conwert Immobilien Invest SE: conwert sets terms of convertible bonds

Vienna (pta028/30.08.2012/16:40 UTC+2) 30 August 2012. conwert Immobilien Invest SE ("conwert") has successfully completed the placement of convertible bonds (the "Bonds") in an aggregate principal amount of 80 million Eur announced earlier today.

The coupon of the Bonds has been set at 4.50% p.a., payable semi-annually in arrear. The initial conversion price of the Bonds will be 11.59 Eur, representing a premium of 30% above the volume weighted average price of the conwert share during the bookbuilding period.

The Bonds will have a maturity of six years. Holders of the Bonds will be entitled to require an early redemption of their Bonds at the principal amount together with accrued interest on the third anniversary after the issue date.

conwert will use the proceeds of the offering for the repurchase of its outstanding 1.50% convertible bonds due 2014 (ISIN AT0000A07PZ5) at a price of 107.9637% of the principal amount plus accrued interest.

Closing and settlement is expected to occur on or around 6 September 2012. conwert intends to have the Bonds traded on the unregulated Third Market (Multilateral Trading Facility) of the Vienna Stock Exchange.

Barclays acted as Sole Bookrunner and Raiffeisen Centrobank AG as Co-Lead Manager of the offering.

The information contained herein is not for release or publication in, or distribution to, the United States (as defined below), Canada, Japan and Australia, or any other jurisdiction in which offers or sales of securities of conwert Immobilien Invest SE are prohibited by applicable law.

This press release does not constitute or form part of any offer or solicitation to purchase or subscribe for sale securities of conwert Immobilien Invest SE. No public offer of the Bonds will be made in Austria or any other jurisdiction.

This press release is not being issued in the United States of America, its territories and possessions, any State of the United States of America, and the District of Columbia ("United States") and must not be distributed, directly or indirectly, in or into the United States. The securities referred to in this press release (including the Bonds and the shares of conwert Immobilien Invest SE) have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), and may not be offered or sold in the United States absent an exemption from registration under the Securities Act. No offer or acceptance to repurchase any existing bonds will be accepted from the United States of America.

This press release is not for general publication, release or distribution in the United Kingdom and may only be distributed in the United Kingdom to persons who (i) are investment professionals falling within article 19(5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, in its current version (the "Order"), or (ii) are high net worth entities or other persons to whom it may lawfully be communicated falling within article 49(2) (a) to (d) of the Order (all such persons will be referred to as "Relevant Persons" below). Anyone in the United Kingdom who is not a Relevant Person may not act on the basis of this press release or its contents. Any investment or investment activity to which this press release refers is only available to Relevant Persons and is only carried out with Relevant Persons.

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Emitter:	conwert Immobilien Invest SE Alserbachstraße 32 1090 Wien Austria
Contact Person:	Dr. Clemens Billek
Phone:	+43 / 1 / 521 45-700
E-Mail:	cwi@conwert.at
Website:	www.conwert.at
ISIN(s):	AT0000697750 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)