EANS-Adhoc: Warimpex Finanz- und Beteiligungs AG / Warimpex successfully completes capital increase

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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11.05.2010

Not for distribution in the USA, Canada, Australia and Japan.
This is neither an offer nor a solicitation to buy shares.

Warimpex successfully completes capital increase

• 14,400,001 new ordinary bearer shares issued at final subscription and
offer price of EUR 2.00

• Net proceeds of approximately EUR 26 million

• Offer almost double subscribed/Backstop not exercised

Vienna, 11 May 2010 - In a difficult environment on the
financial markets Warimpex Finanz- und Beteiligungs
Aktiengesellschaft (Warimpex) successfully completed its capital
increase by placing 14,400,001 new ordinary shares,
representing approximately 36% of the existing share capital.
The final subscription and offer price has been set by way of a
bookbuilding procedure at EUR 2.00 per new share, and the final
volume of the capital increase at 14,400,001 new ordinary bearer
shares. Gross proceeds amount to approximately EUR 28.8 million
and, after deduction of costs, expenses and taxes, net
proceeds amount to approximately EUR 26 million. Warimpex intends
to use the net proceeds primarily to finance ongoing projects and
to refinance existing short-term loans and to cover outstanding
liabilities.

Wood&Company Financial Services, a.s. acted as Lead Manager and
Bookrunner and Raiffeisen Centrobank AG acted as Co-Lead Manager
and Co-Bookrunner of the combined offering.

Strong demand by Polish institutional investors/Backstop not
exercised

"Despite challenging conditions on the financial markets the offer
was almost double subscribed and the new shares were
subscribed and placed without exercising the backstop
commitment by Ringturm Kapitalanlagegesellschaft m.b.H.", says
Warimpex-CEO Franz Jurkowitsch.

Due to strong demand from Polish institutional investors, Warimpex'
shareholder base could be broadened. Moreover, free float was
increased to approximately 45% thereby supporting the liquidity
of the shares on the stock markets. Principal shareholders
retain approximately 49% of the total shares.

Flexibility for future success secured

Warimpex intends to use the net proceeds from the capital increase
primarily to finance ongoing projects such as the development
of the Airportcity St. Petersburg project (Crowne Plaza Hotel
and office complex), the Le Palais office building in Warsaw and
the joint venture with Starwood Capital and Louvre Hotels to
develop budget hotels in Central and Eastern Europe as well as for
the optimization of the current financing structure. "Using the
proceeds from the capital increase we will push existing projects
forward while assuring flexibility and prompt reaction to market
developments", says Jurkowitsch.

Details of the capital increase

The combined offering consisted of a rights offering to existing
shareholders at a subscription ratio of 4 new shares for every 11
existing shares and a global offering of new shares not subscribed
for in the rights offering by means of a public offering in
Poland, and a private placement to selected institutional
investors outside of Poland and the United States of America.

The share capital of Warimpex will be increased from
EUR 39,599,999 by EUR 14,000,001 to EUR 54,000,000, divided into
54,000,000 new ordinary bearer shares with a calculated notional
amount of the share capital of EUR 1.00 each and all shares are
entitled to full dividends for the 2009 financial year and the
following years.

The new shares are expected to commence trading in the prime market
segment of the Vienna Stock Exchange on 14 May 2010 and expected to
be listed on the main market of the Warsaw Stock Exchange on or
about 14 May 2010. Payment and delivery is also expected to take
place on 14 May 2010.

Warimpex Finanz- und Beteiligungs Aktiengesellschaft (Warimpex)

Warimpex is a real estate development and investment company with
headquarters in Vienna and offices in Budapest, Prague, St.
Petersburg and Warsaw. Warimpex currently owns or co-owns 21
business and luxury hotels with more than 5,000 rooms as well as
five commercial and office buildings with a total floor space of
approximately 32,000 m² mainly in Central and Eastern Europe.
Warimpex is listed under WXF on the Vienna and Warsaw Stock
Exchanges.

Legal disclaimer

This ad-hoc release constitutes neither an offer to sell nor a
solicitation to buy any securities of Warimpex Finanz- und
Beteiligungs Aktiengesellschaft. The securities have already been
sold.

This ad-hoc release is not being issued in the United States of
America and must not be distributed to publications with a
general circulation in the United States. This press release does
not constitute an offer or invitation to

purchase any securities in the United States, Austria, or any other
jurisdiction. The securities of Warimpex Finanz- und Beteiligungs
Aktiengesellschaft have not been registered under the Securities Act and may
not be offered, sold or delivered within the United States absent registration

under or an applicable exemption from the registration
requirements of the United States securities laws.

This ad-hoc release is directed only at persons (i) who are outside
the United Kingdom or (ii) who have professional experience in
matters relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended) ("Order") or (iii) who fall within Article
49(2)(a) to (d) ("high net worth companies, unincorporated
associations etc.") of the Order (all such persons together being
referred to as "Relevant Persons"). Any person who is not a Relevant
Person must not act or rely on this communication or any of its
contents. Any investment or investment activity to which this
communication relates is available only to relevant persons and
will be engaged in only with Relevant Persons.

end of announcement euro adhoc
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ots Originaltext: Warimpex Finanz- und Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Warimpex Finanz- und Beteiligungs Aktiengesellschaft

Tel: +43 (1) 310 55 00

Christoph Salzer

e-mail: presse@warimpex.com

Daniel Folian

e-mail: investor.relations@warimpex.com

Branche: Real Estate
ISIN: AT0000827209
WKN:
Index: ATX Prime
Börsen: Wien / official market