AvW Management-Beteiligungs AG

euro adhoc: AvW Gruppe AG
AvW sells 25% share in Pankl Racing

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 27.04.2007 Fresh capital for investments in the financial and IT sectors The AvW Group has sold its shares in Pankl Racing (PARS.VI). Above the purchase price silence was agreed."For us, this constitutes a fair offer which we were pleased to accept", says Wolfgang Auer von Welsbach, Chairman of the AvW Management Board, and explains the reasons for the divestment: "In addition to the positive fundamental data, we always look at potential takeover opportunities with respect to our investments.If this is no longer an option, as was the case with our small cap investment in Pankl, then AvW divests of such interests and looks for new investments that offer high potential for future growth." AvW had been a shareholder in the Austrian supplier to the racing industry for more than four years. As a result of the transaction, AvW realised a net profit of more than EUR 10 million. Reinvestment in financial and IT stocks planned The fresh capital is primarily earmarked for expanding AvW's existing investments in the financial and IT sectors. "Here, the growth rates are particularly strong, and there is also great potential for future takeovers", says Mr. Auer von Welsbach. About AvW Gruppe AG AvW Gruppe AG is an Austrian investment company focusing on small caps in Austria, Germany, Asia and Australia. AvW participating certificates (AVWIga.F, ISIN AT0000703269) of the AvW Group are listed on the Frankfurt Stock Exchange. More information about AvW is available on the Internet at www.avw.eu. end of announcement euro adhoc 27.04.2007 08:29:30 -------------------------------------------------------------------------------- ots Originaltext: AvW Management-Beteiligungs AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: AvW Gruppe AG Nicole Kahn Investor Relations Tel.: 04229/3621-25 mailto:n.kahn@avw.at Branche: Economy, Business & Finance ISIN: AT0000703269 WKN: 763759 Börsen: Frankfurter Wertpapierbörse / free trade

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