conwert Immobilien Invest AG

euro adhoc: conwert Immobilien Invest AG
other
conwert plans conversion into a Societas Europaea (SE)

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22.09.2007

conwert plans conversion into a Societas Europaea (SE)

Vienna, 22 September 2007. conwert Immobilien Invest AG (Vienna Stock Exchange: CWI, Reuters: CONW.VI, Bloomberg: CWI AV) intends to change its corporate form into a Societas Europaea (SE). The Management Board plans to request the approval of this conversion at an extraordinary general meeting of conwert's shareholders, which is planned for the end of October 2007.

The Management Board of conwert Immobilien Invest AG has set up a conversion plan for this proposed conversion. The conversion plan provides that conwert shall be converted into a SE with a one-tier board system. After the conversion, conwert will therefore have a sole administrative body (the so-called Verwaltungsrat) in accordance with international standards. The conversion from a stock corporation under Austrian law ("Aktiengesellschaft") into a SE will not involve any change in the legal identity of the company or a transfer of the corporate headquarters. Furthermore, there will be no changes in the shareholders' rights, publication requirements under stock exchange law or the shareholders' participation in the company.

The proposed conversion into a SE is a part of the plans announced by the Management Board for the strategic repositioning of conwert. All measures relating to this strategic repositioning will be presented presumably in early October 2007, after the necessary preparations have been finalised.

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ots Originaltext: conwert Immobilien Invest AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
conwert Immobilien Invest AG, Johann Kowar, Chairman of the Management Board,
T +43 / 1 / 521 45-200, E kowar@conwert.at

Hochegger|Financials, Roland Mayrl,
T +43 / 1 / 504 69 87-31, E r.mayrl@hochegger.com

Branche: Real Estate
ISIN:      AT0000697750
WKN:        069775
Index:    WBI
Börsen:  Wiener Börse AG / official dealing



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