11.12.2006 – 09:05

AvW Invest AG

euro adhoc: AvW INVEST AG
other
AvW increases investment in S&T to more than 20 per cent

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

11.12.2006

The Austrian finance group AvW Invest AG has increased its investment
in S&T, a stock exchange listed company, to more than 20 per cent.
"Currently we are holding 20.17 per cent. Next year, we are planning
to increase this position, if the offer is correct towards the 25 per
cent mark, which will make us the largest shareholder", says Wolfgang
Auer von Welsbach, Chairman of the AvW Board of Management.
Especially the IT sector is currently experiencing a lot of movement.
Companies are newly established or repositioned all over the world.
IT companies that expand their range of products from pure hardware
to IT services and thus improve their EBIT margin will win out in the
long run.  As far as S&T is concerned, the Chairman of AvW’s Board of
Management is expecting organic growth of around 10 per cent over the
long term. In addition, further takeovers might have a very positive
effect for the company. As one of the largest IT companies in
Austria, S&T is planning to systematically expand and diversify its
service sector. "In its capacity as a strategic investor, AvW intends
to accompany and support S&T on its course of growth and expansion",
says Mr. Auer von Welsbach.

About AvW Invest AG: http://www.avw.eu AvW's shares are listed on the
Vienna Stock Exchange on  the  ATX  Prime  Market(ISIN number:
AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). 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 11.12.2006 08:30:02

Further inquiry note:

AvW INVEST AG
Nicole Kahn
Investor Relations
Tel.: 04229/3621-25
mailto:n.kahn@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