EANS-Adhoc: conwert Immobilien Invest SE / conwert managing board to consist of two directors

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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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06.07.2011

Vienna, 6 July 2011 - The administrative board of conwert Immobilien
Invest SE today accepted the resignation of Volker Riebel and
reached the unanimous decision to reduce the company´s managing
board of directors to two directors.

Volker Riebel, CEO of conwert since 1 January 2011, leaves the
company at his own request. Going forward, the executive directors
Thomas Doll (finance) and Jürgen F. Kelber (real estate management
and sales) will share the operational responsibilities of
Volker Riebel in addition to their current
responsibilities. The administrative board will continue to fully
exercise its statutory rights in particular with regard to
setting and implementing the strategy.

The implementation of the shareholder value-strategy as set
by the administrative board at the end of 2010 will be accelerated
in a disciplined way. The company´s focus is on the
simplification of internal structures, efficient cost management,
the sale of non-core activities, the strengthening of service and
third party activities as well as on disposals and selected
acquisitions of real estate portfolios in view of increasing
conwert´s return on equity.

The financial forecast for the full year 2011 is unchanged. conwert
expects a further improvement in the operating result of
approximately 15% (excluding re- valuations) and a dividend payment
in line with the previous year. In the first half of 2011 the
company has already executed disposals of some EUR 250
million. Further purchase and sale transactions are under
negotiation.

Further inquiry note:
CNC - Communications & Network Consulting AG
Max Hohenberg
T +43 1 521 45 250

conwert Immobilien Invest SE
Elisabeth Klinger, Konzernkommunikation
T +43 1 521 45 250
cw@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