EANS-Adhoc: conwert Immobilien Invest SE / conwert Immobilien Invest SE extends share buyback programme

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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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14.06.2011

Vienna, 14.06.2011. At the Extraordinary Shareholders´ Meeting of
conwert Immobilien Invest SE on 11 October 2010, the Administrative
Board was authorised to purchase treasury shares of the company up to
the legally defined maximum of 10% of the nominal capital in
accordance with § 65 para. 1 (8) and para. 1a and 1b of the Austrian
Stock Corporation Act for a period of 30 months beginning on the date
the resolution is passed, at a minimum value of EUR 4.00 and a
maximum value of EUR 14.00 per share. The resolution was published on
the website www.conwert.at on 11 October 2010. As of 31st May 2011
conwert acquired a total of 2,103,328 common shares or 2.46% of the
issued capital in five share buyback programmes (31.01.2008 to
30.06.2008, 29.08.2008 to 25.04.2009, 16.12.2009 to 30.06.2010,
12.07.2010 to 11.10.2010 and 18.10.2010 to 30.06.2011) taking into
consideration all given treasury shares as acquisition currency. At
the end of the previous share buyback programme the Administrative
Board of the company exercises again the authorisation granted at the
Extraordinary Shareholders´ Meeting held on 11 October 2010 and
adopts the following sixth share buyback programme:

+ Duration: 01.07.2011 to 30.06.2012, after disclosure at the latest
+ Class of shares: Common shares
+ Planned volume: up to 10% of issued capital, therefore
a maximum of 8,535,927 common shares
+ Purchase price: EUR 4.00 to EUR 14.00 per share
+ Form of purchase: over the Stock Exchange
+ Purpose: for the purpose permitted by § 65 para. 1 (8) of the
Austrian Stock Corporation Act, in particular for the
use in the acquisition of companies and properties

The Administrative Board adopted a further share buyback programme
approved by the Annual General Meeting because the current share
price is roughly 26% below the share´s net asset value (NAV) and
provides a good opportunity to buy own shares to use them, amongst
other things, for later acquisitions. Any changes as well as the
transactions carried out as part of the share buyback programme will
be published on the website of conwert Immobilien SE under
www.conwert.at in accordance with the Austrian Stock Exchange Act and
the publication directive 2002.

Further inquiry note:
conwert Immobilien Invest SE,
Peter Sidlo, Head of Corporate Communications,
T +43 / 1 / 521 45-250,
E peter.sidlo@conwert.at

end of announcement euro adhoc
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issuer: conwert Immobilien Invest SE
Albertgasse 35
A-1080 Wien
phone: 52145-0
FAX: 52145-111
mail: cw@conwert.at
WWW: http://www.conwert.at
sector: Real Estate
ISIN: AT0000697750
indexes: WBI, ATX
stockmarkets: official market: Wien
language: English