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AvW Invest AG

euro adhoc: AvW INVEST AG
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AvW Invest acquires a new interest in Germany and Australia

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
31.01.2006
The Austrian company AvW Invest AG has acquired a four per cent
interest in the Bavarian IT systems company Cancom (COKG.DE), at a
cost of around one million euros.  The Cancom Group is valued at only
eleven per cent of the 2006 profits, the price to book ratio is 1.1
and the 2006 price to sales ratio is 0.1.
AvW Invest AG now has a further significant interest in the IT
sector, alongside its holding in the Austrian IT company S&T.
AvW Invest AG has also just acquired a 1.5 per cent interest in the
Australian silver mine Macmin (MMN.AX), which has developed from a
purely exploration company to a production company in the first
quarter of 2006.  The silver mine in South Queensland is about to
become operational.  The Macmin silver mine is also one of the few
silver mines in the world that produces pure silver (so called
"silver powder").  A total of around one million Australian dollars
was spent on this investment.
At the present time AvW Invest AG has the following stock exchange
listed holdings:
Approx. 13 % S&T AG (SNTS.VI) Approx. 12 % Hirsch Servo AG (HISE.VI)
Approx. 6 % Cash Financial Services Group (8122.HK) Approx. 5 % Pankl
Racing Systems AG (PARS.DE) (AvW Group approx . 21 %) Approx. 4 %
Cancom AG (COKG.DE) Approx. 1,5 % Macmin (MMN.AX) Approx. 1 %
Equigold (EQI.AX) (AvW Group approx . 2 %) Approx. 1 % Pan Sino
(8260.HK) (AvW Group approx . 2 %) Approx. 1 % Pine Technology
(8013.HK)
In the real estate sector, a further property has been acquired in
Carinthia, more specifically at Velden am Wörthersee.  This brings
the total number of properties owned by AvW Invest AG in Austria to
eight.
For the current business year, AvW Chairman Wolfgang Auer von
Welsbach says that further new investments will be made, the aim
being to promote further diversification and in particular to become
active in the raw materials sector and in Asia.
The balance sheet figures for the financial year ended will be
announced on 29 March 2006.  A further significant rise in net
profits is expected for the current year, based primarily on the core
business of financial services and the investment banking activity.
About AvW Invest AG: AvW Invest AG is a company of the AvW Group
(www.avw.at).  AvW Invest shares are listed on the Vienna stock
exchange in the ATX Prime Market (ISIN number: AT0000930409, Reuters:
AVWI.VI).  The Austrian company, which has its registered office in
Krumpendorf am Wörthersee, specialises in the fields of financial
services, participations and real estate.
end of announcement                               euro adhoc 31.01.2006 08:06:33

Further inquiry note:

AvW Invest AG
Nicole Kahn
Investor Relations
Tel.: 04229/3621-25
mailto:n.kahn@avw.at

Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Prime.market
Börsen: Frankfurter Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Wiener Börse AG / official dealing

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