conwert Immobilien Invest SE: Exercise of Put Option relating to the 2014 Convertible Bonds

Vienna (pta005/24.10.2012/08:55 UTC+2) Not for release or publication in, or distribution to, the United States of America, 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.

Vienna, 24 October 2012. conwert Immobilien Invest SE, which is listed on the Vienna Stock Exchange, hereby announces that holders representing an aggregate principal amount of EUR 53.2 million of conwert's 1.50% convertible bonds due 2014 (ISIN AT0000A07PZ5) have exercised early repurchase options and that conwert will repurchase the relevant bonds in accordance with the terms and conditions thereof on 12 November 2012. conwert will pay a purchase price of EUR 107,963.70 per EUR 100,000 principal amount plus accrued interest for the bonds. Following the exercise of the repurchase option, EUR 21 million principal amount of the 2014 convertible bonds will remain outstanding. Previously, the outstanding principal amount of 2014 convertible bonds was EUR 74.2 million.

Because the price of the conwert share is below the conversion price of EUR 13.61 per share, conwert had taken steps to be in a position to repurchase the 2014 convertible bonds early. Since not all (i.e., 71.7%) of the holders of the 2014 convertible bonds have exercised their put option right, conwert will have more cash available after 12 November than initially anticipated, which will further increase the company's flexibility.

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.

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 2014 convertible 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)