AvW Invest AG

euro adhoc: AvW INVEST AG
AvW holds 7.7% of Pankl Racing (E)

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

The Carinthian investment group AvW hereby announces that the AvW Group has increased its shareholding in the Styrian high-tech company Pankl Racing Systems AG to 7.706% (299,607 ordinary bearer shares). AvW Management Beteiligungs AG's holding has risen from 2.81% to 5.015% (195,000 shares), whilst AvW Invest AG now holds 2.691% of Pankl Racing Systems AG.

Major investments of the AvW Group are as follows: 100% AvW Wertpapierhandelshaus domiciled in Frankfurt/Germany 75% Bürger & Service GmbH domiciled in Bregenz/Austria 40% FGN Wertpapierhandelshaus und Beteiligungs AG domiciled in Frankfurt/Germany 40% New Econ AG domiciled in Wiesbaden/Germany

Listed investments: 70% AvW Invest AG - Vienna Stock Exchange, ATX Prime 10% Hirsch Servo AG - Vienna Stock Exchange, Auction Market 7.7% Pankl Racing Systems AG - Frankfurt Stock Exchange, Prime Standard

Constructive listed value investments below 5%: Constantia Group - Vienna Stock Exchange, ATX Prime Schoeller-Bleckmann - Vienna Stock Exchange, ATX Prime Rosenbauer - Vienna Stock Exchange, ATX Prime Gericom - Frankfurt Stock Exchange, SDAX

AvW will continue in future to focus its investments on a combination of value and growth stocks, and will steadily increase the size of its holdings. In the core business financial services we look for profitable enterprises in the insurance or financial service range in Austria and Germany.

AvW participating certificates of AvW Management-Beteiligungs AG are listed on the unofficial market at the Frankfurt Stock Exchange (AVWIga.F). AvW Invest ordinary shared are listed on the Vienna Stock Exchange ATX Prime Market (AVWI.VI), whilst AvW Invest preference shares are listed on the Auction Market (AVWI_p.VI). The Pankl Racing Systems AG shares are listed on the Frankfurt Stock Exchange Prime Standard (PARS.DE).

end of announcement            euro adhoc 10.06.2003

Further inquiry note: AvW INVEST AG Mag. Alexandra Anthofer http://www.avw.at

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        093040
Index:    Prime.market
Börsen:  Wiener Börse AG / official dealing
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade

Weitere Meldungen: AvW Invest AG

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