euro adhoc: AvW INVEST AG / other / AvW INVEST AG has increased its profit expectation

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------

12.09.2006

During a conversation held with analysts of a leading Austrian Bank
the financial group AvW INVEST AG has increased its profit
expectation. As a result of the higher level of profits generated in
the financial services sector, particularly in the areas of
derivatives and asset management, we were able to achieve above
average growth rates. The income generated by the fee and commission
business remained unchanged, which means that AvW INVEST has
increased its profits at different levels of the financial services
and investment sectors, and that investment banking has become the
finance group’s most profitable business segment. In the investment
business, new companies are being examined, and in the real estate
business, the market is screened for potential investment objects.

According to Wolfgang Auer von Welsbach, CEO of AvW INVEST AG, the
primary goal remains to achieve further growth in the dynamic
financial services sector and to acquire innovative small caps in
Austria and Germany.

For the 2006 financial year, Mr. Auer von Welsbach estimates earnings
per share in the range of EUR 2.36 (previously: EUR 2.20). This would
correspond to an increase of at least 60 per cent. In 2005, the
earnings per share came to EUR 1.48.

CEO Wolfgang Auer von Welsbach expects a profit per share ranging
between EUR 2.35 and 2.40 for the fiscal year 2006 (previous profit:
EUR 2.20). This amounts to an increase of 60 percent. The year 2007
should see a continuation of the positive developments in the finance
and investment business leading to a profit of EUR 3.00 per share.

Profit per share in 2004: EUR 0.68
Profit per share in 2005: EUR 1.48
Profit per share in 2006: between EUR 2.35 and 2.40
Profit per share in 2007: EUR 3.00

Current investments of AvW INVEST:

100% AvW Immobilien GmbH, domiciled in Krumpendorf/Austria 75%
Bürger&Service GmbH, a financial services provider domiciled in
Bregenz 40% New Econ AG, a media company domiciled in
Wiesbaden/Germany ~19% S&T AG (SNTS.VI) ~10% Hirsch Servo AG
(HISE.VI) ~10% Cancom (COKG.DE) ~ 5% Cash Financial Services Group
(8122.HK) ~ 5% Pankl Racing (PARS.DE) ~ 1% Macmin Silver (MMN.AX) ~
1% Equigold (EQI.AX) ~ 1% Pan Sino (0502.HK) ~ 1% Pine Technology
(8013.HK)

The figures for the first three quarters of 2006 will be announced on
November 7, 2006.

About AvW INVEST AG - www.avw.eu - The AvW shares are listed on the
Vienna Stock Exchange on the ATX Prime Market (ISIN number:
AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). The Austrian
company, which is domiciled in Krumpendorf at Lake Wörthersee,
specialises in the fields of financial services, equity investments
and real estate.

For further information, please contact:

Wolfgang Auer von Welsbach Nicole Kahn CEO
Investor Relations

Tel.: 0043 4229 / 36 21 Tel.: 0043 4229 / 36 21-25
n.kahn@avw.at

end of announcement euro adhoc 12.09.2006 08:28:35
--------------------------------------------------------------------------------

ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
AvW Invest AG

Hauptstraße 118
9201 Krumpendorf

Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Prime.market
Börsen: Frankfurter Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Wiener Börse AG / official dealing