06.12.2005 – 08:31

AvW Invest AG

euro adhoc: AvW INVEST AG
Earnings Forecast
AvW Invest again increases profit forecast

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  The issuer is responsible for the content of this announcement.

06.12.2005

Krumpendorf (December 6, 2005) AvW Invest AG has significantly
increased its profit forecast for the 2005 financial year, which
looks set to be the third record year in succession for the company.
AvW is now anticipating an increase in profits of at least 100 per
cent (current increase: at least 85 per cent). Consequently, from
today’s point of view, the earnings per share will range between EUR
1.35 and EUR 1.45.

According to Wolfgang Auer von Welsbach, Chairman of the AvW Board of
Management, this new increase of the profit forecast is due to more
certainty regarding the earnings results for the 2005 financial year
as a whole.

There have also been changes in the equity investments of AvW Invest
AG. The holdings in the Austrian Hirsch Servo (HISE.VI) small caps
were increased from 11 to 12 per cent, and those in S&T (SNTS.VI)
from 10 to 13 per cent.

AvW Invest AG’s balance sheet press conference will take place on
March 29, 2006.

About AvW Invest AG:

AvW Invest AG is a company of the AvW Group (www.avw.at). AvW’s
shares are listed on the Vienna Stock Exchange on the ATX Prime
Market (ISIN number: AT0000930409, Reuters: AVWI.VI). The Austrian
company, which is domiciled in Krumpendorf at Lake Wörthersee,
specialises in the fields of financial services, equity investments
and real estate.

end of announcement                               euro adhoc 06.12.2005 07:56:47

Further inquiry note:

AvW Invest AG
Dr. Ernst Wilde
Investor & Public Relations
Tel.: 04229/3621-24
mailto:e.wilde@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