CPI Europe AG — AGM Information 2008

Jul 23, 2008

News Details

Corporate | 23 July 2008 14:54

IMMOFINANZ AG:Extraordinary General Meeting of IMMOFINANZ approves Acquisition of the Real Estate Division of Constantia Privatbank

IMMOFINANZ AG / AGM/EGM

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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Extraordinary General Meeting of IMMOFINANZ approves Acquisition of the
Real Estate Division of Constantia Privatbank

• Large majority of shareholders approves the joint motion of the
  supervisory board and executive board at the extraordinary general
  meeting

• Internalisation of management, acquisition of the business fields real
  estate development, real estate fund management, real estate brokerage
  services and property/facility management

• IMMOFINANZ will also vote for purchasing the real estate division of
  Constantia Privatbank at subsidiary IMMOEAST’s extraordinary general
  meeting

On Wednesday, July 23, 2008 the shareholders of IMMOFINANZ approved the
motion of the executive board and supervisory board to acquire all of
Constantia Privatbank’s real estate activities together with its subsidiary
IMMOEAST. This leads to an internalisation of the company’s management and
the IMMOFINANZ group will have a strong real estate services division in
the future.

For the price of EUR 146 million IMMOFINANZ will acquire the management
contract with Constantia Privatbank and for EUR 30 million a stake of 40
percent in the remaining real estate activities and real estate
subsidiaries of Constantia Privatbank. These include Constantia
Privatbank’s real estate asset management division and the subsidiaries CPB
Immobilien KAG (real estate funds), Constantia Immobilien Development and
Credo (real estate development), IMV Immobilienmanagement und -verwaltung
(property and facility management) and CPB Immobilientreuhand (49 percent,
real estate brokerage and valuation).

477 shareholders and shareholder representatives attended the extraordinary
general meeting. The motion of the executive board and supervisory board
was approved by 98.02 percent of the votes.

The realisation of the transaction just decided on at the general meeting
is dependent upon whether the subsidiary IMMOEAST will approve the purchase
of the remaining 60 percent of Constantia Privatbank’s real estate division
at its extraordinary general meeting. IMMOFINANZ, which holds a stake of
54.64 percent in IMMOEAST, announced it will approve the relevant motion at
the extraordinary general meeting of IMMOEAST.
23.07.2008 Financial News transmitted by DGAP

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Language: English
Issuer: IMMOFINANZ AG
Bankgasse 2
A-1010 Wien
Österreich
Phone: 0043 /1/ 536 16 - 461
Fax: 0043 /1/ 536 16 - 491
E-mail: investor@immfinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) Wien

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