EANS-Adhoc: ECO Business-Immobilien AG / Changes on the Management and Supervisory Boards

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announcement.
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14.09.2010

ECO Business-Immobilien AG: Changes on the Management and Supervisory
Boards

Vienna, 14 September 2010. ECO Business-Immobilien AG (Vienna Stock
Exchange / Prime Market: ECO) is announcing changes on the Management
Board and Supervisory Board in connection with the successful
takeover by conwert Immobilien Invest SE and planned integration
steps.

Wolfgang Gössweiner, Speaker of the Management Board and Chief
Financial Officer, has informed the ECO Supervisory Board that he
will resign as of 30 September 2010. Alexander Schoeller, Chairman of
the Supervisory Board, accepted Mr. Gössweiner´s resignation and
acknowledged his services on behalf of the company: "As Speaker of
the Management Board and Chief Financial Officer, Mr. Gössweiner
played a decisive role in the successful development of ECO, in both
times of growth and crisis. He provided key support for ECO from the
very beginning. His actions during the economic crisis were
especially valuable, when he consolidated and returned ECO to a
successful course with enormous personal commitment as well as his
financial and real estate expertise. All that allowed him to realise
an extremely attractive takeover price for our shareholders. We would
like to thank Mr. Gössweiner for his dedication throughout the many
business and economic cycles, and wish him all the best for a
successful future".

The Supervisory Board appointed Elke Englert (43) to the Management
Board of ECO Business-Immobilien AG as of 1 October 2010. Ms. Englert
has been an officer of ECO Business-Immobilien AG since 2007 and will
direct the company together with Frank Brün, her colleague on the
Management Board.

In connection with the planned full takeover of ECO by conwert, the
size of the Supervisory Board will be reduced. The following persons
will resign from the ECO Supervisory Board as of 1 October 2010,
Alexander Schoeller (Chairman), Franz Hörmann and Andreas Nittel. The
Supervisory Board of ECO Business-Immobilien AG will then consist of
three persons: Johann Kowar (Chairman), Thomas Rohr (Vice-Chairman)
and Gottfried Johann Parizek (Member).

end of announcement euro adhoc
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ots Originaltext: ECO Business-Immobilien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

ECO Business-Immobilien AG

Wolfgang Gössweiner, Speaker of the Management Board

Tel +43 1 580 88 0

E goessweiner@eco-immo.at

Metrum Communications

Roland Mayrl

Tel +43 1 504 69 87-331

E r.mayrl@metrum.at

Branche: Real Estate
ISIN: AT0000617907
WKN: A0D8RY
Index: Prime Market
Börsen: Wien / Regulated free trade