AvW Invest AG

euro adhoc: AvW INVEST AG
Annual & Special Corporate Meetings / Results of the Annual General Meeting of AvW Invest AG

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03.05.2005

Krumpendorf (May 3, 2005). At today’s Annual General Meeting of AvW Invest AG, which is listed on the stock exchange, all items on the agenda were adopted unanimously.

The resolution on the consolidation of the company’s 910,000 preferred and 2,100,000 ordinary shares at a ratio of 1:1 was passed unanimously. The transaction is scheduled for May 30, 2005, and will by managed by Oesterreichische Kontrollbank AG. At June 1, 2005, the number of AvW’s ordinary shares listed on the ATX Prime Market will be 3,010,000.

The resolution on the authorisation of AvW's Management Board to increase the company’s share capital by 50 percent or a nominal value of EUR 1,505,000 within five years was also adopted unanimously.

The AGM also unanimously approved the proposal for the appropriation of the company's net profit. The dividend on ordinary shares comes to EUR 0.25, and a dividend of EUR 0.50 is paid on preferred shares. Compared with the previous year, this represents an increase of EUR 0.05 for both preferred and ordinary shares.

Wolfgang Auer von Welsbach, Chairman of AvW's Management Board, was "highly satisfied" with the results of the Annual General Meeting and reiterated his expectation of a growth in profits of "at least 40 percent" in 2005.

About AvW Invest AG: AvW Invest AG is a company of the AvW Group (www.avw.at). The AvW common shares (ISIN number: AT0000930409, Reuters: AVWI.VI, Bloomberg: AWS AV) are listed on the Vienna Stock Exchange at the ATX Prime Market; the AvW preferred shares (ISIN number: AT0000930425, Reuters: AVWI_p.VI, Bloomberg: AVWI AV) are on the Auctions Market. The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the areas of financial services, equity investments and real estate.

end of announcement                                euro adhoc 03.05.2005 11:47:29
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Further inquiry note: AvW INVEST AG Mag. Alexandra Anthofer http://www.avw.at

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



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