01.10.2007 – 10:59

ECO Business-Immobilien AG

euro adhoc: ECO Business-Immobilien AG
other
ECO Business-Immobilien AG: conwert plans the acquisition of the management company ECO Management GmbH

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

01.10.2007

Vienna, 1 October 2007. The stock exchange listed conwert Immobilien 
Invest AG has today announced plans to purchase ECO Management GmbH, 
the management company of ECO Business-Immobilien AG. In the course 
of the therewith intended grouping of the real estate management 
resources, as well as after the transformation of conwert into a 
Societas Europaea (SE), Friedrich Scheck, chairman of the board of 
directors of ECO Business-Immobilien AG, shall become managing 
director of future conwert SE. In this context, Friedrich Scheck 
shall, in the course of an extraordinary general meeting of ECO 
Business-Immobilien AG to be held later this year, resign as chairman
of the board of directors and will be proposed as a member of the 
supervisory board.

By means of the consolidated management structure under the umbrella 
of the newly formed conwert SE, ECO should in future be able to 
profit from a significantly broader management expertise and 
capacity, as well as even better market access, than has previously 
been the case. ECO´s strategic focus will in future also remain on 
high-quality business real estate.

end of announcement                               euro adhoc 01.10.2007 10:21:09

Further inquiry note:

ECO Business-Immobilien AG, Friedrich Scheck, CEO, Tel +43 1 535 21 99,
E scheck@eco-immo.at

Hochegger|Financials, Roland Mayrl, Tel +43 1 504 69 87-31,
E r.mayrl@hochegger.com

Branche: Real Estate
ISIN: AT0000617907
WKN: A0D8RY
Index: Prime.market
Börsen: Wiener Börse AG / Regulated free trade