: EUR 17.3
m), net income after minorities was EUR -56.2 m (H1 2008: EUR 6.6 m).
The operating cash flow, however,showed a significantly positive
development and reached EUR 59.7 m, an increase of 21 % compared to
the first half of 2008. The equity ratio of CA Immo at the balance
sheet date reached 41.3 %. Net debt as of June 30, 2009 was EUR
1,561.1 m (-1.9%) compared to a real estate portfolio of EUR 3.7 bn.
Cash and cash equivalents amounted to EUR 288.6 m. Net asset value
(NAV) per share as of June 30 2009 was 18.21 EUR (Dec 31 2008: EUR
18.92).

Successful implementation of operational plans

Despite the challenging economic environment, CA Immo was able to
reach its operational goals in the first half of 2009. Through the
successful execution of the announced property sales, operating
result was significantly increased and the liquidity position
strengthened. Since the half year balance sheet date, further
significant sales were closed (such as "Velum" in Munich) or
signed, so that the intended sales volume of EUR 300 m for 2009 will
be reached if not surpassed. In addition to the sales activities the
focus of the CA Immo Group for the second half of 2009 will be the
continued implementation of the announced cost cutting measures and
the further optimization of the maturity profile of the financial
liabilities. CA Immo is confident that in an unchanged market
environment the revaluations of the first half of 2009 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 Immobilien
Anlagen AG is available on www.caimmoag.com

Key financial figures

| | | | |
|in EUR million |H1 2009 |H1 2008 |change |
|Rental income |90.1 |85.5 |5.3% |
|Net operating income |80.2 |69.9 |14.7% |
|Result from the sale of investment |11.0 |7.4 |49.9% |
|properties | | | |
|Indirect expenditure |-21.4 |-26.2 |-18.4% |
|EBITDA |79.3 |62.1 |27.6% |
|Depreciation |-2.3 |-2.9 |-21.9% |
|Revaluation result |-98.0 |-0.1 | |
|EBIT |-21.1 |59.1 | |
|Financing costs |-52.3 |-50.8 | |
|Other financial result |-14.1 |8.9 | |
|Net income before taxes (EBT) |-87.4 |17.3 | |
|Consolidated net income |-91.9 |9.4 | |
|Consolidated net income, parent company |-56.2 |6.6 | |
|Result per share (in EUR) |-0.66 |0.08 | |
|Operating cash flow |59.7 |49.4 |20.9% |
| | | | |
| |30 June 2009|30 June | |
| | |2008 | |
|Property assets (EUR million) |3,657.5 |3,788.3 |0.5% |
|Total assets |4,260.0 |4,394.8 |-3.1% |
|Lt. financial liabilities (incl. bond) |1,697.4 |1,834.9 |-7.5% |
|St. financial liabilities |158.3 |88.9 |78.2% |
|Cash and cash equivalents |288.6 |321.4 |-10.2% |
|Equity |1,760.6 |1,854.7 |-5.1% |
|Equity ratio |41.3% |42.2% | |
|NAV per share (in EUR) |18.21 |18.92 |-3.7% |
|NNNAV per share (in EUR) |19.06 |20.50 |-7.0% |

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

Further inquiry note:

CA Immobilien Anlagen AG

Mag. Florian Nowotny (Investor Relations)

Mag. Claudia Hainz (Investor Relations)

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

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

e-mail: ir@caimmoag.com

www.caimmoag.com

Branche: Real Estate
ISIN: AT0000641352
WKN: 064135
Index: Immobilien-ATX
Börsen: Wien / official market