conwert Immobilien Invest SE

euro adhoc: conwert Immobilien Invest SE
Buybacks
conwert Immobilien Invest SE starts share buyback

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

25.01.2008

conwert Immobilien Invest SE starts share buyback

Vienna, 25.01.2008. The extraordinary general meeting of conwert Immobilien Invest AG passed a resolution on 25 October 2007, which authorises the Management Board to repurchase the company´s shares up to the legally defined maximum of 10% of issued capital. This authorisation is valid for a period of 18 months beginning on the date the resolution was passed. In this connection, the general meeting also confirmed the validity of the authorisation for conwert Immobilien Invest SE after the change in the company´s legal form. The resolution was published on the conwert website under www.conwert.at on 25 October 2007. The Administrative Board of conwert Immobilien Invest SE decided to make use of this authorisation and defined the following share buyback programme:

@@start.t2@@Duration:              31.01.2008 to 30.06.2008 at the latest
Class of shares:  Common shares
Planned volume:    Up to 10% of issued capital, therefore
                            a maximum of 8,535,927 common shares
Purchase price:    EUR 8.00 to EUR 11.00 per share
Form of purchase: Over the Stock Exchange
Purpose:                For the purpose permitted by § 65 (1) 8 of the
                            Austrian Stock Corporation Act, in particular for use
                            in the acquisition of companies and properties@@end@@

The Administrative Board approved this programme because the current market price of the company´s share is roughly 35% below its book value (NAV) and provides a good opportunity to buyback own shares at a cheap level to use them amongst others for later acquisitions.

Any changes as well as the transactions carried out as part of the share buyback programme will be published on the website of conwert Immobilien Invest SE under www.conwert.at in accordance with the Austrian Stock Corporation Act and the relevant publication directive.

@@start.t3@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: conwert Immobilien Invest SE
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
conwert Immobilien Invest SE, Johann Kowar, Chief Executive Officer,
T +43 / 1 / 521 45-200, E kowar@conwert.at

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

Branche: Real Estate
ISIN:      AT0000697750
WKN:        069775
Index:    WBI
Börsen:  Wiener Börse AG / official dealing



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