09.02.2007 – 08:34

Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Capital measures
Meinl European Land: Largest capital increase in the Company’s history successfully completed Proceeds of EUR 1.48 billion for further growth

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

09.02.2007

Jersey, 9 February 2007. Meinl European Land has successfully
completed the largest capital increase in the Company’s history. All
shares have been placed. As a result of Meinl European Land’s
sustainable dynamic growth within the last years the capital increase
has seen an increased international interest.

"We feel very comfortable with the result of the capital increase.
The strong interest underlines, that Meinl European Land’s strategy
to invest in high profitable retail real estate in the growing
markets in CEE, finds high acceptance on the capital markets"
explains Francis Lustig, Spokesman of Meinl European Land. "The gross
proceeds of EUR 1.48 billion shall enable Meinl European Land’s
continuing dynamic expansion." On the one hand proceeds will be used
to finance the projects, which have been firmed up recently. In
addition, several real estate projects are in advanced process of
negotiation and are expected to reach the signature stage within this
quarter. These projects’ realization is secured with the proceeds of
the capital increase as well.

Meinl European Land’s portfolio includes 153 retail properties as
well as 36 development projects with a total value of approximately
EUR 4.5 billion as of today. A further significant increase of the
portfolio may be expected based on the substantial project pipeline
of around EUR 1.9 billion.

As a result of the capital increase, 300 million Meinl European Land
shares will be listed on the Vienna Stock Exchange as of next week.
With a market capitalization of almost EUR 6 billion Meinl European
Land belongs to the largest European real estate companies.

end of announcement                               euro adhoc 09.02.2007 07:56:57

Further inquiry note:

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Auction
Börsen: Wiener Börse AG / official dealing