29.09.2006 – 07:30

Immofinanz Immobilien Anlagen AG

IMMOFINANZ Doubles Profit in First Quarter of 2006/07

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IMMOFINANZ Doubles Profit in First Quarter of 2006/07

- Operating profit (EBIT) increases by 98.8 percent
- Revenues increase 43.8 percent to 117.8 million Euro
- Real estate assets climb to eight billion Euro
- Investments at a volume of three billion Euro carried out

In the first quarter of the 2006/07 fiscal year (May 1 to July 31,
2006) IMMOFINANZ Immobilien Anlagen AG reported substantial increases
in the company’s most important profit figures, while the growth of
the company was also outstanding.

Operating profit (EBIT) basically doubled, improving by 98.8 percent
to 144.9 million Euro compared to the same period the year before.
The second most important profit figure, earnings before tax (EBT),
increased 77.4 percent to 119.4 million Euro.

The company’s revenues rose by 43.8 percent to 117.8 million Euro.
Real estate assets reached a fair value of 8.02 billion Euro (up 60.2
percent). The number of properties rose by 83.5 percent to 2182,
while lettable space increased 72.3 percent to 7.97 million m² (up
82.1 percent). The company’s equity increased by 110 percent to 5.67
billion Euro due to the capital increases of IMMOFINANZ and its
subsidiary IMMOEAST.

The reasons for the company’s excellent performance are the strong
development of the most important pillar in Austria, the BUWOG/ESG
Group, the resounding success of IMMOEAST in Central and Eastern
Europe, while in the west the company is profiting from the
exceptional performance of the German market this year.

The investments of IMMOFINANZ also reached a new record level during
the reporting period. In the first quarter investments were carried
out for a total volume of 3.07 billion Euro. Of these 1.0 billion is
already activated in the balance sheet. The remainder is accounted
for by development projects, forward purchases and committed
increases in the stakes in joint ventures, which will only be
gradually reflected in the balance sheet in later periods. In
addition to this are extensive preparations for further investments
which are to be carried out during the course of this fiscal year. A
volume of 2.65 billion Euro is currently in the final stages of
negotiations (due diligence).

INVESTOR RELATIONS INFORMATION:

Press release:
- www.immofinanz.com/english/05news/press.htm

Report on the 1st Quarter as of 31 July 2006:
- www.immofinanz.com/english/02ir/berichte.htm

end of announcement                               euro adhoc 29.09.2006 07:30:00

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Further inquiry note:

MMag. Dr. Karl Petrikovics
Vorstandsvorsitzender der Immofinanz
Immobilien Anlagen AG
Tel.: +43 1 536 16-400
mailto:investor@immofinanz.at

Branche: Real Estate
ISIN: AT0000809058
WKN: 911064
Index: ATX Prime
Börsen: Wiener Börse AG / official market