Meinl European Land Limited

euro adhoc: Meinl European Land Ltd.
other
Meinl European Land: Announcement

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Company Information

23.11.2007

Jersey, 23 November 2007. With letter dated November 22, 2007, the Vienna Stock Exchange (VSE) has terminated the Prime Market Agreement with Meinl European Land Ltd (MEL) effective with the end of December 21, 2007. VSE justifies this step with the determination of the Austrian Financial Market Authority (FMA) that by publishing the ad-hoc-release on July 27, 2007 MEL has issued misleading signals.

MEL is surprised by this step of the VSE. The ruling of the FMA is not legally binding and the VSE knows the announcement as well as the scope of the purchase of certificates since many weeks. Moreover, the information on the determinations of the FMA regarding the VSE MEL has published is not misleading because the FMA actually determined the recently announced conduct of the VSE and of third parties.

Finally, the VSE accuses MEL of having breached interests of the Prime Market but does not specify them. It should be noted that the VSE invited MEL to be listed in the Prime Market which was accepted by MEL. For all these reasons, the termination of the Prime Market Agreement by the VSE is legally unfounded.

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ots Originaltext: Meinl European Land Limited
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Dr. Herbert Langsner
+43 676 840 531 250

Branche: Real Estate
ISIN:      AT0000660659
WKN:        066065
Index:    Prime.market
Börsen:  Wiener Börse AG / official market



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