EANS-Adhoc: conwert acquires two top-quality property packages totalling EUR 93 million Petrus Advisers new conwert core shareholder

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29.04.2010

+ Takeover of 6 properties totalling EUR 93.15 million + Purchase
prices will be paid in treasury shares + conwert Management and
Günter Kerbler combine with Petrus Advisers to form new group of
core shareholders

Vienna, 29.04.2010. Within a comprehensive transaction, conwert
Immobilien Invest SE, listed on the Vienna Stock Exchange, has
acquired six properties of a total value of EUR 93.15 million from
the Haselsteiner Family Private Foundation on the one hand and from
STRABAG AG on the other. The purchase price will be paid with roughly
6.3 million own shares, which conwert has bought back within the
share buyback programmes. The difference to the total purchase price
results from taking over existing financing. Moreover, conwert will
receive a new long-term core shareholder in the course of this
transaction.

"As announced previously, we are increasingly acting as a buyer again
in 2010 in order to expand our portfolio selectively. With the
acquisition which we have now implemented, we have acquired
top-quality properties with attractive yields and further income
potential in the inner city of Vienna. Having used treasury shares as
the currency for the acquisition, we are able to increase the
earnings of the company for our shareholders right from the very
beginning of the transaction," explains Johann Kowar, Chairman of the
Executive Board. conwert exchanged treasury shares for assets which
generate an annual rental income of more than EUR 4 million. Treasury
shares are sold at EUR 10.30 per share, thus exceeding the closing
price of 28 April 2010 (EUR 8.62) by 20%.

The properties taken over comprise two stately apartment buildings in
the first district of Vienna as well as two commercially used
properties in Vienna and Oberwart. Total usable space amounts to
roughly 28,000 sqm. The purchasing yield before measures to increase
value and earnings amounts to 4.35%.

At the same time as this property transaction, Günter Kerbler, Johann
Kowar as well as other members of the management will sell a total of
roughly 6.3 million conwert shares to a consortium led by the
investment company Petrus Advisers. Günter Kerbler and Johann Kowar
will reinvest part of the proceeds from the sale of the shares in an
investment in this consortium. The remaining conwert shares held by
the management will be syndicated with this consortium almost
entirely. The Haselsteiner Family Private Foundation will also bring
its conwert shares (some 4.2 million shares) to the consortium. This
way, a new core shareholder holding approx. 17% of the voting rights
in conwert will be created. Existing lock-up obligations will be
taken over by the new consortium.

Günter Kerbler, founder of conwert, comments: "For conwert a
financially sound, stable group of core shareholders with long-term
interests is thus being created. This new syndicate will actively
support the growth strategy pursued by the management. This means an
important support and additional opportunities for conwert,
especially in volatile times."

The closing and thus the definitive legal effect of the contracts is
expected for the end of May, after the expiry of the legally required
period of 14 days for the publication.

end of announcement euro adhoc
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ots Originaltext: conwert Immobilien Invest SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

conwert Immobilien Invest SE

Peter Sidlo, Head of Corporate Communications - Investor Relations

T +43 / 1 / 521 45-250

E sidlo@conwert.at

Metrum Communications GmbH

Roland Mayrl

T +43 / 1 / 504 69 87-331

E r.mayrl@metrum.at

Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI
Börsen: Wien / official market