19.05.2004 – 08:43

Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Financing, Stock Offerings / Meinl European Land Limited pushes Expansion Acquisition of two additional hypermarkets in the Czech Republic Portfolio with today 142 properties with a total area of 400.000 sqm Fur

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

Vienna, 19th May 2004, Meinl European Land, the Vienna Stock Exchange
listed real estate investment company with a focus on the property
markets in Central and Eastern Europe, pushes its expansion and
acquires two additional properties in the Czech Republic. With today,
Meinl European Land owns 142 properties with a total area of around
400.000 sqm.

Additional acquisition in the Czech Republic

The successful real estate investment company Meinl European Lands
announce the closing of contracts of two additional hypermarkets in
the Czech Republic for a total investment value of 31 million Euro.
These acquisitions follow the acquisition of two smaller properties
longterm leased by the dutch retail group AHOLD earlier in May, will
generate a yearly yield of 10.13% and 10.50%. The both hypermarkets,
which are longterm leased by the Spar group will increase Meinl
European Land’s rental income by around 3 million Euro per year.

Meinl European Land’s property value in 2004 increased by 25%

In 2004 the company has already acquired 10 new properties in the
Czech Republic and in Hungary which have a total area of nearly
60.000 sqm. With today Meinl European Land owns 142 retail properties
with a total rentable area of 398.000 sqm. Companies’ portfolio has a
total value of more than 270 million Euro, 25% more than in the end
of 2003, while the rental income per year has been increased up to 25
million Euro.

Further capital increase planned

Additional properties with a total value of nearly 200 million Euro
are under a due dilligence process. Following Meinl European Land
plans to exercise a further capital increase within this quarter to
continue the dynamic expansion. This expansion will not only contain
further properties in the Czech Republic and Hungary, the company
also plans the expansion to other Eastern European countries such as
Poland, Romania or the European part of Russia.

end of announcement        euro adhoc 19.05.2004

Further inquiry note:

ECC Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107
mailto:claudia.mueller@ecc-publico.com

Branche: Real Estate
ISIN: AT0000660659
WKN:
Index: Standard Market Auction
Börsen: Wiener Börse AG / official dealing