Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Capital measures
Meinl European Land: Largest capital increase in the Company’s history successfully completed Proceeds of EUR 1.48 billion for further growth

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Jersey, 9 February 2007. Meinl European Land has successfully completed the largest capital increase in the Company’s history. All shares have been placed. As a result of Meinl European Land’s sustainable dynamic growth within the last years the capital increase has seen an increased international interest.

"We feel very comfortable with the result of the capital increase. The strong interest underlines, that Meinl European Land’s strategy to invest in high profitable retail real estate in the growing markets in CEE, finds high acceptance on the capital markets" explains Francis Lustig, Spokesman of Meinl European Land. "The gross proceeds of EUR 1.48 billion shall enable Meinl European Land’s continuing dynamic expansion." On the one hand proceeds will be used to finance the projects, which have been firmed up recently. In addition, several real estate projects are in advanced process of negotiation and are expected to reach the signature stage within this quarter. These projects’ realization is secured with the proceeds of the capital increase as well.

Meinl European Land’s portfolio includes 153 retail properties as well as 36 development projects with a total value of approximately EUR 4.5 billion as of today. A further significant increase of the portfolio may be expected based on the substantial project pipeline of around EUR 1.9 billion.

As a result of the capital increase, 300 million Meinl European Land shares will be listed on the Vienna Stock Exchange as of next week. With a market capitalization of almost EUR 6 billion Meinl European Land belongs to the largest European real estate companies.

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ots Originaltext: Meinl European Land Limited
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Branche: Real Estate
ISIN:      AT0000660659
WKN:        066065
Index:    Standard Market Auction
B√∂rsen:  Wiener B√∂rse AG / official dealing

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