EANS-Adhoc: conwert Immobilien Invest SE / conwert establishes its own sales team in Austria

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23.09.2011

• Cooperation with RESAG Immobilienmakler GmbH will be reduced • Cost
savings potential of between EUR 1.5 - 2.5 million • Service
agreements with a value of EUR 700.000 annually with Wiener
Privatbank cancelled

Vienna, 23 September 2011. The Austrian ATX-traded conwert Immobilien
Invest SE will internalise its sales activities, which have so far
been managed by RESAG Immobilienmakler GmbH in Austria, and will
establish its own sales team in Austria. A corresponding decision was
adopted by the Executive Board of conwert. Jürgen Kelber, member of
the Executive Board, who also manages the sales activities in
Germany, will continue to hold overall responsibility for the sales
activities of conwert. Andreas Bäcker will manage the sales
activities in Austria on an interim basis.

As a consequence, the cooperation with RESAG Immobilienmakler GmbH
will be consistently reduced in the coming months. To date, conwert
has already withdrawn properties totalling more than EUR 350 million
from the sales portfolio of RESAG.

conwert creates full transparency in its sales activities by this
internalisation, which also enables conwert to realise a savings
potential amounting to between EUR 1.5 and 2.5 million annually.

51% of RESAG Immobilienmakler GmbH are held by Wiener Privatbank SE;
the remaining 49% are owned by conwert Immobilien Invest SE.

Furthermore, in the course of the ongoing review of existing
contracts with third parties conwert has cancelled service contracts
with Wiener Privatbank worth another EUR 700,000 annually.

Further inquiry note:
conwert Immobilien Invest SE,
Clemens Billek,
Investor Relations - Corporate Communications,
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