CPI Europe AG — Capital/Financing Update 2012

Dec 17, 2012

News Details

Ad-hoc | 17 December 2012 17:31

IMMOFINANZ AG: IMMOFINANZ AG intends to deploy treasury shares to obtain bank financing

IMMOFINANZ AG / Key word(s): Real Estate

17.12.2012 17:31

Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

IMMOFINANZ AG intends to deploy treasury shares to obtain bank financing

IMMOFINANZ AG (ISIN AT0000809058), listed in the prime market of the Vienna
Stock Exchange intends to deploy treasury shares for financing agreements
to be concluded with banks. The financing volume amounts to EUR 150 million
over a term of up to three years.

The executive board of IMMOFINANZ AG resolved today, subject to the
approval of the supervisory board, based on the authorisation pursuant to
section 65 para 1b and section 65 para 1 item 8 Austrian Stock Corporation
Act granted by the 19th ordinary shareholders' meeting of 05 October 2012
to sell 101,605,741 treasury shares of IMMOFINANZ Group (i.e. 9% of the
current nominal share capital) to banks at the prevailing market value and
to agree already with the banks to repurchase the same number of shares
upon redemption of the financing transaction. The repurchase price will be
equal to the sale price of the shares The treasury shares will still be
accounted for in the equity of the consolidated financial statements (IFRS)
of IMMOFINANZ Group. The term of the financing is intended to start in
January 2013.

'The deployment of treasury shares is a flexible form to optimize our
financing structure and to access new financing sources in order to
consequently pursue our growth strategy - especially in Germany. On the one
hand capital tied up with the treasury shares can be realised and deployed
and on the other hand we can retain the upside potential of the
IMMOFINANZ-share. Also further share repurchases in accordance with the
existing shareholder authorisations will not be excluded by this way of
financing', explained Eduard Zehetner, CEO of IMMOFINANZ Group.

The conditions according to section 5 Austrian Publication Regulation 2002
for the intended sale and repurchase of treasury shares will be announced
separately.

On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe
and is included in the leading ATX index of the Vienna Stock Exchange.
Since its founding in 1990, the company has compiled a high-quality
property portfolio that now comprises more than 1,820 investment properties
with a carrying amount of approx. EUR 10.38 billion. As a 'real estate
machine' the company concentrates on linking its three core business areas:
the development of sustainable, specially designed prime properties in
premium locations, the professional management of these properties and
cycle-optimised sales. Active and decentralised asset management increases
rental income and, at the same time, reduces vacancies. The liquid funds
generated by property sales are reinvested in new development projects and,
in this way, keep the machine running. The company's goal is to generate
greater profitability along the entire value change with a clearly defined,
standardised and industrialised process. IMMOFINANZ Group concentrates its
activities in the retail, office, logistics and residential segments of
eight regional core markets: Austria, Germany, Czech Republic, Slovakia,
Hungary, Romania, Poland and Russia. Further information under:
www.immofinanz.com

For additional information please contact:

Stefan Schönauer
Head of Corporate Finance & Investor Relations
Interim Head of Corporate Communications
IMMOFINANZ AG
T +43 (0)1 88090 2312
M +43 (0)699 1685 7312
Investor Relations: investor@immofinanz.com
Media requests: communications@immofinanz.com

A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com

Armin Nowshad
Ecker & Partner Öffentlichkeitsarbeit und Public Affairs GmbH
T +43 (0)1 599 32 22
M +43 (0)660 821 55 38
a.nowshad@eup.at

17.12.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

---