CPI Europe AG — Capital/Financing Update 2007

Nov 14, 2007

News Details

Corporate | 14 November 2007 22:35

IMMOFINANZ AG:IMMOFINANZ prices Euro 750 million convertible bonds

IMMOFINANZ AG / Issue of Debt

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

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IMMOFINANZ prices Euro 750 million convertible bonds

Vienna, 14 November 2007. IMMOFINANZ AG announces the closing of the
convertible bond offering launched today. The Euro 650 million placement,
which was offered solely to institutional investors, was well
oversubscribed allowing the deal size to be increased to Euro 750 million.

The 10-year convertible bond with a coupon of 1.25 percent was priced with
a yield to maturity of 3.75 percent and a redemption price of 129.7
percent. The initial conversion premium has been fixed at 36.5 percent
resulting in an effective conversion price at maturity of Euro 12.
Bondholders can acquire IMMOFINANZ shares at the conversion price through
19 November 2017.

IMMOFINANZ successfully placed its second convertible bond offering this
year. The strong interest in the placement came from a wide range of
institutional investors with subscription orders coming from virtually
every country in which the convertible bond was offered for purchase (not
in the USA, Canada, Australia and Japan).

Deutsche Bank AG, J.P. Morgan Securities Ltd. and Merrill Lynch
International were acting as joint bookrunners and joint lead managers for
the issue.

IR-Contact:

IMMOFINANZ AG

Mag. Margit Hermentin – IR-Manager

Bankgasse 2

A – 1010 Wien

Austria

T.+43/1/532 06 39-700

F.+43/1/532 06 39-790

Mail: investor@immofinanz.com

This press release is for information purposes only and is not an offer to
sell, or the solicitation of an offer to buy, any securities. In connection
with this transaction there has not been, nor will there be, any public
offering of the convertible bonds of the Issuer or the shares of
IMMOFINANZ. The distribution of this press release and the offer and sale
of the convertible bonds or the shares in certain jurisdictions may be
restricted by law. Any persons reading this press release should inform
themselves of and observe any such restrictions. A prospectus in accordance
with the Prospectus Directive will not be prepared.

In connection with this offering, J.P. Morgan Securities Ltd., acting as
stabilisation manager, may, from the announcement of final terms of the
offering, effect transactions with a view to supporting the market price of
the bonds at a level higher than that which might otherwise prevail for a
limited period after the issue date. However, there may be no obligation on
J.P. Morgan Securities Ltd. to do this. Such stabilising, if commenced, may
be discontinued at any time, and will end no later than 19 December 2007
and will be executed in accordance with Regulation (EU) No. 2273/2003, FSA
and Austrian Law.
14.11.2007 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

End of News DGAP News-Service

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