conwert Immobilien Invest AG

euro adhoc: conwert Immobilien Invest AG
Capital measures
conwert Immobilien Invest AG: Issue of convertible bonds with a volume of up to ca. Euro 200 million

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07.11.2007

Not for publication in or distribution to United States of America, Canada, Japan, Italy and Australia or to publications with a general circulation in the United States.

conwert Immobilien Invest AG: Issue of convertible bonds with a volume of up to ca. Euro 200 million

Vienna, 7 November 2007. conwert Immobilien Invest AG, listed on the Vienna Stock Exchange, offers convertible bonds with an offering size of up to ca. EUR 200 million. conwert uses the authorization granted by the Annual General Meeting on 4 June 2007. The convertible bonds entitle for the subscription of up to approx. 12.8 million conwert shares. The maturity is 7 years. The shareholders´ pre-emptive rights are excluded. conwert contemplates the inclusion of the convertible bonds into trading on the Third Market of the Vienna Stock Exchange.

The annual coupon is 1.50% while the yield to maturity will probably be between 2.50 and 3.00% per annum and the conversion premium at the time of issue will be between 30 and 35% above the reference share price. The convertible bonds will be offered at 100% of the nominal value of EUR 100,000. Due to the difference between coupon and yield the redemption price amounts to between 107.55 and 111.49%. This means that the effective conversion premium at maturity will be between 39.81 and 50.52%.

conwert will use the proceeds from the offering for the financing of the acquisition of 25 real estate management and real estate service companies approved by the Extraordinary General Meeting on 25 October 2007 as well as for the further expansion of the company and respective investment opportunities.

The convertible bonds will solely be sold to institutional investors outside of the USA, Canada, Australia, Italy and Japan. There will be no public offering for the convertible bonds. Credit Suisse and UniCredit Markets and Investment Banking act as Joint Bookrunners of the issue.

The information contained herein is not for publication in or distribution to United States of America, Canada, Japan and Australia, or to publications with a general circulation in the United States. This is not an offer for sale of the securities in the United States, Austria or any other jurisdiction. The bonds and the shares to be issued or delivered upon conversion of the bonds ("Securities") referred to herein have not been and will not be registered pursuant to the US Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. No public offering of the securities will be made in the United States.

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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, CEO, 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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