S IMMO AG

EANS-Adhoc: S IMMO AG decides to launch share repurchase programme

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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03.10.2011

S IMMO AG decides to launch share repurchase programme

The Management Board of S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN:
AT0000652250, AT0000795737 and AT0000630694) has resolved today to make use of
the authorisation to repurchase treasury shares granted by the resolution of
the 21st Annual General Meeting on 21 May 2010 and to repurchase up to 3% of
the shares issued by the Company, i.e. up to 2,043,561 no-par value shares, by
way of a share repurchase programme.

According to the above mentioned General Meeting resolution the Management
Board has been authorised to repurchase up to 10% of the registered share
capital of S IMMO AG within 30 months following the day of the General Meeting
in accordance with section 65 para 1 no 8 of the Austrian Stock Corporation
Act. This resolution was published on 21 May 2010 in accordance with section 82
para 8 and 9 of the Austrian Stock Exchange Act, on the website of S IMMO AG
and in the official gazette of the Wiener Zeitung (Amtsblatt zur Wiener
Zeitung) dated 29/30 May 2010.

The Company now intends to repurchase via the stock exchange treasury shares up
to 3% of the registered share capital, i.e. up to 2,043,561 no-par value shares
of the Company. The repurchase is made for any purpose allowed by section 65
para 1 no 8 of the Austrian Stock Corporation Act. The Company reserves the
right to cancel the acquired treasury shares, to build-up an acquisition
currency for potential share and real estate acquisitions or resell the shares
via the stock exchange. The repurchase programme shall start on 06 October 2011
and is expected to end on 31 May 2012 at the latest.

The repurchase relates to the no-par value bearer shares (ordinary shares) of S
IMMO AG (ISIN: AT0000652250) and will be effected via the Vienna Stock
Exchange. The maximum price per share shall not be more than 15% above the
respective average market price over the three trading days preceding the
respective repurchase and the minimum price per share shall not be lower than
the pro rata amount of the registered share capital per share.

This publication also serves as publication pursuant to section 4 and 5 of the
Austrian Disclosure Regulation 2002 (BGBl II 2002/112 - VeröffentlichungsV).
The publication of any changes in the repurchase programme pursuant to section
6 of the Austrian Disclosure Regulation as well as the publication of the
transactions effected in the course of the repurchase programme pursuant to
section 7 of the Austrian Disclosure Regulation will be made on the website of
S IMMO AG http://www.simmoag.at/en/investor-relations/share-repurchase.

This publication shall not constitute an offer for the acquisition of S IMMO
Shares and shall not create any obligation of the Company to accept any offers
for the repurchase of S IMMO Shares.


Further inquiry note:
Investor Relations:
Sylwia Milke
phone: +43(0)50100-27402
fax:  +43(0)05100-927402
mailto:sylwia.milke@simmoag.at
www.simmoag.at

Corporate Communications:
Bosko Skoko
phone: +43(0)50100-27522
fax:  +43(0)05100-927522
mailto:bosko.skoko@simmoag.at
www.simmoag.at

end of announcement                               euro adhoc 
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issuer:      S IMMO AG 
             Friedrichstraße  10
             A-1010 Wien
phone:       +43(0)50100-27550
FAX:         +43(0)050100-927559
mail:     office@simmoag.at
WWW:      www.simmoag.at
sector:      Real Estate
ISIN:        AT0000652250
indexes:     ATX Prime, IATX
stockmarkets: official market: Wien 
language:   English
 



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