AvW Invest AG

euro adhoc: AvW INVEST AG
other
AvW Invest extends mandates of Board members and continues acquisition strategy

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29.12.2005

At AvW Invest AG’s most recent Supervisory Board meeting, the management contracts of Wolfgang Auer von Welsbach, Chairman of the Board of Management, and of the two Board members Maria Auer von Welsbach and Johann Linz were extended until the end of November 2011.

In addition, AvW Invest AG acquired a holding of approx. 1 per cent in the Hong Kong Stock Exchange listed company Pine Technology (Reuters: 8013 HK), a high-tech manufacturer of computer components. In the 2004/05 financial year, Pine Technology’s volume of sales came to about USD 264 million.

The AvW Group also purchased 100 kg of bullion bars. This is the Group’s first acquisition of physical gold, which is intended to serve as a long-term commodity investment. Furthermore, the AvW Group acquired a 2 per cent interest in the German high-tech company Euromicron (Reuters: EUCG:DE), which is active in the field of optical fibre technology.

For the coming year, Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management, predicts above-average development for growth companies in the high-tech sector. "We assume that these companies in particular will achieve a better performance than the overall market."

About AvW Invest AG:

AvW Invest AG is a company of the AvW Group (www.avw.at). AvW’s shares are listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI). The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the fields of financial services, equity investments and real estate.

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ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
AvW Invest AG
Nicole Kahn
Investor Relations
Tel.:  04229/3621-25
mailto:n.kahn@avw.at

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        892661
Index:    Prime.market
Börsen:  Frankfurter Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Wiener Börse AG / official dealing



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