21.07.2005 – 08:55

Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Restructuring & Recapitalisations / Meinl European Land - disposal of some properties of the "old portfolio" in Hungary

  Disclosure announcement transmitted by euro adhoc.
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21.07.2005

Meinl European Land Limited sells a portfolio of 28 smaller
supermarkets in Hungary to Louis Delhaize, the French-Belgian retail
group, which has been operating its supermarkets in these properties
as tenant until now. All properties are part of the former Julius
Meinl portfolio, which has been taken over by Meinl European Land in
1997. The Louis Delhaize group in turn has taken over all retail
activities in Hungary from Julius Meinl group in 1999.

Meinl European Land regularly sells properties, which do no longer
meet the company’s strategy or where the return potential has been
reached. The company realised proceeds of almost EUR 17 million from
the disposal of the properties. Compared to the most recent valuation
at year-end 2004, this represents a gain of approximately 10%.

end of announcement                               euro adhoc 21.07.2005 08:05:52

Further inquiry note:

Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107
mailto:claudia.mueller@pleon-publico.com

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Börsen: Wiener Börse AG