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Meinl European Land Limited

euro adhoc: Meinl European Land Ltd.
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Meinl European Land: Announcement

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
21.11.2007
Jersey, 21st November 2007. Yesterday evening, the Board of Directors
of Meinl European Land has received an administrative verdict issued 
by the Austrian Financial Markets Authority (FMA). In this verdict, 
the FMA raises the claim, that Meinl European Land Limited may have 
given misleading signals in connection with an announcement of the 
call for a shareholders´ meeting held on 23rd August 2007. The Vienna
Stock Exchange, an institution under the supervision of the FMA, is 
accused of contributing to the dissemination of misleading 
information. This verdict has not grown into legal force; the Board 
of Directors is determined to appeal against.
The Company takes the view the this verdict by the FMA will not hold 
up against an appeal; in particular grave procedural mistakes have 
been made, insufficient evidence has been collected, the verdict is 
internally inconsistent and the arguments are inconclusive. 
Furthermore, the verdict completely ignores the continuing 
involvement of the FMA in the whole process, in particular the fact 
that the FMA has regularly approved the prospectuses of the Company, 
that the FMA was informed about purchases of certificates on a daily 
basis, and that the disclosure requirements with respect to the 
shareholders´ meeting were coordinated in detail with the FMA.
The Board of Directors will take all legal measures in order to 
defend against the verdict. The financial consequences amount to EUR 
20,000.- for each member of the Board of Directors; further financial
consequences from this verdict for the Company are considered non 
material.
end of announcement                               euro adhoc 21.11.2007 10:18:34

Further inquiry note:

Dr. Herbert Langsner
+43 676 840 531 250

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Prime.market
Börsen: Wiener Börse AG / official market

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