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

Company Information

09.07.2008

St Helier, Jersey, 9 July 2008: Meinl European Land Limited ("MEL" or
the "Company") announced today that Peter Baguley, currently property
director at J Sainsbury plc and formerly property and investor 
relations director at Boots PLC (now Alliance Boots), both 
London-listed FTSE 100 companies, has agreed to become an independent
non-executive director of MEL.  Mr Baguley is also on the advisory 
boards of the British Council of Shopping Centres and Retail Week 
(the UK´s leading retail trade magazine) and is a member of the Bank 
of England Property Forum.

Mr Baguley´s appointment will take place, and is conditional upon 
closing of the investment in the Company by CPI/Gazit Holdings 
Limited ("CPI/Gazit"), a joint venture between Gazit-Globe Ltd 
("Gazit"), a multinational real estate investment company listed on 
the Tel Aviv Stock Exchange (TASE:GLOB), and CPI Austria Holdings 
Limited ("CPI Austria"), a wholly-owned subsidiary of CPI Capital 
Partners Europe LP (and its parallel funds), a real estate fund 
advised by Citibank International plc through its business unit, Citi
Property Investors.  Closing of the investment is subject to a number
of conditions, including certificate/shareholder approvals which will
be sought at the extraordinary general meeting of the Company to be 
held on 16 July 2008.

In addition, upon closing of the investment, the Company´s name will 
be changed to Atrium European Real Estate and an internal management 
structure will be adopted with a new management team.

The appointment of Mr Baguley to the board is subject to appropriate 
Jersey Financial Services Commission approval requirements.

end of announcement                               euro adhoc

Further inquiry note:

London Austria
Citigate Dewe Rogerson Trimedia
Michael Berkeley Bernhard Hudik
Sally Marshak +43 676 842 44381
+44 20 7638 9571 +43 1 5244 300

For questions pertaining to Peter Baguley:

London Austria
Financial Dynamics Dr. Viktor Bauer PR GmbH
Stephanie Highett Dr Viktor Bauer
Richard Sunderland Mag. Anita Köninger
Laurence Jones viktor.bauer@viktorbauer.com
+44 (0)20 7831 3113 +43 (1) 320 95 45 18

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