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ECO Business-Immobilien AG

euro adhoc: ECO Business-Immobilien AG
Restructuring & Recapitalisations
ECO Business Immobilien AG launches capital increase

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12.06.2007

Vienna, June 12, 2007. ECO Business Immobilien AG (ISIN: AT0000617907) has resolved to increase the company´s share capital by issuing up to 17,500,000 new shares and up to 2,500,000 new shares to cover over-allotments. ECO Business Immobilien AG, which is listed on the Prime Market of the Vienna Stock Exchange, reports that on June 12, 2007 the Austrian Financial Market Authority approved a prospectus for the company´s public offer.

Existing shareholders are granted subscription rights at a ratio of 4 new shares for every 5 existing shares, which may be exercised during the subscription period, which commences on June 13, 2007 and is expected to end on June 27, 2007. Subscription rights not exercised by the end of the subscription period will expire and become void. The maximum price was set at EUR 16 per new share. The final subscription and offer price will be determined in a book-building process and announced on or around June 28, 2007.

If and to the extent any of the up to 17,500,000 offer shares are not subscribed for in the rights offering, such remaining offer shares will be offered in a global offering consisting of a public offering to retail and institutional investors in Austria and private placements outside of Austria. The offer period commences on June 13, and is expected to end on or about June 27, 2007 for retail shareholders and on or about  June 28, 2007 10 a.m. CEST for institutional investors, but may be shortened, extended or terminated at any time.

Trading in the new shares in the Prime Market segment of the Vienna Stock Exchange is expected to commence on or about June 29, 2007.

The offer also provides for a greenshoe option of up to 2,500,000 additional new shares to the extent required to fulfil subscriptions or to cover potential over-allotments.

The new shares carry full dividend rights as from January 1, 2007.

conwert Immobilien Invest AG has agreed vis-à-vis ECO to exercise its subscription rights in order to at least maintain its current 15.3% interest in ECO Business-Immobilien AG.

Merrill Lynch International, Erste Bank der oesterreichischen Sparkassen AG and Wiener Privatbank Immobilieninvest AG will act as Joint Bookrunners.

In a press conference to be held on June 13, 2007, the CEO of ECO Business Immobilien will provide further details of the capital increase and report on the Company´s strategic position as well as the use of proceeds.

Not for release, publication or distribution in the United States.

This release and its contents constitute neither an offer to sell nor a solicitation to buy any securities of ECO Business-Immobilien AG. A prospectus prepared in accordance with the Austrian Capital Market Act was published and is available free of charge at ECO Business-Immobilien AG, Albertgasse 35, 1080 Vienna, and at Wiener Privatbank Immobilieninvest AG, Hohenstaufengasse 5, 1010 Vienna, and at Erste Bank der oesterreichischen Sparkassen AG, Graben 21, 1010 Vienna, during usual business hours. The public offer by ECO Business-Immobilien AG in Austria has not yet started. Any securities orders received prior to the commencement of the subscription and offer period will be rejected. The offer in Austria is being made solely by means, and on the basis of the prospectus approved by the Austrian Financial Market Authority

Not for release, publication or distribution in the United States.

This press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States, Austria, Germany or any other jurisdiction. The shares of ECO Business-Immobilien AG (the "Shares") may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. ECO Business-Immobilien AG does not intend to register any portion of the offering in the United States or to conduct a public offering of Shares of ECO Business-Immobilien AG in the United States. No public offer of the Shares is intended to take place in Germany. It is therefore not intended to publish a securities prospectus in Germany.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged in only with, relevant per-sons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

The Joint Bookrunners are each acting solely for ECO Business-Immobilien AG and no one else and will not be responsible for providing the protections afforded to their customers, respectively nor for providing advice in relation to the transaction. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Joint Bookrunners or by any of their affiliates or agents as to or in relation to the accuracy or completeness of this release, or any other written or oral information made available to or publicly available to any interested party or its advisers and any liability therefore is hereby expressly disclaimed.

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ots Originaltext: ECO Business-Immobilien AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
ECO Business-Immobilien AG, Friedrich Scheck, CEO, Tel +43 1 535 21 99,
E scheck@eco-immo.at

Hochegger|Financials, Roland Mayrl, Tel +43 1 504 69 87-31,
E r.mayrl@hochegger.com

Branche: Real Estate
ISIN:      AT0000617907
WKN:        A0D8RY
Index:    Prime.market
Börsen:  Wiener Börse AG / Regulated free trade



Weitere Meldungen: ECO Business-Immobilien AG

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