28.12.2006 – 07:31

Immofinanz Immobilien Anlagen AG

IMMOFINANZ Increases EBIT by 52.5 Percent in First Half of 2006/07

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IMMOFINANZ Increases EBIT by 52.5 Percent in
First Half of 2006/07

. Revenues increase to 240 million Euro
    . NAV per share increases to 10.30 Euro
    . Extensive investments in CEE and Germany

IMMOFINANZ AG has been highly successful  in  the  first  half  of
the  2006/07 business year. Operating profit (EBIT)  improved  by
52.5  percent  from  197.6 million to 301.4 million Euro, while
earnings before tax (EBT) rose by  an  even higher margin of 56.7
percent from 185.7  to  291.0  million  Euro.  Key  growth figures
were strongly up as well: revenues increased by 31.3 percent from
182.3 million to 239.3 million Euro despite considerable  investments
in  development projects, which will generate rental income only in
subsequent periods.

There was an especially strong increase in  real  estate  assets.
Usable  space rose by 54.6 percent from 5.81 million m² to  9.0
million  m².  The  number  of properties rose  from  1,818  to  2,324
objects.  The  portfolio's  fair  value exceeded ten billion Euros
for the first time, reaching 10.59  billion  Euro  by the end of the
second quarter (previous  year  5.62  billion  Euro).  Additional
transactions that occurred after the end of the  reporting  period
pushed  real estate assets to a record level of 11.76 billion Euro, a
gain of  109.1  percent on an annual basis.

The company's net asset value (NAV) increased sharply, too. NAV per
share  based on the assets and liabilities in the balance sheet  was
9.65  Euro  as  of  the closing date. NAV per share based on the
market value of  IMMOFINANZ's  interest in IMMOEAST was 10.30 Euro
(based on the share price of IMMOEAST as  of  October 31, 2006).

All three regional subsidiaries showed markedly positive
development.  IMMOEAST enhanced its position as the leading investor
in CEE. The considerable  rise  in IMMOEAST share price increased the
value of IMMOFINANZ's stake  in  it  to  more than three billion Euro
as of the  middle  of  December.  IMMOAUSTRIA  was  very successful
in its efforts to boost revenue  from  its  existing  portfolio.  The
performance index "IPD Austria" that was recently published for the
first  time revealed that IMMOFINANZ's portfolio had a total return
of 7.8  percent,  nearly one-third above the market average of 5.9
percent. IMMOWEST expanded its  German portfolio, especially in the
logistics sector. The sale of most of its  interest in ProLogis
resulted  in  a  profit  of  15  million  Euro.  The  sale  of  four
properties in Italy generated substantial profit, too.

INVESTOR RELATIONS INFORMATION

. PRESS RELEASE available at 10:00 a.m. CET:

http://www.immofinanz.com/english/05news/press.htm

. REPORT ON THE FIRST HALF YEAR as of 31 October 2006:

http://www.immofinanz.com/english/02ir/berichte.htm

end of announcement                               euro adhoc 28.12.2006 07:30:00

Further inquiry note:

MMag. Dr. Karl Petrikovics
Vorstandsvorsitzender der Immofinanz
Immobilien Anlagen AG
Tel.: +43 1 536 16-400
mailto:investor@constantia.at

Branche: Real Estate
ISIN: AT0000809058
WKN: 911064
Index: ATX Prime
Börsen: Wiener Börse AG / official market