Meinl European Land Limited

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

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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.

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ots Originaltext: Meinl European Land Limited
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Further inquiry note:
Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107

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

Weitere Meldungen: Meinl European Land Limited

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