EANS-Adhoc: conwert Immobilien Invest SE / Half-year results in line with outlook, forecast for 2011 confirmed

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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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08.08.2011

• Sales revenues of about EUR 250m • Operating result (EBIT) between
EUR 61m and EUR 63m • Publication of preliminary results for H1 2011
to take place on 11 August 2011

• Good progress in the implementation of strategy

Vienna, 8 August 2011. The Austrian ATX-traded conwert Immobilien
Invest SE recorded sales revenues of around EUR 250m in the first
half of 2011. The operating result (EBIT) for the first half of 2011
will be between EUR 61m and EUR 63m. Figures for the first six months
show that conwert is above plan with regard to the goals set for the
full-year 2011 to achieve sales revenues of EUR 600m overall and to
increase the operating result (EBIT) of EUR 103.2m recorded in 2010
by 15%.

Continued consistent implementation of strategy

In addition to the half-year figures, conwert Immobilien Invest SE is
also announcing that it will be completing the sale of a portfolio of
properties in Vienna worth over EUR 100m with a positive margin above
the IFRS book values. This portfolio includes a property worth over
EUR 45m held by ECO Business-Immobilien AG.

conwert has also closed the participation process for the Berlin
Coinvest Portfolio. Jargonnant Partners S.a.r.l is taking over 80% of
the portfolio that conwert acquired in the first quarter of 2011 for
EUR 90m. 20% of the equity, as well as a further profit share on the
overall portfolio, will remain with conwert. In addition, conwert
will keep the service business for the entire portfolio during the
investment period. Through the partnership, which has now been
concluded with retroactive effect, conwert realises a single-digit
million profit. With this transaction, conwert has invested its
capital highly efficiently. The management expects a return on equity
of more than 20% for this portfolio in the coming four years."

With the announcement of these figures for H1 2011, which are based
on current projections, and of the news regarding the implementation
of its strategy, conwert is providing the market its figures at an
early stage in an effort to achieve the highest possible
transparency. Due to the current situation on the international
financial markets, conwert will also publish its preliminary result
for the first half of the year on 11 August 2011.

Further inquiry note:
conwert Immobilien Invest SE,
T +43 / 1 / 521 45 - 700,
E 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