conwert Immobilien Invest SE

euro adhoc: conwert Immobilien Invest SE
Buybacks
conwert Immobilien Invest SE modifies share buyback programme

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07.04.2008

conwert Immobilien Invest SE modifies share buyback programme

Vienna, 07.04.2008. The Administrative Board of conwert Immobilien Invest SE approved a change in the terms of the current share buyback programme through a written resolution on 07 April 2008.

The extraordinary general meeting of conwert Immobilien Invest AG on 25 October 2007 authorised the Management Board to repurchase the company´s shares up to the legally defined maximum of 10% of issued capital during a period of 18 months beginning on the date of the resolution. 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.

On 24 January 2008 the Administrative Board of conwert Immobilien Invest SE decided to make use of this authorisation and defined the following share buyback programme:

+ 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 Vienna 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.

The Administrative Board of the company has now amended the share buyback programme that was approved on 24 January 2008 through a written resolution dated 7 April 2008 to reflect a new price range of EUR 8.00 to EUR 12.20 for the purchase of conwert shares.

This change in the purchase price range is intended to reflect the strong increase in NAV to EUR 16.25 as of 31 December 2007, whereby a maximum purchase price of EUR 12.20/share still reflects a 25% discount.

The terms of the amended share buyback programme are as follows:

+ 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 12.20 per share + Form of purchase: Over the Vienna 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

Any changes as well as the transactions carried out as part of the share buyback programme will be announced 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.

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

Further inquiry note:
conwert Immobilien Invest SE

Johann Kowar, Chairman of the Executive Board, T +43 / 1 / 521 45-200,
E kowar@conwert.at

Peter Sidlo, Head of Investor Relations, T +43 / 1 / 521 45-250,
E sidlo@conwert.at

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



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