euro adhoc: Warimpex Finanz- und Beteiligungs AG / quarterly or semiannual financial statement / Warimpex reports dynamic growth in first half of 2007

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6-month report

30.08.2007

- Resolute implementation of IPO growth targets
- Sales revenues boosted by 50% to EUR 35.4 million
- EBITDA declined to EUR 13.5 million due to lower real estate sales
- NNNAV up 22% since year-end

Key figures in EUR m H1 2007 H1 2006 Change in %

Revenues 35.4 23.7 + 50%
Gains from the sale of
project companies 2.3 6.4 (64%)
EBITDA 13.5 15.0 (11%)
EBIT 8.9 11.2 (20%)
Profit for the period 5.5 9.4 (41%)

30/06/2007 31/12/2006
Gross Asset Value (GAV) 574.8 477.5 + 20%
Triple Net Asset Value (NNNAV) 391.9 320.6* + 22%
NNNAV per share in EUR 10.9 8.9 + 22%
*incl. proceeds from flotation

In the first half-year 2007, Warimpex Finanz- und Beteiligungs AG
boosted both revenues and the Company´s intrinsic value (NNNAV)
significantly. The second quarter thus continued the growth seen in
the past financial year and in the first quarter. Revenues were
increased by 50% from EUR 23.7m to EUR 35.4m in comparison to the
first six months of the previous year.

While the net assets and intrinsic value (NNNAV) increased, the
Group's profit indicators were below the values reported in the prior
year.

As of 30 June 2007, the fair value of Warimpex real estate assets
amounted to EUR 574,8m according to a valuation by CB Richard Ellis
(as of 31 December 2006: EUR 477.5m). This increase is primarily
attributable to the progress made with development projects and to
property acquisitions. Compared with 31 December 2006, the Triple Net
Asset Value (NNNAV) has been raised by 22% from EUR 320.6m to EUR
391.9m as of 30 June 2007. To enhance comparability, the proceeds
from the company's flotation in January 2007 were added to the final
figure for the previous year, thus the clear increase purely reflects
the increase in value of the Warimpex Group. NNNAV per share rose
commensurately from EUR 8.91 to EUR 10.89.

The development of business in the first half of 2007 confirms
Warimpex' strategy of expansion and the Group's dynamic growth. The
start of construction work on four hotel properties, the intensive
preparations for the launch of the joint venture to develop a chain
of budget hotels and the market entry in Romania have created a solid
basis for further growth.

To strengthen the market position of the Warimpex Group in its home
markets, Warimpex will start with the construction of another four
real estate projects in the second half of 2007. With its joint
venture partner Louvre Hotels, Warimpex is going to start developing
a chain of budget hotels before year-end 2007. Antitrust-approval has
already been given.

end of announcement euro adhoc 30.08.2007 07:30:00
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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 AG
Phone: +43 1 310 55 00
Christoph Salzer
mailto:presse@warimpex.com
Daniel Folian, mailto:investor.relations@warimpex.com
www.warimpex.com

Branche: Real Estate
ISIN: AT0000827209
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / official market