euro adhoc: Meinl European Land Ltd. / Financial Figures/Balance Sheet / Meinl European Land: Financial results in the first 6 months 2007 significantly increased

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6-month report

22.08.2007

Jersey, 23 August 2007. Prior to today´s extraordinary general
meeting Meinl European Land announced its financial report for the
first half year of 2007. Meinl European Land improved on the
outstanding results for previous periods in the first half year 2007
and once again posted significant increases in all key financial
indicators. The results, which have been excellent since years,
underline the successful development of the whole Company.

Profit after tax increased by 127%

The operating profit (EBIT) increased from EUR 57m in 2006 H1 to EUR
92m in 2007 H1. This represents an increase of 61%. Even more
impressive was the increase in profits after tax, which was up from
EUR 49.9m by 126% to EUR 113.0m in the same period. Rental income in
the first six months 2007 amounted to approximately EUR 62m after EUR
44m in the same period in 2006, an increase of 43%.

A positive trend is also recognisable for the rental income of
properties which were already part of Meinl European Land´s portfolio
in the previous year. The average rental growth for the total
portfolio within the last year was 3.7%. In Poland, Slovakia and
Romania, like-for-like rental growth amounted to more than 6% on a
year-on-year basis.

Earnings per share rise to EUR 0.40

Earnings per share of EUR 0.40 represent a year-on-year increase of
approximately 29% (2006 H1: EUR 0.31). This result is an impressive
achievement for a company going through a period of such rapid
growth, even more so as Meinl European Land finances its portfolio
growth primarily with equity.

Property portfolio increases to ca. EUR 9.2 billion

At 30 June 2007 Meinl European Land´s portfolio includes 160 retail
properties with a market value of more than EUR 1.8bn. This
represents a year-on-year increase of ca. 42%. Furthermore the
Company owns 43 committed development projects with a total
investment volume of approximately EUR 3.7bn and 16 additional
projects in advanced due diligence in mid 2007. The investments for
these projects, which are expected to be contractually agreed within
the near future, amount to ca. EUR 1.6bn. Together with the expected
value upside for the development projects, management estimates the
value of the total portfolio after completion of all projects at
year-end 2010 will be approximately EUR 9.2bn. This portfolio is
expected to generate annualised rental income of ca. EUR 700m. Based
on this potential for capital appreciation the Company expects a
yearly increase in net asset value of the Group of approximately 15%
in the coming years.

The complete interim report as of 30 June 2007 is available under
www.meinleuropeanland.com.

end of announcement euro adhoc 23.08.2007 08:25:00
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ots Originaltext: Meinl European Land Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107
mailto:claudia.mueller@pleon-publico.at

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Continous
Börsen: Wiener Börse AG / official market