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Buybacks
conwert Immobilien Invest SE modifies share buyback programme

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

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

Plus de actualités: conwert Immobilien Invest SE
Plus de actualités: conwert Immobilien Invest SE