27.09.2005 – 08:35

AvW Invest AG

euro adhoc: AvW INVEST AG
other
AvW INVEST increases participation in CASH to more than 5 percent

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

27.09.2005

AvW INVEST AG increases its participation in the Chinese Cash
Financial Services Group (CFSG), which is headquartered in Hong Kong,
to more than five percent. This makes AvW Invest AG the largest
European shareholder and strategic investor of CFSG. The purchase
price is approximately 1.6 million euros. By means of a 750 million
capital increase, CFSG will increase its capital stock from its
current level to approximately 1.3 billion shares.

In the course of this capital increase of CFSG, AvW Invest AG has
acquired 40 million shares. Thus, AvW Invest AG now holds a total of
71.5 million shares, which is approximately 5.4 percent of CFSG’s
capital stock. The required registration with the regulatory
authorities in Hong Kong is the responsibility of CFSG.

With this acquisition, AvW Invest AG continues its course of
expansion in the financial services area. In addition, this step is
an excellent preparation for the distribution of the AvW security
bond in China. "This strategic participation constitutes another
important step towards Asia," says Wolfgang Auer of Welsbach,
Chairman of AvW’s Board of Management. "This acquisition makes us the
first Austrian company with a large-scale participation in a Chinese
financial services provider that is listed on the stock exchange."

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

AvW Invest AG holds investments in the following stock exchange
listed companies:  Hirsch Servo (HISE.VI) - 11 percent, S&T (SNTS.VI)
- 10 percent, Pankl (PARS.DE) - 5 percent (in total, the AvW Group
holds 20 percent), Cash Financial Services Group (8122.HK) - 5
percent.

end of announcement                               euro adhoc 27.09.2005 08:02:57

Further inquiry note:

AvW Invest AG
Dr. Ernst Wilde
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