Meinl European Land Limited

euro adhoc: Meinl European Land Ltd.
Justice/Processes
Meinl European Land: Announcement UVS confirms FMA rulings against MEL directors with limitations

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 29.04.2008 Jersey, April 29th 2008. Meinl European Land ("MEL") announces that the "Unabhängige Verwaltungssenat Wien" (UVS) has orally issued a ruling in today´s appellate hearing against members of the Board of Directors in which the findings of the FMA ("Austrian Financial Market Authority") regarding the text of the ad-hoc release of July 27, 2007 were largely confirmed. However, the UVS explicitly limited the relevant period to the day of July 27, 2007, while the FMA had initially indicated a period from July 27, 2007 to August 23, 2007. The members of the Board of MEL will, after service of the written ruling, appeal to the "Supreme Administrative Court" because of procedural mistakes in the proceeding and an erroneous interpretation of the law applicable to the complex set of facts. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Meinl European Land Limited Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Trimedia Bernhard Hudik +43-1-5244300 Branche: Real Estate ISIN: AT0000660659 WKN: 066065 Index: Standard Market Continous Börsen: Wiener Börse AG / official market

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