AvW Invest AG

euro adhoc: AvW INVEST AG
Results for the first three quarters of 2002 (E)

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AvW successful - Good 2002 1st - 3rd quarter result

The operating income, the operating profit and the earnings before tax could be significantly increased as compared to the same period last year. AvW INVEST AG prepares its financial statements in accordance with International Accounting Standards (IAS).

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In EUR million                                         1 - 9/2002      1 - 9/2001
Operating income                                              1.875              1.140
Operating profit                                              0.809            -0.042
Profit on ordinary activities before tax        0.534              0.213
Operating expences                                          0.921              1.049
Workforce                                                            102                  80
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The income realised during the first three quarters in the core business operation, i.e. financial services, amounted to EUR 1.697 million. In the equity investment business, AvW has acquired a shareholding in Euro Invest Bank for the financial services sector. Slight growth was reported in the real estate business.

Outlook

Progress in financial services business remains positive, so that we can expect good operating income within our core business operation. Appropriate real estate and investment business projects are continuously under review, and where opportunities present themselves, purchases are made or equity interests acquired.

The report for the 1st - 3rd quarter is also available on the Internet at www.avw.at

end of announcement            euro adhoc 19.11.2002
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Further inquiry note: AvW INVEST AG Helga Caldera Tel: +43(0)4229 3621 FAX: +43(0)4229 2386 mailto:geldanlage@avw.at http://www.avw.at

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        093040
Index:    Prime.market
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Wiener Börse AG / official dealing



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