18.07.2006 – 11:47

Meinl European Land Limited

euro adhoc: Meinl European Land Limited
other
Meinl European Land: Second "investment grade" rating

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

18.07.2006

Vienna, July 18, 2006: As second international rating agency Fitch
assigned Meinl European Land Ltd. with an "investment grade" rating.
Yesterday, Standard & Poors also published an the "investment grade"
rating for the Company. Fitch rates the Company in relation to its
unsecured debt with a BBB- rating and the Company’s outlook as
"Stable", which is an excellent rating for a real estate company.
Fitch’s short-term rating is F-3.

As announced yesterday Meinl European Land intends to initiate a
Medium Term Note Program with a total value of up to EUR 2 billion.
The notes shall be placed by Merrill Lynch and Bank Bank Meinl Bank
AG jointly as lead managers. The note program, which can be drawn in
several tranches, shall be placed with institutional investors.

Note:  This announcement does not constitute or form part of any
offer for sale or subscription of, or any solicitation of any offer
to purchase or subscribe for, notes issued by the Company under the
MTN program in any jurisdiction. Any offer to subscribe for bonds
will be made solely on the basis of information that will be
contained in a prospectus to be published in due course in connection
with any such offer. The prospectus will contain certain detailed
information about the Company, as well as financial statements and
other financial data. This announcement is not for release,
publication or distribution, directly or indirectly, in whole or in
part, in or into the United States (including its territories and
possessions, any state of the United States and the District of
Columbia), Australia, Canada or Japan. This announcement is not an
offer to sell or the solicitation of an offer to buy securities in
the United States or in any jurisdiction in which such an offer or
solicitation is unlawful. No public offer of notes is being made in
the United States.   The notes have not been and will not be
registered under the US Securities Act of 1933, as amended (the
"Securities Act"), any state securities laws in the United States or
under the applicable securities laws of Australia, Canada or Japan.
Notes may not be offered or sold within the United States or to or
for the account of US persons (as defined in Regulation S under the
Securities Act) absent registration or an exemption from
registration.  The Company will not be registered under the
Investment Company Act, and investors will not be entitled to the
benefits of the Investment Company Act.

end of announcement                               euro adhoc 18.07.2006 11:11:50

Further inquiry note:

Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107
mailto:claudia.mueller@pleon-publico.at

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Auction
Börsen: Wiener Börse AG / official dealing