Meinl European Land Limited

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Meinl European Land Limited: Ruling by FMA MEL received administrative ruling

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 12.07.2008 Jersey, 11 July 2008. Meinl European Land Limited ("MEL") announced, that one of the board members had been served two administrative rulings. The rulings claim that MEL in the opinion of FMA had committed acts of market manipulation. The imposed fines under the rulings amount to EUR 50,000 in each case. MEL takes the view that the FMA´s rulings are based on a completely inappropriate assessment of complex facts and circumstances. Consequently, the rulings use inconclusive arguments which are contradictory in themselves and will therefore not hold up against an appeal. Furthermore, filings to the defense of MEL's board member have been ignored completely, a fact that constitutes one of several serious procedural mistakes in the ruling. In addition, some of the issues and transactions have already been dealt with in the widely publicised ruling by the appeals tribunal (UVS). MEL's board member will therefore file an appeal against these rulings with the appeals tribunal in Vienna and will take all other available legal remedies against it. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Meinl European Land Limited Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Meinl European Land Limited info@mel-cee.com Branche: Real Estate ISIN: AT0000660659 WKN: 066065 Index: Standard Market Continous Börsen: Wiener Börse AG / official market

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