13.05.2008 – 08:52

AvW Invest AG

euro adhoc: AvW Invest AG
quarterly or semiannual financial statement
AvW INVEST reaffirms targeted growth in profits for 2008

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

quaterly report

13.05.2008

-       Earnings per share to reach at least EUR 5.00 over the whole year
-       Earnings per share EUR 0.64 for Q1
-       Investment in Realtech raised to 15.7 per cent
-       Investment in Nextevolution raised to 21.9 per cent

AvW INVEST AG, which is represented in the ATX Prime Market of the 
Vienna Stock Exchange, is aiming to achieve a new record result in 
2008. The earnings per share are projected to reach at least EUR 5.00
(2007: EUR 4.32), which corresponds to an increase of at least 15 per
cent. "We are anticipating to achieve a significant increase in 
profits," says Wolfgang Auer von Welsbach, Chairman of the AvW Board 
of Management.

Since the beginning of the year, AvW INVEST has invested around EUR 5
million in the expansion of its portfolio of equity holdings. 
Acquisitions of equity interests focused primarily on the IT sector, 
for example D+S Europe, a German provider of e-commerce services. 
There were no sales of investments in the first quarter of 2008.

For this reason, the earnings per share stood at EUR 0.64 for the 
first quarter of the current financial year (2007: EUR 1.13). The 
operating result came to EUR 3.178 million (2007: EUR 4.968 million) 
, and earnings before tax to EUR 2.868 million (2007: EUR 4.540 
million).

in Mio. EUR        1st Qu 2008  1st Qu 2007 Increase
                                               in %
Operating income            3,908   5,673      -31
Operating result            3,178   4,968      -36
Profit before taxes         2,868   4,540      -36
Net profit for the period   1,920   3,403      -44
Balance sheet total        67,271  80,331      -16
Earnings per share in EUR   0,64    1,13       -43
Employees                    289     239       +21

AvW INVEST´s shareholding in the German IT company Realtech (RTCG.DE) was also
expanded and currently stands at 15.7 per cent. This was made possible through
the acquisition of the five percent package of shares in Realtech which was held
by the AvW Group.

In addition, the investment in the German IT company Nextevolution (N5EG.DE).
was increased from 16 to more than 21.9 per cent.
Until the end of the 2008 financial year, AvW INVEST plans to further increase
its investments in the IT sector.

The financial statements of AvW are prepared in accordance with IFRS and
structured in conformity with the Austrian Banking Act. The full shareholders´
report is available on the AvW website at www.avw.eu, Investor
Relations/Reports.The Financel Service report 2007 is available on the
OEKB/IssueInformationCenter.

AvW INVEST AG, which is domiciled in Krumpendorf at Lake Wörthersee, is active
in three core business areas: financial services, equity participations and real

estate.

AvW´s shares are listed on the Vienna Stock Exchange on the ATX Prime
Market ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: 
AWS).

end of announcement                               euro adhoc

Further inquiry note:

AvW INVEST AG
Mag. Brigitte Burger
Tel.: 04229/3621-24
mailto:b.burger@avw.eu

Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Prime.market
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing