Meinl European Land Limited

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MEINL EUROPEAN LAND ANNOUNCES PETER BAGULEY AS INDEPENDENT DIRECTOR

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 09.07.2008 St Helier, Jersey, 9 July 2008: Meinl European Land Limited ("MEL" or the "Company") announced today that Peter Baguley, currently property director at J Sainsbury plc and formerly property and investor relations director at Boots PLC (now Alliance Boots), both London-listed FTSE 100 companies, has agreed to become an independent non-executive director of MEL. Mr Baguley is also on the advisory boards of the British Council of Shopping Centres and Retail Week (the UK´s leading retail trade magazine) and is a member of the Bank of England Property Forum. Mr Baguley´s appointment will take place, and is conditional upon closing of the investment in the Company by CPI/Gazit Holdings Limited ("CPI/Gazit"), a joint venture between Gazit-Globe Ltd ("Gazit"), a multinational real estate investment company listed on the Tel Aviv Stock Exchange (TASE:GLOB), and CPI Austria Holdings Limited ("CPI Austria"), a wholly-owned subsidiary of CPI Capital Partners Europe LP (and its parallel funds), a real estate fund advised by Citibank International plc through its business unit, Citi Property Investors. Closing of the investment is subject to a number of conditions, including certificate/shareholder approvals which will be sought at the extraordinary general meeting of the Company to be held on 16 July 2008. In addition, upon closing of the investment, the Company´s name will be changed to Atrium European Real Estate and an internal management structure will be adopted with a new management team. The appointment of Mr Baguley to the board is subject to appropriate Jersey Financial Services Commission approval requirements. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Meinl European Land Limited Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: London Austria Citigate Dewe Rogerson Trimedia Michael Berkeley Bernhard Hudik Sally Marshak +43 676 842 44381 +44 20 7638 9571 +43 1 5244 300 For questions pertaining to Peter Baguley: London Austria Financial Dynamics Dr. Viktor Bauer PR GmbH Stephanie Highett Dr Viktor Bauer Richard Sunderland Mag. Anita Köninger Laurence Jones viktor.bauer@viktorbauer.com +44 (0)20 7831 3113 +43 (1) 320 95 45 18 Branche: Real Estate ISIN: AT0000660659 WKN: 066065 Index: Standard Market Continous Börsen: Wiener Börse AG / official market

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