Warimpex Finanz- und Beteiligungs AG: Warimpex concludes agreement on the sale of the InterContinental Warsaw to Deka

Vienna/Warsaw (pta035/30.10.2012/22:05 UTC+1) Ad Hoc Release

Warimpex concludes agreement on the sale of the InterContinental Warsaw to Deka

* Signing with a German real estate fund of DekaBank successful. Closing expected for the end of 2012
* Warimpex and UBM to lease hotel until 2027, securing future profit potential
* InterContinental Hotels Group to remain responsible for management

Vienna/Warsaw, 30 October 2012 - Warimpex Finanz- und Beteiligungs AG and UBM Realitätenentwicklung AG are selling the InterContinental hotel in Warsaw to WestInvest InterSelect, a retail real estate fund of Germany's DekaBank group. The contract negotiations were concluded successfully today. The sale contract is still pending subject to the fulfilment of the standard closing prerequisites for such real estate transactions in Poland. The deal is expected to close at the end of 2012. The selling price, which can still rise depending on the performance of the hotel, is over EUR 100 million, and well above the asset's book value.

Warimpex and UBM developed the core property together, and each most recently held 50 per cent of the five-star hotel. In order to profit from the development of the hotel in the coming years, Warimpex and UBM will be leasing the hotel back under a fixed agreement and will run the hotel under the brand InterContinental until 2027.

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Emitter:	Warimpex Finanz- und Beteiligungs AG Floridsdorfer Hauptstrasse 1 1210 Wien Austria
Contact Person:	Daniel Folian
Phone:	+43 1 310 55 00
E-Mail:	investor.relations@warimpex.com
Website:	www.warimpex.com
ISIN(s):	AT0000827209 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)
Other Stock Exchanges:	Warsaw